|Home| Info| Community| Business| Beaches| What to do?| Rentals| News| Forum| Blogs| Finance| History| FAQ| Contact|
Property in Norfolk
-
Ellie
- CVO Oracle
- Posts: 8886
- Joined: Thu Jan 22, 2004 5:16 pm
- Location: Londoner in the Wolds,Lincs
- Contact:
At present ,I can't see either my daughter or my youngest ever getting on the property ladder,the way things are going..
I'm not sure, but isn't the UK tops in Europe/the world for house owner-ship? Don't the majority in the States/Canada ..and europe(?) rent houses?
My mother never owned a place, was always in rented local housing. My brother, with his own home & business, offered to buy her small cottage for her. She was most indignant..as far as she was concerned,paying her rent was her independence and she always maintained she was 'looked after' well by the council. Her home was decorated every 2 years..and if anything went wrong, it was put right,with no cost to her.
Different world now though..we all want to own our homes (& all the headaches/bills that can go with it).
Thatcher started it.. and we all went along.Well most Id say(I know we did)....
and now we're stuck with it..come hell or highwater.
Nightmare now for youngsters...can't afford to buy..and probably not much to rent (reasonably that is)..
Feel sorry for them
I'm not sure, but isn't the UK tops in Europe/the world for house owner-ship? Don't the majority in the States/Canada ..and europe(?) rent houses?
My mother never owned a place, was always in rented local housing. My brother, with his own home & business, offered to buy her small cottage for her. She was most indignant..as far as she was concerned,paying her rent was her independence and she always maintained she was 'looked after' well by the council. Her home was decorated every 2 years..and if anything went wrong, it was put right,with no cost to her.
Different world now though..we all want to own our homes (& all the headaches/bills that can go with it).
Thatcher started it.. and we all went along.Well most Id say(I know we did)....
and now we're stuck with it..come hell or highwater.
Nightmare now for youngsters...can't afford to buy..and probably not much to rent (reasonably that is)..
Feel sorry for them
-
nightrider
I use to live in Surrey and I actually got so fed up with developers being given green belt sites because the media advised that they were going to give back to the local community......for young people to stay in the area "affordable homes" and this was in 1998/99. The affordable homes were then in the region of £400.000.00. I felt so strongly about the situation that I ran as an Independent Cllr in the local elections.
One of my sisters lives in Ashtead , Surrey and at the rear of her and husband's property use to be privately owned garages. Fairly recently a housing association in conjuction with the local council have purchased the garages and now a select complex is being built for Key Workers...I am not quite sure how this works, in that they will be jointly owned?
Thirdly, do they still do a special rate/deal for first time buyers?
Frankly, I do not know how young people can get their first foot on the purchase ladder and if they can how they can afford the repayments each month and nobody seems to come up with a sensible solution......... i.e. as elllie quite rightly states Maggie allowed the situation of council properties to be sold off..but then I have friends who paid for years rent to local councils and were overjoyed at the chance to purchase their own homes at greatly reduced prices.
Do you feel the answer maybe for more greenbelt sites to be used for council homes to be rented by young people..? N.R.
N.R.
One of my sisters lives in Ashtead , Surrey and at the rear of her and husband's property use to be privately owned garages. Fairly recently a housing association in conjuction with the local council have purchased the garages and now a select complex is being built for Key Workers...I am not quite sure how this works, in that they will be jointly owned?
Thirdly, do they still do a special rate/deal for first time buyers?
Frankly, I do not know how young people can get their first foot on the purchase ladder and if they can how they can afford the repayments each month and nobody seems to come up with a sensible solution......... i.e. as elllie quite rightly states Maggie allowed the situation of council properties to be sold off..but then I have friends who paid for years rent to local councils and were overjoyed at the chance to purchase their own homes at greatly reduced prices.
Do you feel the answer maybe for more greenbelt sites to be used for council homes to be rented by young people..? N.R.
