property ladder
Home ownership climb
The property ladder is the British metaphor for progressing through increasingly valuable homes over a lifetime—buying a starter flat, selling it to afford a house, then trading up as equity accumulates.
To get on the property ladder is to buy your first home; to climb the property ladder is to move to more expensive properties.
Rising prices can make the first rung difficult to reach: Young people are struggling to get onto the property ladder.
One buying initially
- starter homeInitial real estate purchase
- upsizeMake or get larger
- downsizeReduce scale or staff
- stepping stoneIntermediate stage toward goal
rung · climb · moving day · chain · exchange · completion · conveyancing · stamp duty
Imagined perfect residence
- ambitionDesire for achievement
- goalDesired end result
- milestoneNotable event marking progress
- achievementAccomplished goal or deed
prosperity · upward mobility · success · striving · determination · nest egg · security · stability
Secured home loan
- equityImpartial treatment or ownership value
- downpaymentInitial payment toward purchase
- escrowConditional third-party deposit
- deedWritten property conveyance
title · appraisal · inspection · refinance · preapproval · fixed-rate · adjustable-rate · foreclosure
Property purchased for tenants
- landlordProperty owner renting out
- portfolioCollected works or assets
- leverageBorrowed capital for amplified returns
- cashflowNet money movement
tenancy · rental income · asset · ROI · diversification · depreciation · market value · flipping
Conditions favoring vendors
- buyer's marketConditions favoring purchasers
- housing boomRapid residential construction increase
- housing crashSudden property value decline
- bubbleAir-filled film sphere
correction · supply · demand · inventory · bidding war · asking price · listing · realtor
Place for safekeeping
- priced outExcluded by cost
- housing shortageLack of available dwellings
- wage stagnationPay not increasing over time
- credit scoreNumerical measure of borrower reliability
first-time buyer
One buying initially
- starter homeInitial real estate purchase
- upsizeMake or get larger
- downsizeReduce scale or staff
stepping stone · rung · climb · moving day · chain · exchange · completion · conveyancing · stamp duty · surveyor
dream home
Imagined perfect residence
achievement · prosperity · upward mobility · success · striving · determination · nest egg · security · stability · wealth building
mortgage
Secured home loan
- equityImpartial treatment or ownership value
- downpaymentInitial payment toward purchase
- escrowConditional third-party deposit
deed · title · appraisal · inspection · refinance · preapproval · fixed-rate · adjustable-rate · foreclosure · underwater
buy-to-let
Property purchased for tenants
- landlordProperty owner renting out
- portfolioCollected works or assets
- leverageBorrowed capital for amplified returns
cashflow · tenancy · rental income · asset · ROI · diversification · depreciation · market value · flipping · renovation
seller's market
Conditions favoring vendors
- buyer's marketConditions favoring purchasers
- housing boomRapid residential construction increase
- housing crashSudden property value decline
bubble · correction · supply · demand · inventory · bidding war · asking price · listing · realtor · estate agent
deposit
Place for safekeeping
- priced outExcluded by cost
- housing shortageLack of available dwellings
- wage stagnationPay not increasing over time
credit score · debt-to-income · saving · inequality · inaccessibility
- UK Propertyfreehold, leasehold, estate agent, council house, terraced house
- UK Housingcouncil houses, Victorian terrace, council flats, council estates, terraced houses
property laddersocial housing
Subsidized rental accommodation
council housing · couch surfing · homelessness · public housing · communal living
property, ladder, proper, properly, improper, improperly, propriety, impropriety, proprietor