What chance does a twenty something year old have in the South? Anyone else in a similar boat?

Sapphire

FTBlalala wrote: »

So OP, lively conversation going on, lots of interesting points.

I bought my house this year at age 24 in Berkshire, it can be done. Luckily, I have a partner, two incomes massively helps the mortgage application. We were realistic about what we could afford in our area. Not a house but not a flat. A purpose built 2 bed maisonette with a garage in block. Currently OP'ing to increase equity, best laid plans will be to start the house hunt in 5 years or so but who knows what will happen.

Just to say that's great – well done! I know people who were in their late twenties and early thirties some 20–30 years ago, and it was only then that they managed to buy a flat (not a house). I think that at the time, though, it wasn't considered such a big deal to own a place – it now seems an absolute must-have. It was more difficult to get a mortgage then, and people generally bought when they were starting families and settling down. More people rented (there was cheap accommodation available, though often very shabby), and more people were satisfied with less at that time – plus London, for example, was considered a really undesirable place to live in at one time, believe it or not. It was a dump.

andrewf75

Probably already been said, but firstly 30k in your 20's is well above the average salary. Most people can't afford to buy while single and in their 20s, simple as that. And certainly can't afford to be picky about where they live. You're expecting too much IMO.

Unless a high earner or with considerable parental help you will need to save and wait til you have a partner before it becomes possible.

tommysaver

HPC_Ghuol_Hunter wrote: »

I find it morally repugnant that a man in his mid to late 20’s would still be living under the roof and rules of his parents. This is where the label man-baby comes from. At what age will you decide to cut the umbilical cord and allow your parents some time to themselves? I left home at 18 to attend university and never moved back. I could not find anything more distasteful than being in my twenties and still living under mummy and daddy’s rules. Go out there and get a life. Grow a pair and start making your own way in life. Honestly. Your parents will never always be there to bail you out or subsidise your living.

Are you feeling OK? As someone has already highlighted, this is a forum for debating house prices.. you know nothing about my parents or the 'rules' in which I live. You know nothing about my living arrangement - nor have I ever needing 'bailing out' by them. Thanks for your utmost concern though.

HPC_Ghuol_Hunter wrote: »

What is the problem with being a real man, standing on your own feet, and renting? Are you single? Do you take young men back to your mother and fathers after a night out? I’d be embarrassed and ashamed to do such an act.

I genuinely lol'd. I can only dream of being such a real man like you talking down over the internet at strangers mostly unknown scenarios! Simply incredible, I sure aspire to become nothing like you.

HPC_Ghuol_Hunter wrote: »

So knuckling down and getting on with life, making something of yourself and your career, makes you a grandad now? For the record I left home at 18 went to a top tier university then, due to my job specialism, moved hundreds of miles away for work. Like many of the self-made on here I never sat around internet fora all day and night bemoaning my lot in life. Boohoo, life is not fair. Go tell that to a Syrian.

FYI, I haven't 'moaned' once - just wondering how others in similar boats are coping. (As stated in my OP)

HPC_Ghuol_Hunter wrote: »

I doff my hat to you, in fact to anyone, for all hard work and making life a success. It builds character. My point is that for whatever I wanted to achieve in life I realised that I had to cut the umbilical cord at 18, move many miles away, knuckle down and just get on with it. I wanted a degree and a successful career so I sacrificed being close to home, family, and friends to achieve my goals. If the OP is so set in owning a suitable home that he feels supplants his ego with success then he needs to make real genuine sacrifices himself. He could move many miles away from his home and family to achieve his own goals by buying or renting cheaper. Fact is he doesn’t because he is not prepared to sacrifice anything to achieve it. He wants everything on a plate. Sorry but life is not like that for 99.99% of the populous. And wrapping himself up in the cotton candy of his parents financial support will do nothing to build his independence or character.

Incredible piece. I don't want anything on a plate hence my statements in my first post - this is merely a discussion to see how others are coping, some useful responses here bar your ramblings actually.

I don't have any financial support from my parents other than some subsidised rental.. I see the top tier university you attended has worked wonders for your 'character' - or did you skip that lecture also?

HPC_Ghuol_Hunter wrote: »

So what has the OP sacrificed to better his life and reach his life goal of homeownership? Nothing apart from denying his parents a life of their own. The whole country is now globalised. It is simply not good enough to say that only the SE England is. Quite frankly the OP needs to step up to the plate or shut up.

