Body & Soul0 min ago
Property Inflation.
61 Answers
Why is property inflation, especially housing property, considered a good thing? It's terrible for young people hoping to buy their first home, especially when so-called social or affordable housing is under attack from a government wanting to oblige local auhorities to sell off property below the market price.
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Naomi@13:36...tell that to my daughter and her partner when they were saving...in London, both with very well paid jobs. Hers in particular tied to London. Yes, maybe relocating out of the capital was an option. But...more spent on commuting. A lot more...that could go into savings.
I wasn't in a position to help...I suspect her father didn't. She got her inheritance from her grandparents in advance.
She was also paying off a huge student debt plus other debts acquired when doing her degrees.
I wasn't in a position to help...I suspect her father didn't. She got her inheritance from her grandparents in advance.
She was also paying off a huge student debt plus other debts acquired when doing her degrees.
NAOMI, this is a link to the plan www.bbc.co.uk/news/uk-politics-61739816
Michael Gove, the Secretary of State with responsibility for delivering it, was asked seven times how many folk would benefit from the plan and at one point said it was a "silly question"
https:/
Michael Gove, the Secretary of State with responsibility for delivering it, was asked seven times how many folk would benefit from the plan and at one point said it was a "silly question"
https:/
Pasta, //maybe relocating out of the capital was an option. But...more spent on commuting. A lot more...that could go into savings. //
It is an option - thousands do it. The commuting versus savings argument doesn't really gel. If they're saving but can't afford a property they may as well buy a property and pay commuting costs. At least that way they've achieved their aim - to become property owners - and the added bonus is that their money has gone into something that will appreciate in value. In my opinion the sooner young people buy a home of their own - wherever it may be - the better.
It is an option - thousands do it. The commuting versus savings argument doesn't really gel. If they're saving but can't afford a property they may as well buy a property and pay commuting costs. At least that way they've achieved their aim - to become property owners - and the added bonus is that their money has gone into something that will appreciate in value. In my opinion the sooner young people buy a home of their own - wherever it may be - the better.
