Where about s do you like for houses to be so cheap? The cheapest where I live is 250k. Currently priced out and rents are skyrocketing…….
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In a very run down poor area on the coast
Thanks for getting back to me.
Do you think the bubbble is go8 g to burst?
I am of an age where I do recall houses being affordable, though I was too young to buy one as I was still at school. This is back I. The day where 50p for a loaf of bread from the local garage was co soldered an expensive waste of. Money
The last 20 years have really screwed a generation of people.
A friend looked at buying a house on my street, literally a few doors down from me. It has gone for at least £70,000 more than I paid for mine 4 years ago.. even taking into account the average rise of house prices in our area of the uk, offers have gone way past that. I can’t imagine the mortgage valuation would be approved but even if it was I’d be terrified of ending up in negative equity. It really is madness at the moment.
Lenders valuation compared to what buyer will pay aren’t always the same. If people are over paying it doesn’t make it actually worth anymore to the bank.
My mom bought the land for our house at 30,000€ in the early 2000s and built it for under 200k. The same house and the others in the area now start at 1 Million. Which means that not a single original buyer in our neighbourhood would have been able to buy it. Pure madness
That’s the same where I am. My grandparents wanted a 2 bed bungalow and it was cheaper for them to buy a 4 bed detached house. It’s a joke. My mortgage is double what a bungalows would be and I’m in a 3 storey new build (£180k). There’s just no logic in these prices especially when bungalows are often made for the disabled/elderly. The worlds gone mad!
Bungalows are always in high demand as they’re popular with those with mobility issues. Developers rarely build them though as they don’t make sense, need more land for the same square footage as a 4 bed, so always attract a premium, genuinely can’t remember when I saw any new build bungalows (that weren’t a one off build by someone who had bought their own land)
Found a house I liked made an arrangement to view it and a few hours later they cancelled as they had accepted an offer 
no more for sale in the area and haven’t been many recently
no more for sale in the area and haven’t been many recentlyMy mums in a similar position. Her and my dad bought their house as an ex-council house for £65k in the late 90s… had it valued recently, needs a lot of work done but even before that it was valued at £675. Crazy.
Absolutely this. They use more land so cost more. 2 bed house will take approx 50% less footprint than a 2 bed bungalow.
Bungalows where I live have always attracted a price premium. Its unfortunate.
That’s why I said sometimes…
As for utility bills I don’t quite get the point? You’re living there so the amount your bill is depends on your usage? Why would someone else say bills included when you could leave all taps on, leave the heating on all day? If you rent you should pay for your bills still
have you ever lived in a rented property or in a house share??
you said upthread that sometimes people living in rented housing don’t always have to pay bills.
that’s not the case.
my point here is that sometimes if you are a student and you are living in a shared house then you pay an equal proportion of all the utility bills. you don’t each get sent a gas bill, electric bill etc - you just pay an amount ontop of your rent to cover your share of bills. That would be the only reason why it may appear that people living in rentals “sometimes don’t pay bills” which was what you said earlier.
the point is; everyone has to pay their utility bills!!!
The bills get paid, but you don’t always ‘pay the bills’ in shared houses/HMOs - I’ve lived in a few over the years, and just paid my rent in all. That includes water, electric, council tax etc…have you ever lived in a rented property or in a house share??
you said upthread that sometimes people living in rented housing don’t always have to pay bills.
that’s not the case.
my point here is that sometimes if you are a student and you are living in a shared house then you pay an equal proportion of all the utility bills. you don’t each get sent a gas bill, electric bill etc - you just pay an amount ontop of your rent to cover your share of bills. That would be the only reason why it may appear that people living in rentals “sometimes don’t pay bills” which was what you said earlier.
the point is; everyone has to pay their utility bills!!!
No need to for the rudeness, just pointing out facts. Yeah I have lived in both of those…. FYI we’ve just sold out flat and have bought a house for 425k, it’s not that hard to save if you prioritise. I’m not yet 30 and haven’t had help from parents.have you ever lived in a rented property or in a house share??
you said upthread that sometimes people living in rented housing don’t always have to pay bills.
that’s not the case.
my point here is that sometimes if you are a student and you are living in a shared house then you pay an equal proportion of all the utility bills. you don’t each get sent a gas bill, electric bill etc - you just pay an amount ontop of your rent to cover your share of bills. That would be the only reason why it may appear that people living in rentals “sometimes don’t pay bills” which was what you said earlier.
the point is; everyone has to pay their utility bills!!!
If people say they cannot save I don’t realistically agree, it’s that they prioritise other things such as going out, holidays etc (absolutely nothing wrong with that, we decided to forego that because we valued the home ownership more).
Yes. That’s exactly the point I’m trying to make. You pay bills but it’s all together in one payment which includes the rent. You are not exempt from paying the bills.
House sales by me have gone crazy… it’s in an OK area, not super good and the houses are very average 3 bed semis… they are all being sold within days?! For about 60k over what we would have thought.
we have been low key looking for a little upgrade, nothing fancy, detatched, bigger garden etc in a similar area
what would you do? Sell whilst we can get a very good price for the house? But then buy a house which is way more than we should buy it for. Sell and then rent for a bit until things settle down? Just wait for the market to settle down? It’s confusing
we have been low key looking for a little upgrade, nothing fancy, detatched, bigger garden etc in a similar area
what would you do? Sell whilst we can get a very good price for the house? But then buy a house which is way more than we should buy it for. Sell and then rent for a bit until things settle down? Just wait for the market to settle down? It’s confusing
I don’t care about what you have or haven’t bought, I haven’t mentioned anything about saving/how easy it may be to save. Nothing!!!! You haven’t had help from parents.….
ok so how have you saved money for a deposit?!
Wow I think you need to work on your attitude
Simple, we prioritised. We bought our flat in our mid 20’s having both worked at university alongside studying, before going straight on to grad jobs.
We don’t go on fancy holidays as we’ve prioritised having a home, we don’t really go clubbing and we eat sensibly. We usually go for a meal each week at a nice restaurant but other than that we take lunch to work etc. It’s pretty easy to save if you want to.
Many people buy lunch every day - over a year assuming £5 lunch and a 5 day working week thats £1,200 (5 days, allowing for 20 days holiday). People pay £50 a month for phones, pay crazy money for cars on finance, spend money on takeaways and it all adds up
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