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[Varche]

there are not enough and they are too pricey.

I think most people would agree.

Carney( Bank of England governor) says there is insufficient housing.

Clegg (an unimportant man) says "The government's Help to Buy scheme could be "pared back" if the Bank of England believes the housing market is overheating".

I read the other day about imaginative deals that were being done so that people could magically afford a mortgage. It is Fanny Mae all over again!

Does anyone remember crippling interest rates at 15%?
Does anyone remember two point five your salary for a mortgage maximum.?

There is a bit of deja vu with it all.

[Stemo]

I have absolutely no sympathy for people that take on a mortgage that they know they can't afford. The banks cannot lose because, whatever happens, they own the property until every last penny is paid.
Before I committed I would look at almost every eventuality. I would not risk putting my family through the heartache of a repossession.

[chrisgixer]

I don't agree that theres not enough houses, as such. More that the levels of immigration are way too high. There isn't enough room on the island to build to the level required for the existing population.
 Further, the houses that are being built are so crammed in to the available space, I wouldn't want to live there anyway.

Help to buy has fuelled the housing market. First time buyers are the foundation, as they are the foundation of it. Everyone else then moves up from there.

Too many buyers for the number of houses on sake, mostly due to immigration.
An economy and job market so restricted first time buyers need help.
The simple fact we live on a small island.
AND THE ONE EVERYONE MISSES, seasonal variations. EVERY YEAR its the same. End of spring, house prices rise and tale off towards Xmas. EVERY year its the same in that the media focus on the short term rise and ignore the year long over view. Which still shows a rise, but it's far more of a steady increase than they'd have you believe.
Also, house prices where fairly static during the early parts of the recession. So a surge on news of a recovery is inevitable.

While there may be slight concern, especially for younger buyers(edit to add, ok its more than slight for them), it is just that. Slight. If an over all view is taken.

Personally I'm thankful that there is something left worth investing in. Pensions are bollardsed, stocks and shares are way more risky than they used to be. What else is there? A savings account?

Interest rates are of far more concern IMO, and Carney still thinks he's in bloody Canada. Where there a whole valley per person available in space.

We simply can't build 230,000 homes a year, every year. There isn't room.

We can restrict sales to uk citizens though. And that will slow prices down in London massively.

[Field Marshal Dr. Opti]

there are not enough and they are too pricey.

I think most people would agree.

Carney( Bank of England governor) says there is insufficient housing.

Clegg (an unimportant man) says "The government's Help to Buy scheme could be "pared back" if the Bank of England believes the housing market is overheating".

I read the other day about imaginative deals that were being done so that people could magically afford a mortgage. It is Fanny Mae all over again!

Does anyone remember crippling interest rates at 15%?
Does anyone remember two point five your salary for a mortgage maximum.?

There is a bit of deja vu with it all.

Yes. When we bought our first house in 1990 rates were 15%. We actually paid 16.5% for the first year because we had a 100% mortgage.

[tunnie]

I don't agree that theres not enough houses, as such.

Yup, i'd agree with that, more than enough on the market when we were looking for our first house. 

[Rog]

Does anyone remember crippling interest rates at 15%?
Does anyone remember two point five your salary for a mortgage maximum.?

Damn right ! Buying our first place pretty much soaked up all of our cash, all of it !

The formula for mortgages at the time was fairly sensible and worked, combined with a realistic deposit requirement.

Not easy, but worth it in the long run

[Rog]

I don't agree that theres not enough houses, as such. More that the levels of immigration are way too high. There isn't enough room on the island to build to the level required for the existing population.
etc
etc
Personally I'm thankful that there is something left worth investing in. Pensions are bollardsed, stocks and shares are way more risky than they used to be. What else is there? A savings account?
etc
etc
We simply can't build 230,000 homes a year, every year. There isn't room.
etc

Yep, spot on Chris, all of it.

The problem is that politicians find it all a bit unpalatable to deal with and shut their eyes in the knowledge that they will be out of power and possibly dead by the time it all gets to crisis point.

[Varche]

I have absolutely no sympathy for people that take on a mortgage that they know they can't afford. The banks cannot lose because, whatever happens, they own the property until every last penny is paid.
Before I committed I would look at almost every eventuality. I would not risk putting my family through the heartache of a repossession.

Strictly speaking that isn't true. When all the toxic debts (bad loans) hit the fan last time round the banks in effect had to write off the money which affects shareholders,pension plans etc. True they own the property but as many banks are finding in Spain it doesn't mean much. Property prices have dropped so much that even the banks cannot give them away at rock bottom prices.

If the overall population of the Uk is increasing year on year, for whatever reason- immigration included , then it stands to reason that more properties are required each year unless people agree to share properties more. Whilst there are a lot of live at parent home youngsters than some years ago, it is still the aspiration to get a place of their own.

