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Kam

How Long Before Everyone Is Priced Out?

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Speaking to one of the neighbours round by my mums house:

They live in a typical FTB house small 2 bed terrace, She was very angry at the state of the housing market. They bought their house over 8 years ago and want to move as the children are growing up and would like more space. Trouble is they can't afford too, the gap between the rungs has got too wide for them to afford the next 'Step up'

How on earth can a boom like this be a good thing? if it did continue, how would anyone afford to move up.

People would only be able to downsize or move sideways.

The rungs are getting too big and people are mortgaged to the hilt already, unable to take on more debt to move up.

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Exactly - but try convincing journalists with buy to let properties of this fact! Even the rise of the BNP - which is in large part due to the lack of affordable housing in areas like Barking - doesn't cause them to waiver from their blinkered view!

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Speaking to one of the neighbours round by my mums house:

They live in a typical FTB house small 2 bed terrace, She was very angry at the state of the housing market. They bought their house over 8 years ago and want to move as the children are growing up and would like more space. Trouble is they can't afford too, the gap between the rungs has got too wide for them to afford the next 'Step up'

How on earth can a boom like this be a good thing? if it did continue, how would anyone afford to move up.

People would only be able to downsize or move sideways.

The rungs are getting too big and people are mortgaged to the hilt already, unable to take on more debt to move up.

That's about how I see it. Now the only trick is not to be the next sucker.

Standard Disclaimer: I am utterly useless in financial matters. You will probably be better off just doing the direct opposite of whatever I do - but I don't recommend it on this one :D

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Guest Winners and Losers

Exactly - but try convincing journalists with buy to let properties of this fact! Even the rise of the BNP - which is in large part due to the lack of affordable housing in areas like Barking - doesn't cause them to waiver from their blinkered view!

Yet. I think they are already being forced to turn on their heels. Just need to read between the lines Realist Bear stylee - keepin it real in da HPC house.

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They live in a typical FTB house small 2 bed terrace, She was very angry at the state of the housing market. They bought their house over 8 years ago and want to move as the children are growing up and would like more space. Trouble is they can't afford too, the gap between the rungs has got too wide for them to afford the next 'Step up'

Any chance you could refer them to www.pricedout.org.uk? Ta.

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Speaking to one of the neighbours round by my mums house:

They live in a typical FTB house small 2 bed terrace, She was very angry at the state of the housing market. They bought their house over 8 years ago and want to move as the children are growing up and would like more space. Trouble is they can't afford too, the gap between the rungs has got too wide for them to afford the next 'Step up'

How on earth can a boom like this be a good thing? if it did continue, how would anyone afford to move up.

People would only be able to downsize or move sideways.

The rungs are getting too big and people are mortgaged to the hilt already, unable to take on more debt to move up.

I'm in the same position as well. It's not just FTBs that are losers from HPI. This house price boom has gone on for too long and has become a sick joke as the only people who benefit are property investors. It totally degrades the standard of living.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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