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jjeffery worboys
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Comments by "jjeffery worboys" (@jjefferyworboys8138) on "UK housing crisis: 'Youngsters CAN'T afford to buy homes' despite price fall | Liam Halligan" video.
Why not rent a room, you can receive up to £625 per month tax free.
3
The prospect of this shortage being addressed in the short to medium term is virtually nil.
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Harsh but fair ! I started off small and worked my way up the property ladder, that was my no. 1 priority. Now I have a large house in 2 acres.
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@robertjones2053 Planning permission is given by the local council that's why !
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From a developers perspective, bungalows require more land so there isn't as much profit.
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As a retired person who is financially comfortable I have no wish to give up my large house in 2 acres. Many feel the same.
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@sams00007 Most retired people don't have mortgages and many in their 50"s have small very affordable ones. Others will make adjustments to their lifestyles to afford their increased payments. Only a very small number will be forced to sell.
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@bye-72 What you need and what you get are often very different. There is an acute shortage of housing in the UK and this won't change anytime soon.
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The profits are greater on larger homes.
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@glennoc8585 For a married couple IHT only kicks in a £650K and having a friendly valuer helps.
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@stephfoxwell4620 IHT for a married couple is £650,000, a friendly valuer also helps.
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They will have to add a new word to their limited vocabulary, it's called "compromise " !
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True and we have experienced periods where prices have fallen, only to bounce back again. Everything goes in cycles.
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@aaronaaronson7600 Because they have ambition and don't expect things to be handed to them on a plate. It's what you achieve not what everyone else does that matters.
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We need world peace too.
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Spot on. I know of a very large development that despite having the planning depts recommendation the local council refused it.
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@B0neTV I sold a property a few years ago that my parents had built in the early 1960's for almost 200 times it's original cost. The buyers demolished it !
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@stephfoxwell4620 Timing is everything, buy right and sell right and sometimes just sit tight and enjoy the home you have.
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You have a mentality that many young people don't have today, they want it all.
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Other than first time buyers all that matters when you are trading up is price differential and the cost of funding it. I recall trading up in 1996 to a house that I brought £40,000 less than it had cost when new 4 years earlier. When I sold it 16 years later to trade up again, it was for exactly 3 times what I had paid !
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Well done, she has her priorities right. I wish her well.
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@allykhan8594 Its never too late and Im sure he is pleased he did.
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I didn't get the email.
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Why ? For those that already have houses and want to trade up all that matters is the differential and cost of funding it.
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Every time I walk pass the Porsche showroom , I have the same thought.
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@stephfoxwell4620 Very simplistic.
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I can't see that idea catching on.
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