Indy: Economic circumstance is forcing grown adults to live like juveniles

Dotty1

wotsthat wrote: »

The older, wiser squirrels will have saved some of their acorns for a rainy day and might even have invested some of them in growing new oaks which they can rent to the young squirrels.

The young squirrels spent all their acorns on watching mission impossible and too much time hanging upside down and didn't think to save.

On a branch near me the young squirrels are entitled - they are livid!

I'm 43 and renting. I'm renting because I've been through a divorce, had a close family member die, and because my husband has his own business and has to wait for three years of accounts.

How i wish I had had a life so far like a squirrel. By the way I am a teacher. If life had been 'kind' (and I am lucky to be everything but wealthy) I would have had some savings too.

And I had a lovely cottage. And I had savings my ex took. Such is life eh, but not everyone has a storybook ending.

Graham_Devon

Dotty1 wrote: »

I'm 43 and renting. I'm renting because I've been through a divorce, had a close family member die, and because my husband has his own business and has to wait for three years of accounts.

How i wish I had had a life so far like a squirrel. By the way I am a teacher. If life had been 'kind' (and I am lucky to be everything but wealthy) I would have had some savings too.

And I had a lovely cottage. And I had savings my ex took. Such is life eh, but not everyone has a storybook ending.

Do you find it harder now than you did then? (In terms of looking to buy a home, that is?)

Dotty1

Yes I do. Financially between us we could afford a big mortgage now (probably at least a couple of thousand a month, easily) but on paper we can't even get a mortgage. We have 3 different sources of income. But they don't tick the right boxes.

Graham_Devon

Dotty1 wrote: »

Yes I do. Financially between us we could afford a big mortgage now (probably at least a couple of thousand a month, easily) but on paper we can't even get a mortgage. We have 3 different sources of income. But they don't tick the right boxes.

Well that's all the evidence needed really. Many people in the same situation have said the same thing, especially on the house buying and renting board, where people have gone through divorce and have to start again. Most say it's much harder to do the same thing now.

In general, it's those with who keep suggesting it's easier or just as easy.

I'd far rather listen to people who have tried and tested both points in time, such as yourself, than someone sitting in a home with a few BTL's and a holiday home.

ukcarper

Graham_Devon wrote: »

Well that's all the evidence needed really. Many people in the same situation have said the same thing, especially on the house buying and renting board, where people have gone through divorce and have to start again. Most say it's much harder to do the same thing now.

In general, it's those with who keep suggesting it's easier or just as easy.

I'd far rather listen to people who have tried and tested both points in time, such as yourself, than someone sitting in a home with a few BTL's and a holiday home.

I’m not sure what kind of conclusion you are trying to make out of dotty1s reply the way I understand it she is finding it hard because of the way there income is made up.

Graham_Devon

ukcarper wrote: »

I’m not sure what kind of conclusion you are trying to make out of dotty1s reply the way I understand it she is finding it hard because of the way there income is made up.

Harder is harder. Doesn't matter why.

Dotty1

ukcarper wrote: »

I’m not sure what kind of conclusion you are trying to make out of dotty1s reply the way I understand it she is finding it hard because of the way there income is made up.

I'm finding it harder because when I was younger I walked into mortgages.

Also, when I was younger I went in to see a person and could talk about our finances, now we just don't fit. We are having to save a huge deposit. Its really quite demoralising

Dotty1

ukcarper wrote: »

I’m not sure what kind of conclusion you are trying to make out of dotty1s reply the way I understand it she is finding it hard because of the way there income is made up.

1 Director of a company
2 Teacher
3 Maintenance (Ok I don't expect thsi to form part of a mortgage, but it is an income)

ukcarper

Graham_Devon wrote: »

Harder is harder. Doesn't matter why.

So what are you advocating going back to self certs as proving income seems to the main problem.

Dotty1

ukcarper wrote: »

So what are you advocating going back to self certs as proving income seems to the main problem.

I think rather than that it would be good for banks to take each case individually, that's all. Its certainly harder for us now yet I feel we are a lower risk that most people.