To be totally fucked off that we just cannot afford to buy ANYWHERE

[TheLowestFormOfWit]

I earn £50k, DP earns £45k. We have savings of £26k.

We live in a two bed flat and have two DCs (our DD and DSD) so need to move to a three bed place.

Can we afford anywhere remotely close to the area we need to live in? Can we bollocks.

Every house sale goes to a bidding war with people paying up to £70k over the asking price.

House prices in our area are going up by about £5k a week.

It's insane. I feel like we're going to be stuck in this flat forever.

Who the hell can afford to buy houses these days? Seriously, who are these people that an afford £600k for a three bed in East London? What do they do??

So do you own the flat you live in now or are you renting? If you are desperate for space, can you rent a different flat or house? If you have a real need to buy somewhere to feel it's yours, (and I can understand that), then why not buy an inexpensive weekend place on the coast somewhere? You could let it out to offset your costs and you would have a toehold on the property market.

Because we want to have another child expat.

Yes Tinkly I think that's what we might end up doing - renting a bigger place. Rents are high too though, it feels like just chucking money away when it could be buying us bricks and mortar.

We own the flat we live in now but there's not much equity in it .

Is there really nothing for £350?

I live in south London so am curious.

Are you seriously moaning when you earn that kind of money?!

#snob

We do have some options and we are looking at them.

I mainly just needed to have a massive moan about how ludicrous London is.

Can't remember which poster said you couldn't pay them to live in the scummy expensive parts was so right!

Most of Walthamstow, Leyton and Leytonstone is an absolute shitehole. If it wasn't for DSD we'd have been out of here ages ago. Yet we need to find £150k for an extra bedroom and the privilege of living in betting shop and fried chicken shop central.

Well it kind of defeats the point of earning the money if you can't live a "regular" life doesn't it?

You might have to go to barking OP. Poor you. I think your main issue is needing to be so close to your current location. Any chance of a 3 bed flat/ ex council ugly house? Depressing as hell but could it slip into your price bracket?

I'm moaning that a three bed house that would be £200k anywhere else is £350k in a not even particularly nice part of London.

And despite being very incredibly fortunate to earn good money, it's still not enough.

Are you a bit thick Scouse?

OP are you actually me?

It was me. I work in south London (1 1/2hr commute) and its a dump. A colleague has just bought a one bed flat there for twice the price of my three bed house. Of course she had daddy to pay for a huge deposit whereas we scrimped for three years in a one bed flat to buy in the second cheapest London borough.
Earning 100k means nothing when you have to stay in London to earn that money. I long for the day we can retire and leave London.

My post above was in response to a scouse btw

Try Walthamstow. Lovely area, near the countryside . Otherwise SE London.

Get a houseboat.

Isn't Barking BNP and EDL heartland? That's what's been putting me off looking there

I do feel sorry for all you Londoners. It's not grim up north, its NICE

Barking is a dump. Forget about the BNP, they are the least of your worries.

You're right, you can't afford to buy there now because of your dd

But in a few years you could move to Hertfordshire where I live and get a beautiful 3 bed victorian house with a 120 foot garden with an office at the end

28 minutes from Euston

whats this road like? Potentially three beds and garden for a guide £200-£250k

www.rightmove.co.uk/property-for-sale/property-29686380.html

Walthamstow £350K 3 bed terrace.

Any good?

I think it is difficult to comprehend the reality of the house price bubble in London if you don't actually live there.

There are new blocks of one bedroom flats going up in every available bit of space along my daily route to work. £600K each. Tiny, one bedroom flats.

The overground goes from barking to walthamstow queens road, takes about 15 minutes if that commute for the school run is doable. (of course you'll have to add around 10 minutes on top to get to a nicer area than barking.

Offtopic, but Mintyy's comment has me imagining MrsDeVere as a member of East 17

You do have my sympathy OP. London property prices are just horrific, and with something like a school run you're really stuck and couldn't get into Medway or Hertfordshire. No advice but it is awful that someone with your income can't even afford East London!

Good find Mis I hadn't stumbled across that one in my searches.

Snot I'm already waiting for the EA to call me back about that one . It won't go for £350k though. There'll be a bidding war and it'll go for £370k.

*Are you seriously moaning when you earn that kind of money?!

#snob*

#spectacularlymissingthepoint