Property prices set to drop
#62
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I should also add that even though we FTB back in 2011, I do hope that houses crash significantly in price. I want my kids to be able to afford to put a roof over their heads, without having to spend 10 years saving for a deposit (or whatever the average is).
It's a disgrace of epic proportions that house prices have been allowed to get so out of control. It completely screws the younger generations over.
It's a disgrace of epic proportions that house prices have been allowed to get so out of control. It completely screws the younger generations over.
Maybe it was so long ago or perhaps it was just a fable and I should have asked:
Pray tell, when ‘twas wondrous gilded eon had, when callow youth and unsullied virgin, with neither husbandry nor heft, didst landed gentry so easily become?
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Happy Birthday and apologies to The Bard
#63
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It's a mixed market. Round here ( Lincolnshire) I know so many people still jumping on the buy to let, I can't see prices falling. Unless someone decides to change the taxation of second properties. London is a different story.
#64
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1) Spec. Yes I could of course fit a Smallbone kitchen etc however I'm talking standard contract kitchen, bathrooms etc
2) Cost of labour in my location. Yes it does, but I just want to know what it costs in Matt's area and then can make assumptions from there.
3) VAT. No VAT on new builds
4) Paying for the boss's Range Rover. I did mention that the builder should be able to make an acceptable profit ie make a living but NOT take the p1ss.
I've been quoted new build costs by my regular builder but am interested to see if it can be done competently at a cheaper price.
I'd really like to do a new build in the near future
#65
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So tell me, when was this golden age I keep hearing of when most kids could easily first time buy their way into property ownership?
Maybe it was so long ago or perhaps it was just a fable and I should have asked:
Pray tell, when ‘twas wondrous gilded eon had, when callow youth and unsullied virgin, with neither husbandry nor heft, didst landed gentry so easily become?
__________________________________________________ _______________
Happy Birthday and apologies to The Bard
Maybe it was so long ago or perhaps it was just a fable and I should have asked:
Pray tell, when ‘twas wondrous gilded eon had, when callow youth and unsullied virgin, with neither husbandry nor heft, didst landed gentry so easily become?
__________________________________________________ _______________
Happy Birthday and apologies to The Bard
1996
#66
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#70
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#71
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From the 80, to the mid to later 90's perfectly possible to buy a property in London on an averish salary
I know I bought several
I bought within 3 miles where I was born, several times in the 80,s and 90
Now impossible - even with a wage approaching six figures
Last edited by hodgy0_2; 30 April 2014 at 10:36 PM.
#72
Dont try and tell me house prices are expensive near you...
You could buy most of south Wales for the price of a flat darn the smoke..
#73
#74
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They are all rented to young professionals - they have as much chance of affording to buy the house I rent them than winning the lottery
#77
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I was drinking in Camden last Friday, and you simply can't beat the buzz
Although glad to get back to the country estate in cambs for the weekend
#80
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Unless you income is in the region of 4 to 5 hundred k
Last edited by hodgy0_2; 30 April 2014 at 10:54 PM.
#82
the closest i get to having a client is my bank manager lol
As a contractor you have to be extra careful absolutley everything has been costed and make sure your margin is protected on any extras and alterations which are inevitable.
ground conditions for instance can vary greatly and foundations can be either 4 foot deep or 14 or worse !! its just a risk you take as a spec builder
As a contractor you have to cost every 6 inches at different rates the deeper it gets.
minor changes (in the opinion of the client) can throw up all sorts of exponentional problems involving different trades who are no longer available as they have moved onto another job stretching out the contract etc etc.
to give a fixed price to a client you have to basically think of every potential problem from weather to strike action.
I dont have nearly enough experience in contracting to give you an accurate answer sorry
#84
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#86
Of course they have a choice...
Relocate..
As a young professional they can make the money they earn work better for them in a different part of the UK,surely better than being trendy but skint..
Relocate..
As a young professional they can make the money they earn work better for them in a different part of the UK,surely better than being trendy but skint..
Last edited by fatscoobfella1; 30 April 2014 at 11:20 PM.
#87
#88
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But such is the gravitational pull (financial, cultural etc) of having one of the worlds great cities omnipresent, and in close geographical reach to a lot of the uk population - it tends to distort things