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SteveN8458

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Posts posted by SteveN8458

  1. Posted

    1 hour ago, DraytonBoy said:

    Injuries to key players hasn't helped Saints but they looked so short of confidence last night. Whilst I think they are the worst out of the three possible opponents City are poor away so they'll need a lead to defend for the second leg.

    What?? with our defence, Oh dear 😞

  3. Posted

    21 hours ago, Fen Canary said:

    “Part of the problem is too many young families expect too much and are not prepared to for-go 'essentials/luxuries' to better themselves”

    “It's all about choices, and yes they do have some”

    “They have chosen to rent, what we do not know is why they chose that route?”

    “they CHOSE a route, not had one forced upon them because they had no other options.”

     

    Just thought I’d cherry pick a few of your earlier comments that implies that the youngsters struggling to get onto the housing ladder is through their own poor choices.

    Your solution to this is to recommend somehow finding a property that’s around a third cheaper than the average for Norwich (£290k, the average price for a mid terrace is £270k), with a 5% deposit (thus incurring much higher interest rates and weekly repayments, plus establishment fees) on a 35 (!) year mortgage?

    You're right, I don’t know what they’re complaining about. They just need to pull themselves up by their bootstraps like we did! It’s always been hard! Avocado’s something something! 

    Yes ‘cherry picking’ is common place on here for a few people.

    I guess you failed to understand that the figure of £210k came from a post by DLD when he mentioned a couple he knew.

    You would have made a stronger point if you had used that figure when you searched for Norwich properties, but then you would have found circa 100 on rightmove at that figure or LESS. With the cheapest @ £110k

    As for the average price of a mid-terrace being £270k, I guess that calculation included Rochester Court @ £3.5M and Harvard Court @ £2.7M which both come up when restricting the search to terraced properties only.

  4. Posted

    21 hours ago, Mello Yello said:

    A buddy of mine lives in rented accommodation on his own and has recently had a rent increase of 18%.....

     

    Point your buddy to here:

    HERE

    But if he was on a low rent for the property they can increase the ent above the 18% you mention.

    • Thanks 1

  5. Posted

    1 hour ago, Fen Canary said:

    It’s not a question of having a different opinion. I pointed out why I think it’s much, much harder today. If you believe that isn’t the case then feel free to provide your own figures and I’ll happily listen

    All of your historical data/info is fine, but we live in ‘today’ NONE of the historical data helps pay TODAY’S bills.

    And YES I accept that it IS harder today.

    The couple that Dylan mentioned have a rent of £1100/m, which equates to roughly half their income (from memory)

    All that I have said is that I believe they had a choice, buy with a mortgage of £1100/m or rent at £1100m. I have no knowledge of where they live or the property prices in their area.

    So you can throw in that they live in London and hence the property costs are out of their reach, but the rent they are paying would not be £1100/m. But even if that were the case, they still have choices. However unpalatable they could move/relocate to say here in Norwich where properties are soo cheap!

     

    Those of you who have dismissed my reference to a mortgage with Halifax, have you actually checked their website?

    OR

    Coventry

    Now I’m not saying they would qualify for a mortgage from any of these lenders, but at face value they could at least ask.

     

    In this particular case, any very many like them, they have proved that they can pay the rent. So, for me, that proves they can afford the equivalent mortgage. A ‘real life stress test’ if you like. But, the financial ‘stress tests’ will most likely mean they can’t. And there stands the elephant, a condition introduced by government is blocking them.

    halifax.png

    coventry.png

  6. Posted

    I bow to ALL of your greater knowledge than I.

    What I fool I must be to have a different opionion than the 'experts' on here.

     

    PLEASE ACCEPT MY HUMBLE APPOLOGIES FO BEING SUCH A FOOL.

  7. Posted

    4 minutes ago, king canary said:

    Because to get a mortgage of £210k you'd need both to save £10,500 (difficult when as Dylan says half their take-home goes on rent) and be earning enough for a mortgage lender to lend you £210k.

    You are refering to where they are NOW, not when the chose to rent. So go back to my question

    So if the mortgage cost is the same as the rent, why rent??  genuine question.

    As for my daughter, yes her flat is in Norwich. She saved her deposit & chose a 40 yr mortgage so she could maintain her lifestyle.

    But your research shows there are properties available @ £110k, so did Dylans couple 'choose' not to go for a flat?

    As for:

    "I'm afraid you've just spouted a load of classic 'boomer' talking points that don't actually stand up to reality"

    I beg to differ, we do not know all of the relevant info for the couple, but with a rent of £1000/m I feel there were other options they chose not to follow, as is they right. But they CHOSE a route, not had one forced upon them because they had no other options.

    No more than that.

  8. Posted

    2 hours ago, dylanisabaddog said:

    The property that the friends I was referring to was bought by the landlord for £210k which would need a deposit of £21k. The mortgage repayments over 35 years would be around £1k per month. 

    It's not a matter of choice! 

