How can anyone born in the 90s purchase a property?

wotsthat

Mr. Loughton Monkey, formerly of this parish, would tell you buy as much as you can afford as soon as possible.

It's just somewhere to live. Get it, keep earning and keep saving.

Don't start complaining about your date of birth or what you can't afford - it's the road to misery and bitterness leading to https://www.hpc.co.uk

CLAPTON

with the population growing at 1 million every 4/5 years then buying is a no brainer : in London growth at 100,000 per year guarantees higher prices

either massive house building and/or reduced immigration

no reasonable prospect of either

TheeMaskedTurnip

Priced out? Really or is it just how you feel as a first time buyer? No one is genuinely priced out. Knuckle down work hard then save and that first dream home IS yours.

Blacklight

70k under the mattress and you can't get a mortgage on 30k a year... typical of gen y, can't be bothered will you please do it for me cotton wool kids.

Samsonite1

CLAPTON wrote: »

with the population growing at 1 million every 4/5 years then buying is a no brainer : in London growth at 100,000 per year guarantees higher prices

either massive house building and/or reduced immigration

no reasonable prospect of either

Very true. We got a good deal on a house 3 years ago and it sold for £200k more last month - that may not be Central London figures, but they are real figures in terms of buying and selling and are fairly high.

Mistermeaner

Move somewhere else or get a better job or get a partner.

There is no other answer

You can buy a 1 bed flat 1 mile from me for 70k so you would be mortgage free here. And this is a nice place to live

CLAPTON

it would seem that there are cheap parts of the UK and there are less cheap parts; I would never have realised that.
and it appears that the ability to buy varies between these areas

Mistermeaner

The 20mile radius around guildford appear to be in the not so cheap category. Its a pity right move does not allow searches in other areas

setmefree2

*~Zephyr~* wrote: »

Yes, 90's babies can buy houses, but it depends on where they are buying.

My 22 yr old step-daughter bought her first house in 2013. She's worked a just over minimum wage job since the day she got her NI numbercard through. With her BF (who earns under 20k) they saved a 20k deposit and bought a 3 bed victorian terrace in need of modernisation for £100k. In the last 12 months they have worked their butts off renovating and now have a gorgeous home worth about £130k. So, at nearly 23 yrs old they have a home with nearly 40% equity.

Its not their first choice of area, and they didn't really want a fixer-upper, but they bought what they could afford. In a couple of years they will be able to sell and move to something closer to their ideal.

It's not easy, but yet, if a couple of minmum wages earners can do it, almost anyone can.

I think you're going to have to accept that Guildford is out of your price range and buy somewhere cheaper. Maybe your second home purchase can be back in the area you want?

This backs up what I believe - there isn't a shortage of homes in the UK - there is a shortage of homes in "middle class" areas in pristine condition.

I was born in the 60s and both the houses we bought were renovation projects/"the worst houses in the best streets". My parents born in the 30s also bought a renovation project - so this is nothing new.

setmefree2

cells wrote: »

What you need to do is find a nice girl/guy who also has a £70k deposit and a £30k wage and then your budget jumps to £400k which I will guess is enough to buy what you are looking for where you are looking for it

In popular places a single wage will be outbid by two wages.

And this has always been true. Even in the 80s it was impossible for singles to buy in London. People bought with friends.