Taking possession of something you own.

[ajohn]

But interestingly, the wages/house cost unaffordability gap has conspicuously not opened up so much in Scotland.

In Scotland different areas need to be considered. An average house price is meaningless in many areas.

The majority of sales in Birmingham during the last year were semi-detached properties, selling for an average price of £280,655. Terraced properties sold for an average of £218,899, with flats fetching £160,239.
Overall, sold prices in Birmingham over the last year were similar to the previous year and 4% up on the 2021 peak of £258,975.

You could easily add near £100k to the price of a 3 bed semi in a more popular area. I checked one particular area where the house is on a road which is a major bus route. I had hoped to see what has happened to some rather nice detached houses on the same road.

The NOS do a report on it in B'ham

Housing prices in Birmingham

How average house prices and rents are changing in Birmingham

www.ons.gov.uk

You'll see there is some slight adjustment of prices probably driven by large increases in rental costs. Those make getting a deposit to buy harder. Also B'ham appears to usually meet it's house building targets. Usually by crowding more into areas that were spacious. Large green areas around high rises and well spaced council houses etc. Knock the lot down and rebuild matchboxes.

It's the same everywhere. House prices one way or another are dependent on affluence = jobs effectively.

 

[JohnD]

In non-affluent areas, earnings are also low.

The averages give an overall picture that helps explain why housebuying is harder for young people today than it was 50 years ago.

A fact that some oldies attempt to deny.

 

[Brigadier]

You really need to see a doctor about your obsession.

Are you uncomfortable with having your hypocrisy pointed out?

 

[Harry Bloomfield]

Are you uncomfortable with having your hypocrisy pointed out?

Are you uncomfortable about having your strange obsession with me pointed out? Keep in mind - I don't need to hide behind a forum name corporal.

 

[noseall]

Life shouldn't be put on a plate for people....

Like it was back in the day, eh. Good jobs, great pensions, cheap houses. Those retiring over the past 20 years or so have never had a period of time so good.

 

[Brigadier]

Are you uncomfortable about having your strange obsession with me pointed out?

It is only you that is uncomfortable, in having your heavily-edited version of events clarified

 

[Harry Bloomfield]

Good jobs, great pensions, cheap houses. Those retiring over the past 20 years or so have never had a period of time so good.

Do take off your rose tinted glasses - damned hard work, long hours, short holidays, no holidays in the sun, no car at the door, no TV, cold homes, no baths, toilets down the street, no supermarkets full of food, go back far enough and food on ration.

 

[JohnD]

Do take off your rose tinted glasses - damned hard work, long hours, short holidays, no holidays in the sun, no car at the door, no TV, cold homes, no baths, toilets down the street, no supermarkets full of food, go back far enough and food on ration.

And half-price houses for a lucky few.

 

[JohnD]

And that is where private LLs are supplying a service by providing housing for these people.

What a shame there is a shortage of decent social housing at low cost for people of slender means.

 

[JonathanM]

And that is where private LLs are supplying a service by providing housing for these people.

And that's why the no fault eviction is no longer suitable. When it was introduced, the private rental market was very small, and no fault eviction tenancies were intended to be a small percentage of that small market. They are simply not suitable for most people, in particular families with children who need stability. Having the threat of being told to leave your home, for no reason, hanging over you, is extremely damaging.

 

[ajohn]

The averages give an overall picture that helps explain why housebuying is harder for young people today than it was 50 years ago.

There is a simpler reason - the deposit and rental prices. My son and his lady recently bought a property. They did rent but landlord pointed out he would want the house back when his son returned from Canada. Might be other real reasons. Decent landlord but had to wonder when part of the deal when they moved in was to fix a slight problem with the roof. Terraced and some let to students, several would live in one. Better student accommodation than my son achieved while at uni but as houses go somewhat cramped.

She is a nurse, He's into accountancy but also has a small business he started as a job proved difficult after uni even with a 1st class honours. He probably earns less than her but the business means a bit more in total.

They needed £20k plus for a deposit. That's often the problem. Mortgage costs somewhat higher than rent. Deposit came from mum and dad, a granddad and a stepdad. The house is an older compactish semi in decent order. Saving that amount has a tendency to be a moving goalpost. Neither could live without their mobile phone contracts and the ladies car was an oil burning Peugeot well past it's best. Neither could be regarded as extravagant. Neither of them earn the UK average wage yet both have decent jobs. Lots of people don't make the so called average wage. Jointly they exceed it. A single person will generally need a higher salary.

Ist expense now they have moved is a better car. Prior to that she could walk to the hospital. Then comes changes on the house but they haven't over stretched themselves. He is doing the bulk of that work himself.

 

[aveatry]

Its interesting, every time there is a presenter on lefty LBC that does a renting phone in they usually start with an interview with the labour activists that are generation rent. Then when the phone lines open up the presenter quickly gets schooled on the reality that landlords are not greedy evil money grabbers - well just like what has happened on here actually. The left spout the usual stuff they have been fed and believe it all and are happy to try and propagate the same myth, I am glad some on here have learnt something.

 

[noseall]

blah, blah, blah...

Lesson learned for an RWR - never rely on a headline and always read on to the boring but truthful bits. Stop reading The Wail.

 

[motorbiking]

What a shame there is a shortage of decent social housing at low cost for people of slender means.

Do you think people have a right to expect other people to pay to provide them with a nice place to live?

 

[JohnD]

Perhaps you're right, and the homeless poor should live and die in roadside ditches.

Or perhaps you're wrong.