Weather
Trouble affording your home? (From Bournemouth Echo)
When news happens text pix and video to 80360. Start your message with BE then leave a space.
Get social with the Echo - click to find out how and where!
Trouble affording your home?
8:00am Saturday 30th January 2010
THIS will come as no surprise to hard-pressed householders but Bournemouth has been named the most expensive place to live in Britain and rated number seven in an international survey of housing affordability.
The study ranks Vancouver in Canada as the least affordable place to live followed by Sydney and Australia’s Gold and Sunshine Coasts.
Conducted by Australian firm Demographia, the survey focuses on the relationship between household incomes and house prices in the USA, Canada, the United Kingdom, Republic of Ireland, Australia and New Zealand.
Australia is the least affordable of the countries surveyed, followed by New Zealand, Britain, Canada, Ireland and the United States. As well as Bournemouth, 19 other UK cities and towns feature in the “severely unaffordable” housing markets league including London, Plymouth, Swindon, Bristol and Bath.
The survey shows that the greatest house price declines occurred in the UK, Ireland and USA where prices had inflated to “unprecedented heights”.
It says: “In the United States and United Kingdom the house price bubble was fuelled by a relaxation of loan policies which compromised the integrity of mortgage portfolios and increased the demand for home ownership.
“In the US and the UK the ‘bubble’ markets that had ‘burst’ generally reached a trough and began rising again.”
Despite housing affordability receiving considerable attention in the UK, the survey states that “no material corrective measures have been implemented”.
While property prices have fallen, housing in the UK remains severely unaffordable with Bournemouth, and Dorset as a whole, the least affordable market.
More News stories
- Police vow to stamp out Boscombe's drug dealing
- Boscombe surf reef flaws ‘can be fixed’
- Campaigners fight to save historic Poole building from bulldozers
- Wessex Way 40mph limit ‘has cut casualties’
- William Hague put on the spot by internet allegations
- Sexual assault sparks efit appeal
- Poole's proposed beach hut rent rises 'criminal'
- Final week of The Sound of Music cancelled at Bournemouth Pavilion
- Visitors flocking to Great Dorset Steam Fair at Tarrant Hinton
- £1,000 cash injection for Ringwood carnival
Your Say YourEcho
West Howe Sean, Bournemouth says...
10:20am Sat 30 Jan 10
What could I buy for that?
Where can I find a job paying £25,000?
How would I save the deposit?
Affordable housing does not exist in the UK.
traindriver3ss, bournemouth says...
10:23am Sat 30 Jan 10
traindriver3ss, bournemouth says...
10:25am Sat 30 Jan 10
Laurie H Marsh, brisbane says...
11:10am Sat 30 Jan 10
This is NOT un-affordable.
If you want to live on the fore-shore the prices escalate some-what.
Maureen Arthur, Hamlet of Poole says...
11:22am Sat 30 Jan 10
West Howe Sean wrote:but it does in west howe...
If I could find a job that would pay me £25,000 per annum and then save a £15,000 deposit I could then possibly get a £90,000 mortgage. What could I buy for that? Where can I find a job paying £25,000? How would I save the deposit? Affordable housing does not exist in the UK.
jak flash, Briantspuddle says...
12:40pm Sat 30 Jan 10
West Howe Sean, Bournemouth says...
12:54pm Sat 30 Jan 10
Maureen Arthur wrote:£179,000 will buy you a 2 bedroom semi in Mandale Road, West Howe.
West Howe Sean wrote:but it does in west howe...
If I could find a job that would pay me £25,000 per annum and then save a £15,000 deposit I could then possibly get a £90,000 mortgage. What could I buy for that? Where can I find a job paying £25,000? How would I save the deposit? Affordable housing does not exist in the UK.
It would take an income of £50,000 per annum with a £29,000 deposit to buy that.
jak flash, Briantspuddle says...
1:01pm Sat 30 Jan 10
Laurie H Marsh, brisbane says...
