terribleturner Posted January 10, 2006 Share Posted January 10, 2006 I hate them i hate them i hate them. If it wasn't for property development shows then the majority of England wouldn't bother tarting up their houses making them worth more, which in turn means that they are then out of my price range. It's crap. Mr 3 bedrooms tidys up his place meaning Mr. 2 Bedrooms needs to do his up to be able to get close to affording a 3 bedroom. Then Studio and 1 bedroom owners refurb their places to get extra money for their next step up and what can i do?? Jobs will only pay so much for the work you do and banks and lenders will only loan so much at a reasonable rate. So all that's left is to throw your money on rent that could have been put towards your mortgage for a place you could of call your own. it's rubbish. Moan over Link to comment Share on other sites More sharing options...
how_supra Posted January 10, 2006 Share Posted January 10, 2006 You already know my feelings on the whole topic. Then when you do find a place you can afford, estate agents and people selling their property try and screw you over even more. I'm going to buy a tent. Link to comment Share on other sites More sharing options...
Scarface GTti Posted January 10, 2006 Share Posted January 10, 2006 Well it never bothered me as out in the countryside here was the last retreat, but now you can`t move for friggin` Londoners that have bought anything that is nailed down and we now have a village full of twenty somethings living with their parents because if there is anywhere left to buy the price is through the roof because although its alot of money for us locals, the Londoners see it as small change for a "quaint" weekend retreat! Rant over guvnor! Link to comment Share on other sites More sharing options...
Ceptik Posted January 10, 2006 Share Posted January 10, 2006 Agreed with this. Im having to move out (hence selling the Supe) as my parents are moving to Rayleigh. With the cost of travel alone it would bring it up to £300 a month! So im moving further into London so i dont need to travel as much. Only thing i can afford as close to work as possible are tiny 1 bed places for £200 a week. Its a joke but it has to be done. Link to comment Share on other sites More sharing options...
SkyJawa Posted January 10, 2006 Share Posted January 10, 2006 Amen James - I've thought this for a while now. I work in IT, not a bad wage (compared to what others must be on in other kinds of jobs) in the SE and I can't even afford a 1 bed studio around here, I'd need to move 100 miles away to get even a bit more affordable. The UK sucks. Looking into emmigrating to NZ at the moment. Link to comment Share on other sites More sharing options...
Ark Posted January 10, 2006 Share Posted January 10, 2006 Well it never bothered me as out in the countryside here was the last retreat, but now you can`t move for friggin` Londoners that have bought anything that is nailed down and we now have a village full of twenty somethings living with their parents because if there is anywhere left to buy the price is through the roof because although its alot of money for us locals, the Londoners see it as small change for a "quaint" weekend retreat! Rant over guvnor! A lot of them give up on the idea after a while, surely...once they realise there aren't 24 hour ammenities, easy travel, 100% reliable electricity, plus the constant smell of cow-shit. Anyway, housing is a buyers market - if the prices continue upwards, no one can afford to get onto the property ladder, so no one else can trade up until prices drop again - it always finds its equilibrium with the current state of the economy. Link to comment Share on other sites More sharing options...
Scoboblio Posted January 10, 2006 Share Posted January 10, 2006 I hate those shows for the simple reason that there's so bloody many of them, if not based in this country then abroad. Burn them all!!! Link to comment Share on other sites More sharing options...
Charlotte Posted January 10, 2006 Share Posted January 10, 2006 Amen James - I've thought this for a while now. I work in IT, not a bad wage (compared to what others must be on in other kinds of jobs) in the SE and I can't even afford a 1 bed studio around here, I'd need to move 100 miles away to get even a bit more affordable. The UK sucks. Looking into emmigrating to NZ at the moment. I know exactly what you mean having grown up in Farnham, just down the road from you. There was no way that i was going to be able to afford to buy on my own there. My sister moved to Bordon because the prices were better for her (not much better but not £300k for a two bed ex council masionette). Luckily (or maybe not) Mike got a job in Portsmouth so we moved down here but the prices aren't much better unless you want to live in a 2 up 2 down street house with absolutely no where to park and someone being stabbed in the next road along. When we were looking about 3 years ago even the most dodgy places were just over our price range and neither of us earn a bad wage. We were looking at completely the wrong time though when the prices were sky high and the sellers expectations were extremely high. In the end we had to buy a fixer uper which we are still working on now! There is always someone with a story of how they bought at just the right time and they are now a property tycoon tho. Link to comment Share on other sites More sharing options...
