deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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I was talking to people at work about houses and stuff.
One woman bought her own house at 18, in 1981 in Doncaster.
Her deposit was £600, and the total house value was £10k. Her mortgage was about £25/month and she earnt about £3k/year.
28 years on and 
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Colin
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Registered: 4th Apr 02
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My Granny paid something like £1200 for her bungalow. Shes lived in it for something daft like 47 years!! 
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Matt H
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Registered: 11th Sep 01
Location: South Yorkshire
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My grans house cost something like £50 in Sheffield...it's now a "trendy area" & they go for about £350K upwards 
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Colin
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Registered: 4th Apr 02
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Like ive always maintained, invest in property, you cant go wrong!! Fuck pensions!!
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dannymccann
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Registered: 9th Aug 06
Location: Doddington, Lincolnshire
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But Colingus surely we reached a ceiling a year ago? Salaries arent inflating at the same rate = this housing crash thing (and the CC obv) and property is only worth what someone will/can pay for it?
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MarkM
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Registered: 11th Apr 01
Location: Liverpool
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My Nan and Grandad paid £5000 for their house over 50 years ago!! They said at the time it was a lot of money and they were unsure whether to take the plunge...
It's obviously worth a lot more now...
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stuartmitchell
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Registered: 24th Apr 04
Location: Kirkliston, Edinburgh
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quote:
Originally posted by dannymccann
But Colingus surely we reached a ceiling a year ago? Salaries arent inflating at the same rate = this housing crash thing (and the CC obv) and property is only worth what someone will/can pay for it?
Rental prices are on the increase though and the market has bottomed out. Ideal time to buy.
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pow
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Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
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My Nan's first house was £1200
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Neo
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Registered: 20th Feb 07
Location: Essex
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quote:
Originally posted by MarkM
My Nan and Grandad paid £5000 for their house over 50 years ago!! They said at the time it was a lot of money and they were unsure whether to take the plunge...
It's obviously worth a lot more now...
same
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johnhara1
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Registered: 19th Oct 06
Location: Newcastle upon Tyne
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My grandad paid about 5K for his house many years ago.
He recently got double glazing put in and the windows cost more than the house
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RichR
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Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
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My Grandad paid £500 for his first house just after WW2; at the time he was earning £150 a year with a very small amount from my Nan's earnings; so essentially they paid 3 times their annual wage.
Me and the missus paid les than 1.7x our annual wage; so in my mind - I'm in a better position than my Granadad was when he first started out.
What you have to remember is to not view that house price as £150/£500 etc; you have to consider it as a multiple of the average salary at the time to account for the inflation oer the years since. £150/£500 sounds like nothing now but back then it was a mountain of cash! Plus remember its also when they had pounds, shillings and pence so the currency structure was different as well
[Edited on 19-02-2009 by LiVe LeE]
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J da Silva
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Registered: 10th Apr 03
Location: The FACTory
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quote:
Originally posted by Colin
Like ive always maintained, invest in property, you cant go wrong!! Fuck pensions!!
Yeah, I don't have a pension, look at the problems they are bringing now.
Property hoarding is my game. 
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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quote:
Originally posted by LiVe LeE
What you have to remember is to not view that house price as £150/£500 etc; you have to consider it as a multiple of the average salary at the time to account for the inflation oer the years since. £150/£500 sounds like nothing now but back then it was a mountain of cash! Plus remember its also when they had pounds, shillings and pence so the currency structure was different as well
I took this into account with the lady at work. The house was £5k or what ever, but she only earned about £2k/year.
Sadly, if I'm lucky enough to start on about £25k after I graduate through a Graduate Scheme, 3 x that gets absolutely nothing around here.
[Edited on 19-02-2009 by deano87]
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mattk
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Registered: 27th Feb 06
Location: St. Helens
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im aiming low, 65k is abouth the sort of stuff I want, seen a good few
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dannymccann
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Registered: 9th Aug 06
Location: Doddington, Lincolnshire
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quote:
Originally posted by mattk
im aiming low, 65k is abouth the sort of stuff I want, seen a good few
Dunno about the local prices round your way, but not going to get you much is it? £80k round Lincoln way gets you a nice 2 bed semi, a bit of TLC 3 bed, £100k gets you a 10 year old 3 bed semi in a nice area.
Although I guess with you being in the trade you know the people to get the dog houses up to spec 
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Mad Moe
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Registered: 14th Jun 01
Location: Northumberland
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My parents built their own house 23 years ago for about £48K it's not worth about £560K
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mattk
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Registered: 27th Feb 06
Location: St. Helens
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quote:
Originally posted by dannymccann
quote:
Originally posted by mattk
im aiming low, 65k is abouth the sort of stuff I want, seen a good few
Dunno about the local prices round your way, but not going to get you much is it? £80k round Lincoln way gets you a nice 2 bed semi, a bit of TLC 3 bed, £100k gets you a 10 year old 3 bed semi in a nice area.
65k round here will get me a good sized 3 bed ex council house thats "in need of modernisation" there is one I have my eye on but things are slow at work and I need about 2k more for a healthy deposit, dont really want to use the minimum 15% I want a few k more. If I had as much work now as I did this time last year Id bite their hand off.. its in a good area too, the full row is private owned. this one is just really scruffy 
Although I guess with you being in the trade you know the people to get the dog houses up to spec
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stubbsy05
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Registered: 23rd Oct 02
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My Dads house is valued at £375k-£400k
He bought it for £250k in 2002 off my grandparents who bought it in 1966 for £1500!!
[Edited on 20-02-2009 by stubbsy05]
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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danny and matt, you're gits for living up north. If you're bored, my postcode is SG18, look for properties in the area
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a_j_mair
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Registered: 23rd Jan 04
Location: Scotland
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our children will be saying the same thing in25yrs time
im with colin and silva
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Marc
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Registered: 11th Aug 02
Location: York
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Prices near me for 3 bed semis in 2003 were about 70k. Now you can't even get a 1 bed flat for that!
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John
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Registered: 30th Jun 03
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quote:
Originally posted by deano87
danny and matt, you're gits for living up north. If you're bored, my postcode is SG18, look for properties in the area
Loads of 2 and 3 bedroom semis for under 100k within a 10 mile radius.
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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quote:
Originally posted by Matt H
My grans house cost something like £50 in Sheffield...it's now a "trendy area" & they go for about £350 upwards
To live in Yorkshire hey
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Nath
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Registered: 3rd Apr 02
Location: MK
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quote:
Originally posted by Mad Moe
My parents built their own house 23 years ago for about £48K it's not worth about £560K
Why not?
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dannymccann
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Registered: 9th Aug 06
Location: Doddington, Lincolnshire
User status: Offline
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quote:
Originally posted by Cosmo
quote:
Originally posted by Matt H
My grans house cost something like £50 in Sheffield...it's now a "trendy area" & they go for about £350 upwards
To live in Yorkshire hey
^
Deano:
75% SO
Brussels Way, Luton
Brussels Way again
Houghton Regis
St Neots
Obv I dunno what you are looking for, but I would say you are fairly limited by the lack of choice under 100k when the majorit of them look either like caravans or shared ownership between 25% - 50%
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