So if the average FTB age is 37......

Conrad

leveller2911 wrote: »

Life is a gamble and good on you that you have been very lucky...Imagine the replies if you were posting the underlined above and then added now I'm losing my job and home ,advice desperately needed...

But that is an unbalanced take on risk as 99% of people do not get repossessed.


Imagine this was 1982 - you would be saying it's a bad time to buy what with all the union problems, the recession, the Falklands, Russia upscaling it's nuclear weapons with images of missiles being paraded past the Kremlin, Iran / Iraq tensions, Oil issues, Miners strikes and the loss of mantufactuing to Korea and Japan.

You would tell me the UK had had it, as Japan now made these new fangled ultra reliable Toyotas, and the Germans made Golfs whereas we made filthy Austin Princess's and Maxi's.

Cant you see, just for once, it's always bad, it'a always risky, but on balance life goes on and 99% of us keep mour homes.

Thats the point.

Conrad

Out,_Vile_Jelly wrote: »

You do know that there are other challenges people undertake in life and other parameters by which people define themself?

I do, and I cnt stand people that judge based on wealth and possesions, it's a pet hate of mine.

Furthermore I greatly admire for example that American on BB2 last night that gave up everything to save snakes and help Humans with anti venom in India.

Nothing riles me more than one of the villagers here bragging about wealth.

At the same time, you just ought to recognise 'you' are allowing your mind to be robotised by a negative instinct, when in fact 'you' might want to challenge those deep gut instincts.

It's up to you - carry on with your current reality tunnel, or challenge it.

Why focus on the 1 in 100 chance of being repossessed when instead you can focuss on the 99 in 100 chance of retaining a home sucessfuly?

Out,_Vile_Jelly

I'm not saying that people who settled young didn't work hard and make sacrifices. But if you know for definite the path you want to follow (especially within a chosen career), it's much easier to make a decision with conviction and follow it through to a clearly defined end goal. All I knew was that I wanted to travel and work abroad; my mother left school at 16 and married at 20, and always impressed upon me the great wealth of choices and flexibility I had that she didn't (to go to university, be financialy independent, live abroad, do a range of jobs etc).

I now realise a crucial turning point in my life was not doing A Level Chemistry- a decision made at the age of 15.

Conrad

leveller2911 wrote: »

IMO luck/fortune pays a major part in life

I agree with this but none the less there are people on here who have a default to being pessimistic and over imagining risk, which is always going to be an irrational place to be.

Again the glaring statistic is 99% of owners keep thier homes, so why focus so much on downside.

Luck is to an extent maliable. For example someone can wake up tomorrow and go knocking doors and set up a window cleaning round. You can easily make £1500 per week doing this if you work fast and hard. Your Tax bill will be, well, what you want it to be.

I know bouncer with no qualifications that worked doors from Thurs - Sunday and also held down a job as a road side recovery driver - towing people.

Now with no education or luck he gradualy saved and eventualy bought a big house, with 50% down and also started a tyre changing biz.
Business people who fail nearly always are not organised and do not pay enough attention to selling - obtaining new customers.
Luck has a role but as I say it's pliable.

Conrad

Out,_Vile_Jelly wrote: »

I'm not saying that people who settled young didn't work hard and make sacrifices. But if you know for definite the path you want to follow (especially within a chosen career), it's much easier to make a decision with conviction and follow it through to a clearly defined end goal. All I knew was that I wanted to travel and work abroad; my mother left school at 16 and married at 20, and always impressed upon me the great wealth of choices and flexibility I had that she didn't (to go to university, be financialy independent, live abroad, do a range of jobs etc).

I now realise a crucial turning point in my life was not doing A Level Chemistry- a decision made at the age of 15.

But with respect why are you wasting time on things that also befell myself at that age?

I took A' Levels but not seriously enough so my goofing around stopped me going to Uni - so what?
I did not have a clue what I wanted to do, and it still troubles me now - again so what?

You can help yourself by, if you dont mind my saying, stop focusing on pointless negative things.
What Can you do?

I know Essex types that just role with the punches and do one thing after another, and have a half share in amarket stall but that just focus on buying a house and getting stuck in.

