Getting tougher to buy your first home

8:00am Tuesday 21st August 2012 in Local News By Chloe Chapman

POTENTIAL homeowners are struggling to buy properties in Basildon , because of a huge gap between house prices and salaries.

Research from the National Housing Federation shows the district is the least affordable in Essex.

Basildon is also the 11th priciest place to live in the whole of Britain, when average wages are taken into consideration.

The average home costs £218,752, while the average person earns £21,611.

Vicky Mayo, 29, rents a house in Steeple View and is looking to buy her first home in Noak Bridge or Langdon Hills.

She said: “As a first time buyer, it’s really difficult.

“I need to live within the district for work, but obviously I want to live somewhere quite nice so I’m avoiding central Basildon. That’s where it starts getting really hard to find somewhere suitable.

“If you’re a couple, it’s just about manageable, but as a single person it would be impossible to buy your own home around here. I think houses are definitely over-priced, considering how much money people have at the moment.”

Basildon-based estate agent Russell Quirk, who runs website eMoov, said the figures proved the district had a good housing market.

He said: “Basildon has lots of commerce so most people need to live within the district because of all the major employment places. It’s great for commuters with quick train links to London and we also have to take into consideration that these figures relate to the whole district. “This includes Billericay , which is a highly desirable place to live and has more expensive properties than the rest of Basildon.

“I see it as a glass half full situation. The house prices are as high as they are because they can be, and I think people want to live somewhere which has a positive economic picture.”

The figures come just a week after the Echo revealed plans for a £27million revamp of the Five Links estate, in Laindon, had stalled due to a lack of interest in 60 proposed new flats and 186 houses.

A £250million redevelopment of the Craylands estate is also in jeopardy because not enough homes have been sold on the Beechwood village part of Fryerns to fund the project.

Mr Quirk added: “New developments are always much more expensive than a lived-in home. “I think the problem is people won’t pay more for something just because it’s new. “Often the houses are actually smaller and have less parking. I think developers need to be more realistic about their pricing.”

Comments (21)

8:14am Tue 21 Aug 12

AndyBSG says...

Is 21,611 the average wage earned by people that work in Basildon or the average wage earned by people living in Basildon?

I suspect the former which shows the figures are skewed as a large number of people living in Basildon will actually work in London
Is 21,611 the average wage earned by people that work in Basildon or the average wage earned by people living in Basildon? I suspect the former which shows the figures are skewed as a large number of people living in Basildon will actually work in London AndyBSG

8:48am Tue 21 Aug 12

smiffy1980 says...

Bottom line is you live where you can afford. If you cant afford Noak Bridge, then you cant live there. Simple really. Everyone has to start somewhere. Work your way up to your desired location like most people try to do. I want a big place in the country, but thats not going to happen, so I live where I do.......

Perhaps buy a run down place elsewhere in basildon, do it up, make a little profit and work your way to Noak Bridge or get another job, an additional job. There are ways to acheive what you want.......
Bottom line is you live where you can afford. If you cant afford Noak Bridge, then you cant live there. Simple really. Everyone has to start somewhere. Work your way up to your desired location like most people try to do. I want a big place in the country, but thats not going to happen, so I live where I do....... Perhaps buy a run down place elsewhere in basildon, do it up, make a little profit and work your way to Noak Bridge or get another job, an additional job. There are ways to acheive what you want....... smiffy1980

9:06am Tue 21 Aug 12

asbo uncut says...

welcome to the real world vicky.
welcome to the real world vicky. asbo uncut

10:31am Tue 21 Aug 12

APR says...

It's always been difficult to buy your first home.

The problem nowadays is, (some) people don't want to do without their "luxuries". They still want their foreign holiday(s), new car, big screen TV etc.

As well as paying a fortune every month for Smart phone, Sky and broadband.
It's always been difficult to buy your first home. The problem nowadays is, (some) people don't want to do without their "luxuries". They still want their foreign holiday(s), new car, big screen TV etc. As well as paying a fortune every month for Smart phone, Sky and broadband. APR

10:35am Tue 21 Aug 12

Russ13 says...

smiffy1980 wrote:
Bottom line is you live where you can afford. If you cant afford Noak Bridge, then you cant live there. Simple really. Everyone has to start somewhere. Work your way up to your desired location like most people try to do. I want a big place in the country, but thats not going to happen, so I live where I do.......

Perhaps buy a run down place elsewhere in basildon, do it up, make a little profit and work your way to Noak Bridge or get another job, an additional job. There are ways to acheive what you want.......
What planet are you living on?

There is a huge gap between salary and house prices, probably the biggest there's ever been!

