Looking for the silver lining

HairyHandofDartmoor

It's frustrating SA, sometimes you're really good and you still don't lose . It's good that you're going to keep going though. I bet you'll have lost next week. The less you have to lose the harder it is too.

HairyHandofDartmoor

I know what you mean about our DC buying houses, I worry that mine will never be able to get on the housing ladder .

Our first house doubled in price in the ten years we had it and our current house has gone up by a third since we've been here. Great for us, but not so great if you're not on the property ladder.

I wish DH and I could afford to help them .

beanielou

DS & GF are in exactly same position.
Desperatly need to move because of the damp & mould & cant afford a new deposit & a months rent upfront.
BAh.
Cant see them ever getting on housing ladder either sadly.

HairyHandofDartmoor

It's a real shame

beanielou

It is.
We bought our first flat for 12K!!

redofromstart

I do sympathise but although my SS moans about managing deposits etc we note that he still has amaz)n deliveries most days and he spends more on lunch than I do on feeding us all. It doesn't exactly inspire us to step in and help.

Mint1955

redofromstart wrote: »

I do sympathise but although my SS moans about managing deposits etc we note that he still has amaz)n deliveries most days and he spends more on lunch than I do on feeding us all. It doesn't exactly inspire us to step in and help.

And that’s exactly why we no longer help added to one of them can’t afford to pay us back a long standing loan despite on Facebook boasting about this new product or bag or designer cat or something or other. I just ignore pleas of poverty now.

mummytogirls

Morning SA,

Im sure DS understands that you guys can't help them out, at least they've got the OH's dad to help if needs be.

I was so glad we bought our first house when we did (15 years ago) as we made double on that. We have paid for it in this house though as weve lost about £30k with the recession and the prices just haven't come back up.

I hope the other house comes good for DS xx

enthusiasticsaver

I don't think either of our girls would have managed to buy their houses without our help in the beginning with deposits. House prices are ridiculous in certain parts of the country (south in particular) but even in the midlands and north the prices may be more affordable but wages are lower. I think this will be a big problem in later years with people going into retirement still having to find rent.

There is also something to say though in that the younger generation tend to be able to do holidays, have expensive phones and cars which we did not in our early years. We also had to cope with much higher interest rates on mortgages even though house prices were much lower. Even in the 80s we struggled to live in London due to house prices hence we moved down to the south west but luckily OH had a job move so he had a job to go to down here. Not everyone is so lucky.

enthusiasticsaver

HHOD and BL. Even if you cannot afford to help them with deposits can you afford to have them stay with you and save rather than pay rent and just pay towards food and bills? Both our girls did that initially until job moves took them elsewhere. It was surprising how much they managed to save without any rent or bills to pay.