Affordable Housing Development Farce

[salus.populi]

Yes, but this is a legacy of when the Local Authorities / councils sold off their housing stock for a fraction of there true market value and stopped building homes to rent.
The situation is one of their own making and now they are paying for it, literally by having to put money in private landlords pockets.

They has no choice but to sell them off under right to buy but it wasn't local authorities who introduced the policy.
Imagine the outcry if private landlords were forced to sell to their tenants at a knock down price.

[Steed]

They has no choice but to sell them off under right to buy but it wasn't local authorities who introduced the policy.
Imagine the outcry if private landlords were forced to sell to their tenants at a knock down price.

Yes, I know it was government legislation, Mrs T if I remember correctly, but as well as selling their stock off at well below market value, Hardly any new house were built at that time to replace the depleted housing stock.
Surly they should have invested the money back into houses for rent with an every increasing population
What was left was often sold off to Housing Associations for them to manage #sellthefamilysilver

[Hamble]

Don't forget Council houses were sold to good hard working people wishing to stay in houses that had become homes in an area they had roots and often brought up their children in.


Unless one pays for a property outright mortgages are only affordable as long as the borrower pays the lender on time.

[The Edge]

Get a job, save as much money as possible over a few years, do your very, very best to scrape together 10% for a small house, keep it for a while and improve it, sell it for a little more than what you have paid for it and buy a bigger one.

In other words EARN IT!

I did it and it took me ages, missing out on holidays, nights out etc but Ive got there. Yes it is hard but correct me if Im wrong, it always has been?

If your job doesnt pay you enough, get a second one or study and get a better one, stop expecting the Government to do something for you because believe me, they won't.

[Ceam]

Get a job, save as much money as possible over a few years, do your very, very best to scrape together 10% for a small house, keep it for a while and improve it, sell it for a little more than what you have paid for it and buy a bigger one.

In other words EARN IT!

I did it and it took me ages, missing out on holidays, nights out etc but Ive got there. Yes it is hard but correct me if Im wrong, it always has been?

If your job doesnt pay you enough, get a second one or study and get a better one, stop expecting the Government to do something for you because believe me, they won't.

Exactly.

[Styx]

Get a job, save as much money as possible over a few years, do your very, very best to scrape together 10% for a small house, keep it for a while and improve it, sell it for a little more than what you have paid for it and buy a bigger one.

In other words EARN IT!

I did it and it took me ages, missing out on holidays, nights out etc but Ive got there. Yes it is hard but correct me if Im wrong, it always has been?



If your job doesnt pay you enough, get a second one or study and get a better one, stop expecting the Government to do something for you because believe me, they won't.

Sound advice!

[salus.populi]

Get a job, save as much money as possible over a few years, do your very, very best to scrape together 10% for a small house, keep it for a while and improve it, sell it for a little more than what you have paid for it and buy a bigger one.

In other words EARN IT!

I did it and it took me ages, missing out on holidays, nights out etc but Ive got there. Yes it is hard but correct me if Im wrong, it always has been?

If your job doesnt pay you enough, get a second one or study and get a better one, stop expecting the Government to do something for you because believe me, they won't.

So as house price rises continue to outstrip inflation and average pay rises below inflation the advice to your grandchildren will be get a 3rd job and to your great grandchildren get a 4th job.

[The Edge]

So as house price rises continue to outstrip inflation and average pay rises below inflation the advice to your grandchildren will be get a 3rd job and to your great grandchildren get a 4th job.

No, my advice would be to study hard at school and achieve a well paid job and save up. You don't get anything for sitting on your arse, although people do expect to.

[silver fox]

So the rent should be less than the mortgage on the property? Well that make financial sense to private landlords doesn't it!

Private landlords aren't the priority, this is were it all went pear shaped, handing control of the rental sector to opportunists was a bad move.

[silver fox]

Yes, I know it was government legislation, Mrs T if I remember correctly, but as well as selling their stock off at well below market value, Hardly any new house were built at that time to replace the depleted housing stock.
Surly they should have invested the money back into houses for rent with an every increasing population
What was left was often sold off to Housing Associations for them to manage #sellthefamilysilver

That wasn't allowed under Thatcher, her deluded dream was to create a majority property owning population in the belief that the majority would then of course become Tory voters.

[silver fox]

No, my advice would be to study hard at school and achieve a well paid job and save up. You don't get anything for sitting on your arse, although people do expect to.

We didn't get anything free, we bought our first house when interest rates were at an eye watering level, but I had a decent job, my wife worked part time while our girls were still at school and full time afterwards, the difference is that we both had secure employment, we both not only worked, but we had the opportunity to work, our first home was a rented council house, rents were affordable which allowed us to get some funds together then move on.

We didn't expect the government or anyone else to provide, but too many of today's young people even with decent jobs simply can't both pay rent and save, I don't think for one moment that most expect everything to be on tap, but they do deserve the opportunity to work and earn in order to move on.

[silver fox]

No, my advice would be to study hard at school and achieve a well paid job and save up. You don't get anything for sitting on your arse, although people do expect to.

Pray tell were are all these well paid jobs, remember not everyone is academically suited as others, but in the day even those who could only offer a strong back and hard graft could still earn a wage, these days those people are the ones who get the menial low paid jobs, the zero hour, short term jobs, not knowing from one week to the next what they can earn, these people haven't a hope in hell of ever getting a mortgage.

[Hamble]

Pray tell were are all these well paid jobs, remember not everyone is academically suited as others, but in the day even those who could only offer a strong back and hard graft could still earn a wage, these days those people are the ones who get the menial low paid jobs, the zero hour, short term jobs, not knowing from one week to the next what they can earn, these people haven't a hope in hell of ever getting a mortgage.

I think it is harder for working people today in competition with other Europeans.

[jamyramy]

its not nessescerily the competition with outlanders .its the total devaluation of hands on crafts skills of a totally alienated portion of the population ,that's making it harder.weve outsourced the skills labour market to far east ,and cheapest m/facturing bases that produce rubbish from rubbish ,to meet a cost factor as well.what a manufacturers rep sees at point of purchase out their differs in quality very miuch so from what come off the production line,after the contracts been signed.most products these days seems to have a lifespan of just over the legistated g/tee period from these places!then take a lookat the job market fr all our wannabe uni educated .by their rights according to our politicos of whatever your err.half are ending up in call centers ,tills and paper shuffling for their efforts of grandeouse asspirations led dogmas from government.

[The PNP]

I think it is harder for working people today in competition with other Europeans.

Can't see how. With a legal minimum wage of £8+, you're looking at over £400pw for 40 hours - and there are many vacancies about if you look. E.g. take two 20hour part-time jobs and you're there.

Alternatively go self-employed. Simple enough to produce accounts showing an income of £20k (even if you aren't in reality earning that much! )

Property is way cheaper inland, than it is on the coast. 3yrs ago I sold a good two-bed buy-to-let terraced house in St Helens on Boardmans Lane for £50k. Can't be that hard for someone to get together say £15k deposit and use it for a £30k mortgage, e.g. on a £45k house in that area.....affordable housing or what?