Let's go back a little..... in 1981, my Dad bought a 3 bed semi in a reasonable area for just under £20K on his salary which at the time was just above "average".

For me to buy that house now I'd have to be earning £60K+ which is around 3 times the average, not to mention save around £20K for a deposit and another few thousand for legal costs etc.

If you still can see that the problem is the gap between salary and house prices then maybe you should try reality ;-)
[quote][p][bold]smiffy1980[/bold] wrote: Bottom line is you live where you can afford. If you cant afford Noak Bridge, then you cant live there. Simple really. Everyone has to start somewhere. Work your way up to your desired location like most people try to do. I want a big place in the country, but thats not going to happen, so I live where I do....... Perhaps buy a run down place elsewhere in basildon, do it up, make a little profit and work your way to Noak Bridge or get another job, an additional job. There are ways to acheive what you want.......[/p][/quote]What planet are you living on? There is a huge gap between salary and house prices, probably the biggest there's ever been! Let's go back a little..... in 1981, my Dad bought a 3 bed semi in a reasonable area for just under £20K on his salary which at the time was just above "average". For me to buy that house now I'd have to be earning £60K+ which is around 3 times the average, not to mention save around £20K for a deposit and another few thousand for legal costs etc. If you still can see that the problem is the gap between salary and house prices then maybe you should try reality ;-) Russ13

10:55am Tue 21 Aug 12

smiffy1980 says...

Sorry Russ - I disagree. I have done exactly what Vicky is trying to acheive .I lived in a run down area and did up a place for a profit, worked a couple of jobs and cut luxuries for a number of years. Then eventually moved to the area I wanted to be in. Yes it is tough, my point is that it is do-able tho. This can be done on the "average" wage with some sacrifices. So in answer to your question. I live in the real world where things are tough and you have to do what you need to, to get what you want.......... The main issue is what APR rightly said, is people wont give up their luxuries........
Sorry Russ - I disagree. I have done exactly what Vicky is trying to acheive .I lived in a run down area and did up a place for a profit, worked a couple of jobs and cut luxuries for a number of years. Then eventually moved to the area I wanted to be in. Yes it is tough, my point is that it is do-able tho. This can be done on the "average" wage with some sacrifices. So in answer to your question. I live in the real world where things are tough and you have to do what you need to, to get what you want.......... The main issue is what APR rightly said, is people wont give up their luxuries........ smiffy1980

1:01pm Tue 21 Aug 12

AndyBSG says...

"There is a huge gap between salary and house prices, probably the biggest there's ever been"

Not too sure that's the factor here.

I remember my dad telling me how after he bought his first place he had to save for years then get a second hand black and white TV and sat on garden chairs.

Slowly but surely he built it into a home over a long period.

Nowadays people expect to buy their house and still be able to go out, go on holiday, have their Sky TV, etc.

I know people who've put a little bit of money away over 12 months then moaned they can't afford anywhere .

In all honesty it annoys me because I spent 5 years putting every spare penny I could away to buy my first place then have people say how 'lucky' I am to have such a nice house...

Luck had nothing to do with it and strict budgeting and knowing the difference between luxuries and necessities was the key, a lesson that seems lost in this credit rich day and age!
"There is a huge gap between salary and house prices, probably the biggest there's ever been" Not too sure that's the factor here. I remember my dad telling me how after he bought his first place he had to save for years then get a second hand black and white TV and sat on garden chairs. Slowly but surely he built it into a home over a long period. Nowadays people expect to buy their house and still be able to go out, go on holiday, have their Sky TV, etc. I know people who've put a little bit of money away over 12 months then moaned they can't afford anywhere . In all honesty it annoys me because I spent 5 years putting every spare penny I could away to buy my first place then have people say how 'lucky' I am to have such a nice house... Luck had nothing to do with it and strict budgeting and knowing the difference between luxuries and necessities was the key, a lesson that seems lost in this credit rich day and age! AndyBSG

1:31pm Tue 21 Aug 12

Eric Whim says...

The figures come just a week after the Echo revealed plans for a £27million revamp of the Five Links estate, in Laindon, had stalled due to a lack of interest in 60 proposed new flats and 186 houses.

A £250million redevelopment of the Craylands estate is also in jeopardy because not enough homes have been sold on the Beechwood village part of Fryerns to fund the project.



put a hold on all further housing developments until people start buying these properties
[quote]The figures come just a week after the Echo revealed plans for a £27million revamp of the Five Links estate, in Laindon, had stalled due to a lack of interest in 60 proposed new flats and 186 houses. A £250million redevelopment of the Craylands estate is also in jeopardy because not enough homes have been sold on the Beechwood village part of Fryerns to fund the project. [/quote] put a hold on all further housing developments until people start buying these properties Eric Whim

1:32pm Tue 21 Aug 12

comment from the unknown says...

