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

Jhoney_2

Bossypants wrote: »

Thank you for clarifying, that does make more sense!

My pleasure.:)

Marvel1

25/26, I'm trying to think, 33 now, it was November just before the crash. Not my ideal home, it was a rash choice and just wanted to get out, and picked the first house I cpuld afford, could sell but I'm lazy at stuff like this. Proud to say no help from Mammy and Daddy (it's the way I am).

What !!!!es me off more is though a mate of mine 33, still living at home, complains why I don't go out much, maybe it's because I'm living alone and pay all bills myself, there is no 50/50! (sorry for rant).

charlamine

I was 18 when I bought first property but times were very different. It was 2004 properties were dirt cheap, 5% mortgages were common place and rates were super low! I bought a 72k flat with a 6k deposit and my morgage company was I think 306 per month. Things are very different now!

cydney65

I was 18 back in 1984. We saved up a deposit of £2000 for a 2 bedroomed end of terrace costing £17000. We moved out 9 years later after it subsided! Apparently it's now worth about £125000.

Alarae

Completed on our house last month and I am 22.

This is only possible due to help from in laws, if we waited to save we would be priced out of our area quicker than we can save. (Woodley/Reading).

Our mortgage is only £50 more than our previous rent for a one bed house with no garden. We bought a 3 bed house.

PasturesNew

You can't compare what others did with what you're doing. They might be in couples, or getting some money from parents/other, or living in cheaper areas.

You're living your life, not theirs.

molerat

26. £500 deposit (just over 3 weeks pay), 97% mortgage, single earner family, married with 3 yr old and 1 month old children. 3 bed semi less than 2 x my salary. Those were the days.

System

I first bought a property with my ex at 24. Deposit was inheritance. When split up with ex, 2.5 years later when I was 26, I moved back with my parents.

For 2.5 years, I gave myself £150 a month for petrol, mobile and other things. Saved the rest. Got my property that I live in now aged 29.

sorryitsme

20 in 1997 for a 3 bed flat For 65k prices were so much cheaper in London then. The deposit was 5k gifted by my uncle, sold it in 2003 for 169k to upgrade to a house. My 23 yr old younger sister has no chance buying round here now!

gazter

FIRSTTIMER wrote: »

Hi,


I just wanted to not feel so on my own by asking what age are people buying these days? I am 30 have a 40k deposit and am thinking I should be buying now as opposed to living with the parents.....thoughts?


Save More?

No. You need to start your life!! You cant live in a bedroom all your life. 40k is a substantial sum. I was 26 when i left home, should have done it years earlier, rented for a year, then bought first home. Had no more than a couple of thousand for a deposit in 2004. But then, that was all you needed!