    So if the mortgage cost is the same as the rent, why rent??  genuine question

    Halifax (other lenders available) do first time buyer mortgage for £210k property with 5% (£10500) deposit, 35 yr, £1k monthly.

  9. Posted

    1 hour ago, Yellow Fever said:

    This is an old debunked chestnut.

    The young are feckless hence they can't afford to buy/rent whereas us 'oldies' weren't.

    Not withstanding the 'affordability' index of buying being at at all time high the young are generally less feckless than we we were! It's why pubs and night clubs are closing, smoking has declined enormously etc. Mobile phones are generally now not renewed ever 2 years (it's causing the manufactuers issues), cars last a lot longer (EV aside) but overseas holidays are generally a lot cheaper than the UK ones. What I would agree with is that there is a greater inequality than ever.

    Your observation is just that in the modern world people tend to spend/waste money differently to what we did.

    My comment regarding 'expecting too much' is based on comments my wife makes based on the families at her school.

    Not based on any other evidence

  10. Posted

    51 minutes ago, dylanisabaddog said:

    That's about as far away from the reality I see as it's possible to get. I live on an estate with a mix of properties from 1 bed flats up to 6 bed houses that sell for in excess of £750k. So in my daily life I see a complete mix of circumstances. Firstly, the very expensive houses are usually occupied by people who have had a large inheritance. 

    A lovely young couple in my street live in what I would call a one and a half bedroom house, the second bedroom being tiny. The kitchen is tiny as well. No garage, just one allocated parking space. He is a scaffolder, she is a teaching assistant. Their rent is £1,100 a month which is around half their take home pay. They have a 6 year old French hatchback and their only holiday is achieved by swapping houses with a family member up north. Their entertainment is provided by a cracked firestick. They don't drink much and don't smoke. It's not exactly living the dream is it? 

    When I was the same age on an average salary I could afford to buy a property and although my lifestyle wasn't extravagant I could afford to do whatever I wanted, albeit in a modest way. 

    They won't inherit and they have no prospect of ever owning a property. God knows what they'll do when they reach retirement age as they won't be able to afford the rent. 

    At the moment they are scraping along trying to work out how to afford a child. At the moment they can't which is a bit of a problem for the country because we need every couple to have at least two. 

    Of course I see couples who have expensive cars and nice holidays but they are big earners. The housing crisis doesn't affect them, it affects ordinary young people who 40 years ago could easily have got on the housing ladder. 

    Not sure where you live, but £1100/m will get you a 2 1/2 bed terrace in Norwich (circa £225k).

    or a 3 bed semi needing work https://www.rightmove.co.uk/properties/146202140#/?channel=RES_BUY

    Some of the children where my wife works (as a teaching assistant) come from Mile Cross

    It's all about choices, and yes they do have some.

    Example, my daughter has just bought her first home, a small one bed flat (she earns circa £17k/yr). The kitchen was rank, it had to go. She chose to buy a kitchen from fb marketplace for £30 second hand. It's best part of 40 years old, but been cared for. I am nearing the end of installing this into her kitchen. She is painting ALL of the doors, and wrapping (fablon for those who know 🙂 ) the worktops. Her total spend on the kitchen will be less than £150 all-in.  Her flat cost less than half the cost of a terrace property.

     

    Now the couple you describe appear to be in a similar position to my wife & I all of 40+ years ago, where 50% of the household income goes on the house. The BIG difference is (guessing here) that they fail affordability tests for a mortgage, which did not exist when we bought our first house. And this for a lot of families is the elephant in the room. As I said earlier there are no (few) constaints on rent affordability unlike mortgages.

    They have chosen to rent, what we do not know is why they chose that route?

    Could they have afforded a mortgage on a similar property?

    What could they have afforded?

    Don't get me wrong, I do sympthise with the couple you refer to and ALL in their position.

  11. Posted · Edited by SteveN8458

    1 hour ago, littleyellowbirdie said:

    Point of order: There are tests, including credit checks, to rent properties.

    Renters in the private sector also have little in the way of rights. If the owners want to up the price on them or sell then hard luck.

    Those who sneak across the channel are the first priority for state housing here in the Medway Towns, where they have to deal with quite a lot of it with Dover down the road.

    Credit checks are optional, it is up to the landlord/agency to decide if they want them done (most do). Though how a credit check can tell if the renter can afford the current rent is beyound me.

    Renters in the private sector do have rights. If they have signed a Shorthold Tenancy Agreement the rent is fixed for the term of the tenancy, then they can sign a further S.T.A. or they move to a 'periodic' tenancy

    They have the right to challenge a rent increase, should one be proposed.

  12. Posted

    An interesting topic, my thoughts:

    Part of the problem is too many young families expect too much and are not prepared to for-go 'essentials/luxuries' to better themselves.

    Now before  get lynched, by 'essentials/luxuries' I means holidays/latest Iphones (other makes available) multiple cars etc.

