What do you wish you'd known as a 1st time buyer?

studentguy

ProDave wrote: »

Whoever says buying a house used to be easy is lyeing. Even back then, I bought literally the cheapest house for sale in the county, I could only just afford it, taking the maximum mortgage I could get, which even took into account a pay rise due in 2 months, that left me several £K short for the deposit so my good car had to go and be replaced with a £200 rusty banger. t was a new house but it was 2 years before I could afford new carpets for it. People today would not give up their pay tv, internet, phones etc to save money and be frugal to afford a first house.

I also wish it had been possible to borrow money to buy land. I had the chance of a reasonable building plot buy nobody would lend money to buy the land. It was another 20 years before I finally got my dream of building my own house.

Firstly, you'd probably not be able to buy that house today on a equivalent salary.

Secondly, this notion that people aren't willing to scrimp and save is a nonsense. The internet isn't a luxury these days either, often people need it for work purposes, same with phones in this day and age (although you don't need the latest and greatest). Rent is a lot higher than it used to be, and takes a lot of peoples income away before they can save.

Can you please stop buying into this rubbish that 'millennials' spend all their money on avocados etc it's a nonsense.