The First Time Buyer - How do they have it really?

Jack_Johnson_the_acorn

chucky wrote: »

I think you're right. Poor Graham, his accusations are a bit like when crazy people hear voices that don't exist... Paranoia...

Oh i get it now, he's claiming I'm you under a different alias..... Hi BTW.

How sad, really all it proves is several people disagree with him and he is extremely insecure with this notion. Id happily let a moderator check my Ip and compare it to that of chuckles????:T

chucky

Jack_Johnson_the_acorn wrote: »

Oh i get it now, he's claiming I'm you under a different alias..... Hi BTW.

How sad, really all it proves is several people disagree with him and he is extremely insecure with this notion. Id happily let a moderator check my Ip and compare it to that of chuckles????:T

Exactly. I'm happy for my IP to be checked too.

It's a usual ploy where Devon tries to distract the focus of him looking thick, unintelligent and desperate.

Jack_Johnson_the_acorn

chucky wrote: »

Exactly. I'm happy for my IP to be checked too.

It's a usual ploy where Devon tries to distract the focus of him looking thick, unintelligent and desperate.[/QUOTE

"Thick" might be a bit harsh..... why do all the threads on DHP&TE seem to spiral into Graham vs the world....... loves the attention i imagine.:o

Loughton_Monkey

thedalmeny wrote: »

Think you need to adjust your assumptions, the JRF Acceptance Standing Of Living Report does not factor in G&Ts, Cigars or replacing spent shotgun shells used on the homeless.

Then under no circumstances can their standard of living be termed 'acceptable'.

lazer

Graham_Devon wrote: »

So no debt to speak of after 5 years at uni and 4 years in a very low paid trainee course? Also free board and rent at home enabling you to save your entire income?

I'd suggest your example isn't the norm, rather an extreme.

Firstly I left uni at 21 - so only 3 years, and actually the only debt I had was a student loan - I worked part time at uni and practically full time in the summer.

Training course was 3 and a half years and is standard in my industry. I actually worked out that for all but the last 6 months of my training (where the pay is slightly more akin to graduate jobs) I actually had more income when I was uni with my parttime job - from memory I got £30 every Saturday and that was my weekly spending money - the student loan was to cover rent etc.
I also had £2k in savings before I even started Uni (worked every summer since I was 15/16), and didn't touch them during Uni, used them to buy and insure my first car afterwards!

As I said in the first post I only moved home in 2011 - I had my 10% deposit saved before this and had a MIP for the amount I needed for a house,
Living at home for that year enabled me to up the deposit to 15% and have enough left to get some furniture (second hand and make do stuff) and pay for my wedding. My parents didn't charge me rent but I did buy groceries, take them out for dinner etc - although I was saving well over 50% of my income at that stage.

OffGridLiving wrote: »

Why did you 'quote' the guys post, then delete the part of it that said:

"I was renting a one bed flat (That wasn't in great condition) and didn't spend money on rubbish - i found saving to be addictive"

And then have a go at him with your remark "Also free board and rent at home enabling you to save your entire income? "

Desperate muddling going on here Graham, even by your own shoddy standards!

Thanks for sticking up for me!

Graham_Devon wrote: »

How do they save almost all their earnings if they are paying rent?

Put the spade down!

As explained it was only for one year I was at home, and it was never intended to be for so long, I hoped to buy a house quickly once I started my new job in m hometown, but I couldn't find one I liked.

I don't like my example is the extreme, and to be honest if I can do it so can anyone - I have always lived within my means - so not having debts probably helped me start off on the right foot with the saving, but maybe everyone should live with their means - is it such an alien concept these days?

JencParker

OffGridLiving wrote: »

Well if they can't afford a home when they have 2 incomes and no kids, then it's highly unlikely that they will once they do have kids. They will then need to make some hard choices, where they either defer starting a family, lower their property expectations, invest in education/training to get a better income, or give up the idea of home ownership.

If there is a mistake then they have to re-plan and make the same hard choices, though with more limited options.

It's not rocket science.

Oh that old chestnut!

Yes - it really worked for all young graduates who were persuaded that getting themselves into debt by going to university would get them a better, higher paid job. All those hopeful young people who are now either jobless or working in jobs for which A levels aren't required, much less a degree!

wotsthat

JencParker wrote: »

Oh that old chestnut!

Yes - it really worked for all young graduates who were persuaded that getting themselves into debt by going to university would get them a better, higher paid job. All those hopeful young people who are now either jobless or working in jobs for which A levels aren't required, much less a degree!

100% of graduates are unemployed or doing jobs for which A levels aren't required?

At what age do you think it's best to give up on education for the best return?

OffGridLiving

JencParker wrote: »

Oh that old chestnut!

Yes - it really worked for all young graduates who were persuaded that getting themselves into debt by going to university would get them a better, higher paid job. All those hopeful young people who are now either jobless or working in jobs for which A levels aren't required, much less a degree!

Ditto on what wotsthat posted and to add...

I never mentioned University, there are plenty of low cost or free courses available. A low paid level one technician could improve his job prospects by training to get to a higher level, often with the support of the employer who would rather promote from within than pay recruiting costs for external staff.

Getting to the wider issue with your post, are you really saying that people with less qualifications & skills have better job opportunities than people with more qualifications & skills?

Or are you advocating that it's just all much too difficult and people should just give up?

wotsthat

OffGridLiving wrote: »

Or are you advocating that it's just all much too difficult and people should just give up?

We all need some luck but some people over-estimate how much is needed and assume that other people's successes are down to pure luck, conspiracy or, increasingly, immorality.

Many people don't recognise opportunities let alone take them.

This doesn't apply to me as all my failures have been someone else's fault whilst my successes are due to my awesomeness.

J_i_m

Laser, obviously you've done well for yourself. You made a solid plan and largely stuck to it and achieved your goal.

However, to save £500+ whilst renting and paying all the associated living costs of your own back, I think one of the following conditions may have applied to your situation;

a) You house shared and split the costs
b) Your rent was extremely and attractively low
c) The property you bought was very low price
d) Your starter salary of 10k per annum increased fairly rapidly

Forgive me for I am not criticising you for it, but I do find the notion of renting and saving £500+ per month on a 10k salary to be slightly unrealistic for wider society.

Thedalmeny, you're obviously fairly gifted with mathematical and statistical analysis and have spent some time producing an impressive bit of research.

However as someone has already pointed out, individual life generally does not follow bar and pie charts. I do not believe that the data holds the answer to whether first time buyers have it easy or not. There are too many factors that this analysis can not hope to cater for.

Forgive me for this quip, but I am not about to produce a PowerPoint presentation to persuade you on this view.