Most of us paid market price for our homes
So you admit you are envious of my position!
Most of us paid market price for our homes
No, I am sympathetic to young people who find it very difficult, or impossible, to buy a home.So you admit you are envious of my position!
FFS. Worra dick.So you admit you are envious of my position!
So you admit you are envious of my position!
Deary deary me, you don't half show your ignorance around all this with comments like that.All with 105% mortgages like the good old days.
Not.
Depends where you live.A quick bit of Googling shows that a first home for many in the 1960s was a bog standard 3 bed semi, which cost about 2.5 times annual salary. The same type of house now costs about 7 times annual salary.
PHEW!4.8x average salary.
Are you saying 20% is not a standard down-payment these days?Deary deary me, you don't half show your ignorance around all this with comments like that.
If you are using the average salary at least use the average house price. At around £200k with £28k salary that is a ratio of over 7.Average salary in Scotland ~£28k
The 3 bed I mentioned, £135k
Yep price crash is deffo what's needed.I am 100% confident that everyone in this thread would not want to benefit from an increase in property value.
'Hello, is that Mr Noseall? It's the estate agent here. We now have the valuation on your property. You know, the property your parents bought in 1976 for £10k. It's been valued at £320k so we suggest putting it on the market for £310k with a view to achieving £300k. Is that ok with you?'
'Absolutely not!!! It's abhorrent and immoral how much the property has gone up in value. Please put it on the market for £150k and not a penny more my good lady!'
Yes, that's what you'd all do, isn't it
Depends where you live.
Average salary in Scotland ~£28k
The 3 bed I mentioned, £135k
4.8x average salary.
Yes more than 2.5 but not as high as 7.
I'm still waiting on someone telling me what kind of (fair to all) scheme should be brought into law to ensure property price increases are capped, and also the sales price.
I don't have to thanks.If you are using the average salary at least use the average house price. At around £200k with £28k salary that is a ratio of over 7.
Not me, I'd ensure there was more low cost council housing/housing association homes available. No one is claiming everyone should get a £200k house for free.Yes, that's what you'd all do, isn't it