Interest rates up 0.5%!

[North Cardiff Blue]

Percentage of 16 - 34 year old that are homeowners

51% in 1991
24% in 2016

Salary as a percentage of average house prices
2000 - 2005 18%
2012 - 2017 12%

These are basic facts that cannot be denied. It is harder to buy a house now than it was in the past.

Source: https://www.moneysupermarket.com/mor...buyers-report/

That just shows how many people own a house?

It could be that youngsters then left school, jot a job, saved some money, bought a house, and now youngsters prefer to piss it up in university rack up debt, go on a jolly around the World for 3 years, come back and go time to settle now lets by a house, oh dear I can't i've got no savings an average job, shed loads of debt, and it's all the torries fault.

[North Cardiff Blue]

Percentage of 16 - 34 year old that are homeowners

51% in 1991
24% in 2016

Salary as a percentage of average house prices
2000 - 2005 18%
2012 - 2017 12%

These are basic facts that cannot be denied. It is harder to buy a house now than it was in the past.

Source: https://www.moneysupermarket.com/mor...buyers-report/

Salary to house price is a stupid measure, the mortgage rate was much more then, now it's peanuts, but not for long, so house prices will reduce.

https://uk.finance.yahoo.com/news/pr...063253579.html

UK average house price falls for the first time in a year to £293,221

[TWGL1]

Not a champagne socialist then.

Doing alright what does that mean, it's subjective?

You appear jealous, you have a deluded view that older people had an easier life?

Any amount, it's a free Country?

You've said before it's too hard for you to get on the market, because all the old people grafted and bought them?

It's the same sales process as the 70's I think, just as easy go to a solicitor they do the paperwork for you, probably a bit easier these days actually because they can send some forms via the internet, we had to keep going to the solicitors office.

Off topic slightly, when I was doing HNC business studies in night school, every Saturday I had to spend a few hours in central library researching topics for upcoming assignments.

Nowadays most reasonable research can be obtained from the comfort of your own home. Much easier IMHO

[delmbox]

That just shows how many people own a house?

It could be that youngsters then left school, jot a job, saved some money, bought a house, and now youngsters prefer to piss it up in university rack up debt, go on a jolly around the World for 3 years, come back and go time to settle now lets by a house, oh dear I can't i've got no savings an average job, shed loads of debt, and it's all the torries fault.

Name 3 young people that you know that been travelling round the world for 3 years

[SLUDGE FACTORY]

Name 3 young people that you know that been travelling round the world for 3 years

I ****ing hate tory students

[LeningradCowboy]

Salary to house price is a stupid measure, the mortgage rate was much more then, now it's peanuts, but not for long, so house prices will reduce.

https://uk.finance.yahoo.com/news/pr...063253579.html

UK average house price falls for the first time in a year to £293,221

Okay boomer.

[The Bloop]

Name 3 young people that you know that been travelling round the world for 3 years

Greta Thunberg for one 🙂

[splott parker]

That just shows how many people own a house?

It could be that youngsters then left school, jot a job, saved some money, bought a house, and now youngsters prefer to piss it up in university rack up debt, go on a jolly around the World for 3 years, come back and go time to settle now lets by a house, oh dear I can't i've got no savings an average job, shed loads of debt, and it's all the torries fault.

Yeah the Torries a obviously a bunch of tw*ts but I’ve not heard much about them, on the other hand those Conservatives are a right tribe of shite.

[North Cardiff Blue]

Name 3 young people that you know that been travelling round the world for 3 years

My mates two boys, and my other mate’s daughter. It might be extreme but plenty go for a year or so, lots take a year out too.

[goats]

Name 3 young people that you know that been travelling round the world for 3 years

I know quite a few, but I know quite a few hippy like people. Most worked though, like 7/8 months here then go to India for 4 months and live for peanuts all winter. I took a grand with me when I went to India, lasted me 2 months. When I was 19 I went off to Oz etc for 18 months but worked a lot, came home with about £4K saved which was enough to put a deposit down on a flat….
One big difference is the amount of debt most students rack up, back in 1990 ish most I knew had no real debts, some even had grants, not loans. Nowadays £50k is average isn’t it? That’s not a great way to start out is it…..

