Anti_Claus Posted March 28, 2006 Share Posted March 28, 2006 (edited) I'm talking about 1998, not all that distant. I was single, and earning 20K - the average wage at the time I believe. A single person - male or female - should be able to buy a decent home on the average wage. It was tough for me for the first couple of years, but not ridiculous. A couple should be able to fly it. Should... and here we are. You should get your home valued now (or check your neighbours on nethouseprices if any similar have sold recently) and compare to average wages now. Would you still be able/willing to buy it today? EDIT: Think I took you post out of context as if sayin people should easily be able to buy today. Just noticed your earlier posts. Above commet applies tho to those who have owned property for a while and argue that FTB arn't screwed heavily in todays market. Edited March 28, 2006 by Anti_Claus Quote Link to comment Share on other sites More sharing options...
Fabio Posted March 28, 2006 Share Posted March 28, 2006 See, I have been staying at home for the past 12 years. I'm a freak today. I have been trying to re-enter the work force with little luck. I think I would be better off telling people I have been a crack ho for the past 12 years than a stay at home mom. And the worst part is, woman are worse than men. Men seem to respect it, woman look at me like "how could I do such a thing?" Yeah but I bet your kids respect you more. Why dont you open up a day care centre and then you will be the one laughing. Quote Link to comment Share on other sites More sharing options...
tahoma Posted March 28, 2006 Share Posted March 28, 2006 There's a wonderful balancing mechanism in palce - that's how markets work. Agreed. Although when a 40% correction occurs, many will not use the word 'wonderful'. You should get your home valued now (or check your neighbours on nethouseprices if any similar have sold recently) and compare to average wages now. Would you still be able/willing to buy it today? I sold it for £150K in October. And no, I would not want to buy at that price! Nor should anyone else in their right mind. God, I'm such a hypocrite... Quote Link to comment Share on other sites More sharing options...
Glitterygook2 Posted March 28, 2006 Share Posted March 28, 2006 (edited) Quote megaflop - 'I live with my parents in one of the most affluent areas of south Manchester, which boasts the largest - and arguably some of the most desireable - detached property Manchester has to offer. For about a year now, my friend's neighbour has had his £675K detached on the market. Two signs. No sign of moving though. Recently my neighbours have joined them, similar price bracket, been on (seriously) about 6 months, just sprouted a second agent's sign last weekend. Two more neighbours have similar properties on the market covertly - Rightmove only - but no signs. Unsurprising really, since it's a cul-de-sac, and too many signs would look bad. Driving around I noticed another such house had sprouted two signs. It sounds as though you live near me and the market appears to be picking up to me - we've had plenty of interest and offers recently and there are a lot of sold boards appearing - it's definitely been slow the last 18 months but my EA friends says March has been the busiest month in 2 years wrt sales agreed. Sorry, made a complete hash of quoting there - too much wine! Oops, am not an EA myself in case that's not clear, if you even care, which you probably don't... Agree 100% with all that 'casual observer' says (in this thread that is) Off to bed before my hole digging gets out of hand Edited March 28, 2006 by Glitterygook2 Quote Link to comment Share on other sites More sharing options...
Guest Winners and Losers Posted March 28, 2006 Share Posted March 28, 2006 we've had plenty of interest and offers recently and there are a lot of sold boards appearing - it's definitely been slow the last 18 months but my EA friends says March has been the busiest month in 2 years wrt sales agreed. Sorry, made a complete hash of quoting there - too much wine! Oops, am not an EA myself in case that's not clear, if you even care, which you probably don't... Off to bed before my hole digging gets out of hand Thy doth protest too much. Quote Link to comment Share on other sites More sharing options...
Karen Posted March 28, 2006 Share Posted March 28, 2006 Yeah but I bet your kids respect you more. Why dont you open up a day care centre and then you will be the one laughing. I don't regret staying home. I do believe it says a lot about what is valued. Quote Link to comment Share on other sites More sharing options...
