Worth buying?

DomTom

would it be worth asking my parents to buy me a flat? assuming they could afford another mortgage.

im half way through a work placement then i have another 2 years of uni. I've saved a lot of money and i'd probably have to pay about £6000 rent over the next 2 years and if my 2 of my mates and i live in the property next year....they'd between £250-£300pm

if houses prices are rising then would it be worth it?

kinglewis

Get uni finished and enjoy the carefree life of student accomodation until you start worrying about looking after a house (or getting your parents to buy one)

Surely if they wanted to buy a flat for you they would have done so already??

DomTom

my dad offered when i started but i refused for the reason you mention

kinglewis

I wouldn't really want to live in a house that my parents own while at uni!!!

But maybe your friends would take more care of it than my uni mates would have!!

DomTom

they would but its "mates from home" who tend to break stuff. but not usually something that cant be repaired

clockworks_2

Enjoy uni with out the hassell of being a home owner.Plus halls is much more fun!

DomTom

i'd be in my fourth year... halls will just be a good memory. my plan was to get my parents to buy now while houses/flats are cheap and when my degree is finished (2012) and i'd be working i'd "buy" the house back.

PasturesNew

What if you don't get a job?
What if nobody wants to live with you, or you don't want to live with the people that want to move in (assuming they'll get an easy ride/can do what they want)?
What if the only job you can get is 100 miles away?
What if you get a gf, who moves in, gets up the duff, then you fall out?
What if house prices aren't any more when you've finished Uni? Or have fallen?

I could come up with more ....

**Upsy_Daisy**

You're an adult

Tell you're parents to spend their money on themselves and have a whale of a time - If they have brought you up so that you can be independent and stand on your own two feet then they deserve to sit back and enjoy life without anymore baggage

When I was at Uni back in the mid/late 80's (housing boom) I thought I would never be able to afford a place of my own and I did consider asking my parents for help, to buy in with me etc - in the end I didn't.

After graduating and starting at the bottom of my chosen profession, working hard for many years I do now own my own place and have a family of my own
There is no short cut.
Do it on your own and you will be better for it
My parents died in their early 60's. I'm glad that they were able to spend their 50's travelling the world, going to places they never imagined they would visit and not carrying this particular passenger

UD

property.advert

Your mates will only want to pay rent for 9 months a year though. I had that problem at university (I used to rent empty houses and then sublet rooms)

Get through university with a decent honours and then sort out your finances. Yes, your father should have bought a property but that time has gone.

Todder

Owning a house is a big responsibility and you are not big enough. I would like to recommend that you should postpone it till your job. As you get the job you will be capable enough to lift responsibilities.