General   (General discussion, talk about anything.)

Errr.........thats not how it works.

People already on the ladder trade up to the 3/4/5/6 bedroom expensive houses leaving cheaper houses lower down the chain for the first timers. A new build house may have a sale price of £350k but for many half of that will be from equity.

Building cheap houses isn't the answer either. As soon as they went on the market the demand would be huge, upshot being the values would rise instantly and no one is going to sell a house for £100k if someone else is offering £110k for it. If I could buy a brand new house for £100k I would do it this this afternoon!!!......along with many others of my age and financial position......Then we would rent them out and in doing do line our pockets but at the same time deny many from getting on the property ladder at that point.

House prices and values are based on supply and demand and they will only start to drop when people cant afford to fund the mortgages needed to buy them or if there is an oversupply of houses on the market

If you can only afford £500 a month to pay a mortgage its a certainty that someone else will come along and be able to afford £501 a month.