I can't afford to buy a house
17-May-2008
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I can't afford to buy a house

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I am in the very unfortunate position of being unable to afford to buy a house (even a one bedroom house is out of my reach).  Around ten years ago I was able to buy a house all on my own, but after a relationship break up I had to sell the house.  Now whilst I was left with a fair amount of money after the sale, it was still not enough to buy a house on my own so unfortunately I had to rent a property instead.

I am actually still renting that same house with my new husband.  We both work and earn decent salaries, yet we still cannot afford to buy a house together because of the current state of the housing market.  We are on the council housing register, but predictably our application is rated as Low Band which means we have no hope at all of ever being allocated a council property.

Properties in a village location

We have been accepted by a housing association on one of their Shared Ownership Schemes, but the problem with this s the lack of properties that they actually build for people to own!  For example, in the last five years they have only built around six one to two bedroom flats in our area which is no where near enough for the demand.  Because there were so few properties to go around, naturally we were never offered one.

I was very hopeful that we might be eligible for the new extended Open Market Homebuy Scheme.  This turned out to be wishful thinking as well because our rating on the council housing register is low and we were therefore not eligible.

So who exactly does affordable housing help?  As far as I can see it is just key workers in specific industries and people lucky enough to have a council house or be in dire need of one.  Maybe I should give up my career and become a prison officer at the local prison.  That seems to be my only hope of ever getting help to buy a house the way things are at the moment.

By: The Unhappy Renter


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I agree completely, I too am in a similar situation, and I for one am rubbing my hands in glee in anticipation of a housing crash.

We are told that it is selfish to be happy when so many will be in negative equity; but I don't remember being shown any sympathy by people who rushed to buy their over expensive houses... I don't remember any of the greedy buy to let landlords speaking out for the poor people who can't afford to by a home. They where more interested in lining there own pockets and where happy to step on us on their way up, so why then should I have any sympathy for these people on their way back down as they reap the seeds they have sewn?

And before you say, I too will be affected, of course I will; we all will but at least I won't be as badly affected as the greedy scumbags who put us all into this situation. I gather estate agents are closing down all over the country, ah sweet justice.

the rising cost of fuel and food is adding to the situation... expect lots of strikes and a huge bang when the bubble bursts, just be be glad you don't own a house at least you won't be in negative equity in a couple of years time.
*The meek shall inherit!  09-May-2008 15:28

 
One person came on to this site to ask if anyone here knew of any part of the country good to move to in order to find a job.

She got ridiculed.

Another person came along to do nothing but mock other people.

They went away feeling satisfied.

What is the country comming to?
*Ariarnia  25-Jan-2008 18:48

 
One man went into a shop and said "I have no job and no money". The shopkeeper said "Here, take anything you want". Another man went in and said "I've been sloggin my guts out, here's all the money to cover a reasonable price". The shopkeeper said "I'm sorry I cant help you, get out".

The address of the shop? Somewhere near 10 Downing Street.
*poorgal  25-Jan-2008 16:45

 
You are living in an economic "bubble". That's why you cannot afford to buy a house. That bubble has been growing for 50 years or so. 50 years ago your great grandparents would never have dreamt of paying the kind of money for homes that we do today. They would think that people in Britain today are mad. They are.

The whole nation is mad. The Government's power depends on people maintaining that madness. Every bank and building society, the whole wealth of the nation and its creditworthiness depends on that madness continuing, and continuing for ever. But the whole is nothing but a delusion.

Everyone seems to want to belong to the madness. We are exporting it to Europe. It's the grand fashion, the latest craze. It's bigger than the Beatles. It's bigger than swinging Britain. It's the biggest thing that Britain has ever seem.

Not to be on the bandwagon of the delusion is to be a social pariah, a parasite, But year after year more are excluded. To be excluded is a sure way to total poverty.

The bubble will eventually burst. After the bubble for a while we will have the economic chaos of Zimbabwe, as the economy will have completely to be readjusted and take time before a new credit regime is established once more.