I work hard and earn well, I gave up a lot to get my first place and am surrounded by people who have everything handed to them on a plate and don't care for the fact that people have work in the morning as they don't have to get up. Since having my place broken in to, I want to move out and knowing that I won't be having any holidays or many 'luxuries' is something I expect, but I still won't be able to go and live in a fantastic place and will make do. It doesn't make it any more pleasant to deal with. I accept some people expect too much, but it is still hard for many who don't. Not a 'lost lesson' for all I must say, but that's not to say your opinion isn't true in some cases.
I work hard and earn well, I gave up a lot to get my first place and am surrounded by people who have everything handed to them on a plate and don't care for the fact that people have work in the morning as they don't have to get up. Since having my place broken in to, I want to move out and knowing that I won't be having any holidays or many 'luxuries' is something I expect, but I still won't be able to go and live in a fantastic place and will make do. It doesn't make it any more pleasant to deal with. I accept some people expect too much, but it is still hard for many who don't. Not a 'lost lesson' for all I must say, but that's not to say your opinion isn't true in some cases. comment from the unknown

1:48pm Tue 21 Aug 12

Russ13 says...

smiffy1980 wrote:
Sorry Russ - I disagree. I have done exactly what Vicky is trying to acheive .I lived in a run down area and did up a place for a profit, worked a couple of jobs and cut luxuries for a number of years. Then eventually moved to the area I wanted to be in. Yes it is tough, my point is that it is do-able tho. This can be done on the "average" wage with some sacrifices. So in answer to your question. I live in the real world where things are tough and you have to do what you need to, to get what you want.......... The main issue is what APR rightly said, is people wont give up their luxuries........
So OK.... on you (out of whack) theory..... Let's take a £100K flat, you need £10K deposit + fees and you'll be looking at around £600pm for a mortgage on that on the average wage of £20K that pretty much half of you months take home pay, then you have all the utilities to pay.......

How much money are you going to have to pay for major renovations?
[quote][p][bold]smiffy1980[/bold] wrote: Sorry Russ - I disagree. I have done exactly what Vicky is trying to acheive .I lived in a run down area and did up a place for a profit, worked a couple of jobs and cut luxuries for a number of years. Then eventually moved to the area I wanted to be in. Yes it is tough, my point is that it is do-able tho. This can be done on the "average" wage with some sacrifices. So in answer to your question. I live in the real world where things are tough and you have to do what you need to, to get what you want.......... The main issue is what APR rightly said, is people wont give up their luxuries........[/p][/quote]So OK.... on you (out of whack) theory..... Let's take a £100K flat, you need £10K deposit + fees and you'll be looking at around £600pm for a mortgage on that on the average wage of £20K that pretty much half of you months take home pay, then you have all the utilities to pay....... How much money are you going to have to pay for major renovations? Russ13

2:01pm Tue 21 Aug 12

emcee says...

If you cannot afford to buy, you cannot afford to buy. The gap between salary and house prices is, indeed, bigger that it ever has been but, which ever way you look at it, it still means that if you do not earn enough you cannot partake in home ownership.
People who cannot afford to buy their home really need to rethink their life strategy. Work harder, get a better job (if they can), get married to someone with a better job or start going without the luxuries and save even harder, even though it may take ten years.
The trouble with todays young generations is they think they have a right to own stuff they cannot afford and have an easy life handed to them on a plate. They need to realise that this country has had prosperous generations and it has had generations that have not been so prosperous. However, todays young generations need to accept that they are not going to be one of the prosperous ones and it is very unlikely prosperity will return anytime soon. If that means a generation or two of a home renting scociety then so be it. Above all they need to accept life is what you make under whatever circumstances you find yourself in and not expect to sit back and wait for it all to fall in place.
If you cannot afford to buy, you cannot afford to buy. The gap between salary and house prices is, indeed, bigger that it ever has been but, which ever way you look at it, it still means that if you do not earn enough you cannot partake in home ownership. People who cannot afford to buy their home really need to rethink their life strategy. Work harder, get a better job (if they can), get married to someone with a better job or start going without the luxuries and save even harder, even though it may take ten years. The trouble with todays young generations is they think they have a right to own stuff they cannot afford and have an easy life handed to them on a plate. They need to realise that this country has had prosperous generations and it has had generations that have not been so prosperous. However, todays young generations need to accept that they are not going to be one of the prosperous ones and it is very unlikely prosperity will return anytime soon. If that means a generation or two of a home renting scociety then so be it. Above all they need to accept life is what you make under whatever circumstances you find yourself in and not expect to sit back and wait for it all to fall in place. emcee

2:16pm Tue 21 Aug 12

smiffy1980 says...

