brianthedog Posted November 22, 2011 Share Posted November 22, 2011 Radio 4 reckoned the average was nearer 37. Either way, it's a frighteningly high age. More pressure on the rental market will probably push rental prices up. Which will drive demand for these properties and push the values up. Nasty spiral - unless you're a landlord. Link to comment Share on other sites More sharing options...
love_rat Posted November 22, 2011 Share Posted November 22, 2011 As was said on newsnight, the 1st time buyer needs to rent and then save at the same time. Link to comment Share on other sites More sharing options...
Flowersfade Posted November 22, 2011 Share Posted November 22, 2011 I inherited a house at 18. Bought my own at 24 just over a year ago. Link to comment Share on other sites More sharing options...
Grandad.Malky Posted November 22, 2011 Author Share Posted November 22, 2011 Who failed to build new council houses between 1997-2010? You can`t shut the gate once the horse as bolted but perhaps you can try damage limitation. Although the scheme continued under Labour, the level of discount was capped by John Prescott at a maximum of £38,000. Until someone opens the gate again. It is expected that long-term tenants could now qualify for discounts of about 50 per cent, so that a tenant could buy a home worth £120,000 for just £60,000. Read more: http://www.dailymail.co.uk/news/article-2063513/Government-revive-Thatchers-Right-Buy-scheme-2m-council-houses-sold.html#ixzz1eSRaDHU8 Link to comment Share on other sites More sharing options...
Tony Posted November 22, 2011 Share Posted November 22, 2011 As was said on newsnight, the 1st time buyer needs to rent and then save at the same time. Quoted for truth. But what the hell, get the iPhone upgraded instead. Link to comment Share on other sites More sharing options...
Rupert_Baehr Posted November 22, 2011 Share Posted November 22, 2011 ... add that to the idea of giving away selling nearly a million council houses to build just 100.000 new ones. If a million council houses are to be sold, then presumably they will be sold to the million council tenants who occupy them. The number of people in the group who need council houses will fall by 1 million, exactly in line with the reduction in the number of houses. If 100,000 new council houses are built, then those additional houses will help to supply a demand from a smaller pool of potential renters. Where's the problem? Link to comment Share on other sites More sharing options...
Rupert_Baehr Posted November 22, 2011 Share Posted November 22, 2011 As was said on newsnight, the 1st time buyer needs to rent and then save at the same time. What's new about that? Before I bought my first house, I was living in rented accommodation. I had to save for the deposit. Just like most other people did. Link to comment Share on other sites More sharing options...
Conrod Posted November 22, 2011 Share Posted November 22, 2011 Quoted for truth. But what the hell, get the iPhone upgraded instead. It would be very easy to take the average income and produce a list of 'average' luxury expenditures that people just expect as part of normal life today - like iPhones, computers, cars, widescreen tvs, Sky subscriptions, Playstations et al, and to work out, per year, how much they could save (or pay in mortgage) if they didn't choose to spend on frivolities. The same goes for those on the lowest incomes - they're only poor if they spend badly. Link to comment Share on other sites More sharing options...
Grandad.Malky Posted November 22, 2011 Author Share Posted November 22, 2011 Where's the problem? Because people are waiting 20 years+ for a council house ……….. every one sold means a longer wait. Link to comment Share on other sites More sharing options...
Lady Star Posted November 22, 2011 Share Posted November 22, 2011 I could have bought a house in batemoor on shop girl wages 15 years ago - I finally did buy a house on call centre wages 9 years ago... If I was working in a call centre now, I could still afford this house... Not sure why you'd wait until 43, unless you were waiting for 'the house' in the best area, etc... Perhaps it's harder in the south where wages are weighted, but still out of step with house prices... Link to comment Share on other sites More sharing options...
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