Guest wrongmove Posted March 28, 2006 Share Posted March 28, 2006 I don't regret staying home. I do believe it says a lot about what is valued. I wouldn't worry about the opinions of others on this matter Karen. People who have made a free choice about childcare will respect your free choice, whatever their own was. The others are probably just projecting their own resentment or guilt or confusion or whatever Quote Link to comment Share on other sites More sharing options...
Fabio Posted March 28, 2006 Share Posted March 28, 2006 I don't regret staying home. I do believe it says a lot about what is valued. I didnt say you did. I think it is a good thing (coming from someone who was brought up by au pairs). You said you were now trying to get back to work. Surely with all these working mums there is money to be made looking after their kids. Plus you would be 12 years qualified. Quote Link to comment Share on other sites More sharing options...
RichM Posted March 28, 2006 Share Posted March 28, 2006 I didnt say you did. I think it is a good thing (coming from someone who was brought up by au pairs). You said you were now trying to get back to work. Surely with all these working mums there is money to be made looking after their kids. Plus you would be 12 years qualified. Bit of a long-shot, but you're not the very same pioneering drum'n'bass DJ? If you are, I saw you twice in Bristol, Anson Rooms and Blue Mountain Club, and I thought you were great. Quote Link to comment Share on other sites More sharing options...
undersupply Posted March 28, 2006 Share Posted March 28, 2006 (edited) Quote megaflop - 'I live with my parents in one of the most affluent areas of south Manchester, which boasts the largest - and arguably some of the most desireable - detached property Manchester has to offer. For about a year now, my friend's neighbour has had his £675K detached on the market. Two signs. No sign of moving though. Recently my neighbours have joined them, similar price bracket, been on (seriously) about 6 months, just sprouted a second agent's sign last weekend. Two more neighbours have similar properties on the market covertly - Rightmove only - but no signs. Unsurprising really, since it's a cul-de-sac, and too many signs would look bad. Driving around I noticed another such house had sprouted two signs. It sounds as though you live near me and the market appears to be picking up to me - we've had plenty of interest and offers recently and there are a lot of sold boards appearing - it's definitely been slow the last 18 months but my EA friends says March has been the busiest month in 2 years wrt sales agreed. Sorry, made a complete hash of quoting there - too much wine! Oops, am not an EA myself in case that's not clear, if you even care, which you probably don't... Agree 100% with all that 'casual observer' says (in this thread that is) Off to bed before my hole digging gets out of hand http://www.rightmove.co.uk/action/publicsite.PropertySearch I thought you said you sold it, on the bricks and mortar thread Prestwich Park Road South, eh dropping 25k KKKKrashhhhh QUOTE(Glitterygook2 @ Mar 27 2006, 04:56 PM) No replies to that I see!Good for you B&M - we've 'sold' too and since first buyer tried playing silly games and lost it, a second purchaser is now proceeding at a higher price! I'm no expert but things certainly seem to be picking up locally - lots of sold boards up and according to EA friend March has been mad busy wrt agreeing sales. Edited March 28, 2006 by undersupply Quote Link to comment Share on other sites More sharing options...
Fabio Posted March 28, 2006 Share Posted March 28, 2006 Bit of a long-shot, but you're not the very same pioneering drum'n'bass DJ? If you are, I saw you twice in Bristol, Anson Rooms and Blue Mountain Club, and I thought you were great. hahaha No sorry. I used to get stick all the time at school 'where's groverider?' Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted March 28, 2006 Share Posted March 28, 2006 She cannot afford to move. Last year they thought they hd made money...This year they realise this house price madness has been affecting them through stealth. imagine then if you had truly beleived this and then MEWd about 40ks worth of debtbuster equity loans from this 'value'. thinking all the new inflation would pay for all the new cookers, kitchens and holidays.? this bust may see houses fall to 2001 levels. roughly half. then they will be shafted to the max. Quote Link to comment Share on other sites More sharing options...