I'm sensing an underlying issue here, do you need a lie down?

FYI, me and my parents get along just fine - there's actually loving families out there, Ghuol.

Clearly attending such a top tier university has given you a real warming character. (Repetitions boring, isn't it?)

HPC_Ghuol_Hunter wrote: »

It is utterly disingenuous to suggest that other issues are at play when someone can not have a successful career and live at home. How do you propose attending a top tier university hundreds of miles away then pursuing a specialist career the jobs of which are even further away. Your brood may have been happy to attend the local polytechnic and pursue a generic career in business studies but we are not all cut from the same cloth. Thankfully.

I'd almost forgotten what a top university it was, thanks for the extra reminder though.

HPC_Ghuol_Hunter wrote: »

This thread is not about me so it matters not one jot when I purchased my first property. I am not the one sitting on fora day and night bemoaning my lot in life. My point is that I have made real genuine heartfelt sacrifices to get where I am today, all off my own back. So I repeat, what sacrifices has the OP taken to improves his lot? If he wants a thread of tea and sympathy then I’d suggest the goon show over on HPC or the lovely ladies on MN. .

Crikey, what hole did you crawl out from?

FYI, you have done a fairly good job of sitting on this thread and bemoaning rather a lot. Far more than I have, in fact...

Goon? I'm severely offended, luckily living with my parents they can help to overcome my hurt feelings from the internet. You cretin.

HPC_Ghuol_Hunter wrote: »

The OP has not even left home; he happily lives under the roof, rules, and subsidies of his parents. He has made the square root of zero sacrifices, so you cannot even begin to compare situations. Yet again I remind you that I did not start this thread and that this thread is not about me. Nice diversion tactic but I do not fall for fools gladly.

You clearly know my own life better than myself. Nice assumptions - wrong though (again).

I guess self funding a university degree alongside my full time career was a zero sacrifice too?

I guess a 110 mile commute at 18/19 wasn't a sacrifice either.

Oh and lol. The first question you've been raised you choose not to answer as it's not 'your post.' :rotfl: You might not have started the thread but you don't half go on spouting into it.

HPC_Ghuol_Hunter wrote: »

Excuse me? Is this a public fora? Did the OP not start the thread asking for answers towards his seemingly feeble life thus far? I can say what the hell I like as advice because I am sharing what I wish to share from my own life experience towards his situation. It matter not one jot when I bought my first house because years before I had already had to sacrifice a home, family, and friends to move away for academia. My story is about sacrifice and commitment. So yet again I repeat that the OP has sacrificed and committed nothing. So why should he be surprised when life has thrown him lemons so far. You get out what you put in. End of.

Your sacrifice made you into a beautiful person.

HPC_Ghuol_Hunter wrote: »

Yes but imagine the horror of living 30+ miles away from mummy. Who is going to wash your panties, tidy your room, cook your meals, and subsidise your living? Won’t anyone think of the man-babies???

Nice assumption, but again your incorrect. Why would my mum want to eat lots of chicken and rice? I bet women flock to 'real men' like you that talk about false assumptions on a forum.

HPC_Ghuol_Hunter wrote: »

If the nearest top tier university is hundreds of miles away from the family home then how do you profess one attends said top tier university without relocating? Polytechnics are 2 a penny though as you and your brood know only to well, eh?

Ohhh, so just to be clear - it was a top tier university, right? I had almost forgotten.

HPC_Ghuol_Hunter wrote: »

I simply do not believe you and thankfully that is also the prerogative of all readers here. The reason I do not believe you, especially your fanciful, fictitious stories of a successful brood, is that you made a direct false assertion that anyone can live at home and attend a top tier university The simplest of imbeciles with even the slightest signs of brain cell activity would know that that is utterly false. Get back in your box and let’s get you back to the poly.

Yeah; I'm bored of you now.

tommysaver

BucksLady wrote: »

I would say ''go for it''. You have nothing to lose and plenty to gain. In your situation I would look earnestly (and I know it won't be easy) for a new job in a suitable location and then plan to move forward step by step. Otherwise, I can see you living with your parents whilst celebrating your 40th birthday:D.

I'm from Bucks originally, went to uni in London and my first job was in Germany. It was all really scary at the time. It's so difficult to move out of one's comfort zone, but if progress is to be made, it has to be done . I've not regretted my decision for one moment.