Maybe the answer is to encourage business to set up in less populated parts of the kingdom where new garden cities would look amiss.   

[tigers_gonads]

The basic problem is 2 fold imo

1/. Too many people in this country so immigration needs to be stopped immediately and British born citizens should be given priority on all jobs if they have the skills set.

2/. Because of the supply problem, landlords can charge what the opps they like because they will always find a tenant.
This in turn has forced the market value of property through the roof to the point that the average man or woman cannot get on the property ladder and are forced to rent, long term.

When a small (Barret house sized) 3 bedroom semi detatched rabbit hutch with a postage stamp sized garden costs over 200 grand darn saarf and most other parts of the country, how is anybody in this nightmare age of employment going to find the 10% deposit ?

[Varche]

The basic problem is 2 fold imo

1/. Too many people in this country so immigration needs to be stopped immediately and British born citizens should be given priority on all jobs if they have the skills set.

2/. Because of the supply problem, landlords can charge what the opps they like because they will always find a tenant.
This in turn has forced the market value of property through the roof to the point that the average man or woman cannot get on the property ladder and are forced to rent, long term.

When a small (Barret house sized) 3 bedroom semi detatched rabbit hutch with a postage stamp sized garden costs over 200 grand darn saarf and most other parts of the country, how is anybody in this nightmare age of employment going to find the 10% deposit ?

So what would you suggest as a solution?

[Rog]

When a small (Barret house sized) 3 bedroom semi detatched rabbit hutch with a postage stamp sized garden costs over 200 grand darn saarf and most other parts of the country, how is anybody in this nightmare age of employment going to find the 10% deposit ?

Try again, that's way out. For anywhere near commuting distance to London, £200k may just about get you a small flat somewhere, unless you are happy to live in a real s**t**le . I was in Tooting last week and looked in an estate agent window and modest flats in converted buildings were advertised at £400k +  My daughter lives in Dorset, same thing flats £200k +.

[tigers_gonads]

The basic problem is 2 fold imo

1/. Too many people in this country so immigration needs to be stopped immediately and British born citizens should be given priority on all jobs if they have the skills set.

2/. Because of the supply problem, landlords can charge what the opps they like because they will always find a tenant.
This in turn has forced the market value of property through the roof to the point that the average man or woman cannot get on the property ladder and are forced to rent, long term.

When a small (Barret house sized) 3 bedroom semi detatched rabbit hutch with a postage stamp sized garden costs over 200 grand darn saarf and most other parts of the country, how is anybody in this nightmare age of employment going to find the 10% deposit ?

So what would you suggest as a solution?

I'd go for the first point.
We, as a nation need to devalue property across the board and bring it back to a point were the average person can afford to buy.
You can't just go upto a landlord or owner and say your property is now worth half what you paid for it because they would be riots on the streets.
There is no way any political party is going to make a policy up that devalues what some folks have worked so hard for to get in the first place because whether it is for the greater good or not, politicians think only of themselves.

At the end of the day, its down to supply and demand.
If the demand is not there, then the owner will be forces to drop the price to move the property on   

[05omegav6]

Should have kept my boat perhaps... In the meantime living at home is the only viable option...

Put another way, I prefer to live at home than pay £800 a month to live in a studio in a building full of drug addled retards

[tigers_gonads]

When a small (Barret house sized) 3 bedroom semi detatched rabbit hutch with a postage stamp sized garden costs over 200 grand darn saarf and most other parts of the country, how is anybody in this nightmare age of employment going to find the 10% deposit ?

Try again, that's way out. For anywhere near commuting distance to London, £200k may just about get you a small flat somewhere, unless you are happy to live in a real s**t**le . I was in Tooting last week and looked in an estate agent window and modest flats in converted buildings were advertised at £400k +  My daughter lives in Dorset, same thing flats £200k +.

And that's my point Rog, sadly most southerners think anything north of Watford is Scotland 
Were I live, 200 grand gets you a nice 50 year old 3 or 4 bedroomed house with plenty of land 
If you really have to work in London or the south east, its 2 1/2 hours down the road from my house.
Pop over the Humber bridge, onto the A46 to Newark then down the A1 
Some people spend 2 hours on a piggin train / underground or sat in a car to commute into London, 5 days a week.

[Rog]

And that's my point Rog, sadly most southerners think anything north of Watford is Scotland 
Were I live, 200 grand gets you a nice 50 year old 3 or 4 bedroomed house with plenty of land 
If you really have to work in London or the south east, its 2 1/2 hours down the road from my house.
Pop over the Humber bridge, onto the A46 to Newark then down the A1 
Some people spend 2 hours on a piggin train / underground or sat in a car to commute into London, 5 days a week.

Understood completely, thats why I've just moved 230 miles to West Wales ! . . . well not completely moved yet I still need to spend time in London for another month or so, but got the house in Wales