' A chicken would cost £50'

[stopitandtidyupp]

Leisurely watching ' The big questions'
discussing is London only for the rich?

One woman said if house prices were a chicken then a chicken would now cost £50. Now she meant in London but I wonder about the rest of the country.

I live in the NE and I am struggling to get on the ladder.

I guess my AIBU to be annoyed at house prices and is there an answer?

I’d love to be self sufficient too but I am a terrible gardener and don’t like the sound of chickens so I’ll just have to make do with my fantasy

@TeacupDrama

Good analogy.

Another thought, if at 58 years old they both lose their jobs and are made redundant, the renter will receive Housing Benefit (whoch will cover a HA rent whoch is set strictly) but the owner could be at risk of losing their home?

*which

@Calvinsmam

Not fully self sufficient I guess I still want to use supermarkets, taps, drive, TV and internet but generate my own electricity. So just a bit self sufficient if I'm honest!!!

Most mortgages make you have insurance so if you lose your job your mortage is still paid for a certain time.

And if you only had two years of payments left the amount you owed would be really small, you could possibly extend the mortage so monthly rates would be lowered.

Not everyone wants the hassle of owning a house though.
My Dsis doesn’t want to buy her HA home and I totally respect that. Each to their own.

It is scary. I remember the first night in our house and we couldn’t get the heating to work and we were like ‘who can we call?’ and realised that there was no one, it was our responsibility.
(We rang DH’s dad )

at 58 the outstanding bit of mortgage would be peanuts and I believe HB pay the interest only part of a mortgage for a short period ( 1 year), also by this time Q will still be paying £550 a month and Z will have been paying much more so for years, so Q will have had £100-200 a month extra to save so hopefully with only 2 years left on mortgage there would be little to no risk of needing to sell and even if the worst happened and they needed to sell they would have paid off 95% of mortgage at least so would have loads of equity and would only have to down size a tiny bit saying getting a new property that was 190K instead of 200k.

my rent in 2019 for a 3 bedroom with utility and additional downstairs WC is £500

That compared to a mortgage taken out at similar time you started renting is an awful lot.

| Report | Message poster
NameChangeOhNameChange1 Sun 06-Jan-19 12:41:50

"@WeWantJustice I was on about £16-17k (though I also earned about £80 extra a week doing deliveries for Dominoes) and the house was £150k, in the midlands. This was in 2013"

Hmm You do realize that if your Dominos customers had followed the advice you gave on page 1 and sacrificed their takeaways to save up then you couldnt have earned that extra £80 a week. Talk about cognitive dissonance.

I wish people wouldn’t “talk about cognitive dissonance” when they don’t understand what they’re talking about

Helena, its been established that the PP was talking rubbish anyway.

miralis i understand perfectly well.

Takeaways are classed as a luxury She comes across as really dense if she says that you should cut down on luxuries one minute and then in the next breath says that she did an extra job at Dominoes. I bet she wasnt dispensing this wisdom at her pizza deliveries!

Nor at her 17k job

a) only people who can't afford to buy need to cut down on luxuries b) that's not "cognitive dissonance"