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Fed Up Being Told To Set Your Sights Lower

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As the average FTB is now 34 is it unreasonable for them to aspire to at least a 2 bed house? When the average age for a FTB was 25, they would traditionally get a 1 or 2 bed flat, this was in the knowledge that their wages would probably rise and they would get married in a few years, therefore moving onto a bigger place.

I just get really fed up being told to lower my expectations, as if I should be happy to pay 4/5 times my salary for a pokey flat that I wont be able to afford to move out from and also my wages are unlikely to rise that much....

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Guest The_Oldie

Set your sights higher!

Wait for a few years and get something much better for the same price :D.

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Set your sights higher!

Wait for a few years and get something much better for the same price :D.

thats what I am hoping for but having just turned 34 I cant wait too long!

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Want it all generation? :)

Just because a buyer maybe 34, it doesnt mean they deserve anything!

EDIT: Also if as you say a FTB at that age might have a family, they could afford twice as much due to a spouse.

Edited by zag2me

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The attitude among the NuLabour champagne socialists and EAs is that FTBs should be seen and not heard. Almost Dickensian in attitude--"know your place" and don't grumble at your poverty. With immigrants we don't need you anymore so bugger off...... :angry:

Not long now before the Miracle Economy of HPI-MEW implodes then the smuggness will vanish.

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As the average FTB is now 34 is it unreasonable for them to aspire to at least a 2 bed house? When the average age for a FTB was 25, they would traditionally get a 1 or 2 bed flat, this was in the knowledge that their wages would probably rise and they would get married in a few years, therefore moving onto a bigger place.

I just get really fed up being told to lower my expectations, as if I should be happy to pay 4/5 times my salary for a pokey flat that I wont be able to afford to move out from and also my wages are unlikely to rise that much....

You must...i repeat MUST do your obligatory 2years in a sh1thole tennement building.....then move on to your halfway house...shared by chavs and junkies and other low life...then when your appreciation for the finer things in life mature...so shall you reap the benefits of a bit o grass around your castle.....this is the circle of the FTB....or so the dodering bufoon senile chantering lucky break detatched dwelling morons will have you beleive...........Feck you and yours you old gits.........ive spent over a decade in the army...and you think im only entightled to a sh1ttip now im out and a FTB.......hope i get a chance to move nextdoor to someone with that attitude.........ill be happy to discuss my distain face to face.

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Guest DisposableHeroes

Are you both renting?

I bought a place about a year ago, 2 bed hole. The sound proofing between the houses is so bad I can here the next door neighbours taking a piss :-)

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Want it all generation? :)

Just because a buyer maybe 34, it doesnt mean they deserve anything!

EDIT: Also if as you say a FTB at that age might have a family, they could afford twice as much due to a spouse.

Yes, and if they were to have children they couldn't dedicate two full time incomes to a mortgage!

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Want it all generation? :)

Just because a buyer maybe 34, it doesnt mean they deserve anything!

EDIT: Also if as you say a FTB at that age might have a family, they could afford twice as much due to a spouse.

Sorry i wasnt clear about the point i was making. I am the average first time buyer and married (both earning a decent income). we can afford a pokey 2 bed house if we go to the max we can borrow. There will then be no way we can move up the so called property ladder if we have children or want to have a life where 40% of our salary is not going on the mortgage. I dont consider myself part of the "want it all generation", i have no debt and save for the thing I want, its just looks like I will have to keep saving for a few more years as my deposit is not catching up with houseprice rises :)

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Guest DisposableHeroes

"Want it Generation" is a good through away term, a good sound bite, easy to role off the tounge. In reality 1st time buyers are put in a situation where the most expensive item they will ever buy is historially at it's hightest average price. Nothing to do with greed or a sense of being owed something...

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Also if as you say a FTB at that age might have a family, they could afford twice as much due to a spouse.

Yes, but the point is, even "twice as much" still doesn't get you anywhere.

If my boyfriend and I were to buy a place together, on our incomes, according to the Halifax website, we would be allowed to borrow between £80,000 and £92,000.

In our area, that would be enough for this:

http://www.rightmove.co.uk/viewdetails-676...=1&tr_t=buy

Not really suitable for eventually starting a family in, is it?

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Yes, but the point is, even "twice as much" still doesn't get you anywhere.

If my boyfriend and I were to buy a place together, on our incomes, according to the Halifax website, we would be allowed to borrow between £80,000 and £92,000.

In our area, that would be enough for this:

http://www.rightmove.co.uk/viewdetails-676...=1&tr_t=buy

Not really suitable for eventually starting a family in, is it?

Dont you just get totally fecked off with it all. You both work your tails off , pay your taxes and all you want at the end of it is a decent home to hopefully raise a family. But no we are just the "want it all generation" and we should be happy with a 1/2 bed sh*thole at 5 times our salary

makes you wonder if its worth working at all............

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Want it all generation? :)

Just because a buyer maybe 34, it doesnt mean they deserve anything!

EDIT: Also if as you say a FTB at that age might have a family, they could afford twice as much due to a spouse.

Knob! Ever heard of child care? Thats about 400-600per month, and most couple don't earn the exact same wage.

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Dont you just get totally fecked off with it all. You both work your tails off , pay your taxes and all you want at the end of it is a decent home to hopefully raise a family. But no we are just the "want it all generation" and we should be happy with a 1/2 bed sh*thole at 5 times our salary

makes you wonder if its worth working at all............

everybody does, I am a homeowner and i want to see a crash, i want to move up the ladder, but not at these sort of prices.

it will happen, just gone on a bit long really. I know friends that have bought in the last few months, (2bedroom in shithole areas) saying how much their houses will be worth in two years, they are thinking 20 or 30% more!!!

where it will be 20 or 30% less in two years..

now, how happy would you be then if you were in their shoes,

You are lucky, you have got the sense not to buy.