N.R.
-
Ellie
- CVO Oracle
- Posts: 8886
- Joined: Thu Jan 22, 2004 5:16 pm
- Location: Londoner in the Wolds,Lincs
- Contact:
Yes NR,you're right. We bought our first home that way. But always felt a twinge of guilt,as it was against my socialist principles and if you've any conscience you knew you were taking away rented property for others, not so well off. But it didn't stop us, as family & future came first.
I don't know about the greenbelt areas for building affordable homes for locals here..but I tell you something,I'd rather see that, than some of the monstrosities that have gone up in the next village. Huge great places built on what was once beautiful open countryside..and the owners have been there less than 2 years and they're selling up again!
When you think that nice terraced cottages could have gone up and made available for renting for the locals..and they would have been more in fitting with the landscape too. I know one family that have been there most of their lives and a massive house has been built in front, blocking off all views. I expect that one will be on the market soon..they're just making a quick killing!
Mind you, local authorities usually say they can't afford to build as the lands too expensive!
I feel angry about it. If it was handled wisely, there would be room and houses enough for all..as it stands there is still a severe shortage
Thanks for that list Maddi..its answered my curiousity
I don't know about the greenbelt areas for building affordable homes for locals here..but I tell you something,I'd rather see that, than some of the monstrosities that have gone up in the next village. Huge great places built on what was once beautiful open countryside..and the owners have been there less than 2 years and they're selling up again!
When you think that nice terraced cottages could have gone up and made available for renting for the locals..and they would have been more in fitting with the landscape too. I know one family that have been there most of their lives and a massive house has been built in front, blocking off all views. I expect that one will be on the market soon..they're just making a quick killing!
Mind you, local authorities usually say they can't afford to build as the lands too expensive!
I feel angry about it. If it was handled wisely, there would be room and houses enough for all..as it stands there is still a severe shortage
Thanks for that list Maddi..its answered my curiousity
All developers in the UK have to make a percentage of their build 'affordable' housing if they are building over a certain amount - but who decides on what is affordable- many here go down the shared ownership route - with a housing association retaining a percentage.
One idea that one local council had when the drive was on for people to buy their councils houses obviously at discounted prices was to 'rent' the tenant the 'difference' if they bought in the private sector - therefore maintaining the council house stock.
When that person then sold their house in the private sector they paid back the percentage that they had been 'renting'. I have a member of staff who is that right now.
I wont use the actual figures because I am unsure of them and will use the following for ease of maths.
They could have bought their council house for £80,000 - the incentive to buy in the private sector was that they would get a mortgage for £80,000 the council will mortgage the other 20,000 (say a private sector house was £100,000). So the council own one fifth of their house. They can leave it like that until they die but should they sell as my colleague is doing then they sell for £200,000 and pay back the one fifth which is now £40,000.
However now they have higher incomes and a foot on the ladder along with £80,000 equity so can buy again in the private sector with few problems.
Maddi
A reminder that the figures are illustrative rather than actual although the percentage is accurate.
One idea that one local council had when the drive was on for people to buy their councils houses obviously at discounted prices was to 'rent' the tenant the 'difference' if they bought in the private sector - therefore maintaining the council house stock.
When that person then sold their house in the private sector they paid back the percentage that they had been 'renting'. I have a member of staff who is that right now.
I wont use the actual figures because I am unsure of them and will use the following for ease of maths.
They could have bought their council house for £80,000 - the incentive to buy in the private sector was that they would get a mortgage for £80,000 the council will mortgage the other 20,000 (say a private sector house was £100,000). So the council own one fifth of their house. They can leave it like that until they die but should they sell as my colleague is doing then they sell for £200,000 and pay back the one fifth which is now £40,000.
However now they have higher incomes and a foot on the ladder along with £80,000 equity so can buy again in the private sector with few problems.
Maddi
A reminder that the figures are illustrative rather than actual although the percentage is accurate.