terribleturner Posted January 10, 2006 Author Share Posted January 10, 2006 I think they need to air shows that show the bad side of property development. Like property ladder when they show someone who goes over budget and way over their time period, but instead of makeing £50,000 they actually loose money Is that evil?? I don't know, but it may make people think twice before doing these things. Link to comment Share on other sites More sharing options...
black cat Posted January 10, 2006 Share Posted January 10, 2006 i bought my house for 62,500 jan 2000. i sold it last sat for 148,000 :D crazzy money. bring on the garage................ :ecstatic: tt steve Link to comment Share on other sites More sharing options...
SkyJawa Posted January 10, 2006 Share Posted January 10, 2006 I know exactly what you mean having grown up in Farnham, just down the road from you. There was no way that i was going to be able to afford to buy on my own there. My sister moved to Bordon because the prices were better for her (not much better but not £300k for a two bed ex council masionette). Luckily (or maybe not) Mike got a job in Portsmouth so we moved down here but the prices aren't much better unless you want to live in a 2 up 2 down street house with absolutely no where to park and someone being stabbed in the next road along. When we were looking about 3 years ago even the most dodgy places were just over our price range and neither of us earn a bad wage. We were looking at completely the wrong time though when the prices were sky high and the sellers expectations were extremely high. In the end we had to buy a fixer uper which we are still working on now! There is always someone with a story of how they bought at just the right time and they are now a property tycoon tho. Thats what my sis and bro-in-law did. The picked up a 3 double bed place in Tongham for less than 170k. It was a dump, and not livable in due to the state of the inside. It had been on the market for months. They bought it, completely gutted it, I took a week off and we fitted a new kitchen and bathroom. New carpets throughout etc - its now worth shed loads more! I think this is one of the few ways to actually buy something decent but it is a lot of work......... Link to comment Share on other sites More sharing options...
Charlotte Posted January 10, 2006 Share Posted January 10, 2006 i bought my house for 62,500 jan 2000. i sold it last sat for 148,000 :D crazzy money. bring on the garage................ :ecstatic: tt steve you can get a garage where you are for £148K????? You can't even guarantee a space outside your house on the street for that here.... Link to comment Share on other sites More sharing options...
toyotasuprauk Posted January 10, 2006 Share Posted January 10, 2006 I have to say I quite like those programs although I do prefer the ones that actually teach you how to do stuff, it helps me get ideas. I agree the propery prices in the UK are far, far too expensive though. When I was 18 there was a flat near me for £26K but I wasnt ready to buy back then, 5 years later its worth £115K! Link to comment Share on other sites More sharing options...
Whitesupraboy2 Posted January 10, 2006 Share Posted January 10, 2006 you hate people like me then. Im lucky i bought a 2 bedroom house beginning of last yr when i was 21 and been doing it up, nice new kitchen / bathroom / lounge and heating system. (dont even live in it, i rent it out to pay for itself ) It price has gone up by an amazing amount when i had it revalued beginning of december. Link to comment Share on other sites More sharing options...
black cat Posted January 10, 2006 Share Posted January 10, 2006 you can get a garage where you are for £148K????? You can't even guarantee a space outside your house on the street for that here.... sup just fits in its new home but theres scope to make the garage bigger:read: Link to comment Share on other sites More sharing options...
terribleturner Posted January 10, 2006 Author Share Posted January 10, 2006 £148K With garage?? That sort of price will get me a one bedroom flat with off road parking. Link to comment Share on other sites More sharing options...
black cat Posted January 10, 2006 Share Posted January 10, 2006 £148K With garage?? That sort of price will get me a one bedroom flat with off road parking. no, i had no garage just bought for 183,000 now i do, thats if it all goes through ok.......... tt steve Link to comment Share on other sites More sharing options...
