Have a look at Berkhamsted if you want a laugh, that's where I live and it's bloody stupid. https://www.rightmove.co.uk/propert...1&minBedrooms=3&googleAnalyticsChannel=buying
My Son aged 30 has just gone from renting a flat with his girlfriend for £1000 per month to their first house near Winchester, cost £489,000.. gulp! When I got a m tage for Noodle towers it was £23k and I thought god how will I ever pay that off.. I know he’s got a good job etc but he’s also paying his 8 year student loan off by monthly payments straight out of his salary.. it strikes me if you get on with it and do well with your education your actually punished in the pocket for making the grade... x
Rising house prices are the result of increasing demand vs comparatively static supply ... but they also serve a most valuable purpose. Persons of modest means are doing as they are told, investing in bricks and mortar, and in order to be able to afford it, they work harder, for longer hours, to earn the cash they need. Working harder, for longer hours suits elites as it makes for a compliant, productive workforce. These persons of modest means have most of their wealth & energy tied up in a building! If housing were cheap, people would have time for other pursuits - education, travel, exposure to lifestyles other than the wage-slave one that elites wish for them. The wage slaves may even become unmanageable. Imagine if housing was cheap. A minor fraction of your income instead of an enormous financial, emotional and spiritual drain on workers and their families. Think about it.
Off to go on the council waiting list....live in a council property for a couple of years and put in a right to buy. Then buy it a a discounted rate. Jobs a good un.
Have you noticed that everything we are told we need - big TVs, iPhones, new kitchens, house ownership etc - has a material cost, requiring overtime at work, credit, etc ... ...whereas the things we actually do need - family, love, space, time for ourselves and others - seem to become increasingly difficult to achieve? Hmm. I wonder why?
Wife and I are approaching mid 30's. We had to look further and further afield when buying and ended up at the very border of where we were looking. £357k with parental help and we earn £90k before tax. House was tiny when we moved in. Borrowed another £150k to extend and now have a place worth over £650k. We've put ourselves at the upper limits of monthly outgoings but we are paying off huge chunks of debt each month and this is our home for life. We've our first child less than 2 months away. Credit cards are maxed but we juggle those for the interest free periods. Give it a few more years and hopefully we can have settled a lot of this debt and can get a nice safety buffer for future interest rate rises.
The bit that keeps being missed is years. When youngsters look at their parents with the mortgage paid off or close too, in a nice house, some toys etc etc and ask , "why can't I have that, the system is rigged". There seems to be a mind block by the young that those parents didn't have this when they were young either and had to work hard and take chances for 30 years to get what they have now
The instant gratification generation @noobie Maybe the derivation of the word 'Mortgage' should be explained to them. It literally means 'Death Pledge'.........you pay it for life. The instant gratification generation are different to my parents generation that accepted paying for their house for their full working lives.
I noticed Corbin saying the other week that labour if voted in would give free uni fees for all students, great! But what about those who are paying them back currently? The Government are always saying we need students to succeed etc to go on to be the new generation of Pioneers etc for the country’s future, well yes that’s fine, but then you go and repay those who have made the grade by making them pay it back! No wonder kids are getting put off going to uni .. why not make the drop outs and party goers pay their share.. Ok I may appear biased, but after spending 8 years at uni and forgoing a lot of the pleasures of his 20’s life etc to leave as a Doctor of both physics and nuclear physics and have a student debt of £58,000 hanging around his neck seems very wrong to me and many others too.. Like you say, you are punished for making the grade and those who, in some cases, use the student loan as an expensive bar tab and go onto achieve very little basically get away with it Scott free... Surely it would be better motivation wise if the Gov said, you achieve, then we will pay your fees by way of an investment for the Country and by way of reward to you the student for grasping the opportunity you’ve been granted.. Just my opinion... X
Yes, I can remember my Son because of the grades he had achieved at school and Sixth form being offered a place at Oxford, but, when he went to meet the prof there he was guided to a waiting room and sitting there were about ten more hopefuls waiting to see the Prof also.. the letter granting him his chance said “ dress as you feel comfortable” so he did, hoodie trainers and jeans, the others in the room were all dressed like Etonians and sat staring at our Stef like he came from another planet! When it was his time to meet the Prof he said he was delighted to meet the man dressed in jeans and a FEEDER t shirt.. Yes he was offered a place but turned it down on the basis that Durham was at the time the number one uni for Physics .. I also remember a Teacher called Mr Smith that we as parents met when Junior was about to start secondary school.. We really wanted for him to go to that school as he had been to the primary school there from day one, however we had moved house and were now out of catchment. We were honest and upfront about it.. Anyway this teacher told us we hadn’t a chance in hell of getting in.. it went to appeal and we didn’t give up. We organised a partition which other parents signed etc and eventually he got in.. The funny bit was though, the head teacher later reading of the achievements he had achieved at uni etc invited him back to the comprehensive school to talk to students there at assembly about Uni life and what he had brought him.. He did this and really enjoyed doing so. He was also introduced to the teachers many of those that were there when he was there. Meeting one Mr Smith again Stef said “ do you remember me? Or rather do you remember my parents meeting you? Even though you insisted they would fail to grant me my wish to attend this school they were determined to achieve our goal and that is my basis for achieving too, determined, never give up and work hard for your dreams.. they really put theirselves out in getting me a place here and also travelling the 12 miles each and every day to get me to this school, they made the effort and hopefully I too made the effort by way of thanks to them and also to the many great teachers here who encouraged me on my way” X
We are lovely. The guy next door is a miserable cnut (probably because he’s a golfer), but his partner is lovely too.
