How to get on the property ladder in 2 years.

Loughton_Monkey

Well done, Sibley.

Excellent article.

From tomorrow, the wife is going back to her mothers, selling her car, and taking a second job. I'll stay here, carry on smoking, and holiday on my own. OK. It might take 4 years, but I'm not desperate.

IveSeenTheLight

Graham_Devon wrote: »

Indeed.

I know a number of people who don't.

More to the point, most of them I know who DO do what you are talking about, are not even ready to buy a property. Do you know many who you talk about who are over 25?

Or are you talking 18-25 year olds who are still living with their parents and enjoying their lives.....and I say good luck to them while they can.

We all make decisions in life Graham.
I first bought when I was 26, the wife was 22.
We did so because we had saved up to be able to afford.

No wonder many can't afford and the FTBer age is increasing if the 'youth' you describe have no foresight or planning for the future.

One wonders if they have considered their pensions, probably not. That will be something they consider once they get into their 40's no doubt.

Really your describing "I wants" without them doing anything to achieve it

http://www.youtube.com/watch?v=gfLD-7bCtME

Who would have thought Queen would have been so insightful if not their original meaning.

"Here's to the future, hear the cry of youth,
I want it all, I want it all, I want it all, and I want it now,
I want it all, I want it all, I want it all, and I want it now, "

Graham_Devon

IveSeenTheLight wrote: »

We all make decisions in life Graham.
I first bought when I was 26, the wife was 22.
We did so because we had saved up to be able to afford.

No wonder many can't afford and the FTBer age is increasing if the 'youth' you describe have no foresight or planning for the future.

One wonders if they have considered their pensions, probably not. That will be something they consider once they get into their 40's no doubt.

Really your describing "I wants" without them doing anything to achieve it

http://www.youtube.com/watch?v=gfLD-7bCtME

Who would have thought Queen would have been so insightful if not their original meaning.

"Here's to the future, hear the cry of youth,
I want it all, I want it all, I want it all, and I want it now,
I want it all, I want it all, I want it all, and I want it now, "

So in other words, yes, you were talking about 18-25 year olds living with their parents and going on holiday.

And your going to have a go at people for that? LOL.

IveSeenTheLight

Graham_Devon wrote: »

So in other words, yes, you were talking about 18-25 year olds living with their parents and going on holiday.

And your going to have a go at people for that? LOL.

No I'm not, but you would like to think that would you.

I know people in their early 20's that have bought a home and have already started their famalies.

I also know people in their mid 30's that are still trying to live the life of a teenager.
In fact on reflection, I know a guy in his early 40's that fit the same bill.

It doesn't suit your needs though does it Graham.

The fact is, it's up to people how they prepare and what they can or cannot achieve in life.

That early 40 year old may be very happy in his life, renting, trying to pull each weekend, living 'life to the full'.
It's not for me though.

I've said we all make decisions in life and what we achieve from those decisions we only have ourselves to blame, not the government, not the baby boomers or anyone else.

Graham_Devon

What are you trying tp put words into my mouth for? Whats with all this "its not good enough for you is it graham" and "you want everything handed on a plate, dont you graham".

All I asked was a question as to how old the people you talked about were.

I don't think personally its a good thing to start suggesting people aged 18-25, living with their parents etc, shouldn't go on holiday, or enjoy themselves, and simply bunker down ready to start taking on debt and becoming debt slaves.

IveSeenTheLight

Graham_Devon wrote: »

What are you trying tp put words into my mouth for? Whats with all this "its not good enough for you is it graham" and "you want everything handed on a plate, dont you graham".

All I asked was a question as to how old the people you talked about were.

I don't think personally its a good thing to start suggesting people aged 18-25, living with their parents etc, shouldn't go on holiday, or enjoy themselves, and simply bunker down ready to start taking on debt and becoming debt slaves.

LOL, go back to post 15 where you started trying to put words into my mouth.
Reap what you sow Graham

So in other words, yes, you were talking about 18-25 year olds living with their parents and going on holiday.

And your going to have a go at people for that? LOL.

Incidently, I've said a number of times even in this thread, we all make our choices and suffer / benefit from those choices we make.

Neither is right or wrong, but neither should people complain that FTBer age is increasing and people can't afford if their 'youth' was spent frivoulously

Graham_Devon

IveSeenTheLight wrote: »

LOL, go back to post 15 where you started trying to put words into my mouth.
Reap what you sow Graham


Incidently, I've said a number of times even in this thread, we all make our choices and suffer / benefit from those choices we make.

Neither is right or wrong, but neither should people complain that FTBer age is increasing and people can't afford if their 'youth' was spent frivoulously

Well all I can say, is it comes to something when your thanking mr property class

IveSeenTheLight

Graham_Devon wrote: »

Well all I can say, is it comes to something when your thanking mr property class

I simply agreed with the statement.

We had to scrimp save and work hard to get our deposits together why the hell can't the 'i want it now' generation. Want a dream house, knuckle down study, work hard and save.

I've even thanked your posts from time to time.

Nevermind, you believe that someone should be able to go on multiple foreign holidays a year and then be able to immediatley afford a property when they've had enough.

I understand you VI point of view. You are in a shared ownership scheme and don't want prices to inflate so you'll end up paying more.

I've bought properties, don't mew (in fact I rapidly repay), am considering investing further and also have children that I would like them to be able to afford in their future.
I therefore don't have a VI in prices rising either, however I do understand the fundamentals in place at the moment which nigh on gaurantees over the long term that prices will rise and try to position myself ro benefit from it.

I've said before and to the point like I'm sounding like a broken record, if you want more properties to be affordable to a greater number of people, you need a greater amount of supply to be available.

If that doesn't happen or the fundamentals don;t change, there's only one conclusion

ninky_2

IveSeenTheLight wrote: »

You are in a shared ownership scheme and don't want prices to inflate so you'll end up paying more.

out of interest, who pays for the property maintenance etc in a 'shared ownership' scheme. does the other 'shared owner' (i.e. landlord) cough up for their percentage? if not, that sounds like a total con to me. plus, who decides when maintenance actually needs doing on the property?

wotsthat

ninky wrote: »

out of interest, who pays for the property maintenance etc in a 'shared ownership' scheme. does the other 'shared owner' (i.e. landlord) cough up for their percentage? if not, that sounds like a total con to me. plus, who decides when maintenance actually needs doing on the property?

Almost always the house buyer is responsible for property maintenance on their share and the landlords share as well.