is it reasonable to expect that

want2bmortgage3

A single 31 year old who works f/t should want and be able to afford their own place, and not have to house share or live with parents?

Southend1

Yes it is reasonable but it can be hard with house prices as high as they are. I am also 31 and single and finally bought my first house last year after many years of saving for the deposit.

ScotlandM

Reasonable for sure. You'd usually need to save a deposit for a while and probably not be on minimum wage.

In perfect economics you'd start working after school (18) at minimum wage and after 10 years of experience you're on a better wage and after 25 you start saving for a deposit.

Can you wake up on your 31st birthday with no savings and still on a low paid job and expect a house to come to you, sadly not.

It might take a bit of working your finances and not expect a 3 bedroom house in the country but there'll be something for you.

If you'd like help from us, do you have any deposit saved? What sort of wage are you on? Would your parents help with a deposit?

Littleweedj

YES for sure!

DRP

want2bmortgage3 wrote: »

A single 31 year old who works f/t should want and be able to afford their own place, and not have to house share or live with parents?

these days no-one can get a mortgage without a substantial deposit - so it doesn';t matter how old you are or if you work full-time.

it matters more how long have you been saving and how hard have you been saving?

DannyboyMidlands

Not necessarily. Depends how much they earn, whether they p*ss it all up the wall, what kind of place they want to buy etc. etc.

thegirlintheattic

I think it all depends on your job and finances. I know quite a few people around your age who own their own home and one or two who still live with parents. Those who live with parents didn't save and/or work in low pay jobs.

I don't think 31, low pay, few savings is reasonable.

pinkteapot

How much does this 31 year old earn, how much have they saved and what sort of property do they want?

If they're working in a minimum wage job, have saved £86, and want to buy a 3-bed detached in the London suburbs, then no.

tight_is_right

I don't think you can expect it no.

Given the right approach to your younger years having your own place at 31 is *very* achievable. However this would mean paying attention at school, working hard once you get a job and consciously putting savings aside every month.

If you dos around at school then getting a good job is going to be harder, but you've still got 12-15 years to mature up and find something you're good at. If you worked hard but failed to save then you should still have potential to save a deposit quite easily.

These days people seem to be so focused on the now that they think it's unfair when they can't afford a house. If your on a decent enough wage then your deposit was almost certainly spent on tat, drinking and holidays. If you're in a dead end job then you should have paid more attention at school. So imo if you can't afford to buy your own house at 31 then there is nobody to blame but yourself.

fwiw, I'm 31, single and can't afford my own house, but I'm working on it.

note_2

'A single 31 year old who works f/t should want and be able to afford their own place'

well it depends on how much you earn and what sort of price level your area is.....and how much you put aside each month to save for a deposit...

but no, simply put it is not a right to say 'i'm in full time employment therefore i have a right to have qualify for a mortgage for x property'.

try and divert more attention into getting a good deposit though OP..

GDB2222

There's a difference between aspiration and entitlement. You can work towards it.

Edit: BTW, I'm nearly 60, rather overweight, and not very good at sports. Can I reasonably expect an Olympic medal?