On the bright side granny can’t afford a nice bungalow now so there’s a greater chance the stairs do their job and you get that deposit money.
Swings and roundabouts
I bought my house for £138k in 2020 just before the markets went crazy (listed at £130k) and a similar house three doors down from me in my estate (albeit a corner property) was listed last year at £2xxxxxx. How anyone can get onto the property ladder in this market is beyond me.
Smells like 2008 all over again!
And we keep helping people who ask on here for advice about moving to NI from GB etc. These people are making it harder for local people to buy their own home and in many cases I’d say are landlords. Fuck them
We need to stop all the English immigrating here because our house prices are much cheaper and we’re just all round better people
Mean mode or median? And of houses on the market or estimated value of current houses
I moved abroad 5yrs ago because of the house prices.
For 1/4 of the price, you can get twice the house and three times the garden.
The issue is remote work, personally this price is not very expensive for me and my partner . And I’m sure lots of others who work for London remotely would agree. The wages in NI are terribly behind. It’s one of the big risks with remote working I think
If you think the purchase price is depressing, wait until you see what the mortgage works out at…
We are still miles away from the situation in 2007. Houses are relatively affordable and interest rates are still low in comparison to long term.
It is insane.
I have a 3 bed semi detached that’s gone up approx £8k per year in value in the 7 years I’ve owned it. Grand wee house, but absolutely not worth that. I wouldn’t pay what it’s “worth” now.
Little wonder so many young folks are pissing off to Aussie / NZ.
Who is buying houses at these prices? Houses near me are going for £700,000 I don’t understand who has the salary to buy these.
If you don’t own a house by now you’ve most likely been priced out forever.
Emoji in sentences for no reason are depressing for everybody
yeah, i am unbelievably fortunate in that my mum who owns her own house (worth c.£250,000) is going to let me buy it from her for something i can afford (c.£100,000) and she can continue to live there if she wishes. It’s a great house on a great plot of land so i know how i lucky i am, otherwise i would genuinely be fucked trying to find somewhere.
We bought our “starter home” 9 years ago for just over £150k. It needed a lot of modernising and we’ve put a lot into improvements.
The same house on my street with a much smaller garden and the same modernising needs are selling for £230,000.
Now that I’ve two kids and a desire to move to a 4 bed detached I’m looking nearly £500,000 for what I would deem to be the forever family home.
It’s all gone insane.
First time buyers typically aren’t buying average priced homes.
Everyone is gunning for pensioners to get the winter fuel payments. But hey, at least that generation benefitted from being able to buy a house for a fiver.
When we are all 80, do you think we will get fuel payments, never mind a pension? You must be having a laugh. We’ll all be working, freezing and starving until we’re dead.
The future fills me with dread.
I bought my first house for 130k in November 2023. (Completed on 26th May 2024)
42, made peace with the fact I’ll never own a home. Sadly.
We need to stop people owning multiple houses when folks can’t afford one. Anyone who rents out a house is artificially raising house prices for others
Ban private let 🙂
Why is it depressing? House prices almost always go up, it’s an indicator that there is growth in the economy….of some variety however small.
It’s not depressing nor exciting, it is simply a reality of our western free market economics.
Those in their homes see the value of their primary asset increase and those that took the risk to invest for rental see their increase on investment.
It is difficult for first time buyers, but there has never been a time in the modern era where it’s been easy for FTB. Talk to your parents who will remember near 20pc interest rates in the 80/90s, or the 70s when the UK required and IMF bailout where there was almost no disposable income after mortgage and food.
Don’t be depressed, we have all been there, and it got me down back 15 years ago too. It will be fine and when you get on the ladder you will have to manage that, but once you keep on top of it you will be fine.
Last word, keep your head up, being a FTB it’s a pain being in the hoop but it will be fine, but don’t be depressed, every generation has faced similar.
Flood the market with migrants to spike up property prices and rent. All a ploy by the rich to get richer
24 comments
On the bright side granny can’t afford a nice bungalow now so there’s a greater chance the stairs do their job and you get that deposit money.
