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The Brexit Thread (LOCKED)
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 Mr_Gristle  In the land of Whelk Eaters 16 Nov 16 5.08pm |
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Originally posted by OknotOK
It is hard. But the point is valid to an extent. I struggle to understand how people can afford to live in most places within the M25, but there are areas outside. Stevenage, Hatfield, Hitchen all north of London have easy commutes into Kings Cross/Moorgate, for example. And you can pick up houses there for under £300k. There will be similar places East and South of London as well. They do exist. I pity the next generation - my three kids are going to be relying heavily on me either popping my clogs early or downsizing massively and giving them a bucketload. But at the moment it is still just viable Having spent some time in Hatfield, I agree that it's more reasonably priced than other areas. However there's a chasm between "under 300k" and what a lot of working people can get lent to them. Thanks for the discourse chaps, got to sign off for now.
Well I think Simon's head is large; always involved in espionage. (Name that tune) |
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| OknotOK Cockfosters, London 16 Nov 16 5.14pm |
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Originally posted by Mr_Gristle
Having spent some time in Hatfield, I agree that it's more reasonably priced than other areas. However there's a chasm between "under 300k" and what a lot of working people can get lent to them. Thanks for the discourse chaps, got to sign off for now. You did specify it was for yourself with a £50k salary and £10k, but I take the point. The problem is more likely to be your deposit than your salary actually. £10k is likely to be between 3% and 4% on the sort of properties you'd be looking at. And most lenders will be reluctant to lend with less than 5% and ideally 10%. And possibly your age I suppose if you've already been working 30+ years. Edited by OknotOK (16 Nov 2016 5.16pm)
"It's almost like a moral decision. Except not really cos noone is going to find out," Jez, Peep Show |
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| Stuk Top half 16 Nov 16 5.16pm |
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Originally posted by Mr_Gristle
I dont doubt that, but how many 3 bed gaffs come in at that price down here? Not many that's for sure, but there are shared ownership options. And I did state that it might not be the exact one you want from the start. Most first time buyers wouldn't need a 3 bedroom place.
Optimistic as ever |
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| nickgusset Shizzlehurst 16 Nov 16 5.28pm |
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Originally posted by Hrolf The Ganger
FFS There would be no issue without mass migration. It is pointless debating with people who just want to deny reality to uphold some loopy political ideology. Jeebers. You seemed to say that infrastructure like schools and doctors were built after houses because of migration. I said it was down to bad planning. Whilst I concede that migration affects housing it's got jack all to do with building infrastructure after houses are built. Are you suggesting that we would have no housing crisis if there were no migrants? Are you suggesting it's migrants' fault that the government house building programme has been nothing short of s***? Next it'll be Johnny foreigners fault that your broadband was down for an hour last week.
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 Cucking Funt Clapham on the Back 16 Nov 16 7.27pm |
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Originally posted by Hrolf The Ganger
All very well but at what point does it stop? Answer. It won't. It can only increase unless we enforce much tougher restrictions. A break from EU regulations and a reduction in numbers from Africa and Asia is required. And removal of a significant number of those already here.
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 Hrolf The Ganger 16 Nov 16 7.52pm |
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Originally posted by nickgusset
Jeebers. You seemed to say that infrastructure like schools and doctors were built after houses because of migration. I said it was down to bad planning. Whilst I concede that migration affects housing it's got jack all to do with building infrastructure after houses are built. Are you suggesting that we would have no housing crisis if there were no migrants? Are you suggesting it's migrants' fault that the government house building programme has been nothing short of s***? Next it'll be Johnny foreigners fault that your broadband was down for an hour last week.
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Kermit8  Hevon 16 Nov 16 7.54pm |
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Anyone who doesn't have four English born grandparents should be deported forthwith.
