That old guy stole my future (and other animals)

[Jon MW]

Is it such a bad thing that people might not be able to buy a house/flat and have to rent instead?

Seems to work out ok in other countries.

As long as rents aren't at silly levels and more was put into / social housing I'm not sure what the fuss is?

it's not a disaster but it's just common sense that if you pay a mortgage for 50 years (or less) you're left with a house to pass on,
but if you pay rent for 50 years and retire you're left with - more rent to pay

[redsimon]

Is it such a bad thing that people might not be able to buy a house/flat and have to rent instead?

Seems to work out ok in other countries.

As long as rents aren't at silly levels and more was put into / social housing I'm not sure what the fuss is?

it's not a disaster but it's just common sense that if you pay a mortgage for 50 years (or less) you're left with a house to pass on,
but if you pay rent for 50 years and retire you're left with - more rent to pay

Or you have to sell to pay nursing home or care fees?

[Jon MW]

Is it such a bad thing that people might not be able to buy a house/flat and have to rent instead?

Seems to work out ok in other countries.

As long as rents aren't at silly levels and more was put into / social housing I'm not sure what the fuss is?

it's not a disaster but it's just common sense that if you pay a mortgage for 50 years (or less) you're left with a house to pass on,
but if you pay rent for 50 years and retire you're left with - more rent to pay

Or you have to sell to pay nursing home or care fees?

It's still a no-lose bet

You either have to sell it for nursing care and are in the same boat as those who get the care paid for by the State

or you don't need the nursing care and you have the house - you can extend that to be more general but it still comes down to the worst case scenario for ownership is that you're left with the best case scenario of renting.

[Woodsey]

Is it such a bad thing that people might not be able to buy a house/flat and have to rent instead?

Seems to work out ok in other countries.

As long as rents aren't at silly levels and more was put into / social housing I'm not sure what the fuss is?

They should move to a cheaper area like the rest of us would.

[Jon MW]

Is it such a bad thing that people might not be able to buy a house/flat and have to rent instead?

Seems to work out ok in other countries.

As long as rents aren't at silly levels and more was put into / social housing I'm not sure what the fuss is?

They should move to a cheaper area like the rest of us would.

I think the 200 mile commute might get in the way of that


EDIT: also it still wouldn't necessarily make a difference for a lot of first time buyers on median wages - the cheapest property in Nottingham, for example, is considerably cheaper than the cheapest in the South East - but it'd still be out of reach unless you can find 10 or more years worth of savings all in one go to put the deposit down.
Two people buying together is considerably more affordable, but not everyone is in that position either

[Woodsey]

Is it such a bad thing that people might not be able to buy a house/flat and have to rent instead?

Seems to work out ok in other countries.

As long as rents aren't at silly levels and more was put into / social housing I'm not sure what the fuss is?

They should move to a cheaper area like the rest of us would.

I think the 200 mile commute might get in the way of that

Get a job in that area then. All these excuses are BS I'm afraid. For those that can't buy in London or whatever move out of London accept a lower salary and a standard of living that they can actually afford. The problem with some people nowadays is they are spoilt and want everything right now. I bet those same people moaning they can't buy the house they want, also have the latest I-phone, a big fk off tv, no shortage of holidays etc.

No shortage or decent houses here in the midlands for less than 100k, people can do it if they really want to, the problem is they don't really want to struggle, they want it all now on a plate for them.

[Jon MW]

Is it such a bad thing that people might not be able to buy a house/flat and have to rent instead?

Seems to work out ok in other countries.

As long as rents aren't at silly levels and more was put into / social housing I'm not sure what the fuss is?

They should move to a cheaper area like the rest of us would.

I think the 200 mile commute might get in the way of that

Get a job in that area then. All these excuses are BS I'm afraid. For those that can't buy in London or whatever move out of London accept a lower salary and a standard of living that they can actually afford. The problem with some people nowadays is they are spoilt and want everything right now. I bet those same people moaning they can't buy the house they want, also have the latest I-phone, a big fk off tv, no shortage of holidays etc.