toyotasuprauk Posted January 10, 2006 Share Posted January 10, 2006 Good luck with it, the property ladder is good if you play it right, and I enjoy working on the place. Going to learn to plaster next! Link to comment Share on other sites More sharing options...
how_supra Posted January 10, 2006 Share Posted January 10, 2006 Good luck with it, the property ladder is good if you play it right, and I enjoy working on the place. Going to learn to plaster next! The property ladder is good true, but [and its a big but] you have to be able to afford to get on it in the first place. :thumbdown Link to comment Share on other sites More sharing options...
toyotasuprauk Posted January 10, 2006 Share Posted January 10, 2006 Its all wrong I know. People that can afford to pay rent which is the same amount as a mortgage would be, but they can’t get a mortgage because the property is too expensive. Link to comment Share on other sites More sharing options...
how_supra Posted January 10, 2006 Share Posted January 10, 2006 Its all wrong I know. People that can afford to pay rent which is the same amount as a mortgage would be, but they can’t get a mortgage because the property is too expensive. To rent a studio flat will cost me more than a mortgage for £90,000. But the banks will only lend me £90,000 and that buys sod all nowadays. 100% mortgage also with all my uni debts etc. At least I am not the only person in the same boat. Link to comment Share on other sites More sharing options...
penguin Posted January 10, 2006 Share Posted January 10, 2006 The property ladder is good true, but [and its a big but] you have to be able to afford to get on it in the first place. :thumbdown very true, hard to get onto.... me and my sister got our first house together (which is being rented out), since the price rose by a crazy amount, we took out a topup mortgage, and got 2 *2bed apartments each.... again, that will be on rent when completed... uncle of mine collects over £7k A MONTH in rent after he pays off mortgages etc etc on his properties... with an income like that.... get your foot on the ladder with someone! and do it quick! Link to comment Share on other sites More sharing options...
how_supra Posted January 10, 2006 Share Posted January 10, 2006 very true, hard to get onto.... me and my sister got our first house together (which is being rented out), since the price rose by a crazy amount, we took out a topup mortgage, and got 2 *2bed apartments each.... again, that will be on rent when completed... uncle of mine collects over £7k A MONTH in rent after he pays off mortgages etc etc on his properties... with an income like that.... get your foot on the ladder with someone! and do it quick! Flippin heck, you timed that well There is no one I can do a joint purchase with. Link to comment Share on other sites More sharing options...
China Man Posted January 10, 2006 Share Posted January 10, 2006 I don't think the doing up house get the price of houses increases. There will be a max value that any house will get in terms of refurbishments. A good moden and good condition house will defo sell quick tho. development programs teach you how to make the max out of a house the most efficiently, e.g. no sky light and expensive toliet taps if you want to make money out of the house. The house prices driver itself. I bought mine three years ago and I bite the bullet and bought it anyway, was very very hard the first year when the money spent is way more than income...... I would have a supra with single turbo and full body kit if I haven't bought the house but I think the money we earned by house prices going up in the last three years can buy me a few single turbo supra over China Link to comment Share on other sites More sharing options...
terribleturner Posted January 11, 2006 Author Share Posted January 11, 2006 But Benson, do you not think that if people cleaned up their house like change the bathroom tap and put in double glazing then say the house will be worth say for arguments sake an extra £5K, but people now think after watching these shows lets change this spare room into an en suite and the kitchen we will refurb with brand new high tech stuff now adding another £20K. People need to live in houses and if the family grows then your gonna need more space and will eventually have to buy the house that's £20K extra instead of the £5K. There are some great ideas and i'm all for making a profit on something you sell, but it's a knock on effect that is making a gap at the stage where people what to buy a house. Isn't the average wage like 20 grand or something?? So you get a mortgage through HSBC and they give you 3 and a half times your wage, so 70K and of that they like you to have a 10% deposit making your price (being generous) 80K. Where on earth will you have to move to buy somewhere for 80K that's not some grotty studio flat?? Link to comment Share on other sites More sharing options...
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