I looked at first time buyer homes in my hometown last night. £125,000 for a run down, ex council house, on the worst, most crime ridden street on the estate. A few years ago, they’d have been lucky to get £50,000. I despair.Yep! Currently helping my best friend look for a flat and the state of “first time buyer” properties is shocking, attached a floor plan of an entirely wonky flat that is the result of a larger house being butchered and extended. This is going to keep getting worse as the market slows/declines at the higher end and prices of entry level properties increase due to lack of supply (additionally, a lot of flats are cash buyers only due to cladding or open corridors typical of post war council flats being a no go for lenders).
The Patreon saint of poors has no bleeping idea what it’s like. My friend isn’t even poor - he has 6 figures in cash savings but is a single buyer on the London avg salary and this is all it gets you, in zone 4. Yet Jacqui is mithering about an orangery and the posh tree/plant I can’t remember the name of? She’s on an entirely different bleeping planet.