OH Russ how you make me laugh. Ok to humour you. ok, £100,000 mortgage over 30 years @ 5% equates to £416 per month on an interest only mortgage. On todays average salary of 21k, you will take home £1400. minus your mortgage gives you £985. You will get a 25% discount on your council tax and the additional bills of insurances, gas, leccy etc will come to no more than 300 quid. So yes, you are left over enough money to buy paint, strip walls yourself. Shop around for carpets and places such as ebay to get what you need. I never once said it was easy and sacrificies have to be made. I have done the above and it can be done. I also never stated it would happen overnight. It took me a number of years from flat to flat, before I could finally afford the deposit and fees for a house. Or even better and you can do it. Buy a flat, live at home while you do it up and you will not have the additional bills to pay, other than insurances.......And for the record you can get flats for way under £100,000 in and around basildon/southend.
OH Russ how you make me laugh. Ok to humour you. ok, £100,000 mortgage over 30 years @ 5% equates to £416 per month on an interest only mortgage. On todays average salary of 21k, you will take home £1400. minus your mortgage gives you £985. You will get a 25% discount on your council tax and the additional bills of insurances, gas, leccy etc will come to no more than 300 quid. So yes, you are left over enough money to buy paint, strip walls yourself. Shop around for carpets and places such as ebay to get what you need. I never once said it was easy and sacrificies have to be made. I have done the above and it can be done. I also never stated it would happen overnight. It took me a number of years from flat to flat, before I could finally afford the deposit and fees for a house. Or even better and you can do it. Buy a flat, live at home while you do it up and you will not have the additional bills to pay, other than insurances.......And for the record you can get flats for way under £100,000 in and around basildon/southend. smiffy1980

2:17pm Tue 21 Aug 12

smiffy1980 says...

Russ13 wrote:
smiffy1980 wrote: Sorry Russ - I disagree. I have done exactly what Vicky is trying to acheive .I lived in a run down area and did up a place for a profit, worked a couple of jobs and cut luxuries for a number of years. Then eventually moved to the area I wanted to be in. Yes it is tough, my point is that it is do-able tho. This can be done on the "average" wage with some sacrifices. So in answer to your question. I live in the real world where things are tough and you have to do what you need to, to get what you want.......... The main issue is what APR rightly said, is people wont give up their luxuries........
So OK.... on you (out of whack) theory..... Let's take a £100K flat, you need £10K deposit + fees and you'll be looking at around £600pm for a mortgage on that on the average wage of £20K that pretty much half of you months take home pay, then you have all the utilities to pay....... How much money are you going to have to pay for major renovations?
OH Russ how you make me laugh. Ok to humour you. ok, £100,000 mortgage over 30 years @ 5% equates to £416 per month on an interest only mortgage. On todays average salary of 21k, you will take home £1400. minus your mortgage gives you £985. You will get a 25% discount on your council tax and the additional bills of insurances, gas, leccy etc will come to no more than 300 quid. So yes, you are left over enough money to buy paint, strip walls yourself. Shop around for carpets and places such as ebay to get what you need. I never once said it was easy and sacrificies have to be made. I have done the above and it can be done. I also never stated it would happen overnight. It took me a number of years from flat to flat, before I could finally afford the deposit and fees for a house. Or even better and you can do it. Buy a flat, live at home while you do it up and you will not have the additional bills to pay, other than insurances.......And for the record you can get flats for way under £100,000 in and around basildon/southend.
[quote][p][bold]Russ13[/bold] wrote: [quote][p][bold]smiffy1980[/bold] wrote: Sorry Russ - I disagree. I have done exactly what Vicky is trying to acheive .I lived in a run down area and did up a place for a profit, worked a couple of jobs and cut luxuries for a number of years. Then eventually moved to the area I wanted to be in. Yes it is tough, my point is that it is do-able tho. This can be done on the "average" wage with some sacrifices. So in answer to your question. I live in the real world where things are tough and you have to do what you need to, to get what you want.......... The main issue is what APR rightly said, is people wont give up their luxuries........[/p][/quote]So OK.... on you (out of whack) theory..... Let's take a £100K flat, you need £10K deposit + fees and you'll be looking at around £600pm for a mortgage on that on the average wage of £20K that pretty much half of you months take home pay, then you have all the utilities to pay....... How much money are you going to have to pay for major renovations?[/p][/quote]OH Russ how you make me laugh. Ok to humour you. ok, £100,000 mortgage over 30 years @ 5% equates to £416 per month on an interest only mortgage. On todays average salary of 21k, you will take home £1400. minus your mortgage gives you £985. You will get a 25% discount on your council tax and the additional bills of insurances, gas, leccy etc will come to no more than 300 quid. So yes, you are left over enough money to buy paint, strip walls yourself. Shop around for carpets and places such as ebay to get what you need. I never once said it was easy and sacrificies have to be made. I have done the above and it can be done. I also never stated it would happen overnight. It took me a number of years from flat to flat, before I could finally afford the deposit and fees for a house. Or even better and you can do it. Buy a flat, live at home while you do it up and you will not have the additional bills to pay, other than insurances.......And for the record you can get flats for way under £100,000 in and around basildon/southend. smiffy1980

4:28pm Tue 21 Aug 12

perini says...