Swings and roundabouts
I bought my house for £138k in 2020 just before the markets went crazy (listed at £130k) and a similar house three doors down from me in my estate (albeit a corner property) was listed last year at £2xxxxxx. How anyone can get onto the property ladder in this market is beyond me.
Smells like 2008 all over again!
And we keep helping people who ask on here for advice about moving to NI from GB etc. These people are making it harder for local people to buy their own home and in many cases I’d say are landlords. Fuck them
We need to stop all the English immigrating here because our house prices are much cheaper and we’re just all round better people
Mean mode or median? And of houses on the market or estimated value of current houses
I moved abroad 5yrs ago because of the house prices.
For 1/4 of the price, you can get twice the house and three times the garden.
Here’s an example:
https://www.hemnet.se/bostad/ovrigt-50rum-langshyttan-hedemora-kommun-solhemsvagen-9a-20582135
The issue is remote work, personally this price is not very expensive for me and my partner . And I’m sure lots of others who work for London remotely would agree. The wages in NI are terribly behind. It’s one of the big risks with remote working I think
If you think the purchase price is depressing, wait until you see what the mortgage works out at…
We are still miles away from the situation in 2007. Houses are relatively affordable and interest rates are still low in comparison to long term.
It is insane.
I have a 3 bed semi detached that’s gone up approx £8k per year in value in the 7 years I’ve owned it. Grand wee house, but absolutely not worth that. I wouldn’t pay what it’s “worth” now.
Little wonder so many young folks are pissing off to Aussie / NZ.
Who is buying houses at these prices? Houses near me are going for £700,000 I don’t understand who has the salary to buy these.
If you don’t own a house by now you’ve most likely been priced out forever.
Emoji in sentences for no reason are depressing for everybody
yeah, i am unbelievably fortunate in that my mum who owns her own house (worth c.£250,000) is going to let me buy it from her for something i can afford (c.£100,000) and she can continue to live there if she wishes. It’s a great house on a great plot of land so i know how i lucky i am, otherwise i would genuinely be fucked trying to find somewhere.
We bought our “starter home” 9 years ago for just over £150k. It needed a lot of modernising and we’ve put a lot into improvements.
The same house on my street with a much smaller garden and the same modernising needs are selling for £230,000.
Now that I’ve two kids and a desire to move to a 4 bed detached I’m looking nearly £500,000 for what I would deem to be the forever family home.
It’s all gone insane.
First time buyers typically aren’t buying average priced homes.
Everyone is gunning for pensioners to get the winter fuel payments. But hey, at least that generation benefitted from being able to buy a house for a fiver.
When we are all 80, do you think we will get fuel payments, never mind a pension? You must be having a laugh. We’ll all be working, freezing and starving until we’re dead.
The future fills me with dread.
I bought my first house for 130k in November 2023. (Completed on 26th May 2024)
42, made peace with the fact I’ll never own a home. Sadly.
We need to stop people owning multiple houses when folks can’t afford one. Anyone who rents out a house is artificially raising house prices for others
Ban private let 🙂
Why is it depressing? House prices almost always go up, it’s an indicator that there is growth in the economy….of some variety however small.
It’s not depressing nor exciting, it is simply a reality of our western free market economics.
Those in their homes see the value of their primary asset increase and those that took the risk to invest for rental see their increase on investment.
It is difficult for first time buyers, but there has never been a time in the modern era where it’s been easy for FTB. Talk to your parents who will remember near 20pc interest rates in the 80/90s, or the 70s when the UK required and IMF bailout where there was almost no disposable income after mortgage and food.
Don’t be depressed, we have all been there, and it got me down back 15 years ago too. It will be fine and when you get on the ladder you will have to manage that, but once you keep on top of it you will be fine.
Last word, keep your head up, being a FTB it’s a pain being in the hoop but it will be fine, but don’t be depressed, every generation has faced similar.
Flood the market with migrants to spike up property prices and rent. All a ploy by the rich to get richer