UK house prices at all time high

[Anonymous No.22121822]

https://www.bbc.co.uk/news/business-53995878

Discuss

[Anonymous No.22121917]

House prices propped up by the govt. and this will never change. All those zoomers waiting for the house prices to crash are fucking retarded and will just end up getting priced out of the market.

[Anonymous No.22121918]

I don't know a single person in the UK that failed to get a house by the time they were 25. Prices are fine and you're poor and/or out of work if you can't afford one.

[Anonymous No.22121939]

imagine wanting to live in that smelly country

[Anonymous No.22121944]

>>22121822
>>275576026

[Anonymous No.22121977]

>>22121918
What's it like working as a real estate agent?

[Anonymous No.22121991]

>>22121939
>imagine wanting to live in that smelly country
Imagine wanting to live in that shit hole called the us.

[Anonymous No.22122001]

>>22121977
Lmao gigantic rinse

[Anonymous No.22122007]

>>22121822
I thought you just showed up with 8 kids and brown skin not speaking english and they just gave you a house

[Anonymous No.22122018]

>>22121822
I don't care. I'm building capital here then I'm going back to Italy to buy a house. Fuck this country lmao

[Anonymous No.22122020]

>>22121918
It's doable as long as it's not in London.

[Anonymous No.22122022]

>>22121822
GOD I LOVE DEANOBOXES

[Anonymous No.22122040]

>>22121917
This unironically

[Anonymous No.22122058]

>>22122022
>labelling any generic new-build property as a "Deanobox"

Absolute cringe desu senpai

[Anonymous No.22122076]

>>22122058
Are you a proud owner of a Barratt homes cuckshed?

[Anonymous No.22122081]

>bought a £220k house 3 years ago

Feels pretty good man - my mortgage is now like £140k remaining as been paying it off quicker

[Anonymous No.22122091]

>>22122076
David Wilson but not a new build.

What house do you live in.... hahahahaha

[Anonymous No.22122112]

>>22122076
That pic is absolute gold though haha

[Anonymous No.22122120]

>>22121917
>a million zoomers wait for a dip
>all surge at one to buy
>prices actually skyrocket

These people aren't very clever are they

[Anonymous No.22122145]

>>22122091
1980s estate, 4 bed detached. If my house was built today you could squeeze another cuckshed on to the plot, but thankfully I've got a big fuck off garden and drive.

[Anonymous No.22122148]

>>22121822
Give it to me straight. Are they actually never going to go down?

[Anonymous No.22122162]

>>22122145
lmao imagine unironically living in one of those fucking boxes

[Anonymous No.22122172]

>>22122145
forgot to add: it's the exact opposite of that photo

[Anonymous No.22122223]

>>22122112
cont.

>>22122148
3 million bugmen chinks flooding in to this country soon. look what happened to sydney and vancouver

[Anonymous No.22122269]

>>22122148

The only house price dip possible in the UK is 20%, as otherwise the banks backing your mortgage will go bankrupt.

When noone could afford to pay their mortgage, they gave everyone mortgage holidays instead of repoing homes for the same reason. If house prices drop then the banks, stockmarkets, pensions are fucked.

In the UK a mortgage is like a financial nuclear weapon, on masse it becomes a weapon of mutually assured destruction, which ensures the people are protected by banks.

[Anonymous No.22122283]

>>22122076
fucking sides at that image

[Anonymous No.22122721]

>>22122269
I'm expecting a 10-15% dip Q2/Q3 when the mortgage defaults and evictions start

[Anonymous No.22122773]

>>22121917
>House prices rising completely out of proportion with wages
>This will last forever

[Anonymous No.22122785]

>>22122022
damn lol you'd get the same property here for 100k

[Anonymous No.22122835]

>>22122145
>>22122022
>>22122076
Man what is it with these tiny af windows on these houses? Do bongs hate natural light?

[Anonymous No.22122973]

>>22122835
There's nothing outside but desolated fields with ever-persistent fog and rain. They would rather live in their brick mazes they call neighborhoods.

[Anonymous No.22123002]

>>22122835
https://www.rightmove.co.uk/property-for-sale/property-54943119.html
got to pay for a window licence

[Anonymous No.22123118]

>>22121918
> 24
> 50k Salary
> Take home 3k per month after taxes + loan
> General expenses (rent, food, leisure, enjoying my money) = £1500 to £1800
> Save £1200 to £1500 a month
> Deposits for a decent house 10%. Decent houses just outside of London min £500k. Need 50k, or 3 years of savings inside ISA.
> Mortgage is then 3x more expensive than rent (£2100 vs £760).

Ownership is so fucking easy for anyone who wants to live North of London, but we all know that is a dead-end for opportunities and I'm never moving to Manchester. South of London is near enough impossible for a decent house unless you earn £100k + or have also have a high-earning partner

[Anonymous No.22123169]

>>22122785
where do you live?

[Anonymous No.22123252]

>>22123118
Have you considered getting out of London? I find the Midlands pretty peaceful but I am in a more affluent area. House prices aren’t quite manchester/north cheap though.

Would you benefit from taking a salary drop and moving out of London somewhere cheaper?