Good Luck

Haha, thankyou BucksLady. I think you are right - I just need to focus on building up transferable skills first. (We use some fairly specialist software at work)

tommysaver

Barny1979 wrote: »

Generations ago would have made do getting a starter home/a foot on the ladder, nowadays a number 20 somethings want to buy a 4 bed new build and wonder why they can't when they only earn £25k per year. It's the problem with the Instagram generation, needing to keep up with the Joneses and have a 4 bed detached and 2 68 plate BMWs on the drive.

I see your point but personally I feel I don't come under this generalisation as I don't even have Instagram and I'm that 'generation' !

I'm also not interested in new cars really, my older cars are actually appreciating (albeit slowly) as I'm a car enthusiast and I'm extremely picky. OK I've spent some money on maintenance and parts - but overall it's miles better than a newer car in depreciation, and I own it.

(Just another aspect I've tried to financially minimise the hit on)

HPC_Ghuol_Hunter

happyandcontented wrote: »

Goodness, how blinkered you are:rotfl: My brood (as you put it) all attended top 5 universities and each have a post Grad qualification. They are a: Lawyer, Professor and Chemical Engineer respectively. Yet they managed what you profess cannot be done....:T

So, forgive me when I suggest either other issues are at play or you didn't try hard enough!

Nice try but this is your post that trips you up. I profess that not everyone can stay at home and attend a top tier university. As your brood left home to attend their polytechnics it illustrates that they did not manage to do what I professed cannot be done, i.e. always stay at home and attend a top tier university. It’s not always an option to every 18 year old, as it wasn’t to me. I had to move away to attend my specific top tier university and course, however it was a sacrifice I was willing to take for the benefit of building a career. Comprehension and logical cognitive thinking is clearly lacking in your mind if you think otherwise. :T

happyandcontented

HPC_Ghuol_Hunter wrote: »

Nice try but this is your post that trips you up. I profess that not everyone can stay at home and attend a top tier university. As your brood left home to attend their polytechnics it illustrates that they did not manage to do what I professed cannot be done, I.e. always stay at home and attend a top tier university. Comprehension and logical cognitive thinking is clearly lacking in your mind if you think otherwise. :T

Apologies, you seem to have some kind of MH issue. I won't push you any further.

My posts are all on the thread and clearly, do not say what you have inferred from them.

HPC_Ghuol_Hunter

tommysaver wrote: »

Are you feeling OK? As someone has already highlighted, this is a forum for debating house prices.. you know nothing about my parents or the 'rules' in which I live. You know nothing about my living arrangement - nor have I ever needing 'bailing out' by them. Thanks for your utmost concern though.

I am fine thank you. You started this thread as a long story short and tabled the question, “Or am I all wrong?” From what you yourself freely posted it was very clear to me the situation you were in, living under the roof and rules of your parents at a reduced rent; thus subsidised living arrangement. I happily offered up my advice and answered your question, most succinctly in that; yes I do believe that you, your attitude and situation are all wrong. This was not just pointed out to you by myself alone. That said I doubt anyone of note will care one jot if you actually take their advice or begin some maturing self-criticism. You can take a horse to water, et al. :beer:

tommysaver wrote: »

I genuinely lol'd. I can only dream of being such a real man like you talking down over the internet at strangers mostly unknown scenarios! Simply incredible, I sure aspire to become nothing like you.

I’m not talking down anyone. If that is what you believe from someone freely offering up genuine advice then I believe you have a more pertinent issue at play.

Don’t you worry, you will never be anyone like me. Remember I left home at 18 and started standing on my own two feet. You? Well you are stil at home mid twenties. :eek:

tommysaver wrote: »

FYI, I haven't 'moaned' once - just wondering how others in similar boats are coping. (As stated in my OP)
Incredible piece. I don't want anything on a plate hence my statements in my first post - this is merely a discussion to see how others are coping, some useful responses here bar your ramblings actually.

I don't have any financial support from my parents other than some subsidised rental.. I see the top tier university you attended has worked wonders for your 'character' - or did you skip that lecture also?

