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Hopeful FTB

Uk's Most Expensive Place To Live

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According to the bbc, Cardiff is the Uk's most expensive place where residents spend 97% of their monthly income servicing bills & debts- that figure sounds unbelievable!

In some ways it doesnt surprise me though as south wales is real keeping up with the joneses land- but how in earth can you sustain that if your entire income goes on just getting by?

http://news.bbc.co.uk/1/hi/wales/4796075.stm?ls

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According to the bbc, Cardiff is the Uk's most expensive place where residents spend 97% of their monthly income servicing bills & debts

And people still believe that house prices aren't going to fall :lol:

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They also spend 15% of their income on credit card repayments......

hmm, let me work out why that could be, was it the cost of buying a house (bear in mind that by far the vast majority of people have not made or norrowed anything in the 'housing boom', because they have not sold or moved house (sales are at very low historical volumes) or because they have simply been spending more than they earn. I know people have their own views, but I really don't think this is down to house prices, it's down to cheap credit.

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They also spend 15% of their income on credit card repayments......

hmm, let me work out why that could be, was it the cost of buying a house (bear in mind that by far the vast majority of people have not made or norrowed anything in the 'housing boom', because they have not sold or moved house (sales are at very low historical volumes) or because they have simply been spending more than they earn. I know people have their own views, but I really don't think this is down to house prices, it's down to cheap credit.

I think in Cardiff and south wales in general, there is a real remortgaging issue that comes into play in all of this aswell- house prices have soared there in the last 5 years and i would put money on the fact that people have been MEW'ing for wales so to speak!

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I think in Cardiff and south wales in general, there is a real remortgaging issue that comes into play in all of this aswell- house prices have soared there in the last 5 years and i would put money on the fact that people have been MEW'ing for wales so to speak!

Ah, you mean along the lines of my mortgage on my house was £300 a month when it was worth £40K, now it's 'worth' £120K I will take out £30K and waste it and still have £60K in my house...... and the ones who think it's cheap borrowing to buy a new car by extending the mortgage (20year plus debt) - I know a lot of people like that :) - the ones who laugh at our 'cheap' cars, our 'pikey holidays' and the way I still wear suits from those well known tailors, Messrs Marks and Spencer.

I had assumed that the Welsh had the Celtic 'canny' gene in them - seems not.

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  • 301 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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