Russ13 wrote:
smiffy1980 wrote: Sorry Russ - I disagree. I have done exactly what Vicky is trying to acheive .I lived in a run down area and did up a place for a profit, worked a couple of jobs and cut luxuries for a number of years. Then eventually moved to the area I wanted to be in. Yes it is tough, my point is that it is do-able tho. This can be done on the "average" wage with some sacrifices. So in answer to your question. I live in the real world where things are tough and you have to do what you need to, to get what you want.......... The main issue is what APR rightly said, is people wont give up their luxuries........
So OK.... on you (out of whack) theory..... Let's take a £100K flat, you need £10K deposit + fees and you'll be looking at around £600pm for a mortgage on that on the average wage of £20K that pretty much half of you months take home pay, then you have all the utilities to pay....... How much money are you going to have to pay for major renovations?
Welcome to the real world - now you might just start realizing that if you want a 100K property your new car every year, the foreign holidays, the Sky TV, the latest mobile/laptop/Ipad etc is a luxury and not a necessity. I also assume youi want brand new furnishings, carpets/wooden flooring, flat screen Blue ray TV /DVD etc.
Do you honestly believe that's we all started? Wrong - we used second hand furniture, or hand me downs, watched a black and white portable if at all, no holidays, cheap bangers for cars, very little going out for meals etc and imprpoved the place as our income grew and prices increased.
But we are of course wrong and you want it all now! Don't work like that unless you are rich - it's called living within one's means!
Tough!
[quote][p][bold]Russ13[/bold] wrote: [quote][p][bold]smiffy1980[/bold] wrote: Sorry Russ - I disagree. I have done exactly what Vicky is trying to acheive .I lived in a run down area and did up a place for a profit, worked a couple of jobs and cut luxuries for a number of years. Then eventually moved to the area I wanted to be in. Yes it is tough, my point is that it is do-able tho. This can be done on the "average" wage with some sacrifices. So in answer to your question. I live in the real world where things are tough and you have to do what you need to, to get what you want.......... The main issue is what APR rightly said, is people wont give up their luxuries........[/p][/quote]So OK.... on you (out of whack) theory..... Let's take a £100K flat, you need £10K deposit + fees and you'll be looking at around £600pm for a mortgage on that on the average wage of £20K that pretty much half of you months take home pay, then you have all the utilities to pay....... How much money are you going to have to pay for major renovations?[/p][/quote]Welcome to the real world - now you might just start realizing that if you want a 100K property your new car every year, the foreign holidays, the Sky TV, the latest mobile/laptop/Ipad etc is a luxury and not a necessity. I also assume youi want brand new furnishings, carpets/wooden flooring, flat screen Blue ray TV /DVD etc. Do you honestly believe that's we all started? Wrong - we used second hand furniture, or hand me downs, watched a black and white portable if at all, no holidays, cheap bangers for cars, very little going out for meals etc and imprpoved the place as our income grew and prices increased. But we are of course wrong and you want it all now! Don't work like that unless you are rich - it's called living within one's means! Tough! perini

8:42pm Tue 21 Aug 12

Russ13 says...

How dare ANY of you judge me and what I might or might not have!

Please don't "humour me" or anything else for that matter. Do not start telling me to live "in the real World" when it's clear you don't!

I was merely using examples and 5% for a 90% mortgage.... as I said before, what planet are you on!

Your figures may stack up in whatever fantasy land you live in.

The average wage is around £20K although you'd be doing pretty well to get that in Southend/Basildon. A mortgage company is only likely to offer you £70K(ish) and if you borrow 90% then you'll be lucky to get under 6% APR on a mortgage.

I will type it slowly so maybe, just maybe smiffy1980 and Perini will get what I'm saying.....

Buying a cheap property on a single (average) wage is possible, that is until your old banger of a car breaks down, you don't have the funds to repair it and can't get to work.

The fact is house prices are artificially high and wages haven't caught up, not by a long way.

It doesn't matter if you drive an old banger, buy second hand furniture and only have wet weekends away in Bognor, the figures for first time buyers or those buying on a single way don't stack up!

