Home Ownership - Do you think you will be able to buy?

I would need loads of money and a beautiful, gold-producing wife.
Maybe I should start playing the lottery...
In social housing at the moment, but my "social rent" is quite likely to turn into an "affordable rent" (80% of local market rent) when the estate gets pulled down and rebuilt.

http://www.experianplc.com/news/company-news/2012/15-03-2012a.aspx

Tenants of two-bed homes in London need to earn £52,000 a year

Letting agency industry link

Rent Watch London is pretty depressing reading (sorry) with Lambeth median monthly private rent for two bedrooms being £1,273. Net monthly household income required to make this rent affordable is £3,636 which is a LOT before tax. There is a petition on the link which I have signed for the little good it will probably do.

I've already resigned myself to the fact that to own a home I will probably have to at least partially base myself in a much cheaper country.

I would never consider moving in to London now though, even if me and the Mr were on ££££s, I'd feel like I was being ripped off too much.

I've had my mortgage agreed on a flat so this time next month I will own somewhere in Bristol

Somewhere? You don't know where yet? Just a vague bit of a town? Fair play on getting finance for that, you must be AAA rated

no I know the exact place, I'm just not telling you where it is

I know people.
You can run but can't hide insect boy

I'm going to pm everyone to ask if they know.

Even though I am related to who I am....

NO but

Anyone looking at 'affordable' housing? Found a good deal in EC1 for a 3 bedroom place with no garden.

http://m.guardian.co.uk/money/2012/jun/22/affordable-home?cat=money&type=article

Pleased to see that a £20m government grant is really helping the housing association give something back.

Good catch, little monochrome buddy!
Looks like another way for the government to lever out "undesirables" from areas. Pity it'll blow up in their faces when there's no-one left to serve them their skinny lattes and panini.