VAT to be cut according to this....

Can you lend me £50k to do em up though?

 

No because I'm spending that money gradually doing my house up instead after lowering my expectations and buying a home that needed work although it costs much less than £50k

 

One for homes under the hammer I think.

 

Have a feeling these will go for far more though.

 

Yep, those are starting price at auction. Similar houses sold for 70k on the same street.

 

Covid 19 would suggest the reverse .

 

Interesting article here
https://www.tepilo.com/blog/2018/03/home-ownership-through-the-ages-first-time-buyers-then-and-now

 

They will do but 70k is still extremely affordable if someone is willing to make sacrifices.

 

It will be for some people who are currently saying they can't afford it, yes for loads of others it won't be. I don't think anyone could spend less money on stuff than me, I'm the absolute queen of bargain hunting/doing without things. The one exception is my season ticket and I probably wouldn't spend on that each year if my husband didn't just renew it (probably just wants me out of the house). The reason I'm saying that, is that I get all about sacrifices and it astounds me the money that I see people spending on things but even still, I see people who could never save £7k. I know quite a few single mums, I know people who save all their money and don't buy anything 'luxury' at all but are bankrolling their parents who are in debt, I know people who are in terrible debt themselves who are struggling every day to keep their head afloat. If you don't have parents who you can live with and help you out then once you've started renting somewhere there's not a chance you can save for a deposit, the rent takes pretty much the entire salary. You could try and move further out but then you need a car to commute and if you have no money then you can't afford the new signing fee, deposit, two months rent plus a car and all associated running costs (if you've been able to afford the driving lessons in the first place). I'm not sure you really understand how poor some people are and not through their own fault, the fact that you can say 7k is easily affordable proves that.

 

I'm talking about for the general public though who just say they couldn't save money but splurge on other things. Of course there are some who can't for a variety of reasons such as those listed by you but they're the minority bit the majority and the way it is portrayed in the media isn't that some can't afford to because they've commited to over things, it's that the general public can't which isn't true especially round here.

All I'm saying is that there's a lot of people who are claiming they won't ever be able to afford a house who are only doing so because they overlook the cheaper houses as being not good enough for them and because they refuse to make sacrifices.

Telling them they're right is the wrong message, it gives them an excuse to blow their money because if they won't be able to afford to save enough then why save at all?

At my work we've got a few who say they will never be able to buy a house. One wears more gold than the queen, one spends more money on booze, fags and weed than I do on my mortgage and another drives a Merc on finance at £400 a month.
Then there's a single dad who spent just over a year having no takeaways at all, cancelled his sky and didn't go on holiday. Saved up £5k and bought a £50,000 small two bed house.l on minimum wage. Another, again a single dad, when we have a takeaway for lunch on a Friday he says no. Gave up going out with friends for a while. Moved from his nice rented property to a smaller rented one in a worse area to save £100 a month on rent and has had an offer accepted on a house last week for just over £60k.

 

The problem is the "want it now " attitude .
My parents couldn't afford their first house until they were 52 and 50 respectively and that was helped with an inheritance (I can feel the angst already) .
It was the way it was in poor old Barnsley .

 

Sorry JD
But you being naive in quoting average wages .
Factor in the low wages against the very high wages .

 

Yeah I know but it was average house price too which has the same problems.

 

Sorry memory fade , 49 and 47 .