So please give up trying to patronise me, you have no idea about me or my finances, maybe have a day of from being self-righteous and ignorant?
How dare ANY of you judge me and what I might or might not have! Please don't "humour me" or anything else for that matter. Do not start telling me to live "in the real World" when it's clear you don't! I was merely using examples and 5% for a 90% mortgage.... as I said before, what planet are you on! Your figures may stack up in whatever fantasy land you live in. The average wage is around £20K although you'd be doing pretty well to get that in Southend/Basildon. A mortgage company is only likely to offer you £70K(ish) and if you borrow 90% then you'll be lucky to get under 6% APR on a mortgage. I will type it slowly so maybe, just maybe smiffy1980 and Perini will get what I'm saying..... Buying a cheap property on a single (average) wage is possible, that is until your old banger of a car breaks down, you don't have the funds to repair it and can't get to work. The fact is house prices are artificially high and wages haven't caught up, not by a long way. It doesn't matter if you drive an old banger, buy second hand furniture and only have wet weekends away in Bognor, the figures for first time buyers or those buying on a single way don't stack up! So please give up trying to patronise me, you have no idea about me or my finances, maybe have a day of from being self-righteous and ignorant? Russ13

9:11pm Tue 21 Aug 12

Nebs says...

Russ13 wrote:
How dare ANY of you judge me and what I might or might not have!

Please don't "humour me" or anything else for that matter. Do not start telling me to live "in the real World" when it's clear you don't!

I was merely using examples and 5% for a 90% mortgage.... as I said before, what planet are you on!

Your figures may stack up in whatever fantasy land you live in.

The average wage is around £20K although you'd be doing pretty well to get that in Southend/Basildon. A mortgage company is only likely to offer you £70K(ish) and if you borrow 90% then you'll be lucky to get under 6% APR on a mortgage.

I will type it slowly so maybe, just maybe smiffy1980 and Perini will get what I'm saying.....

Buying a cheap property on a single (average) wage is possible, that is until your old banger of a car breaks down, you don't have the funds to repair it and can't get to work.

The fact is house prices are artificially high and wages haven't caught up, not by a long way.

It doesn't matter if you drive an old banger, buy second hand furniture and only have wet weekends away in Bognor, the figures for first time buyers or those buying on a single way don't stack up!

So please give up trying to patronise me, you have no idea about me or my finances, maybe have a day of from being self-righteous and ignorant?
Take the bus or cycle, forget weekends in Bognor, and you might have a chance. It's difficult for many years, but worth it in the end. You just need to think long term.
[quote][p][bold]Russ13[/bold] wrote: How dare ANY of you judge me and what I might or might not have! Please don't "humour me" or anything else for that matter. Do not start telling me to live "in the real World" when it's clear you don't! I was merely using examples and 5% for a 90% mortgage.... as I said before, what planet are you on! Your figures may stack up in whatever fantasy land you live in. The average wage is around £20K although you'd be doing pretty well to get that in Southend/Basildon. A mortgage company is only likely to offer you £70K(ish) and if you borrow 90% then you'll be lucky to get under 6% APR on a mortgage. I will type it slowly so maybe, just maybe smiffy1980 and Perini will get what I'm saying..... Buying a cheap property on a single (average) wage is possible, that is until your old banger of a car breaks down, you don't have the funds to repair it and can't get to work. The fact is house prices are artificially high and wages haven't caught up, not by a long way. It doesn't matter if you drive an old banger, buy second hand furniture and only have wet weekends away in Bognor, the figures for first time buyers or those buying on a single way don't stack up! So please give up trying to patronise me, you have no idea about me or my finances, maybe have a day of from being self-righteous and ignorant?[/p][/quote]Take the bus or cycle, forget weekends in Bognor, and you might have a chance. It's difficult for many years, but worth it in the end. You just need to think long term. Nebs

9:19pm Tue 21 Aug 12

Russ13 says...

Nebs wrote:
Russ13 wrote:
How dare ANY of you judge me and what I might or might not have!

Please don't "humour me" or anything else for that matter. Do not start telling me to live "in the real World" when it's clear you don't!

I was merely using examples and 5% for a 90% mortgage.... as I said before, what planet are you on!

Your figures may stack up in whatever fantasy land you live in.

The average wage is around £20K although you'd be doing pretty well to get that in Southend/Basildon. A mortgage company is only likely to offer you £70K(ish) and if you borrow 90% then you'll be lucky to get under 6% APR on a mortgage.

I will type it slowly so maybe, just maybe smiffy1980 and Perini will get what I'm saying.....

Buying a cheap property on a single (average) wage is possible, that is until your old banger of a car breaks down, you don't have the funds to repair it and can't get to work.