    When my wife & I were dating we bought our first house together. Her salary went 100% on the mortgage (circa 15% at that time)

    It was a 2 bed terrace, and we spent 18 months renevating before we got married & moved in. We had 1 car, an old Avenger, our honemoon was in the UK for 7 days. Every penny we had went on the house. When we moved, we again bought a property needing renovating. Our first holiday abroad was on our 10th aniversary.

    Feels a bit like a Monty Python sketch!!

    My wife now works part-time in an infants school. Most of the families have 2 holidays abroad each year. Christmas on the credit card. The thought of NOT having the latest mobile is painfull to them. Yet the complain when prices go up, inc the rent! They feel 'entitled'

    Now I agree that there should be more council houses available to rent, I was brought up in one. Nothing wrong with social housing, just there isn't enough. Why is there so few? Didn't a certain M.T. encourage people to buy their council house at a discount? Yet at the same time restrict councils from using the income this generated from building more social housing.

     

    The tories & labour both have-it-in for private landlords, yet if they didn't exist would the tenants they house be able to afford to buy the house?? would they pass the 'tests' to be offered a mortgage to buy the house? there are no tests to rent a property. My youngest son rented for a while. His rent was higher thatn a mortgage for the same property yet he could not get a mortgage as he failed the affordability test for the mortgage yet the rent for the very same house was £100+/month more than the mortgage.

    Then we have to consider those people who cross the channel in boats, once they have bee granted official entry into the UK they will need homes, where will these come from?

    Sorry need to get off the soap box 😞

  16. Posted

    8 hours ago, Google Bot said:

    Is this the right location, can anyone confirm?

    NCFC_Nest_On_gmaps.thumb.jpg.d3b868cc9475a6560f5e43336dcdc417.jpg

    As a kid I was always told it was much further north where the gas works towers were.  So if that is the spot, it turns out i've been telling my lad wrong all these years too!

    Yes I believe you are correct.

    The houses on the corner of St Leonards Rd /Rosary Rd are still there (opposite the church) as is the terrace on left continuing on Rosary rd

    Which is bottom Right in this pic upto the gap in the houses (access rd to the nest standing terrace)image.png

    • Thanks 1

  18. Posted · Edited by SteveN8458

    2 hours ago, Jim Smith said:

    I note it’s £56 for the coach to Liverpool and was £53 last night.

    it’s been a long time since I went on the club coaches to an away game but that seems a lot. Is that typical for a distant away trip?

    Does it cost £3k to hire s coach for the day to Liverpool and back?

    Went to the Liverpool game with my youngest son when we were in the PL (1st game of the season) on cabbage.

    Almost missed the kickoff due to the driver not anticipating the A17 whould be crap.

    Coming home, went via who knows where, arrived at the carra at 06:30 following day

    SH1TE!!!!!!!!!!!!!!!!!!!!!!!

    • Like 1

  19. Posted

    3 minutes ago, Ulfotto said:

    The important one is West Brom beat them if I was Wagner I would be banging Knapper door down for new signings. If none arrive again if I was Wagner I would even consider calling out the board for inactivity. What has the guy got to lose the only he is Norwich manager at the start of next season is if we are in the premier league.

    with this squad? heaven forbid.

    • Like 3

  21. Posted

    Watched the last episode last night.
    My wife was supprised that ANYONE would have access to the individual accounts, whereas I wasn't.
    Quite clearly Fujitsu had supplied a bag of balls and the postoffice NEVER tested it properly.
    For me there should be procecutions for corporate manslaughter on behalf of those that took their own lives, both from the postoffice and fujitsu.


    Then there is the issue of compensation, why is this NOT been paid out?? The gov' has agreed to it, but are stalling on paying it out.


    I have signed this petition:
    https://you.38degrees.org.uk/petitio...ource=homepage

    and this one:
    https://www.change.org/p/biztradegov...accountability

    • Like 1
    • Thanks 2

  22. Posted

    2 hours ago, ricardo said:

    Yes, it did look like he was completely taken out from  behind by the defender. I was not impressed by Darren England's performance at all. Far too quick to wave the yellow card.

    Lower Riverend, just to the right behind the goal.

    It was a penalty from where I sat, same from those around me.

    • Like 1

  23. Posted · Edited by SteveN8458
    spelling again!!!

    10 minutes ago, KiwiScot said:

    Ofgem want to charge us all £16 to cover energy companies customers debt and stop the companies going bust. What a load of...

    We should take ofgem to court for this. Not one word in the article either of whether this plan would wipe the individual customers debt.

    https://www.theguardian.com/business/2023/dec/15/ofgem-plans-household-charge-to-help-energy-firms-recover-bad-debts

    So If I stop paying my energy bills, the rest of you all will pay it for me 🙂 Thanks what a great bunch you all are

    Are there plans for a similar scheme for mortgages, it would help me an awful lot if you all paid that form me 🙂

    And while you are in such a generous mood, Council tax?, Car insurance ? ....

     

    Yes lets encourage people to stop paying their bills.

    (need to take my tounge out of my cheek now, os I'm talking with a lisp )

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