No shortage or decent houses here in the midlands for less than 100k, people can do it if they really want to, the problem is they don't really want to struggle, they want it all now on a plate for them.

must be nice to be so good at your job that you can afford to quit, move somewhere else and find new work without having to worry about how you're going to pay for your living costs  in the meantime.  Must be nice in fact to just move somewhere and find any work without any difficulty.

And like I suggested it doesn't necessarily make that much difference. You say less than 100k as if that makes it affordable - you're looking at 15k to 20k deposit, even if people are lucky enough to be able to spend a grand a year on holidays that means 15 to 20 years without a holiday (obv that illustrates how much easier it is if 2 people are buying together) - but primarily it just means that even the 'cheap' property isn't really that cheap (and that's even before you have to persuade the bank to give you a mortgage in the first place)

[Woodsey]

Is it such a bad thing that people might not be able to buy a house/flat and have to rent instead?

Seems to work out ok in other countries.

As long as rents aren't at silly levels and more was put into / social housing I'm not sure what the fuss is?

They should move to a cheaper area like the rest of us would.

I think the 200 mile commute might get in the way of that

Get a job in that area then. All these excuses are BS I'm afraid. For those that can't buy in London or whatever move out of London accept a lower salary and a standard of living that they can actually afford. The problem with some people nowadays is they are spoilt and want everything right now. I bet those same people moaning they can't buy the house they want, also have the latest I-phone, a big fk off tv, no shortage of holidays etc.

No shortage or decent houses here in the midlands for less than 100k, people can do it if they really want to, the problem is they don't really want to struggle, they want it all now on a plate for them.

must be nice to be so good at your job that you can afford to quit, move somewhere else and find new work without having to worry about how you're going to pay for your living costs  in the meantime.  Must be nice in fact to just move somewhere and find any work without any difficulty.

And like I suggested it doesn't necessarily make that much difference. You say less than 100k as if that makes it affordable - you're looking at 15k to 20k deposit, even if people are lucky enough to be able to spend a grand a year on holidays that means 15 to 20 years without a holiday (obv that illustrates how much easier it is if 2 people are buying together) - but primarily it just means that even the 'cheap' property isn't really that cheap (and that's even before you have to persuade the bank to give you a mortgage in the first place)

Don't be daft, no-one in their right mind would snap quit their job and leave themselves high and dry. They would keep in their current job until they found a suitable one elsewhere.

10% deposit is enough, dunno where your getting 15-20% from. Just done a quick search on rightmove for houses below £80k within 3 miles of where I live, there was 76 pages of them, then again I doubt they would be good enough for the 'want it all right now' brigade 

[Jon MW]

Is it such a bad thing that people might not be able to buy a house/flat and have to rent instead?

Seems to work out ok in other countries.

As long as rents aren't at silly levels and more was put into / social housing I'm not sure what the fuss is?

They should move to a cheaper area like the rest of us would.

I think the 200 mile commute might get in the way of that

Get a job in that area then. All these excuses are BS I'm afraid. For those that can't buy in London or whatever move out of London accept a lower salary and a standard of living that they can actually afford. The problem with some people nowadays is they are spoilt and want everything right now. I bet those same people moaning they can't buy the house they want, also have the latest I-phone, a big fk off tv, no shortage of holidays etc.

No shortage or decent houses here in the midlands for less than 100k, people can do it if they really want to, the problem is they don't really want to struggle, they want it all now on a plate for them.

must be nice to be so good at your job that you can afford to quit, move somewhere else and find new work without having to worry about how you're going to pay for your living costs  in the meantime.  Must be nice in fact to just move somewhere and find any work without any difficulty.