The fact is house prices are artificially high and wages haven't caught up, not by a long way.

It doesn't matter if you drive an old banger, buy second hand furniture and only have wet weekends away in Bognor, the figures for first time buyers or those buying on a single way don't stack up!

So please give up trying to patronise me, you have no idea about me or my finances, maybe have a day of from being self-righteous and ignorant?
Take the bus or cycle, forget weekends in Bognor, and you might have a chance. It's difficult for many years, but worth it in the end. You just need to think long term.
Have I at any point in this "exchange" said that I'm trying to get on the property ladder or is everyone else slopping foreheads preventing them from reading what I'm actually typing?

For the record..... I am a home owner, I have a car..... you know what don't worry.... you still won't get my point.

I love the way that sanctimonious older people start preaching about "when they were young" and had to make do..... would love to see you start again as a 20-something on an average wage now ;-)
[quote][p][bold]Nebs[/bold] wrote: [quote][p][bold]Russ13[/bold] wrote: How dare ANY of you judge me and what I might or might not have! Please don't "humour me" or anything else for that matter. Do not start telling me to live "in the real World" when it's clear you don't! I was merely using examples and 5% for a 90% mortgage.... as I said before, what planet are you on! Your figures may stack up in whatever fantasy land you live in. The average wage is around £20K although you'd be doing pretty well to get that in Southend/Basildon. A mortgage company is only likely to offer you £70K(ish) and if you borrow 90% then you'll be lucky to get under 6% APR on a mortgage. I will type it slowly so maybe, just maybe smiffy1980 and Perini will get what I'm saying..... Buying a cheap property on a single (average) wage is possible, that is until your old banger of a car breaks down, you don't have the funds to repair it and can't get to work. The fact is house prices are artificially high and wages haven't caught up, not by a long way. It doesn't matter if you drive an old banger, buy second hand furniture and only have wet weekends away in Bognor, the figures for first time buyers or those buying on a single way don't stack up! So please give up trying to patronise me, you have no idea about me or my finances, maybe have a day of from being self-righteous and ignorant?[/p][/quote]Take the bus or cycle, forget weekends in Bognor, and you might have a chance. It's difficult for many years, but worth it in the end. You just need to think long term.[/p][/quote]Have I at any point in this "exchange" said that I'm trying to get on the property ladder or is everyone else slopping foreheads preventing them from reading what I'm actually typing? For the record..... I am a home owner, I have a car..... you know what don't worry.... you still won't get my point. I love the way that sanctimonious older people start preaching about "when they were young" and had to make do..... would love to see you start again as a 20-something on an average wage now ;-) Russ13

9:22pm Tue 21 Aug 12

asbo uncut says...

house prices are too high. prices are at best sideways and more likely downwards for most of the next decade. only shortage keeps prices from collapsing. exit buy to lets unless you enjoy being screwed around by dodgy tenants as you will have zero capital upside. bring on the bear....
house prices are too high. prices are at best sideways and more likely downwards for most of the next decade. only shortage keeps prices from collapsing. exit buy to lets unless you enjoy being screwed around by dodgy tenants as you will have zero capital upside. bring on the bear.... asbo uncut

7:03am Wed 22 Aug 12

Brunning999 says...

Has it ever been easy to actually buy your own home?

The answer is a resounding 'NO'

It has been far easier to breed kids like rats then sit back and expect 'the council' to provide hutches to breed more kids, then get more benefits plus free housing, then not have to pay for repairs to kitchens and bathroom etc for years and years and years, then have it all taken away from you after paying heavily for 25 plus years to pay for your care home fees and find that you are sitting in the care home next to some parasitic former benefit scroungers that has on tributes NOTHING all their life.

No buying your own home has NEVER been easy.
Has it ever been easy to actually buy your own home? The answer is a resounding 'NO' It has been far easier to breed kids like rats then sit back and expect 'the council' to provide hutches to breed more kids, then get more benefits plus free housing, then not have to pay for repairs to kitchens and bathroom etc for years and years and years, then have it all taken away from you after paying heavily for 25 plus years to pay for your care home fees and find that you are sitting in the care home next to some parasitic former benefit scroungers that has on tributes NOTHING all their life. No buying your own home has NEVER been easy. Brunning999

8:34am Wed 22 Aug 12

asbo uncut says...

Brunning999 wrote:
Has it ever been easy to actually buy your own home?

The answer is a resounding 'NO'

It has been far easier to breed kids like rats then sit back and expect 'the council' to provide hutches to breed more kids, then get more benefits plus free housing, then not have to pay for repairs to kitchens and bathroom etc for years and years and years, then have it all taken away from you after paying heavily for 25 plus years to pay for your care home fees and find that you are sitting in the care home next to some parasitic former benefit scroungers that has on tributes NOTHING all their life.