Big chest and massive boobs |
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| Mr_Gristle In the land of Whelk Eaters 16 Nov 16 8.34pm |
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Originally posted by OknotOK
You did specify it was for yourself with a £50k salary and £10k, but I take the point. The problem is more likely to be your deposit than your salary actually. £10k is likely to be between 3% and 4% on the sort of properties you'd be looking at. And most lenders will be reluctant to lend with less than 5% and ideally 10%. And possibly your age I suppose if you've already been working 30+ years. Edited by OknotOK (16 Nov 2016 5.16pm) Indeed, which is the crux of my point. I can get a mortgage and, despite the fortunate position I now find myself in, property ownership in the SE is inaccesible (perhaps a better semantic choice than "unaffordable" ). What does that mean for other income groups? Anyway, enough finger pointing. My view is that blaming this situation on EU freedom of movement conveniently moves the focus away from years of government's economic policies which have entrenched multiple property ownership as the one guaranteed way to generate decent returns on wealth. Apologies for earlier outbursts of sarcasm. Edited by Mr_Gristle (16 Nov 2016 8.35pm) Edited by Mr_Gristle (16 Nov 2016 8.40pm)
Well I think Simon's head is large; always involved in espionage. (Name that tune) |
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| Part Time James 16 Nov 16 9.36pm |
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Originally posted by Kermit8
Anyone who doesn't have four English born grandparents should be deported forthwith. Bollocks, I only have one nan left.
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| We are goin up! Coulsdon 16 Nov 16 10.04pm |
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Originally posted by Stuk
You'd pay less than that per month on a 225K mortgage, at present fixed term rates. True. Mortgage advisor here, almost all the first time buyers I see end up paying less on their first mortgage than they did on rent, whilst upgrading the quality of property.
The problem with socialism is that you eventually run out of other people's money. |
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| chris123 hove actually 16 Nov 16 10.16pm |
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Originally posted by We are goin up!
True. Mortgage advisor here, almost all the first time buyers I see end up paying less on their first mortgage than they did on rent, whilst upgrading the quality of property. I think the market will adjust before long.
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| Stuk Top half 16 Nov 16 10.30pm |
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Originally posted by Part Time James
Bollocks, I only have one nan left. Same here. But he said born, not living, so I'm in.
Optimistic as ever |
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| Mapletree Croydon 16 Nov 16 10.51pm |
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Originally posted by chris123
I think the market will adjust before long. Why? Will demand fall or supply rise?
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| legaleagle 17 Nov 16 12.14am |
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Originally posted by Kermit8
Anyone who doesn't have four English born grandparents should be deported forthwith. That's the Queen off for a start then
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| chris123 hove actually 17 Nov 16 3.50am |
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Originally posted by Mapletree
Why? Will demand fall or supply rise? Lack of affordability at the bottom end having a knock on effect.
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| Sportyteacher London 17 Nov 16 5.44am |
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Originally posted by Kermit8
Anyone who doesn't have four English born grandparents should be deported forthwith. Anyone also who doesn't read The Sun; Daily Mail or Daily Express should also be deported...
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| matt_himself Matataland 17 Nov 16 5.52am |
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Originally posted by Sportyteacher
Anyone also who doesn't read The Sun; Daily Mail or Daily Express should also be deported... I find it ironic that you and Michael claim so much to hate 'prejudice' and yet demonstrate your own prejudices so often and consistently.
"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02 |
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| Part Time James 17 Nov 16 6.48am |
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Originally posted by Stuk
Same here. But he said born, not living, so I'm in. Unfortunately my grandad was from Scotland. We don't talk about it.
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| matt_himself Matataland 17 Nov 16 6.58am |
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Originally posted by Part Time James
Unfortunately my grandad was from Scotland. We don't talk about it. Permit me to suggest that as you have distant relatives from Scotland, but have never lived there, why don't you bang on about being Scottish as if you were a combination of Robert the f***ing Bruce and Rab C Nesbitt, forcing myths, assumptions and carefully constructed bulls*** onto people when debating matters related to the Tartan Nation?
"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02 |
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| Part Time James 17 Nov 16 7.09am |
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Originally posted by matt_himself
Permit me to suggest that as you have distant relatives from Scotland, but have never lived there, why don't you bang on about being Scottish as if you were a combination of Robert the f***ing Bruce and Rab C Nesbitt, forcing myths, assumptions and carefully constructed bulls*** onto people when debating matters related to the Tartan Nation? Aye, ah ken, but get tae f*ck ya wee radge b*stard Edited by Part Time James (17 Nov 2016 7.10am)
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