Average age of first-time buyers rises to 31

[Green_Bear]

First-time buyers are waiting longer to set foot on the property ladder, according to a new survey showing that the average age of first time buyers has risen.
The average age at which people buy their first house is now almost 31, according to a survey of trends among first-time buyers.
The survey by the Irish Mortgage Corporation (IMC) found that the typical age of those buying a starter home had risen by a year in just over 12 months.
The age at which you are most likely to buy your first home increased from 29.9 at the end of June last year to 30.9 years old at the end of last month. The figures are based on IMC mortgage completions.

Average age of first-time buyers rises to 31
By Emma Kennedy Sunday, September 14, 2008
sbpost.ie/post/pages/p/story … qqqx=1.asp

[The_Unwelcome_Guest]

Oh deadly, I’ve another year to go so!!!

[ragingbear]

@Green Bear

First-time buyers are waiting longer to set foot on the property ladder, according to a new survey showing that the average age of first time buyers has risen.
The average age at which people buy their first house is now almost 31, according to a survey of trends among first-time buyers.
The survey by the Irish Mortgage Corporation (IMC) found that the typical age of those buying a starter home had risen by a year in just over 12 months.
The age at which you are most likely to buy your first home increased from 29.9 at the end of June last year to 30.9 years old at the end of last month. The figures are based on IMC mortgage completions.

Average age of first-time buyers rises to 31

By Emma Kennedy Sunday, September 14, 2008
sbpost.ie/post/pages/p/story … qqqx=1.asp

Brilliant stuff - so the same people who were buying last year are still buying this year, but they haven’t been joined by any new suckers

[geckko]

@The Unwelcome Guest

Oh deadly, I’ve another year to go so!!!

Every year it will be another year away.

[daltonr]

the typical age of those buying a starter home had risen by a year in just over 12 months.

Isn’t that a fancy schmancy way of saying “Nobody bought a house last year, but people’s age continued to increase as expected.”

-Rd

[jerkface]

Yep and we’re gonna continue getting older until we can buy something up and not feel like we’re getting screwed by the developers.

[shuzawuza]

This report sets the backdrop to Biffo’s dramatic rescue plan - as of January 1st 2009, everyone aged 28 or over must add 3 years to their age.

[daltonr]

@shuzawuza

This report sets the backdrop to Biffo’s dramatic rescue plan - as of January 1st 2009, everyone aged 28 or over must add 3 years to their age.

I think it will be the opposite. In order combat age inflation (currently running at 1 year per year) and keep the story going that Ireland has a young vibrant population, Irish ages will be revalued from midnight on budget day.

All ages will be divided by 2. I’m certainly enjoying the idea of having another crack at my 20’s. This time I’m going to do some things differently.

-Rd

[yoganmahew]

RD, as I’ve pointed out before, this plan would also solve the demographic timebomb and drastically use social services spending.

You’d have to be 130 before you could claim a pension. I’m sure we could have some sort of clawback arrrangement for those who have been retroactively fraudulently claiming them all these years…

[Green_Bear]

House price increases have put the cost of even the least expensive terraced properties beyond the reach of new buyers in 75 per cent of towns. In 2002, those climbing on to the housing ladder could afford to buy a terraced home in 89 per cent of towns.
New homeowners are now increasingly in their thirties, rather than twenties, as a result of the time it takes individuals, or more often working couples, to amass sufficient savings.
Halifax classifies a house as unaffordable if it costs four times more than the annual income of a first-time buyer.

First-time buyers are scarcer than at any time for 30 years
December 22, 2007
property.timesonline.co.uk/tol/l … 085220.ece

[Pill]

Halifax classifies a house as unaffordable if it costs four times more than the annual income of a first-time buyer.

and I would agree with that. Pity our asshole ministers in Govt don’t see it and let property fall to this kind of level.

[fishfoodie]

@Pill

Halifax classifies a house as unaffordable if it costs four times more than the annual income of a first-time buyer.

and I would agree with that. Pity our asshole ministers in Govt don’t see it and let property fall to this kind of level.

Its a pity Halifax’s owners didn’t apply this level of caution for the rest of their business or they might not be up to their ears in shite right at this moment !

[Pill]

@fishfoodie

@Pill

Halifax classifies a house as unaffordable if it costs four times more than the annual income of a first-time buyer.

and I would agree with that. Pity our asshole ministers in Govt don’t see it and let property fall to this kind of level.

Its a pity Halifax’s owners didn’t apply this level of caution for the rest of their business or they might not be up to their ears in shite right at this moment !

True HBOS is taking a right hammering.