FTB expectations too high?

skap7309

TighterThanTwoCoatsOfPain wrote: »

Many FTB i speak to who are now just tripping out of Uni or deciding to buy having been renting think that anything less than a 3 bed semi + garage is the least they deserve!

Why not if you have worked bl00dy hard for it? As a 26 year old FTB I have literally put my life on hold to save a substantial deposit over the last few years as it is what i want to do. Wages of 50k and a planned 40% deposit means a 4 bed detached are realistically within reach in my area. The longer i wait the bigger the floorspace becomes.

TighterThanTwoCoatsOfPain wrote: »

I cant say I agree... As per the OP, if you are a FTB then its the bottom of the ladder where the sights should be set and trading up when you get older.

Again, why should you? Plan is to buy a house i can spend a large proportion of my adult life in as i really cannot be a*sed to go through the whole 'moving up the ladder' scenario.

Rant over. :cool:

tomstickland

beingjdc wrote: »

The difference now is that the average First Time Buyer is in their mid-thirties, whereas in the 1970s the average First Time Buyer was in their mid-twenties.

I don't know many 34-year olds who want to live in a 1-bed flat.

I do; I'm 36 and live in a 1 bed flat. Considering that 2 years ago pokey 2 bed terraced houses (from early 90s) were selling for £145K, I considered £85K on a 1 bed flat to be better value for money. Most of my neighbours in the other flats are over 30 too.

I don't agree with the OP though. It's an argument I've seen used before. But 2 years ago the cheapest property consisted of 1 bed flats, and most were £95K. That was way over 3 times the salary of most people in the area.

Really2

skap7309 wrote: »

Why not if you have worked bl00dy hard for it? As a 26 year old FTB I have literally put my life on hold to save a substantial deposit over the last few years as it is what i want to do. Wages of 50k and a planned 40% deposit means a 4 bed detached are realistically within reach in my area. The longer i wait the bigger the floorspace becomes.

Not a knock at you but the outlook of ownership seems to have changed in the last 8 years.
In 2000 I had not even thought of buying I was still living a single life
I purchased towards the end of 2001 at the age of 25 as I had found my future wife.
I don't think I put my life on hold and I think this is comparitivley early as some of my friends have only just started to get married etc at 30+ years old and settling down.

TighterThanTwoCoatsOfPain

ok ok, didnt mean to come across so controversial! Didnt phrase very well, and not doing a much better job now!

Didnt intend to offend, I just meant that the impression i get is that some (many??) FTBs seem to consider it a god given right to have a 3-4 bedder and pay peanuts rather than except that it has NEVER been easy for an 'average' FTB to get that sort of house even 30 years ago.

Was just talking to my missus folks at the weekend about how they struggled like mad to afford their first house.. Both teachers (average?? really dont know) and was touch and go to buy for £2.5k!

Really2

TighterThanTwoCoatsOfPain wrote: »

Just bolting onto this too... I can still remember about 15+ years ago when my dad said there are 3 things in life that if you wait until you can afford to do it then you never will..

a) Get Married
b) Buy a House
c) Have Kids

.

Also to add to that when you do them you find out they are cheaper than being single.:rotfl:

neas

i got married after saving for 6 months :P 2k wedding... 2k for honeymoon (which woulda been a normal holiday anyways)

2.5k received in gifts.. and a 700 quid widescreen telly

You can get married easily.

Buying a house, it seems in these times, saving for the short term will reap huge benefits, and i dont see house prices jumping30% in one day.. so my wife and I will bide our time until they plataue and then proceed

Kids,

Its funny how life turns out, we were planning for kids, but then changed out mind and wife may, if she gets onto the course study social work.

She doesnt particularly like her job and supposedly you get a nice 3-4k bursary combined with a bit of a part time job will mean we can survive :P. By time she starts We plan to have saved 40-45% deposit for a house, and rent while she is at university for 2 years.

She will be 30/31 when she finishes so maybe not looking too good for kids, but its a risk we need to take as she dislikes her job sooo much

Turnbull2000

TighterThanTwoCoatsOfPain wrote: »

If you're 35 and still not bought then you can't blame HPI and you were "normal" housebuying age long before that kicked in like crazy.

What a stupid argument. How does one's age mean you're responsible for missing out? Just because some people didn't need to or didn't want to join the property rat race at a certain age, does not mean they're at fault. First-time buyers of all ages have an equal right to aggrieved. They were all caught out.

mr.broderick

neas wrote: »

i got married after saving for 6 months :P 2k wedding... 2k for honeymoon (which woulda been a normal holiday anyways)

2.5k received in gifts.. and a 700 quid widescreen telly

You can get married easily.

Buying a house, it seems in these times, saving for the short term will reap huge benefits, and i dont see house prices jumping30% in one day.. so my wife and I will bide our time until they plataue and then proceed

Kids,

Its funny how life turns out, we were planning for kids, but then changed out mind and wife may, if she gets onto the course study social work.

She doesnt particularly like her job and supposedly you get a nice 3-4k bursary combined with a bit of a part time job will mean we can survive :P. By time she starts We plan to have saved 40-45% deposit for a house, and rent while she is at university for 2 years.

She will be 30/31 when she finishes so maybe not looking too good for kids, but its a risk we need to take as she dislikes her job sooo much

I guess you'd want to be in your house that you'll buy soon before you think about having kids? Women normally like the nest to be all secure, ie not in renting.

butterfly72

TighterThanTwoCoatsOfPain wrote: »

If you're 35 and still not bought then you can't blame HPI and you were "normal" housebuying age long before that kicked in like crazy.

Oh right, so its my fault I didn't buy at this 'normal' age you are suggesting?!?!? Damn, I shouldn't have gone travelling, worked abroad, studied, bought that horse, had that naff job that paid for my Thurs, fri AND saturday nights out. I should have job worked hard and found a nice Mr right and settled down. Well, I might not have a house (just yet) and be a later starter when it comes to settling down but I had fun!:rotfl:

neas

mr.broderick wrote: »

I guess you'd want to be in your house that you'll buy soon before you think about having kids? Women normally like the nest to be all secure, ie not in renting.

on the contrary my wife is polish so is quite savvy with money and in general polish people in the past have had kids and a family while living at their parents (because their economy was soo bad)... so she doesnt mind renting and children.

Neither do I tbh, in the short term. Besides we wont be having a child for a few years now unless god wills it etc :P.