What size deposit do people on here have?

Swipe

mitchaa wrote: »

I agree you can be frugal and live an existance on baked beans but then you also have to balance that out and remember you only live once.

8yrs is a long time, and i suspect in our case, if we cut the leisure out of our budget we would be able to save £2k instead of our £1k, but then as a consequence our lifestyles would take a hit.

I do agree it can be done, but i also know there are a lot more important things in life, the main 1 being enjoying it

Well, it was hardly a life on baked beans. Just meant driving and keeping an older (1999) unfashionable but reliable car rather than having the latest beamer and riding an old classic motorcycle (1988, but still stylish which still turns heads) rather than the latest supersports, and not buying the latest crap for the sake of keeping up with my peers. Those are the things where my peers haemorrhaged their money, especially insurance and dealership service costs. Every little helps.

dopester

100%. "Mister 100%."

I've noted DD's posts where he cautions about how life in the future isn't always as simple - and life can throw up the unexpected, so we shouldn't be too harsh on people in difficult circumstances. I agree, except for when they've been very reckless and used their homes as cash-machines for years.

Still.. DD warnings hit fully that I'd prefer to live within my means and have the satisfaction of that, rather than risking more on a dream-house with big mortgage.

So just a small but well-built house.. - has to be energy efficient. Small, charming but practical that I can buy outright without a mortgage. Not a flat though.

[Deleted User]

Reading this thread has slightly depressed me! I was hoping to see people in a similar boat to me... I'm not sure if there are quite a few STR'ers, inheritence, mid-30s or maybe just plain rich people replying here

Anyway, I'm 25, work in I.T., I'll be completely debt free ~ Aug 09, then saving £650pm (43% net) while renting and I'm having a pretty happy, content life to be honest. Single and looking to buy sometime around Sept 2012, according to MS Excel and it's drag down function.

Hopefully by then I'll have a good 20k deposit with 5k for bit and bits and all the fees and costs that come with buying your first home.

I feel quite lucky to have been born at the time I was and to hopefully be somewhere near the mythical bottom when it comes, hopefully. 3 years earlier and I possibably would have bought just at the peak... :eek:

StevieJ

dopester wrote: »

100%. "Mister 100%."

I've noted DD's posts where he cautions about how life in the future isn't always as simple - and life can throw up the unexpected, so we shouldn't be too harsh on people in difficult circumstances. I agree, except for when they've been very reckless and used their homes as cash-machines for years.

Still.. DD warnings hit fully that I'd prefer to live within my means and have the satisfaction of that, rather than risking more on a dream-house with big mortgage.

So just a small but well-built house.. - has to be energy efficient. Small, charming but practical that I can buy outright without a mortgage. Not a flat though.

Hey, what about those cute little cottages in Dunham near the Axe and Cleaver (I think it is called), how much do they cost What a dodgy name for a pub!

dopester

StevieJ wrote: »

Hey, what about those cute little cottages in Dunham near the Axe and Cleaver (I think it is called), how much do they cost What a dodgy name for a pub!

I'm not sure how much they are going for. Dunham Massey. If I'm placing that pub correctly (I don't drink alcohol) they are a bit too far out for me, and would require a car - something I may want to give up when I get a house, so want to be close to public transport like the train. We've been in that pub once I think, where we played in the quiz night going on - yeah great name.

LittleMissAspie

Mine's in my sig, hope to use £20k for a 20% deposit by the time we are ready. It's all from personal savings. We will get parental assistance too but I'm not factoring it into my calculations, it'll be a bonus

We are FTBs in our late 20s. We rent a small cheap (for the area) house. Joint income about £47k but we keep our finances separate so we have to save based on my lower income, because I insist on 50/50.

Cleaver

I've got 1.2 million to spend on a big house, a smaller house by the sea and a boat.

As we've got no way of verifying whether people on here even have a deposit and aren't just 12 year olds living with their parents I thought I may as well give myself a good sum.

ad9898_3

Deleted_User wrote: »

Reading this thread has slightly depressed me! I was hoping to see people in a similar boat to me... I'm not sure if there are quite a few STR'ers, inheritence, mid-30s or maybe just plain rich people replying here

Anyway, I'm 25, work in I.T., I'll be completely debt free ~ Aug 09, then saving £650pm (43% net) while renting and I'm having a pretty happy, content life to be honest. Single and looking to buy sometime around Sept 2012, according to MS Excel and it's drag down function.

Hopefully by then I'll have a good 20k deposit with 5k for bit and bits and all the fees and costs that come with buying your first home.

I feel quite lucky to have been born at the time I was and to hopefully be somewhere near the mythical bottom when it comes, hopefully. 3 years earlier and I possibably would have bought just at the peak... :eek:

Don't get depressed mate, lots of people on here are quite a bit older than yourself (me included unfortunately:o), keep saving, you'll get their in the end.

Cleaver

Deleted_User wrote: »

Reading this thread has slightly depressed me! I was hoping to see people in a similar boat to me... I'm not sure if there are quite a few STR'ers, inheritence, mid-30s or maybe just plain rich people replying here

Or possibly people adding a few zeros. Although people wouldn't lie about their wealth on an internet forum... would they?

ad9898_3

Cleaver wrote: »

Or possibly people adding a few zeros. Although people wouldn't lie about their wealth on an internet forum... would they?

Lol, it was just what i was thinking when I saw your 1.2 million post ( I thought yeh bollox:D), then read the rest of the post.... oops.