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Debate House Prices
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Nobody is priced out..
Comments
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Having gone through the process I will say I have been attacked at many points for doing what is best by myself and my now wife.
1, I was wrong to run up debts while training, I was earning £40 and spending £70 at first, oh the life of luxury. Interestingly my wife to be was following a similar pattern of course I hadn't met her yet.
2, I was wrong to come up with a plan of reducing interest payments across both our debts as this involved transferring debts between our names (both ways), this was risky to each of us at different times, but we both benefitted massively.
3, During this time we both lived with parents and followed the good advice, but this was wrong as I was doing it.
4, It was wrong we went straight to a 3 bed semi as we should have saved for 2 months less and bought a flat, despite both being 28 at the time and certainly wanting children if possible.
I do wonder how much was because I was doing it wrong, and how much was sheer bitterness because I was getting it so right?
You delayed gratification and made the sensible decisions millions of folk right now are themselves emulating.
A million years from now there will others just like you doing the exact same thing and of course a tribe of jeerers telling the world life is sooo unfair and hard now.
Today is always worse than yesterday for some - you can find surveys going back 200 years showing this. Always a proportion of every population thinks today is worse than yesterday. I'd say this is some sort of evolutionary survival imperative at play - you need someone in the tribe to keep people alert to dangers.0 -
With you there apart from the ink. There must be some sort of collusion going on there.Look around you, this forum is dedicated to buying as cheaply as possible.
Unless you consumers start deliberately targeting firms that charge more (because they pay workers well), then what is the answer?
You shop around for cheap tyres, ink and insurance so you are the reason wages in some sectors are kept low. Stop buying cheap chinese products would be a start.
Ask any self employed tradesperson how well to do left wing middle class types expect them to plaster thier walls and sort thier gardens for as little as possible.0 -
You and Devon paint this as some sort of black or white choice, but that's far too simplistic.
No no no.....that was you and the OP.
The analogy that you should delay gratification, to buy somewhere that doesn't suit your needs is an absurd analogy.
On the one hand you are suggesting the person has to do without to get what they want.
On the other you encourage buying something that's not what they want as soon as possible in order to avoid delay.0 -
Graham_Devon wrote: »
The analogy that you should delay gratification, to buy somewhere that doesn't suit your needs is an absurd analogy.
On the one hand you are suggesting the person has to do without to get what they want.
On the other you encourage buying something that's not what they want as soon as possible in order to avoid delay.
Delayed gratification = simply putting off certain actions in order to arrive at improved position a bit later.
An example would be staying at home with Mum as me and many of my contemporaries did such that we could save to buy.
Why on Earth is this absurd? You seem to be implying we each assert a right to be as happy as possible all of the time, that delaying gratification is not a worthy practice?
Why study for 6 years to be a Doc then, why not just get a job at 17 and party?
Most people are not priced out if they follow an early years tactic of sacrifice and delaying gratification of space of thier own or for example by renting just a cheap room so they can save more.
Aquiring your own territory takes effort.0 -
An example would be staying at home with Mum as me and many of my contemporaries did such that we could save to buy.
What if your parents live in the middle of nowhere, with limited employment and public transport? People on this board seem to assume that everyone's life pans out exactly like theirs (especially couples, who genuinely have no idea how expensive/dispiriting it is to be terminally single).They are an EYESORES!!!!0 -
Graham_Devon wrote: »Children are always overlooked on this forum.
Absolute b0ll0cks and you know it Graham.
Children are not overlooked, it's just part of the consideraationsHowever, I want to start a family and on our current salaries it really will be a choice between saving for a deposit or having enough money to raise a child. To me, a family is more important than home ownership, and I'd like to have a family at/around 30 years of age.
I had my first child at 35, my wife was 31.
Before that, we prioritised on getting a flat and then upgrading to a house, ready for when our children came alongOn our current salaries, it would take us approximately two years to save a deposit to purchase a house under the Help to Buy scheme.
Fantastic, you should focus on achieving that.I'd be willing to save for another two years, but I don't want to spend my life letting everything else pass me by, and delaying starting a family, because the car broke down and set us back two months, then my office PC broke and set us back another two months...we're not exactly frivolous with our spending, but the necessary things add up.
Focus, look at this site for ways to reduce outgoings and to maximise income.As I say, I don't expect to be entitled to a home and I'd be happy renting, but OH wanted to buy. The fact that he hoped to buy was weighing on me constantly, as I'd done the sums and couldn't see how it was possible without having to start a family at least into our early thirties and possibly even later. As I said to him - we can't have it both ways.
Your OH if being SMART.
Think about the rental costs in 5, 10 or 15 years time and do the sums to compare against buying in two.
If you want to bring up a family, in my opinion, there is much more security financially in owning your own home as you will have less risk of increasing costs and having to move.As I said to him - we can't have it both ways.
you can it appears.
2 years is not much to sacrifice to achieve your goals and lay the foundations before having a family.Fortunately he now agrees with me, and we've decided that renting is the way forward. I don't want to spend a large portion of my life with saving hanging over me, constantly living on barely any money and being unable to start a family in the hope that I'll eventually have enough money to go and buy a house. To me, that's no life.
Good luck.
One question, what did you and your OH do with the last 10 years income?:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »Absolute b0ll0cks and you know it Graham.
Alright.
You show me where any of those with a liking towards higher house prices factor in children when talking about what people can afford and suggesting how affordable houses are?
I await my apology.0 -
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Graham_Devon wrote: »You show me where any of those with a liking towards higher house prices factor in children when talking about what people can afford and suggesting how affordable houses are?
You've been playing bulls and bears too long.0 -
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