And like I suggested it doesn't necessarily make that much difference. You say less than 100k as if that makes it affordable - you're looking at 15k to 20k deposit, even if people are lucky enough to be able to spend a grand a year on holidays that means 15 to 20 years without a holiday (obv that illustrates how much easier it is if 2 people are buying together) - but primarily it just means that even the 'cheap' property isn't really that cheap (and that's even before you have to persuade the bank to give you a mortgage in the first place)

Don't be daft, no-one in their right mind would snap quit their job and leave themselves high and dry. They would keep in their current job until they found a suitable one elsewhere.

10% deposit is enough, dunno where your getting 15-20% from. Just done a quick search on rightmove for houses below £80k within 3 miles of where I live, there was 76 pages of them, then again I doubt they would be good enough for the 'want it all right now' brigade 

I think the statistics for 10% deposit mortgage requests for first time buyers last year was that they were refused in well over 95% of applications. In theory it exists and for people who are already home owners it'll be accepted but it's almost impossible to go from renting to buying with only a 10% deposit.

All of your arguments are perfectly fine for about 20 years ago - not so much now

[Woodsey]

Is it such a bad thing that people might not be able to buy a house/flat and have to rent instead?

Seems to work out ok in other countries.

As long as rents aren't at silly levels and more was put into / social housing I'm not sure what the fuss is?

They should move to a cheaper area like the rest of us would.

I think the 200 mile commute might get in the way of that

Get a job in that area then. All these excuses are BS I'm afraid. For those that can't buy in London or whatever move out of London accept a lower salary and a standard of living that they can actually afford. The problem with some people nowadays is they are spoilt and want everything right now. I bet those same people moaning they can't buy the house they want, also have the latest I-phone, a big fk off tv, no shortage of holidays etc.

No shortage or decent houses here in the midlands for less than 100k, people can do it if they really want to, the problem is they don't really want to struggle, they want it all now on a plate for them.

must be nice to be so good at your job that you can afford to quit, move somewhere else and find new work without having to worry about how you're going to pay for your living costs  in the meantime.  Must be nice in fact to just move somewhere and find any work without any difficulty.

And like I suggested it doesn't necessarily make that much difference. You say less than 100k as if that makes it affordable - you're looking at 15k to 20k deposit, even if people are lucky enough to be able to spend a grand a year on holidays that means 15 to 20 years without a holiday (obv that illustrates how much easier it is if 2 people are buying together) - but primarily it just means that even the 'cheap' property isn't really that cheap (and that's even before you have to persuade the bank to give you a mortgage in the first place)

Don't be daft, no-one in their right mind would snap quit their job and leave themselves high and dry. They would keep in their current job until they found a suitable one elsewhere.

10% deposit is enough, dunno where your getting 15-20% from. Just done a quick search on rightmove for houses below £80k within 3 miles of where I live, there was 76 pages of them, then again I doubt they would be good enough for the 'want it all right now' brigade 

I think the statistics for 10% deposit mortgage requests for first time buyers last year was that they were refused in well over 95% of applications. In theory it exists and for people who are already home owners it'll be accepted but it's almost impossible to go from renting to buying with only a 10% deposit.

All of your arguments are perfectly fine for about 20 years ago - not so much now

Rubbish, they are still perfectly valid now. If they are getting refused mortgages it probably because of the 20k credit card debt they have getting it all now 

[doubleup]

For the umpteenth time, the reason people are getting refused mortgages is because they can't afford them on their true incomes.  Various dodgy intermediaries assisted by complacent lenders (fraudulently) exaggerated incomes for years. As Woodsey said, if you can't afford a house in London, look elsewhere for a job and a home.

[George2Loose]

Ur dreaming if you think it's that easy to switch jobs.

[Jon MW]

Also dreaming with the implied assumption that it's only unaffordable in London

[Woodsey]

Also dreaming with the implied assumption that it's only unaffordable in London

Of course not, its just the obvious example to use

[Woodsey]

Ur dreaming if you think it's that easy to switch jobs.

Nobody said its easy but it can be done.