1:08pm Sat 30 Jan 10
jak flash wrote:Anyone who cant spell Jack has no hope of working out the abreviation for kilometers!
what does 90 klms stand for , is it a venereal clinic miles from anywhere.
Henry Bear, Ferndown says...
5:10pm Sat 30 Jan 10
Laurie H Marsh wrote:Anyone who does not know Brisbane begins with a capital B has no hope of thinking they can comment on others spelling without being call a tinker 8-)
jak flash wrote: what does 90 klms stand for , is it a venereal clinic miles from anywhere.Anyone who cant spell Jack has no hope of working out the abreviation for kilometers!
Was Charlie, says...
5:31pm Sat 30 Jan 10
Kilometer and kilometre are both acceptable spellings.
jak flash, Briantspuddle says...
6:50pm Sat 30 Jan 10
Bormuf Boy, Bournemouth says...
10:46pm Sat 30 Jan 10
jak flash wrote:You are by far the most pointless contributor to this web site. Every comment you make is either insulting, derogatory or just plain purile.
11.15.. most would want a free house and free money to live in a dump.free money every week,no likey no lighty.
jak flash, Briantspuddle says...
9:06am Sun 31 Jan 10
its a tox klinik 50 miles away for Petes sake
Also i have just reported 10.46 (night stalker) as i did with the ferrat sooooooo ruuuuuuuuuuude.
Laurie H Marsh, brisbane says...
10:45am Sun 31 Jan 10
Was Charlie wrote:Klms. is the accepted abreviation in Aus.
The abbreviation for Kilometers in the UK (and as far as I know, the rest of the wiorld) is Kms, not Klms. Kilometer and kilometre are both acceptable spellings.
I dont know about the rest of the "wiorld".
My original comment was a simple refutation of the price of housing in a particular area. If you want to live anywhere with sea views it is going to cost a lot!
As for Flash , your point is?
Perry_Winkle, Poole says...
11:05am Sun 31 Jan 10
traindriver3ss, bournemouth says...
11:55am Sun 31 Jan 10
Perry_Winkle, Poole says...
1:20pm Sun 31 Jan 10
I see an ever increasing number of paper-pushers, while the teachers and nurses get wrapped up in so much red tape (yes, I do hate that stuff) that they can no longer deliver what we should be paying them (more) to do.
I see a true unemployment figure of around 8 million, and an ex-PM that is following his socialist instincts to around £5m a year - payback from grateful associates after all he did to line their pockets?
Yes I am bitter, because once upon a time I believed in the left, in honesty, fairness, and opportunity, only to see Screw-you Labour throw its energy into divisiveness, big-bucks buddies, and an illegal war on behalf of the arms and oil industries.
So am I voting Tory because I believe they'll be better? I believe they really couldn't be any worse, and that Labour need a good solid electoral kick up the backside to get them to rethink their policies and behaviour.
Laurie H Marsh, brisbane says...
1:35pm Sun 31 Jan 10
If you are under 25 and dont vote Labour you have no heart. If you are over 25 and vote Labour you have no brains.
I guess it is all in the point of view.
Trifecta, Southbourne says...
3:03pm Sun 31 Jan 10
traindriver3ss, bournemouth says...
4:48pm Sun 31 Jan 10
mikey2gorgeous, Moordown says...
8:36am Mon 1 Feb 10
.
Why do you think you need a 2-bed semi to yourself? If you had one, you could rent a room out. Lodger income is tax-free up to a certain (reasonable) amount.
.
Or Get together with friends and buy a house together for the same ends.
.
If that's really out of reach have you considered a trailer-park home?
.
It's not impossible - you will end up paying as much in rent as you would in mortgage if you didn't buy.
Local Advertisers
Local Information
Enter your postcode, town or place name
jobsworthwatch, Bournemouth says...
8:57am Sat 30 Jan 10
....“no material corrective measures have been implemented”....
So, the government are to blame by not reacting to the relaxation of loan policies and have done nothing in the meantime to stop it happening again?