Average house price is now £31k more than what it was last year. Absolutely fucked.
I feel totally hopeless in getting onto the ladder, with a good salary, no debts. Only way I can get on the ladder is if I move some 40+ miles away from where I work/want to be.
Mmmm Scotland is tempting
My heart goes out to anyone still holding onto a deposit. I came to the conclusion that I will never own a home and so I closed a 10K ISA last year that I spent 4 years making and I’m using it to travel. I hate to be the bearer of bad news but prices will never come down. Sorry
I bloody love living in the north when I see articles like this. 3 bedroom dormer bungalow with a driveway and big back garden cost us £155k in 2019. Recently renovated too. Absolutely insane the cost of living in cities.
£280k near me buys you anything like a 3 bed bungalow with massive garden or 4/5 bedroom semi or detached house with garage and big garden.
Article is basically trash because it all depends on location. If I moved the houses to any of those places mentioned in the article they’d be easily £100k more.
[deleted]
Over inflated prices across most of the UK, partly down to too many people. In Northern Ireland you could buy a three or four bedroomed detached house with a decent sized garden for those prices
3 bed houses in my neck of the woods cost around 800k.
I’m on a good salary as is my wife, but this is still nuts.
When I bought my first home a few years ago, family members were literally saying- to my face- that I hoped I knew what I was doing and to be careful I don’t get caught on the spike/go into negative equity/a crash is coming.
Having the lady-balls to go for it was probably the single best choice I’ve made in my life thusfar.
I genuinely feel bad for people with a deposit sat in an account doing nothing who is having to watch these figures every year. I undoubtedly got lucky, but then again everyone who is already on the ladder is lucky when it comes to property… And that’s the problem here.
Grandparents live on a cul-de-sac in a village, detached houses, they’ve got a garage that actually fits a car plus the drive onto it, two big bedrooms, two boxrooms, a large lounge, large kitchen, dining room/ conservatory, rear conservatory, an upstairs snug and two big front and back gardens.
It’s ‘worth’ about 20k more than an ex semi-council house where I live.
Work hard at school kids. Also understand the importance of savings and investments from a young age. You will need a really good job to get a house. The days of working for your local company and buying a local house are long gone.
That one in Leicester doesn’t seem right. £280k for a terraced in the East Midlands? I got a reasonably decent semi-detached in Nottingham for a lot less than that less than a couple of years ago.
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Average house price is now £31k more than what it was last year. Absolutely fucked.
I feel totally hopeless in getting onto the ladder, with a good salary, no debts. Only way I can get on the ladder is if I move some 40+ miles away from where I work/want to be.
Mmmm Scotland is tempting
My heart goes out to anyone still holding onto a deposit. I came to the conclusion that I will never own a home and so I closed a 10K ISA last year that I spent 4 years making and I’m using it to travel. I hate to be the bearer of bad news but prices will never come down. Sorry
I bloody love living in the north when I see articles like this. 3 bedroom dormer bungalow with a driveway and big back garden cost us £155k in 2019. Recently renovated too. Absolutely insane the cost of living in cities.
£280k near me buys you anything like a 3 bed bungalow with massive garden or 4/5 bedroom semi or detached house with garage and big garden.
Article is basically trash because it all depends on location. If I moved the houses to any of those places mentioned in the article they’d be easily £100k more.
[deleted]
Over inflated prices across most of the UK, partly down to too many people. In Northern Ireland you could buy a three or four bedroomed detached house with a decent sized garden for those prices
3 bed houses in my neck of the woods cost around 800k.
I’m on a good salary as is my wife, but this is still nuts.
When I bought my first home a few years ago, family members were literally saying- to my face- that I hoped I knew what I was doing and to be careful I don’t get caught on the spike/go into negative equity/a crash is coming.
Having the lady-balls to go for it was probably the single best choice I’ve made in my life thusfar.
I genuinely feel bad for people with a deposit sat in an account doing nothing who is having to watch these figures every year. I undoubtedly got lucky, but then again everyone who is already on the ladder is lucky when it comes to property… And that’s the problem here.
Grandparents live on a cul-de-sac in a village, detached houses, they’ve got a garage that actually fits a car plus the drive onto it, two big bedrooms, two boxrooms, a large lounge, large kitchen, dining room/ conservatory, rear conservatory, an upstairs snug and two big front and back gardens.
It’s ‘worth’ about 20k more than an ex semi-council house where I live.
Work hard at school kids. Also understand the importance of savings and investments from a young age. You will need a really good job to get a house. The days of working for your local company and buying a local house are long gone.
That one in Leicester doesn’t seem right. £280k for a terraced in the East Midlands? I got a reasonably decent semi-detached in Nottingham for a lot less than that less than a couple of years ago.