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Trite Observations About the Housing Market


mjmooney

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45 minutes ago, Genie said:

2 people on £25k a year is £3.5k take home a month. That’s not mega money is it? Minimum wage is about £21k a year, 2 people on minimum wage take home over £3k a month. 

I know some people will still be priced out, and people will have to cut out the luxuries but I don’t see getting on the ladder as the impossible task some do (around here anyway).

Where they getting the deposit from?  Your average first time buyer does not spend £250k. You've been watching to much Location Location, Location. 25 year old couple in London, what's the budget, 2 million, daddy gave us 750k for the deposit, must have 2 bedrooms at least. 😂

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Just now, foreveryoung said:

Where they getting the deposit from?  Your average first time buyer does not spend £250k. You've been watching to much Location Location, Location. 25 year old couple in London, what's the budget, 2 million, daddy gave us 750k for the deposit, must have 2 bedrooms at least. 😂

If you read the other posts you’d have the answers to your questions 😉 

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1 hour ago, chrisp65 said:

We need thousands of homes here to prick this bubble. Those houses will need roads and schools and shops and dentists. 

Ha! LOTS of new housing being built around here, BIG village-sized estates. Mostly larger homes out of the reach of first time buyers, but they are being snapped up, and most have two or even three large cars on the drive. Are there local shops? Pubs? Village halls? Schools? Doctors or dentists? Bus routes? Nope. But those cars all pile onto the local roads every day, heading through slow traffic jams for more distant schools, shops... etc. 

Planning requires more than just 'building houses'. 

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38 minutes ago, mjmooney said:

Ha! LOTS of new housing being built around here, BIG village-sized estates. Mostly larger homes out of the reach of first time buyers, but they are being snapped up, and most have two or even three large cars on the drive. Are there local shops? Pubs? Village halls? Schools? Doctors or dentists? Bus routes? Nope. But those cars all pile onto the local roads every day, heading through slow traffic jams for more distant schools, shops... etc. 

Planning requires more than just 'building houses'. 

Indeed. Nothing worse than seeing a village where the last pub and post office have been converted to houses

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