Jump to content
House Price Crash Forum

How Many People Can Afford To Buy?


Recommended Posts

yeah I'd say the average working man with the average job and average salary probably isn't sitting at a PC browsing the web and reading this website on a tuesday afternoon.....

...he's too busy building those flats across the road. :P

the 15 "luxury" flats that are crammed into a space where there used to be a 5 bedroom house with garden :D

....notice they use LUXURY in everything advertisement related these days....what's luxury in a 1 bedroom flat that has only a view of the back of a garden shed that's in someone's garden!!!

Link to post
Share on other sites
the 15 "luxury" flats that are crammed into a space where there used to be a 5 bedroom house with garden :D

....notice they use LUXURY in everything advertisement related these days....what's luxury in a 1 bedroom flat that has only a view of the back of a garden shed that's in someone's garden!!!

Haven't you got a luxury mangle, yet? :P

Link to post
Share on other sites
We could afford it at 3x joint.

Can't bring ourselves to buy an overpriced asset in a third world country though...

Same here - we earn over £50K joint but would not buy, as doing so would affect our quality of life, esp if we wanted to have children at some stage! With ultra-low wage inflation, mortgages are a heavy burden for many years - unlike the 1970s!

We will not buy till after the crash.

Link to post
Share on other sites

Take home £1K per week. To buy the house we are currently renting would multiply my living costs by approximately 200%, yep, it would cost me three times what I currently pay to own this place. Nice though it is I think I'll pass.

Can put down £50K as a deposit but would need a multiple of 4 to stay in the area I am living. Could buy an over-priced flat at a multiple of 3, but I have just managed to flog one and have no intention of repeating the mistake.

Never, ever, buy a brand new leasehold flat, I regretted it every day until I managed to sell. Which took 12 months....and I got back what I paid....

Except for the property that doesn't, property always goes up... :blink:

Link to post
Share on other sites
Same here - we earn over £50K joint but would not buy, as doing so would affect our quality of life, esp if we wanted to have children at some stage! With ultra-low wage inflation, mortgages are a heavy burden for many years - unlike the 1970s!

We will not buy till after the crash.

I'm single and make over 50K but realistically (at normal multiples) can't afford anything more than a grubby 1 bedroom flat in the area of W. London where I live and work.

The 1 bedroom rabbit hutch "executive flats" in the new developments are way out my price range :wacko:

I scratch my head wondering who on earth are snapping the houses/flats up at these crazy prices!

:rolleyes:

Link to post
Share on other sites

No way--family of 3 with one salary uner 40K and no chance of going higher in the next 10 years. And even if I had a nest egg to put down as a deposit (we don't, living month to month and just barely hanging in there) it wouldn't necessarily make sense. I pay £450/month for a 2 bedroom house--if I bought the cheapest similar house going in the same cheap neighbourhood, it would be £120000 minimum so I'd be out more per month, plus paying my own maintainance costs etc.

Not unless pricees drop drastically.

Hope is what keeps me hanging around here! :P

Link to post
Share on other sites
No way--family of 3 with one salary uner 40K and no chance of going higher in the next 10 years. And even if I had a nest egg to put down as a deposit (we don't, living month to month and just barely hanging in there) it wouldn't necessarily make sense. I pay £450/month for a 2 bedroom house--if I bought the cheapest similar house going in the same cheap neighbourhood, it would be £120000 minimum so I'd be out more per month, plus paying my own maintainance costs etc.

Not unless pricees drop drastically.

Hope is what keeps me hanging around here! :P

Hope keeps you and the other circ 7000 members going. How long will we be kept waiting is the question. Does anybody have the answer.

Link to post
Share on other sites
Why does everybody always want a bigger house?

I've been looking at houses and to be honest I want a 1-bed house. Only thing that stops me liking them is the size - they assume you are starting out.

All I need is one room. If I could get a big studio, with the bed in a corner, a kitchenette and a small bathroom, that'd be it. Only heating and maintaining and cleaning 1 room is a cheap way to live. Realistically, I'll probably get a 2-bed house, open plan living space, conservatory, driveway. But even so I know I will never go into bed-2 ever. And, quite frankly, will probably nod off on the sofa most nights and not even make it to bed-1.

Not spending more than I need to on council tax, furniture, insurance, maintenance.

How many rooms in these bigger houses are you:

1) Never going to go into

2) Have "just in case XYZ" comes to stay

3) Filling with junk

When you look at the cost of the extra room - if you saved that money instead, you could:

1) Not have to spend out on curtains/carpets/lampshade/furniture to go in it

2) Afford to put up XYZ in a B&B instead - giving you all more space

3) Get rid of stuff you'll never use again

Minimalist living is the way forward. Don't over-consume. Keep your money for fun stuff.

Where's your ambition, SEW?

What's wrong with the traditional route to a rung on the housing ladder for someone in your position?

a. Find a nice person compatible with your sexual orientation who owns a house.

b. Marry them.

Worked for me.

Worked for loads of people I know.

It's the way forward. And if it doesn't work out;

c. Divorce them.

Hey Presto! - half a house! :lol::lol::lol:

Edited by Mr Yogi
Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.