If there is a term that should be banned in my opinion, it is the "property ladder" - it is definitely misleading and the phrase itself causes a lot of problems and it gives the wrong image.

It implies that buying property is always a "ladder" that leads upwards....athough a ladder could also be used to descend from somewhere

I think the existence of the term "property ladder" as such puts pressure on a lot of people as people are made to believe everyone needs to "climb the property ladder" and people think they need to buy property as soon as possible and they are unnormal if they dont.

Nobody ever questions it economically and thinks about whether it makes sense....or whether they can afford it - they always make the banks decide whether they can afford it.

The BBC writes articles such as:

put it into room 101

What do you mean?

room 101 is a tv show where you put things that you hate, annoy you etc

http://en.wikipedia.org/wiki/Room_101_%28TV_series%29

Ok, cool idea.

My mortgage is for £14,000 so im laughing either way. I aint ever gonna lose on it regardless what happens. I bought a repossesed flat at the right time and regardless how much the market falls etc im still not gonna lose. So in this case i think being on the "property ladder" is the right thing to do for me
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Yes, but still I wouldn't describe it as a property ladder. This would mean you need to sell it and buy a new one a lot of times...because a ladder has more then 1,2 or 3 steps. Only if you bought the first house and made a profit, this does not mean you will always manage to do that another 20 times. To me it looks like playing roulette and you always put all your money on the same number.

With "property ladder" I associate someone buys a cheap house..keeps it for a little while, sells it, buys a bigger one...etc....and the house gets bigger and bigger. I do not know how many houses people buy in their life on average.....but I can not imagine the majority buys more then 1-3 houses in their life. And even if it is 3, this is not a "ladder" to me. If you do it more often, this is virtually a second job, It also makes it sound too easy...as if you automatically became rich just buy buying your house like climbing up a ladder - and the earlier you start the better. The longer you spend on doing your calculations beforehand and look and compare houses..and the more money you safe initially, the better you are off. But as "everyone does it" - people are less cautious.....

I think some people just buy houses too quickly, and without having enough money so that it makes sense....so to them they might be stuck with their first-time buyer's home....until the rest of their life maybe.


Just some funny pictures I have found:

I love this one, it is so true:

i take it your boerd toby lol

Well, I just got up....in fact it is the second time I got up today But I need to go to work later on again.....so you find this thread boring?

no not at all i have just not see so many pics being posted lol just wondered if you were bored while doing your google search lol