It seems you might be over thinking things - or have I go tyou wrong?

leveller2911

Conrad wrote: »

But that is an unbalanced take on risk as 99% of people do not get repossessed.


Cant you see, just for once, it's always bad, it'a always risky, but on balance life goes on and 99% of us keep mour homes.

Thats the point.

I agree, but every action has a reaction and most of the reactions we have no control over and thats where luck/fate deals the hand..We have NO control over that and thats exactly why I am doing my best to get a good deposit together with a fair amount left for a rainy day to give myself the best odds on success.They would be accepted as good decisions but will be influenced by things outside our control, luck/fate ...

You just don't want to accept that luck plays a major part of life.....Its not a weakness .


Posted before reading you now accept fate/luck.......lol

leveller2911

Conrad wrote: »

Luck is to an extent maliable. For example someone can wake up tomorrow and go knocking doors and set up a window cleaning round. You can easily make £1500 per week doing this if you work fast and hard. Your Tax bill will be, well, what you want it to be.


I know bouncer with no qualifications that worked doors from Thurs - Sunday and also held down a job as a road side recovery driver - towing people.

Now with no education or luck he gradualy saved and eventualy bought a big house, with 50% down and also started a tyre changing biz.
Business people who fail nearly always are not organised and do not pay enough attention to selling - obtaining new customers.
Luck has a role but as I say it's pliable.

Oh come on £1500 a week for cleaning windies? *cough* bullsh1t * cough*

Unless you live with your bouncer buddy and he is 100% honest with you in telling you his entire financial information ,theres no way you can say A: He's being honest , B:he really does have 50% deposit and C: He's not in debt up to his eyes....

50% of the doormen/women I know tend to be salesmen too and I don't mean 2nd hand cars....;)

I admire you for trying though..

I love hearing people say about how "you make your tax bill whatever you like" makes me chuckle Ive been self employed for nearly 25 years so tell me Conrad what am I doing wrong...Feel free to PM your M8's secret... Also if he has 50% cash deposit how will he get round the HMRC when they investigate him? showing low earnings, buying for 50% cash?...

Conrad

leveller2911 wrote: »

Oh come on £1500 a week for cleaning windies?

I know 2 blokes who make this.

3 houses per hour, @ ave cost of £20 (the going rate here) = £60ph

8 hours (1 bloke does longer though) = £480 p day

6 days X £480 = £2880 per week.

Bare in mind only about £20,000 shows as net profit, so true take home is at least £1500 p week.

Thats why official income stats should always be taken with a dose of salt

custardy

HAMISH_MCTAVISH wrote: »

What were they doing leaving it this late to buy?

Someone that was 37 in 2007 would have been born in 1970.

They'd have been 25 in 1995 in the middle of the last crash, with access to the cheapest house prices relative to income in many decades.

They'd have been 29 in 1999, before the boom took off, yet while interest rates were relatively low and mortgage funding was easily available.

They'd have been 33 in 2003, when 90% to 100% mortgages were widespread, interest rates were low, and houses were still cheap.

They'd have had the best conditions for buying a house that any generation has ever seen for most of their working life, and yet spectacularly failed to do so......

And now these house price websites are full of 35-40 year olds complaining they haven't had the chance their parents did to buy a house.....

Bizarre.

at 25 I was out traveling the world

leveller2911

Conrad wrote: »

I know 2 blokes who make this.

3 houses per hour, @ ave cost of £20 (the going rate here) = £60ph

8 hours (1 bloke does longer though) = £480 p day

6 days X £480 = £2880 per week.

Bare in mind only about £20,000 shows as net profit, so true take home is at least £1500 p week.

Thats why official income stats should always be taken with a dose of salt

Well we have 24 sashes in our windows, 2 glazed doors and ours cost £8-00 for the whole house, take into account travelling between jobs (unless they are extremely lucky in getting every single house in the street) sorry M8 it just doesn't add up for me.It would take 30 minutes to do my house and we live in a small 3 bed semi .Do you all live in dolls houses there?.

I'm in East Sussex and its not cheap to live here..So where are you then Conrad?