Houses arent that Dear!!!

sjaypink

Cleaver wrote: »

How many people need to do that though? Most people tend to live with someone and it's fairly common for parents to help out nowadays with a deposit.

This is partly true IME. There seems to me to be an ever increasing gap between different families though IYSWIM.

It is become so hard in recent years to start yourself off in life without inheritance from grandparents or large amounts of money gifted by parents that as far as property is concerned the 'haves' and 'have-nots' seem to be more defined IYSWIM, which is what Thatcher was trying to get rid of by deregulation and RTB etc right? Funny old world

*PS wait til my Gran pops it, you all better watch out, I'm going to be turning BTL property mogul bull extraordinaire!

kriss_boy

You see I dont think it is that hard to save for a depost.

In little over a year my girlfriend and I got 6K together and that was despite being out on the bevy every weekend!!

Watching friends attempt to do the same prompts me to bite my tongue in half. Most of them fail to realise buying needlessly new cars, having pointlessly up to date mobile phones and having 5 pints during a champions league fixture is tripling their outgoings.

Cleaver

sjaypink wrote: »

This is partly true IME. There seems to me to be an ever increasing gap between different families though IYSWIM.

It is become so hard in recent years to start yourself off in life without inheritance from grandparents or large amounts of money gifted by parents that as far as property is concerned the 'haves' and 'have-nots' seem to be more defined IYSWIM, which is what Thatcher was trying to get rid of by deregulation and RTB etc right? Funny old world

I find it hard to comment on this type of thing. I look at houses and think that they are quite mental prices. However...

I'm in my late-twenties and most of our friends who wanted to buy, have bought over the past 5 or 6 years. Some have well-above average earnings and have bought bigger places, some earn slightly lower salaries and have bought smaller places. No one has seemed to struggle that much. Like most people I do have a handful of different friends living in London and none of them have bought and would never consider doing so. They seem pretty happy and accepting of this - they've never known any different so it doesn't seem to bother them. Theconcept of buying a pad in central london belongs to the rich and they don't seem to take any issue with this. Guess they are all too busy having fun, working in marketing and generally being cool. One of my London friends has been there for 10 years and is now thinking of settling down and buying a place. She simply plans to move to a northern city where she can afford it - I guess that's what 'our generation' are happy to do.

My friends and I have all got deposits in different ways: parents helping out, living at home and saving 50% of your wage, lucky sharesave schemes that came good, getting it on with a partner who has a rich family... lots of ways really. Maybe everyone I know is one of the 'haves'.

PasturesNew

Cleaver wrote: »

How many people need to do that though? Most people tend to live with someone and it's fairly common for parents to help out nowadays with a deposit.

I think there are a lot more than you think. Singles are overlooked, we tend to melt into the background in a world that is increasingly aimed at couples.

There must be thousands of people like me out there. I can't be the only one.... am I?

Cleaver

PasturesNew wrote: »

I think there are a lot more than you think. Singles are overlooked, we tend to melt into the background in a world that is increasingly aimed at couples.

There must be thousands of people like me out there. I can't be the only one.... am I?

No, of course not. You're right, there must be thousands of singles out there and I wouldn't want them to be overlooked.

I'm just saying that if you took everyone who is buying a property in any given year I imagine that quite a small percentage of them are single people who are getting no help from their parents in some way, shape or form.

PasturesNew

silvercar wrote: »

You would then only need / want a smaller house.

Unless you were committed to living alone for a good few years, it would be more sensible to rent.

I didn't buy until I was 40, by a pure stroke of luck. Renting too is very expensive for one, calculated on a "per head" basis.

sjaypink

Cleaver wrote: »

I find it hard to comment on this type of thing. I look at houses and think that they are quite mental prices.

However.... Maybe everyone I know is one of the 'haves'.

Hard to comment on much of it really, when we're just doing the anacdotal/ opinion thing rather than actual figures its just a case of what you know init

Also correct on you may only associate with haves. I most certainly tend to gravitate towards have nots, more comfortable that way :rotfl:

sjaypink

kriss_boy wrote: »

You see I dont think it is that hard to save for a depost.

In little over a year my girlfriend and I got 6K together and that was despite being out on the bevy every weekend!!

Watching friends attempt to do the same prompts me to bite my tongue in half. Most of them fail to realise buying needlessly new cars, having pointlessly up to date mobile phones and having 5 pints during a champions league fixture is tripling their outgoings.

Agree with this- wasting money on !!!!!!

But £6k - thats still 4 years to save? After doing the college, year out, uni, travelling, sleeping around for a bit longer....

...then find a decent missus, then save for several years, without cheating on her (or her finding out ), then buy a house?

Thats a dedicated plan!

Cleaver

sjaypink wrote: »

Also correct on you may only associate with haves. I most certainly tend to gravitate towards have nots, more comfortable that way :rotfl:

Maybe. I think my friends are a bit of a normal, general mix though really. Some white collar, some blue collar. Some uni-educated, some left school at 16. Web designers, teachers, solicitors, administrators, social workers, shop workers, nurses, PR people, marketing people. Some from quite affluent backgrounds some from council estates. Just your normal, random, different bunch of late twenty somethings really.

kabayiri

Do we get good value for money out of our housing though?

Not only are we paying more for houses, the amount of space we get seems to be declining. Round here, a 5 bedroom house was built on the plot of a 2 bedroom bungalow. Says it all really.