Originally posted by @Coxford_lou
Originally posted by @Barry-Sanchez
Originally posted by @Coxford_lou
Originally posted by @Barry-Sanchez
How anyone can afford a nice house and a nice standard of living and also brong kids up is beyond me.
You aspirational middle class bastard!
Thats no way to speak to ant!
I always guessed you were a closest Tory!
Ha ha, I’ve been found out!
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Never trust a socialist home owner 
Well the bank owns my home until I pay it off in 25 years but years I am forced into a corner but my principles are the same, Ownership isn’t neccassarily a bad thing, a monopoly is though.
And I don’t trust myself to have a piss without it flying all over the tiles…
Just teasing ya, Barry
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Originally posted by @Barry-Sanchez
Thats no way to speak to ant!
Haha! Nicely done.
Personally speaking, I’m back to renting now. Had help with the deposit last time so it’s back to square one (albeit with a small payout from the ex, who’s kept the house).
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Shy Tory…
I am old enough, and bought my first place young enough, to have lost money on a property. And it was not up north. Over 5 years it lost 20% of its value. It can happen.
I can not see it happening over a period of time down South ever, or until they build more affordable housing.
We bought our first house, a 3 bedroom end of terrace (sort of) house in '96 for £58k, sold it 8 years later for £180k.
We paid that for our next 3 bedroom house which we sold 2 years later for a loss. However we were buying a house with my Father in Law (a 4 bedroom detached house) for £250k. He sold his 2 bedroom bungalow for £300k (I think) and gave us £125k towards the new house.
That was 9 years ago and we have a small mortgage left on the house and I have no idea how much it is now worth but somewhere near £400k wouldn’t be wildly off of the mark.
Howver it’s really a false economy as if we want to upgrade the houses we want to upgrade to would have gone up by a similar %age therefore making them very expensive. I would only ever sell if I was going to downsize…
Prices in the North haven’t gone up by that much and won’t which is good, how will today’s generation afford a house? My thinking is they’ll only be able to afford a % and the bank owns the rest.
Either way its very worrying.
It’s a delusion for sure, but in most cases, a healthy one. Most people realise that owning a house worth $x does’nt really mean shit unless they have good financial skills, and are prepared to work hard and be nomadic for several years to make any kind of profit.
It’s just like buying a lottery ticket. You can dream of being a millionaire until they draw the numbers.
I think that deep down, for most people it’s simply all about having a feeling of worth, even though they know full well they are deliberately deluding themselves if only for a sense of well-being.
Dreaming is not always a bad thing IMO