So lonely in SW4
Posted by: Roy T on 04 June 2004
Things have changed since I lived in SW4 but then I'm getting old and things are always changing. I wonder what the next few years will hold for social housing and first time buyers - will they look back era on this as a "golden age" or will they both be facing the threat of extintion?
Roy T
Roy T
Maggie's legacy. Selling off all of the council houses and not replacing them with anything.
Last time I looked we were near the top of the home ownership table along with coutries like, if my addled memory serves me correctly, Bangladesh. Germany, Switzerland, Sweden etc. etc. were nowhere to be seen.
In our area many of the ex-council houses were bought then eventually sold off to the housing associations at a great profit to the owners. Others were bought, then done up at great expense only for the new owners to be unable to keep up on the mortgages (interest rates were astronimical at the time and with the instant equity in the houses due to the discount many ex-tenants were suddenly able to borrow relatively large amoiunts of money) many houses were then repossessed!
I just wonder how my kids will be able to afford to buy their own house. How do you save uo for a deposit when you have debts from your student days? Are we going to see the return to the extended family living under the same roof?
FWIW I was born in Clapham (pronounced Clapum not Clarm) and am currently working nearby in Battersea. I must admit I'm glad my folks moved when I was a toddler I wouldn't like to live round there.
I wonder what Mick would have said ? But he's left the Forum hasn't he
Last time I looked we were near the top of the home ownership table along with coutries like, if my addled memory serves me correctly, Bangladesh. Germany, Switzerland, Sweden etc. etc. were nowhere to be seen.
In our area many of the ex-council houses were bought then eventually sold off to the housing associations at a great profit to the owners. Others were bought, then done up at great expense only for the new owners to be unable to keep up on the mortgages (interest rates were astronimical at the time and with the instant equity in the houses due to the discount many ex-tenants were suddenly able to borrow relatively large amoiunts of money) many houses were then repossessed!
I just wonder how my kids will be able to afford to buy their own house. How do you save uo for a deposit when you have debts from your student days? Are we going to see the return to the extended family living under the same roof?
FWIW I was born in Clapham (pronounced Clapum not Clarm) and am currently working nearby in Battersea. I must admit I'm glad my folks moved when I was a toddler I wouldn't like to live round there.
I wonder what Mick would have said ? But he's left the Forum hasn't he