RichM Posted March 28, 2006 Share Posted March 28, 2006 hahaha No sorry. I used to get stick all the time at school 'where's groverider?' Grooverider I think!!! Ah, those were days, I didn't care about houses then. A-levels, first loves, football on the Downs, trying to buy some cider, blagging my way into clubs, great days. Loved the Blue Mountain club, lovely staff and cheap booze. Quote Link to comment Share on other sites More sharing options...
Stanley Posted March 28, 2006 Share Posted March 28, 2006 The only ones who can move now are the retired and the baby boomers.....and they're all downsizing! Quote Link to comment Share on other sites More sharing options...
Casual Observer Posted March 29, 2006 Share Posted March 29, 2006 The only ones who can move now are the retired and the baby boomers.....and they're all downsizing! Well, that can't work! Who's buying their houses? Quote Link to comment Share on other sites More sharing options...
red Posted March 29, 2006 Author Share Posted March 29, 2006 Yes there are - but the notion that property has 'always been too expensive' is blown out the water by the fact that I bought my first flat (zone 2, London) for 50 grand on my 1995 20K salary. Not even 2.5 income multiple considering a small deposit. The same flat up for sale recently at 175K. Average wage now about 30K...what gives? I am sure many others could provide anecdotals proving my point. Or was that period a never-to-be-repeated one-off? Are we entering that new paradigm? What was the mortgage interest rate? Around 7% as I remember... Quote Link to comment Share on other sites More sharing options...
Guest wrongmove Posted March 29, 2006 Share Posted March 29, 2006 I bought my first flat (zone 2, London) for 50 grand on my 1995 20K salary. Not even 2.5 income multiple considering a small deposit. The same flat up for sale recently at 175K. Average wage now about 30K...what gives? I am sure many others could provide anecdotals proving my point. Or was that period a never-to-be-repeated one-off? Are we entering that new paradigm? Around 7% as I remember... You brought at the absolute bottom of the biggest crash ever. Well done ! But not very typical. Quote Link to comment Share on other sites More sharing options...
spline Posted March 29, 2006 Share Posted March 29, 2006 (edited) ...what gives? ... was that period a never-to-be-repeated one-off? Are we entering that new paradigm? Well, in answer to your “was that period a never-to-be-repeated one-off?” it rather looks like it was – houses bought around 1995 would have been at the lowest price relative to earnings experienced in the last 60 years … hardly a typical situation as wrongmove points out. Edited March 29, 2006 by spline Quote Link to comment Share on other sites More sharing options...
Glitterygook2 Posted March 29, 2006 Share Posted March 29, 2006 (edited) http://www.rightmove.co.uk/action/publicsite.PropertySearch I thought you said you sold it, on the bricks and mortar thread Prestwich Park Road South, eh dropping 25k KKKKrashhhhh QUOTE(Glitterygook2 @ Mar 27 2006, 04:56 PM) I put 'sold' to indicate contracts had not yet been exchanged - sale is agreed and it's going through at the moment. What's prestwich park road south got to do with anything? And what's all this guff about don't have kids?? I've got 3 kids, I'm a SAHM and we are in the process of 'upsizing', not downsizing. I don't know what the house was you linked as it's expired. Edited March 29, 2006 by Glitterygook2 Quote Link to comment Share on other sites More sharing options...
RichM Posted March 29, 2006 Share Posted March 29, 2006 PROPERTY MAD- We must be! statements like this: "by "bite the bullet" I assume you mean have children and not buy a flat/house" I know RichM. He is a clever guy. For him to come out with a statement shows how truly MAD our society has become. Something has convinced him that he needs to: + Buy a property, and + Have children Within a tight window driven by normal biological timing requirements. Just to clarify, I have no intention whatsoever of buying a property now, or at any point in the next three years. Having brats is much more important. Quote Link to comment Share on other sites More sharing options...
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