Parents, you're just making it worse! Please STOP!

vishpatel

PoorDave wrote:

Exactly. I couldn't agree more. We can't magically turn the clock back to a time when there weren't so many BTL LL's "ruining the market for FTB's". Anyone who thinks that is thinking down the wrong lines i'm afraid.

Thats OK. We'll just let the clock run forward & see what happens

Don't worry if you missed the boat. There'll be another one along when you least expect it

Tassotti

vishpatel wrote:

I should be able to afford it myself, and if I can't - tough.

You said it.

vishpatel

Tassotti wrote:

You said it.

Did you not read post no. 1? This thread isn't about BTL, despite some people trying to make it so.

Oh and Ems*Honie - do one

lynzpower

Why get at Ems*Honey Vishpatel, she seems to have written the only thing in this whole thread that most common sense people agree with!! You dont like that then?

do you have children? I ask this as those who do will pull out all the stops to support them not to over intellectualise the situation to the nth degree. Even if my parents had seen this thread and given the global economy a good mulling over, I really cant see them thinking, oh no love, lets not lend Lynz
5k, as this will impact on property prices and this will mean in the future blah blah blah" And theyd be quite right too!

you sound bitter to me mate.

ms_london

vishpatel wrote:

Most young people *should* be able to afford their own living costs. There are exceptions, but for most people who have started full time employment - they should be able to stand on your own two feet.

Ultimately it is better for society that they learn to support themselves.

My parents cant afford to help with a deposit for a house, nor could they afford to send my to uni (I didnt go anyway, but this wasnt the reason - I couldve funded it myself) and nor could they have afforded to pay off my debts.

I do agree with the OP with the two statements above, although I know the real point was about BTL.

At the moment my only priority is travelling, but I WILL buy a house when I am back. Since my parents cant help me out I will have to be able to manage on my own - if I cant afford a mortgage on a place I cant afford, I wont buy it. I want to save up a big a deposit as I can afford, and if that means I am renting for a few more years before I buy, then so be it.

So many people arent financially independent. So many people are in a couple (I mean relationship rather than 2 friends buying together) because they cant afford to live their own. A good friend of mine has got back with her boyfriend because she missed him being half the rent rather than anything else!! I think its a shame, as so many people do stay together for this reason. I know that's slightly off topic, but its true.

I am not on a fantastic wage, but I have managed to pay off my debt, have managed to save around £8,500 (plus flights etc) for travelling & will save an equally as big deposit for "my house". Yet I am sure there are people who are on the same wage who state that they cant afford to buy anywhere - I think sometimes if you want something you do have to work at it, and it doesnt get handed it to you on a plate. These people have good incomes but dont want to save or sacrifice their lifestyle to secure a place on the property ladder.

I am not bitter, as really dont expect my parents to help me out & want to do it on my own. I dont want to have to rely on anyone, and I dont want to have to feel as though I have to be with a partner to be able to afford to live.

Hmmm, rant over :rolleyes: !! (not sure where that come from on this monday morning!!) xx

lynzpower

Yet I am sure there are people who are on the same wage who state that they cant afford to buy anywhere - I think sometimes if you want something you do have to work at it, and it doesnt get handed it to you on a plate. These people have good incomes but dont want to save or sacrifice their lifestyle to secure a place on the property ladder.

Couldnt agree with you more there Ms L. However, whether its a hefty wedge of cash, or some old plates, parents have been helping kids set up home since time immomorial.

ms_london

lynzpower wrote:

Couldnt agree with you more there Ms L. However, whether its a hefty wedge of cash, or some old plates, parents have been helping kids set up home since time immomorial.

Yes true, and I am not slating those who do get help, however, not everyone is in that position, so those that do should think yourself lucky & not take it for granted.

I want to save up for my children (whether that be for a uni fund, house fund or travel fund) but I wont a) let them know I am saving the money or b) think it gives them an easy ride. They will have to work for it & know the value of money. They can still pay board whilst they are living at home & can still support themselves through uni, but this will be a "bonus", perhaps when they hit a certain age.

As that is a long way off (a VERY long way off) I wont think of that now :rotfl: :rotfl: :rotfl: !!

xx

ms_london

lynzpower wrote:

Couldnt agree with you more there Ms L. However, whether its a hefty wedge of cash, or some old plates, parents have been helping kids set up home since time immomorial.

In that statement I wasnt talking about kids whose parents help them out were getting it handed to them on a plate, was just talking about people who felt that the world owed them something, so just in general - as there are a lot of people who cant be bothered to put in a little effort with anything they do, to get where they want.

lynzpower

No I completely agree with you there Ms L. Completely.

BUt the OP is asking for a socialological response which goes against our culture in the main in order for the *greater good*. Just aint gonna happen.

ms_london

lynzpower wrote:

No I completely agree with you there Ms L. Completely.

BUt the OP is asking for a socialological response which goes against our culture in the main in order for the *greater good*. Just aint gonna happen.

I know that, I did warn people my post was slightly off topic.

I am hoping to have a few BTL's too (if and when I ever get on property ladder!!).