[Anonymous No.22123254]

>>22123118
Fuck - what do you do and where? I’m 24 yo in engineering on 33k

[Anonymous No.22123412]

>>22123252
Oh 100% I am dying to get out of London, it's an absolute shithole and I pity anyone who spends 600k on these new build 1 bed flats.

I'd be happy to take a salary drop, but preferably in the south. I just don't like the North. Funnily enough I would rather try to start a business first before settling down and buying a house and would like to do some travelling eventually, I'll give myself till I'm 30 to buy one.

>>22123254
I'm a Technology Consultant at a very large company. My day job is a mixture of writing requirements, talking to stakeholders, writing SQL, delivering Proof of Concepts etc. It's good money, but I often have the thoughts of 'why am I wasting my time delivering a system nobody will use in 5 years', probs just the quarter-life crisis speaking though

[Anonymous No.22123601]

>>22123412
Now try being near minimum wage with sub 20k salary. See if you can buy a house then

[Anonymous No.22123792]

>>22122773
>This will last forever

Yes as long as the monetary base grows faster than the housing supply this will keep happening

https://fred.stlouisfed.org/series/BOGMBASE

this happening in the roman empire and destroyed a generation leading to the crisis of the third century as roman demographic collapsed and needed to import refugees to keep the state working.

[Anonymous No.22123954]

>>22123118
>Have you tried just earning £50k?

[Anonymous No.22123992]

>>22123254
>tfw graduated this year and about to start a 41k engineering grad job in the midlands
COMFY

[Anonymous No.22124028]

But no one's fucking buying at the moment. Why can't I sell my rentals, been on the market since march.

[Anonymous No.22124033]

>>22123118
Just earn 50k bruv

[Anonymous No.22124172]

>>22124028
>But no one's fucking buying at the moment
>The recent increase in prices has been the result of a range of factors, including demand carried over from lockdown or brought forward owing to the temporary suspension of stamp duty for some homes in England and Northern Ireland. In addition, the number of sales is still comparatively low, making prices more volatile.

tl;dr in crypto terms, thin order books causing a spike

[Anonymous No.22124266]

>>22123601
Not trying to come across as boastful or anything if that's what you're implying. I was merely stating that even well-off people like myself are in no position to buy a house (sure, I could buy up North, but I'm simply not going to do that). Any mortgage I would get in the foreseeable future would be 2-3x my monthly rent.

Housing in the UK is atrocious and frankly it should be deducted as a pre-tax payment from our salaries, mortgage or rent; this would save people hundreds into thousands each year.

[Anonymous No.22124321]

>>22121917
most are priced out already kek

[Anonymous No.22124785]

Is the Southwest worth looking into ?

[Anonymous No.22124853]

It's honestly really stressing me out.
Trying to buy at the moment and there's just nothing on the market that I like. I started looking in Feb but kinda held off because I did a bit of travelling, got back and the whole lockdown thing happened.

[Anonymous No.22124888]

>>22123118
Nobody is going to lend you money if you are saying your repayment (2100) will be 50% of your gross income lmao. 28% is the norm. This might be news to you but the bank could just buy the house if it wanted to. The whole point for them is to make money on the interest you pay over 25 years. Sure you can overpay after the deal is settled but this will be subject to limits as, again, the bank wants you paying interest reliably over the full term. Stop thinking in terms of mininum deposit percentage because it's just not relevant at all especially in london. If you have 50k saved then great you can already afford a house in most of the country because the median price is 230k or whatever.

[Anonymous No.22125432]

>>22122081
>buy a nice detached Victorian house with huge garden, driveway, annexe on a quiet, pretty cul de sac (no through road so no traffic) 10 mins away from a city centre
>big mortgage but just about doable
>1 year later wife gets cancer
>oh shit. All the finances fall on my shoulders
>Anon, have you checked your insurance policies?
>No. Check insurance, see we have cover
>Mortgage is paid off
>Relief
>House now worth half as much again
>Wife's cancer comes back
>Maybe 5 years left.
>Will have to sell house as I won't want to live there afterwards.

[Anonymous No.22125674]

Just paid cash (RTA pay out) for a house up north,
3 bed, dining room, living room, massive back garden and front, garage.
£182k down from £230k as it was an old couple, one of them died and corona kicked in, they wanted rid of the place. They asked for £200k and i low balled them, they were desperate I think and accepted, just waiting for land searches etc and I should be in the next couple of weeks.

[Anonymous No.22125688]

>>22124785
Bristol is pretty comfy, some half decent house prices here too

[Anonymous No.22125709]

>>22125432
This happened to you? Sorry anon

[Anonymous No.22125731]

>>22121917
The only winning move is to accumulate money and move out somewhere else, where there is a smaller housing bubble. Forget big cities, forget "Hotel Towns". You have to be willing to relocate in today's world if you want a normal life.

[Anonymous No.22125735]

>>22121917

>Pricing a majority out of the market makes a market sustainable.

[Anonymous No.22125797]

>>22121991

T. Someone that has never left Blighty

[Anonymous No.22125869]

>>22123992
Shieeet, what sector??

[Anonymous No.22125872]

>>22121822
If you have your money in the bank you are about to get screwed by inflation. Holding property is comfy because on a mortgage you are basically 4x leveraging inflation