Let's call it Domomania, after Tulipomania..
*Househunter's Psychiatrist  02-Oct-2007 07:02

 
Without sounding ignorant... I couldnt be bothered to read everything you said but got the jist of it.
*leebo  28-Sep-2007 07:04

 
You will never find a home here. What it would take to provide you and the rest of the homelesss alienate nation with affordable homes would destroy the system on which the establishment in this coutry depends. Their wealth would be lost. The system they have set up cannot last forever, but the change may not arise in your lifetime. That change will pauperise this nation, but come it will.

If the collapse of the Northern Rocka building society was one example how the system is vulnerable, just imagine what would happen if every bank in this country failed at the sametime.

That time will come when there is no confidence left in the property market. That time will come.
*A Vote of No Confidence  16-Sep-2007 23:25

 
hiya, my partner & I cant afford a house /flat/shed! to live in!!
I am not well and cant work, he apprantly earns a good wage.......yet every month we have no money left over after rent/bills etc, and we stopped going out/buying clothes/car/food!!! to save for a deposit, I think it might take as 30 odd years to save at this rate!
I have been told I need to start trying for kids due to my health, I am 27 and my partner is 30, but we cant as we cant afford it!!
lifes on hold waiting to be able to find somewhere to live...........this country is Money mad, no wonder everyone is moving abroad!
*losing the ploT!  16-Sep-2007 02:28

 
Britons face 'lifetime of debts'

Low income, combined with badly informed and poorly understood financial decisions, are at the root of many debt problems

It could take 77 years on average for people asking Citizens Advice for help with debt to get back into the black, a report from the charity has said.

This is because most of those asking the charity for help with debt were on just half the national average income.

People were condemned to a "lifetime of poverty" burdened by debt, the charity said, with many unable to afford the fees payable for declaring bankruptcy.

Britain really does suck for most of its denizens
*Poor Old Britain  13-Sep-2007 10:27

 
I can't afford to buy a house either. I am currently trying to save but thay are so expensive. I refuse to rent as it's wasted money, plus it's just lining the pockets of these buy-to-let monsters who are destroying the first time buyer market for us all.

I have got round this by living in a static caravan (which I own). It's cold in winter but the warm feeling I get from knowing I'm not giving landlords money helps to keep me warm on cold winter's nights! It's cheaper than renting a house so you can easily save for a real house while you live there. I've managed £3,000 in 6 months! But a word of warning: not all sites open all year round, the one I live on opens 50 weeks a year, but all you do is go to a hot country for 2 weeks in January!
*Homeless not helpless  09-Sep-2007 21:24

 
Im on 13k a year! Those on 20k+ are very fortunate. I went to buy a place with my girlfriend, had the offer accepted, only to find out a developer (ignoring that our offer was accepted) went round and offered to buy the place with cash! Where is the morals!!!! I just want a place to live!
*Gym  28-Jun-2007 12:54

 
To Want to Die:
Don't move to the US..I am in the EXACT same boat minus children. I am 30, and my husband and I live with my parents. I have a bachelors degree and have been searching for a job since Jan. of 2005, yes 2005. I've only been able to find freelance positions because my field is being outsourced to other countries OR companies hire freelance for specific projects to save on costs for insurance and salaries. I, too, feel like a failure, and we don't have the means you do in the UK. Affordable housing is available, if you have children, but the housing is apartments, AND, in VERY undesirable areas. I will not walk these cities in the day let alone at night. But, there is light at the end of the tunnel (I hope).
I will be going back to school, again, to become a teacher in my overflooded field. At least, I know there will always be a demand for teachers and hopefully, I will FINALLY be able to find steady income. Hopefully, we will be able to move (ANYWHERE, including an apartment or condo) and be able to have children because I don't want to be too old when we have our first.

Good luck to you, and cheers on the new arrival!
*NJ USA Resident  16-Jun-2007 19:08

 
Can't afford to buy a house? Tough! You only want a house, to own a house because you are insatiably greedy. You only want that house for profit, not to live in. You've only been taught by all the other creeps who live in Britain, the TV programmes, the media, that it's an absolute must to own a house.

Rent an igloo, you morons! Live on a ship. Pitch your tent. Buy a gipsy caravan. Become a traveller.

Die intestate owning nothing. You're free!
*Houseless  13-Jun-2007 20:41


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