How do people afford houses in this day and age?

[Trumpet]

Picture 2, someone's bricked up the door to the lounge, must've taken the photo' through the window.

 

[Gramaisc]

There seems to be a notice on the front door, which may lead one to suspect that this may be being sold as a result of a repossession.

 

[tek-monkey]

So is this one, doesn't make it cheap though!

 

[shoes]

Urgh! You'd need to spend another £20k redecorating so that you didn't throw up every time you went home!

 

[tek-monkey]

Had a look at it the other day, do not use tape over everything and the garden is tiny. Its not a very big house anyway, but with the lack of garden I'm amazed they want so much for it. I know its detached, but who cares when your neighbours are that close anyway!

 

[Trumpet]

Im currently paying £475.00 a month in rent. So in theory im saving £477.00 per month.

As Gramaisc said, what will your rent be in 25 years time? Just had a look at my mortgage and see it will be paid off in 14 months time so will then be paying £000.00 per month for the rest of my natural.
Sorry if this sounds smug, it's not meant that way, just showing another side of the 'rent or buy' coin.

 

[UltraSBM]

I would love to buy a house, but since too many incompetent f*ckwitts over-loaded on credit, the 100% mortgage is temporarily dead
Pity, as I only finished uni when the credit crunch truly kicked in.

Selfish b*stards

Anyone wanna lend me £15k for a deposit?

 

[John Marwood]

I would love to buy a house, but since too many incompetent f*ckwitts over-loaded on credit, the 100% mortgage is temporarily dead
Pity, as I only finished uni when the credit crunch truly kicked in.

Selfish b*stards

Anyone wanna lend me £15k for a deposit?

at 20 per cent over priced the bastards may be doing you a small favour - for now..

 

[Alan B'Stard]

I would love to buy a house, but since too many incompetent f*ckwitts over-loaded on credit, the 100% mortgage is temporarily dead
Pity, as I only finished uni when the credit crunch truly kicked in.

Selfish b*stards

Anyone wanna lend me £15k for a deposit?

at 20 per cent over priced the bastards may be doing you a small favour - for now..

I'm inclined to agree with that, for several years there have been many frequent reports from varying sources, each stating that our housing stock is overvalued.

 

[Rikki]

We've not long bought our first house but it wasn't easy getting a mortgage. Even with £15k to put down and getting the house £15k below valuation we couldn't find anyone willing to offer us a mortgage on our own. This was due to myself being self employed and my gf on a 1 years contract. In the end we had to have parents act as guarantors (spelling?) but it did mean we didn't have to put any money down as the £15k purchase to valuation price difference was gifted to us for our deposit.

 

[Gramaisc]

my gf on a 1 years contract.

Now, that is a very good idea - possibly with a performance bonus incentive scheme..

 

[tek-monkey]

axl rose?

 

[John Marwood]

It maybe a very good time to develop a wheat allergy

You could save a fortune

 

[tek-monkey]

Even cheaper

 

[Trumpet]

my gf on a 1 years contract.

Now, that is a very good idea - possibly with a performance bonus incentive scheme..

Wish I'd thought of it.

 

[shoes]

Even cheaper

You'd have to be clinically insane to want to move there, surely?

EDIT: Before people start whining about eliteism I lived on Barnes Road for over a year and it was a shithole, the whole area is a total abomination.

 

[db]

well, me & the missus have pretty much resigned ourselves to the fact that we may well never own a house, which is a shame.. we like some of the benefits renting affords us (flexibility, reduced responsibility for maintenance, etc.) but the only real bugbear that comes back to us time & time again is the fact that we can never make a place feel like "home" because we can't really make any serious modifications (e.g. put a new kitchen in).. i mean, we could - i'm sure our landlord would love it if we paid for a new kitchen for her - but clearly we're not going to when we don't own the place..

ah well, them's the breaks..

 

[UltraSBM]

Even cheaper

You'd have to be clinically insane to want to move there, surely?

EDIT: Before people start whining about eliteism I lived on Barnes Road for over a year and it was a shithole, the whole area is a total abomination.

Even the "worst" places in Stafford don't have a patch on places like Stoke or Wolverhampton...I suppose it's just what people are used to lol.

Anyone who thinks it's a bad area should go and live in London for a while!!!

 

[shoes]

Fair point!

 

[tek-monkey]

True. When in Southampton people were amazed I dared to live in such a scutty area, I thought the place was great and the locals really friendly! Southern shandy drinkers