At what age is 'normal' to buy? How old were you?

jimpix12

Where do people get all this money from??!

From buying their first property 30+ years ago and relying on ever increasing prices. Sadly, for most people buying now that boat has long passed.

chelseablue

spunko2010 wrote: »

From buying their first property 30+ years ago and relying on ever increasing prices. Sadly, for most people buying now that boat has long passed.

I don't think I was ever on that boat, or if I was it capsized :rotfl:

FIRSTTIMER

just being nostalgic reading this

smile88egc

Yep. More and more buying property in your twenties is only for people born into the right family who can afford to help them out.

Perpetuating the gap between those who have, and those who have not.
Feels like going back in time.

Alice_Walker

smile88egc wrote: »

Yep. More and more buying property in your twenties is only for people born into the right family who can afford to help them out.

Perpetuating the gap between those who have, and those who have not.
Feels like going back in time.

Many young buyers still do it off their own backs, for me it took a year of so much overtime I practically lived at work, but that was enough to get a 10% deposit. I knew I could cover the repayments from my normal salary so cut back my hours once I'd achieved my aim.

FIRSTTIMER

I am still hunting....Feel guilty as ever! City Centre Apartment vs Village House....CANNOT DECIDE!!

Runningfast

I was 26 when I purchased my first house and then at 30 had to sell due to a failed relationship and lost pretty much all my savings paying off debt from the house and relationship afterwards etc.. I am now 32 and have been made redundant several times in the last few years so currently earning below average wages on both the national and local scale. Currently saving to buy a new house which I think will be another 12-18 months away. So next house will be about 34-35 etc.

Buy when you think you are ready and protect it as best you can. I wont be making the same mistake again with the relationship business so next house will be mine and only mine. If I meet that person than it will be 50-50 not 90-10% etc.

teddysmum

Age 22 (husband to be was 23), but 45 years ago.

The house was £4250 and both sets of parents gave some of the money as a wedding present, but wages were much lower then and the mortage rate in the high teens.

I was about to leave college of education after 3 years, following working for 2 years as an unqualified teacher for £12.50 a week.

NicNicP

I was 24 and that was 15 years ago.

Mallotum_X

I bought at 25 in 2002, at the time that felt like I had left it a long time, as most of my friends bought earlier.