No buying your own home has NEVER been easy.
2 very enthusiastic thumbs up for that post el cabbie
[quote][p][bold]Brunning999[/bold] wrote: Has it ever been easy to actually buy your own home? The answer is a resounding 'NO' It has been far easier to breed kids like rats then sit back and expect 'the council' to provide hutches to breed more kids, then get more benefits plus free housing, then not have to pay for repairs to kitchens and bathroom etc for years and years and years, then have it all taken away from you after paying heavily for 25 plus years to pay for your care home fees and find that you are sitting in the care home next to some parasitic former benefit scroungers that has on tributes NOTHING all their life. No buying your own home has NEVER been easy.[/p][/quote]2 very enthusiastic thumbs up for that post el cabbie asbo uncut

8:49am Wed 22 Aug 12

smiffy1980 says...

Russ13 wrote:
Nebs wrote:
Russ13 wrote: How dare ANY of you judge me and what I might or might not have! Please don't "humour me" or anything else for that matter. Do not start telling me to live "in the real World" when it's clear you don't! I was merely using examples and 5% for a 90% mortgage.... as I said before, what planet are you on! Your figures may stack up in whatever fantasy land you live in. The average wage is around £20K although you'd be doing pretty well to get that in Southend/Basildon. A mortgage company is only likely to offer you £70K(ish) and if you borrow 90% then you'll be lucky to get under 6% APR on a mortgage. I will type it slowly so maybe, just maybe smiffy1980 and Perini will get what I'm saying..... Buying a cheap property on a single (average) wage is possible, that is until your old banger of a car breaks down, you don't have the funds to repair it and can't get to work. The fact is house prices are artificially high and wages haven't caught up, not by a long way. It doesn't matter if you drive an old banger, buy second hand furniture and only have wet weekends away in Bognor, the figures for first time buyers or those buying on a single way don't stack up! So please give up trying to patronise me, you have no idea about me or my finances, maybe have a day of from being self-righteous and ignorant?
Take the bus or cycle, forget weekends in Bognor, and you might have a chance. It's difficult for many years, but worth it in the end. You just need to think long term.
Have I at any point in this "exchange" said that I'm trying to get on the property ladder or is everyone else slopping foreheads preventing them from reading what I'm actually typing? For the record..... I am a home owner, I have a car..... you know what don't worry.... you still won't get my point. I love the way that sanctimonious older people start preaching about "when they were young" and had to make do..... would love to see you start again as a 20-something on an average wage now ;-)
I did start as a twenty something on the average wage................
.That was in 2005 at the height of the property boom as well so whats your point ??
[quote][p][bold]Russ13[/bold] wrote: [quote][p][bold]Nebs[/bold] wrote: [quote][p][bold]Russ13[/bold] wrote: How dare ANY of you judge me and what I might or might not have! Please don't "humour me" or anything else for that matter. Do not start telling me to live "in the real World" when it's clear you don't! I was merely using examples and 5% for a 90% mortgage.... as I said before, what planet are you on! Your figures may stack up in whatever fantasy land you live in. The average wage is around £20K although you'd be doing pretty well to get that in Southend/Basildon. A mortgage company is only likely to offer you £70K(ish) and if you borrow 90% then you'll be lucky to get under 6% APR on a mortgage. I will type it slowly so maybe, just maybe smiffy1980 and Perini will get what I'm saying..... Buying a cheap property on a single (average) wage is possible, that is until your old banger of a car breaks down, you don't have the funds to repair it and can't get to work. The fact is house prices are artificially high and wages haven't caught up, not by a long way. It doesn't matter if you drive an old banger, buy second hand furniture and only have wet weekends away in Bognor, the figures for first time buyers or those buying on a single way don't stack up! So please give up trying to patronise me, you have no idea about me or my finances, maybe have a day of from being self-righteous and ignorant?[/p][/quote]Take the bus or cycle, forget weekends in Bognor, and you might have a chance. It's difficult for many years, but worth it in the end. You just need to think long term.[/p][/quote]Have I at any point in this "exchange" said that I'm trying to get on the property ladder or is everyone else slopping foreheads preventing them from reading what I'm actually typing? For the record..... I am a home owner, I have a car..... you know what don't worry.... you still won't get my point. I love the way that sanctimonious older people start preaching about "when they were young" and had to make do..... would love to see you start again as a 20-something on an average wage now ;-)[/p][/quote]I did start as a twenty something on the average wage................ .That was in 2005 at the height of the property boom as well so whats your point ?? smiffy1980

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