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What are the chances of you owning your own house

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Comments

  • Whoknowskt89
    Whoknowskt89 Posts: 262 Forumite
    Debt-free and Proud! Newshound!
    It's always possible if you work hard to save money and work on having good credit and maybe lower expectations or change areas. Second jobs for more income or trying to work your way up the levels in a company etc. I've never gone on holiday and saved instead.
    I'm 27 and I have a mortgage on a 1 bedroom flat in the East of England (1 hour commute to central London)
    I have been here for just over 2 years and none of the help to buy isa etc existed.
    My problem is, unless I meet someone and buy with them I'm priced out of buying a house here (pretty much priced out of all but 2 areas in a huge county) so I'm looking at relocating to the east Midlands in about 3 to 5 years as then I can get a lovely house with garden and parking.
  • Davesnave
    Davesnave Posts: 34,741 Forumite
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    If my property was in Winchester, St Albans or The New Forest, I wouldn't finish paying for it till I was about 150 years old.

    But it is where it is, and I own it.
  • artyclarty
    artyclarty Posts: 216 Forumite
    First Anniversary Name Dropper First Post
    Bought our house outright at 26, we don't earn a lot but scrimp and save well. House still needs work, but we are saving around 50% of our income for contingency/renovation.

    And as someone who lives in the north, HS3 has absolutely no bearing on house prices up here as it terminates about 100 miles south of us!
  • AdrianC
    AdrianC Posts: 42,189 Forumite
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    I assume all the references to HS3 should actually be to HS2...
  • Davesnave
    Davesnave Posts: 34,741 Forumite
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    AdrianC wrote: »
    I assume all the references to HS3 should actually be to HS2...
    Or even BS2, for all the difference it will make to many people and their localities.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Name Dropper Photogenic First Anniversary First Post
    You have to play with the hand you've been dealt, not wish you had the hand others have been dealt.

    "Marry well" seems to be the route for most/many.
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