[North Cardiff Blue]

What I find fascinating with the tories on here is the weighting they place against various issues. So for example we have a £50 billion brexit bill to pay in addition to the £31 billion+ brexit is estimated to have cost in lost trade as of Q1 2021 (source - https://www.itv.com/news/2022-06-09/...research-finds) and probably a lot more on top of that, but this isn't a problem.

In addition the tories have added on around £1.4 TRILLION to the debt pile (the majority of this was before covid) via economically illiterate policies, this isn't a problem either.

But Gordon Brown cost us what, £10 billion 15 years ago and this is the problem! Incredible stuff.

Torries didn't vote for Brexit, the people did?

[Colin'sReversibleHat]

Torries didn't vote for Brexit, the people did?

*the Tory people did

[North Cardiff Blue]

I know quite a few, but I know quite a few hippy like people. Most worked though, like 7/8 months here then go to India for 4 months and live for peanuts all winter. I took a grand with me when I went to India, lasted me 2 months. When I was 19 I went off to Oz etc for 18 months but worked a lot, came home with about £4K saved which was enough to put a deposit down on a flat….
One big difference is the amount of debt most students rack up, back in 1990 ish most I knew had no real debts, some even had grants, not loans. Nowadays £50k is average isn’t it? That’s not a great way to start out is it…..

It's definately not, but the fees are only a part of it, most want to move away so rack up debts for housing in another City and enjoying themselves and good luck to them I hope they enjoy it. It bugs me when a few years later they say its all the governmets fault thecan't buy a house, no it's based your their life decisions.

[North Cardiff Blue]

*the Tory people did

It was a mixture, some torries, some labour some of the monster raving loony party.

[Colin'sReversibleHat]

It was a mixture, some torries, some labour some of the monster raving loony party.

https://lordashcroftpolls.com/2016/0...voted-and-why/

The right mostly voted to leave while the left mostly voted to remain, though I suspect you knew that anyway

[goats]

https://lordashcroftpolls.com/2016/0...voted-and-why/

The right mostly voted to leave while the left mostly voted to remain, though I suspect you knew that anyway

The demographic maps of what people voted for were quite revealing, places like London, Bristol, cardiff Birmingham etc all voted to remain, the more rural areas voted to leave like most of Wales for ie….obv plenty of oldies in the cities mentioned voted to leave also

[North Cardiff Blue]

Doucas was saying Brexit was the governments fault, I explained no it's the voters which is correct.

[North Cardiff Blue]

https://lordashcroftpolls.com/2016/0...voted-and-why/

The right mostly voted to leave while the left mostly voted to remain, though I suspect you knew that anyway

Doucas was saying Brexit was the governments fault, I explained no it's the voters which is correct.

[Colin'sReversibleHat]

The demographic maps of what people voted for were quite revealing, places like London, Bristol, cardiff Birmingham etc all voted to remain, the more rural areas voted to leave like most of Wales for ie….obv plenty of oldies in the cities mentioned voted to leave also

The thing that wrecked me most about the breakdown by locales were places like Blaenau Gwent and Merthyr Tydfil voting quite heavily in favour of leaving, you can't drive a couple of hundred yards in Merthyr without passing a European Regional Development Fund plaque! Absolutely mental, talk about biting the hand that feeds

[Claude Blue]

The thing that wrecked me most about the breakdown by locales were places like Blaenau Gwent and Merthyr Tydfil voting quite heavily in favour of leaving, you can't drive a couple of hundred yards in Merthyr without passing a European Regional Development Fund plaque! Absolutely mental, talk about biting the hand that feeds

And these ERD funds will in no way be replicated through the "levelling up" monies from this government, despite assurances from brexiteers at the time. More lies that fooled the gullible.

