Shared Ownership & Staircasing Challenges 🏠

I explain why it is unrealistic for most shared owners to staircase up to 100% using the Help to Buy: Shared Ownership scheme.

CHAPTERS
Intro 00:00
The example 01:01
The problem with this example 03:37
What if you have a 75% share? 05:45
Salary growth vs House price growth 07:49
What are the takeaways from this video? 09:20
Outro 11:45

RESOURCES USED/MENTIONED
Staircasing Example video - https://youtu.be/yZhSs-z3en4
Salary growth - https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours/timeseries/kac3/lms
House price growth - https://landregistry.data.gov.uk/app/ukhpi/browse?from=2001-01-01&location=http%3A%2F%2Flandregistry.data.gov.uk%2Fid%2Fregion%2Funited-kingdom&to=2020-12-01&lang=en

ABOUT ME
I'm Lemuel. I'm not a financial advisor. I'm not an expert. I'm just a regular guy that enjoys talking about how we can do better with money.
If you want to learn more about how you can do better with money, then subscribe to the channel and hit the notification bell so you get an alert whenever I upload a video.

TOPICS
shared ownership experience, first hand shared ownership experience, shared ownership example, the problem with shared ownership, what's shared ownership, shared ownership, help to buy, shared ownership explained, shared ownership pros & cons, staircasing, what's shared ownership uk, first time buyer tips, housing association, social housing

DISCLAIMER
This video is not meant to address the specific circumstances of any particular individual. It is created for educational purposes only. You should not rely upon it as legal, financial or professional advice, or a substitute for it. I do not accept any liability whatsoever for errors, omissions or misstatements contained therein. You should consult a suitably qualified professional if you require specific advice or information.