Ordinary folk can still get on if they can be bothered. Stop being so negative.
London Town, Ghost Town
- Thread starter JP_
- Start date
Ordinary folk can still get on if they can be bothered. Stop being so negative.
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sodthisforfun
Yes, while I agree with what you say about hard work, not everyone can have all the well-paid good jobs. There's still people out there on minimum wage, the shop workers, cleaners, road sweepers, the nurses (yep, can't afford London house price) and all of these people will struggle to ever buy a home the way it is today - esp in London and the S.East
40 years ago round my way, £100 was an average weeks wages.
An acre of land cost £1000.
Now £500 is an average weeks wages.
And an acre will cost a minimum of £10,000.
The land costs 10 times more and the wages only increased 5 fold.
As mottie says.... they don't make it anymore.
But they keep making people.
In 40 years from now it will become even more precious.
An acre of land cost £1000.
Now £500 is an average weeks wages.
And an acre will cost a minimum of £10,000.
The land costs 10 times more and the wages only increased 5 fold.
As mottie says.... they don't make it anymore.
But they keep making people.
In 40 years from now it will become even more precious.
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EddieM
Did you know the world's population is predicted to decline by 20% by 2100 (fat lot of use that is to most of us, accepted)
The UN publication 'World population prospects' (2017) projects that the world population will reach 9.8 billion in 2050 and 11.2 billion in 2100.
That looks like a rise.
I never said it was easier. You said "Not achievable on a mortgage even with quite a big deposit." I’ll ask you again, if it’s not achievable, why hasn’t the housing market stagnated? House prices will rise in line with what people are prepared and able to pay.
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EddieM
May not be sustainable, ticking time bomb of people being unable to repay the principal.
On our doorstep, west london:
Bushy park, Richmond park, Kew, Hounslow heath, Virginia waters, windsor parks, and many small hidden gems fantastic for children and families: Wimbledon park, turnham green, crane park, bedfont lakes, stanwell moore and many others.
because there are people with mums and dads willing and able to cough up a few hundred thou' and there are prosperous people who like to invest in BTL.
"According to the latest ONS data, the number of affordable homes delivered annually has barely shifted over 10 years, despite rocketing demand. The government figures show that there were 60,000 affordable homes supplied between April 2017 and March 2018."
Interestingly, the very profitable housebuilding companies like to hoard land and dribble it onto the market so that house prices remain high due to restricted supply.
In other news, housebuilding companies donate large sums of money to the Conservative Party.
In totally unconnected news, the Government's "help to Buy" scheme pushed up house prices and added billions (yes, literally billions) to the value of UK housebuilding companies, thanks to taxpayer subsidies.
"Chairman of Britain's biggest housebuilder resigns amid row over 'obscene' £800m bonus scheme for company executives
Published: 01:43, 16 December 2017 | Updated: 08:53, 16 December 2017"
"The company has also seen its stock market value soar due to the Government’s Help to Buy scheme and leasehold deals.
At the time of the launch of Help to Buy, Persimmon was worth £2.5billion, but last night the firm’s value had soared to £8.1billion. Half of the properties Persimmon sells are now through Help to Buy, which assists first time buyers with deposits and loans."
"Chairman of Britain's biggest housebuilder resigns amid row over 'obscene' £800m bonus scheme for company executives
- Ex-banker Nicholas Wrigley crucial in drawing up scheme for 150 executives
- Chief executive Jeff Fairburn will get shares worth £126million if targets are hit
- Scheme is controversial as there is no limit in amount of shares can be issued
Published: 01:43, 16 December 2017 | Updated: 08:53, 16 December 2017"
"The company has also seen its stock market value soar due to the Government’s Help to Buy scheme and leasehold deals.
At the time of the launch of Help to Buy, Persimmon was worth £2.5billion, but last night the firm’s value had soared to £8.1billion. Half of the properties Persimmon sells are now through Help to Buy, which assists first time buyers with deposits and loans."
In totally unconnected news,
(Reuters) - Berkeley Group Plc BKHG.L on Wednesday said its Chairman and co-founder Anthony Pidgley had sold stock worth 42 million pounds ($53.57 million) in the open market, but he still remains the British housebuilder’s largest individual shareholder.
The share sale, disclosed in a regulatory filing, showed Pidgley sold one million ordinary shares at a price of 42 pounds per share, representing a discount of 6% to the company’s last close of 44.69 pounds.
Following the sale, he holds 2.7 million shares in Berkeley, leaving him with a 2.1% stake in the company.
A Berkeley spokesman declined to comment on the reason for the transaction by Pidgley, who has been the company’s chairman for a decade.
https://www.reuters.com/article/us-...orth-54-million-in-housebuilder-idUSKBN1WV1J8
(Reuters) - Berkeley Group Plc BKHG.L on Wednesday said its Chairman and co-founder Anthony Pidgley had sold stock worth 42 million pounds ($53.57 million) in the open market, but he still remains the British housebuilder’s largest individual shareholder.
The share sale, disclosed in a regulatory filing, showed Pidgley sold one million ordinary shares at a price of 42 pounds per share, representing a discount of 6% to the company’s last close of 44.69 pounds.
Following the sale, he holds 2.7 million shares in Berkeley, leaving him with a 2.1% stake in the company.
A Berkeley spokesman declined to comment on the reason for the transaction by Pidgley, who has been the company’s chairman for a decade.
https://www.reuters.com/article/us-...orth-54-million-in-housebuilder-idUSKBN1WV1J8
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dontbelieveawordofit
affordable and value for money aren’t the same thing unfortunately.
a new build ‘affordable’ home around here is a 2 bed timber frame box ,125-130k with a kitchen not big enough to cook a christmas dinner in. no garage no shed and barely a garden.
if they are affordable why is the government still chipping in for 1st timers
present day builds make 90s timber frames look halfway decent. its a joke.
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