Do you feel you will be trapped by the government or other institutions in working harder than ever before and pay off the loan payments, even though your salary /income has not gone up by 3 or 5 times increase as houses have made in last couple of years.
2006-10-07 03:48:07 · 9 answers · asked by Zee99 3 in Business & Finance ➔ Renting & Real Estate
Without a doubt - lifetime mortgages , as long as you live to be 106 ?
2006-10-07 03:55:23 · answer #1 · answered by MIKE D 2 · 0⤊ 0⤋
Blame the UK government, they are forcing the price of house's up because they are restricting the amount being built also. they are letting millions of immigrants into the country and they also want some where to live and we are competing with them. because they cant byuy yet but will rent, so but to let landlords are buying up all the first time buyer property and letting it out.
We are all stuffed if you havnt got a house already beacuse price will keep rising more than earnings and you will never get on the property ladder.
Also it is a very short period in time that we the people have actually been able to buy our own properties only since the first and second world wars has it really been possible because of the break up of the great estates.
But those days are now disappearing and a new land lord class is forming. Some I know own 200 flats and house's and let them out.
2006-10-09 05:57:24 · answer #2 · answered by Fox Hunter 4 · 1⤊ 0⤋
I don't think it's too high.. i think it should rise another 5% in London.. I just bought a house with my first year savings.. its as easy to buy a house in London as anywhere else in the world..
.. also London keeps attracting the most ambitious (and richest) from everywhere in the world so don't expect the house prices to drop at all...
2006-10-08 04:32:48 · answer #3 · answered by bluefame 1 · 0⤊ 0⤋
The government keeps telling us we are one of the richest countries in the world. They could have fooled me. I have been to every country in East and West Europe and from what I have seen, the British people have the lowest housing standard (smallest living space) among them.
Now they decided to start building even smaller houses under the weasel name "affordable housing". But please do not complain, we have to make room for all the immigrants pouring in, 600,000 last year alone and we still have standing room.
2006-10-07 06:54:06 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Thw thought of buying a house is just scary because of all the talks about mortgages.
2006-10-07 03:59:57 · answer #5 · answered by lilmissunshine 2 · 0⤊ 0⤋
yes, in London, up too much (driven by bonuses paid in the city)
2006-10-07 05:14:23 · answer #6 · answered by Claire 4 · 0⤊ 0⤋
yes, and it is so hard for young people to get on the property ladder now too!!
2006-10-10 00:52:47 · answer #7 · answered by ultimateplaygirl03 1 · 0⤊ 0⤋
yes
2006-10-07 03:54:01 · answer #8 · answered by melas 6 · 0⤊ 0⤋
I will do...
2006-10-07 03:50:48 · answer #9 · answered by Anonymous · 0⤊ 0⤋