Good to see Mr. Sunak being honest about how his party do "levelling up" in his speech in Tonbridge Wells today. One can only hope that voters finally wake up to the dishonesty of the Conservative Party although I wont hold my breath.

[North Cardiff Blue]

Bad news for Landlords, but great news for first time buyers, it might not be 20% but a lot of people will start to panic and sell while the market is high and before their mortgage payments go up.

Mortgage valuations are already being down valued a strong indicator that they are worried that values will drop and they don't want to be sued in the near future for overvaluations.

So first time buyers, keep saving and get ready for when prices drop, it's almost your time!


https://www.dailymail.co.uk/news/art...ords-sell.html


Is Britain's buy-to-let and second homes bubble about to BURST? How rising mortgages and falling property prices are set to push up to 20% of landlords into selling... as building society limits lending for those who already have a house
New figures show as many as 20 percent of landlords are considering selling up some or all of their properties
They are being persuaded due to rising borrowing costs sparked by recent rises in interest rates, say experts
Landlords also face increases in the cost of their insurance and maintenance fees, according to lettings chiefs
It comes as new figures released today show how property prices fell month-on-month for first time in a year
Experts say landlords and second home owners may to look to sell while homes are 'at the top of the market'

[delmbox]

And these ERD funds will in no way be replicated through the "levelling up" monies from this government, despite assurances from brexiteers at the time. More lies that fooled the gullible.

Good to see Mr. Sunak being honest about how his party do "levelling up" in his speech in Tonbridge Wells today. One can only hope that voters finally wake up to the dishonesty of the Conservative Party although I wont hold my breath.

It's worth a link this because it really does sum up their attitude

https://twitter.com/BeardedGenius/st...OdSujVMrEnPvxg

You'd hope that they never get another vote from a poor or deprived area but turkeys will insist on voting for Christmas

[Claude Blue]

It's worth a link this because it really does sum up their attitude

https://twitter.com/BeardedGenius/st...OdSujVMrEnPvxg

You'd hope that they never get another vote from a poor or deprived area but turkeys will insist on voting for Christmas

Cheers. I must learn to do links!!

[goats]

The thing that wrecked me most about the breakdown by locales were places like Blaenau Gwent and Merthyr Tydfil voting quite heavily in favour of leaving, you can't drive a couple of hundred yards in Merthyr without passing a European Regional Development Fund plaque! Absolutely mental, talk about biting the hand that feeds

Yes and Caerphilly centre too, yet they voted leave without a clue who paid for it as seen on sky news at the time….

[goats]

Bad news for Landlords, but great news for first time buyers, it might not be 20% but a lot of people will start to panic and sell while the market is high and before their mortgage payments go up.

Mortgage valuations are already being down valued a strong indicator that they are worried that values will drop and they don't want to be sued in the near future for overvaluations.

So first time buyers, keep saving and get ready for when prices drop, it's almost your time!


https://www.dailymail.co.uk/news/art...ords-sell.html


Is Britain's buy-to-let and second homes bubble about to BURST? How rising mortgages and falling property prices are set to push up to 20% of landlords into selling... as building society limits lending for those who already have a house
New figures show as many as 20 percent of landlords are considering selling up some or all of their properties
They are being persuaded due to rising borrowing costs sparked by recent rises in interest rates, say experts
Landlords also face increases in the cost of their insurance and maintenance fees, according to lettings chiefs
It comes as new figures released today show how property prices fell month-on-month for first time in a year
Experts say landlords and second home owners may to look to sell while homes are 'at the top of the market'

Hardly anything on the market at the moment so it hasn’t started yet, although it has for the holiday let’s out west and up north after Drakefords latest wonder like policy. The slow death of Pembrokeshire has begun……having been involved in property for 30 years now I was always advised by people with far more knowledge than me to pay off mortgages as soon as possible as things can fluctuate very quickly….had a great piss up about 3 years ago when I paid the last bugger off.