Property Inflation.

[Atheist]

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.

[naomi24]

I'm not out of touch, atheist, not at all. Far from it. Perhaps your son and daughter in law should look for better paying jobs - or consider relocating to a cheaper area.

[Redhelen72]

I see the government's latest scheme is allow those on benefits who live in council houses buy said houses!
How is that a fair deal to those that work hard and rent privately?

[Redhelen72]

WOW

[naomi24]

RH, //I see the government's latest scheme is allow those on benefits who live in council houses buy said houses! //

I haven't seen that and I googled but couldn't find anything in recent news. Do you have a link?

[Atheist]

Naomi; You do make it sound rather simple. " Perhaps your son and daughter in law should look for better paying jobs."
Not that easy, I'm afraid.

[Redhelen72]

no i don't, do some more research

[naomi24]

Atheist, It's not simple - it never was - so why not look for better paying jobs? Or relocating to a cheaper area?

[pastafreak]

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.

[naomi24]

RH, your usual charming self again today I see. My apologies for troubling you.

[Neveracrossword]

Naomi, my copy of today's Times has the main story as 'Johnson to let benefit claimants buy homes' on its front page. (The Times has a paywall, I think, so I can't supply a link).

[THECORBYLOON]

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://youtu.be/fZyotcRvlZQ

[youngmafbog]

My kids managed it, I didnt pay for them.

They went without holidays and fancy cars, studied hard and then worked hard. My Youngest bought her house with her husband at age 24. They did move away to get better jobs.

As Naomi says, get a better job or move area. Or both.

[Redhelen72]

/RH, your usual charming self again today I see. My apologies for troubling you.//

Naomi as you seem to think that every statement I make is a lie what is the point in a providing evidence or you even questioning me?

[youngmafbog]

The headlines on the 'benefits mortgages' are misleading. Read the article and you will see why is actually being said.

It is pretty academic though as you would have to have savings over the 16K allowed to get the benefits. So aint gonna happen.

[naomi24]

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.

[naomi24]

RH, I'm not getting into it with you. Your paranoia is yours alone.

[bednobs]

the most ridic thing of course is that rents are often higher that a mortgage payment

[THECORBYLOON]

How many folk on benefits can afford to put down a deposit on a house?

[Redhelen72]

You are correct bednobs - I have been renting for over 20 years - the rents are higher than what we would pay in a mortgage.

We cannot not now get a mortgage as we are too old!!

[jennyjoan]

Helen - why did you not get a mortgage 20 years ago. I'm baffled at that.

I bought my (mortgage) 1988 - and was paid out around the 1990s.