But your time will come. it will happen. i have seen it all before, and the people are saying the same things now as they did then, ("Different this time", "won't let it happen", "can't happen", "employment is too low") i heard it all last time, i believed it all then, don't believe it this time.

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:lol: i couldn't even buy a frikken' shithole in sheffield if i was crazy enough to choose to, and as for the 'want it all' generation, a roof over mine and my family's head will suffice. i'll continue to speculate upon a house price crash and enjoy the £300 or so difference between rent/mortgage costs per month which is currently bolstering my savings...

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Want it all generation? :)

Just because a buyer maybe 34, it doesnt mean they deserve anything!

EDIT: Also if as you say a FTB at that age might have a family, they could afford twice as much due to a spouse.

Yes, but surely a FTB with a family has a few more costs than a 34 yr old with just a partner!

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.........ive spent over a decade in the army...and you think im only entightled to a sh1ttip now im out and a FTB........

Tony will proudly send "his brave young lads" off to get shot to pieces by Iraqi or Afghan insurgents.

And what better a hero´s welcome than to be told you´ve been priced out the market while fighting for your country.

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As the average FTB is now 34 is it unreasonable for them to aspire to at least a 2 bed house? When the average age for a FTB was 25, they would traditionally get a 1 or 2 bed flat, this was in the knowledge that their wages would probably rise and they would get married in a few years, therefore moving onto a bigger place.

I just get really fed up being told to lower my expectations, as if I should be happy to pay 4/5 times my salary for a pokey flat that I wont be able to afford to move out from and also my wages are unlikely to rise that much....

5 years ago I would have thought it laughable that I'd have to wait until 34 to buy my first home. Now that looks very likely. But mostly this will be because there is no point buying a 1 or 2-bed flat anymore. My first home will be a 3-bed house - minimum.

Everyone else has been sold the idea of the property ladder. They've bought their flats believing the dream and that within a couple of years they will be sailing towards the nice big detached houses their parents own.

There is no point buying FTB properties in your mid 30's

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"Want it Generation" is a good through away term, a good sound bite, easy to role off the tounge. In reality 1st time buyers are put in a situation where the most expensive item they will ever buy is historially at it's hightest average price. Nothing to do with greed or a sense of being owed something...

Totally agree DH. All the "we had it hard when we was your age " brigade forget that they all bought their houses on one person's wage. My old man used to live in Angel of Islington for £2.50 per week rent. He earned £5 per day digging the victoria line extension.

(Also love the avatar. The song about TV is why I don't own one now).

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Everyone else has been sold the idea of the property ladder. They've bought their flats believing the dream and that within a couple of years they will be sailing towards the nice big detached houses their parents own.

There is no point buying FTB properties in your mid 30's

Back to the point I raised earlier - HPC or not these 1/2 bed newbuilds have a lot of scope for falls & in the event of HPC will be the hardest hit.

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everybody does, I am a homeowner and i want to see a crash, i want to move up the ladder, but not at these sort of prices.

it will happen, just gone on a bit long really. I know friends that have bought in the last few months, (2bedroom in shithole areas) saying how much their houses will be worth in two years, they are thinking 20 or 30% more!!!

where it will be 20 or 30% less in two years..

now, how happy would you be then if you were in their shoes,

You are lucky, you have got the sense not to buy.

But your time will come. it will happen. i have seen it all before, and the people are saying the same things now as they did then, ("Different this time", "won't let it happen", "can't happen", "employment is too low") i heard it all last time, i believed it all then, don't believe it this time.

I was looking at buying around '95-'96. A place to live not an investment.

To be honest I thought the houses in my price range (£40k ish) were crap. There was no prestige to ownership back then. I remember friends moving into a three bed terrace with walls so thin you could hear next door snoring. They were crappy houses then, they are crappy houses now.

The only thing that has changed is the image associated with ownership. IMO this is a major factor in keeping shit houses expensive for so long. By not owning you feel second class, that's effective marketing at work don't underestimate its power. The tyranny of shoulds is always there telling you, "you're 34, you Should have bought by now, you're a failure."

If that's how you feel, they're winning!

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How low should we set our sights???

I am a university graduate on a higher than average income. My fiancee also works, for slightly less than the average income, but she will soon stop for at least 6 months to look after our little one due in six weeks. :o

As a graduate earning more than the average wage, is it not fair to expect an average house to be within my reach?

The only thing I can comfortably and sensibly afford is a tiny 1/2 bedroom terrace which needs some serious decorating/renovating.

At present we are in a 3 bed semi with a garage and a nice garden that is worth around 190K. It is in a really nice area, and we only pay £600pcm in rent.

Interest alone on a 190k mortgage woud be in excess of 800pcm.

I refuse to bring our baby up in a tiny house in a crappy area just so that we can get on the ladder.

My advise is: Don't let people wear you down, at the end of the day, you pay your money, and you live in your house. It really doesn't matter whether you pay the money to the bank, or a landlord, you still pay it!

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Knob! Ever heard of child care? Thats about 400-600per month, and most couple don't earn the exact same wage.

Ever heard of not wanting your children brought up by a spotty faced 18 year old that failed all her GCSE's which is why she'll put up with wiping arses for £5 per hour.

Funnily enough that's not my idea of living the dream, kids aren't for farming out between the hours of 9 to 5, they need a quality of life too.

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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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