If you’d attended university, or even a lowly polytechnic like our friend on here, you would know that character is not lectured on the curriculum. :rotfl:

tommysaver wrote: »

I'm sensing an underlying issue here, do you need a lie down.
FYI, me and my parents get along just fine - there's actually loving

The correct grammar is, ‘my parents and I’. You can thank me later. :j

Cakeguts

homeless9 wrote: »

There is no denying that house prices are waaaay too high.

I am in my mid 30's living with other people in a house share who are in their 30's and 40's, who can't get onto the housing ladder. We are living in the South East, Guildford to be exact.

I came out of University in the middle of the recession and have saved ever since. I have saved £10,000 per year for the past 10 years......guess what..... 2 bedroom homes have risen £100,000 in the past 10 years, and that's in the smaller, less desirable towns surrounding Guildford.....

So I have saved a massive amount, but house prices have risen at the same ridiculous rate that I have saved at......so 10 years later, I am in no better place to buy a home on the open market than I was when I had £0 savings 10 years ago.

The only option I have is to move away. I have been thinking of moving as far as Plymouth, Bournemouth or Bristol...... or it's Shared Ownership....

It seems more and more people have no option but to buy through the Shared Ownership scheme, which is an expensive way to buy a property, but is a better option than privately renting.

Privately renting just a 1 bed apartment or house around here costs around £950 to £1200 per month in rent and bills, which is ridiculous. At least if I went to buy a Shared Ownership 2 bed house it would be around £700 per month in rent and bills and I'd get a garden and extra bedroom.

I guess a lot of us who are between 25 and 40 years old will have to live with paying the premium of buying through this scheme.....and most people sub 25 years old are probably stuffed unless there is a significant increase in wages or a house price crash.

On a development near me, they built some 2 bedroom homes which were sold for £345,000 each on the open market. Then came the 2 bed Shared Ownership homes for sale, priced at...... £380,000....

This kind of thing makes me lose my mind. The homes which are supposed to go to people who are struggling, the people who need 'affordable' homes, are being charged at a £35,000 premium. What is going on in this country!!!???.

THIS IS A !!!!!!!G OUTRAGE AND SHOULD NOT BE ALLOWED TO HAPPEN. At least charge the same price as the open market homes....don't go pricing these supposedly 'affordable homes' for a massive premium!

The trouble is that you are trying to do what people have known for a long time is impossible. You are trying to buy in an area where you cannot afford to buy. This is not a new thing. People have had to rent to live in areas where they cannot afford to buy for ever. Just because you don't earn enough to buy a property in the area that you have chosen to live in doesn't mean that house prices in general are too high. If it did none of them would sell. So there are people who earn enough to live in your chosen area but you don't.



The choice is yours. Either you try to live in an area that is too expensive for you or you choose to move to another part of the country where you would earn a bit less but not that much less that you couldn't afford to buy.



For example if you got a job in Manchester you could buy a house like this https://www.rightmove.co.uk/property-for-sale/property-74593520.html and commute to Manchester from the local station. It isn't a fantastic fashionable area but it is affordable for you. You would only need to earn enough to pay a circa £30k mortgage so anything over £15k a year would do that. With your savings and a different job you could afford to live in this area. So it isn't true that house prices are too high. What you mean is that house prices are too high for you in the area you have chosen to live in but you could afford a different area.

tommysaver

HPC_Ghuol_Hunter wrote: »

I am fine thank you. You started this thread as a long story short and tabled the question, “Or am I all wrong?” From what you yourself freely posted it was very clear to me the situation you were in, living under the roof and rules of your parents at a reduced rent; thus subsidised living arrangement. I happily offered up my advice and answered your question, most succinctly in that; yes I do believe that you, your attitude and situation are all wrong. This was not just pointed out to you by myself alone. That said I doubt anyone of note will care one jot if you actually take their advice or begin some maturing self-criticism. You can take a horse to water, et al. :beer:

I’m not talking down anyone. If that is what you believe from someone freely offering up genuine advice then I believe you have a more pertinent issue at play.

Don’t you worry, you will never be anyone like me. Remember I left home at 18 and started standing on my own two feet. You? Well you are stil at home mid twenties. :eek:

If you’d attended university, or even a lowly polytechnic like our friend on here, you would know that character is not lectured on the curriculum. :rotfl:

The correct grammar is, ‘my parents and I’. You can thank me later. :j

Your 'advice' was a load of ill-worded backward attitude chatter.

Anyone that critiques someone over the internet for still living at home at 25 in the South East is a wet wipe. You wouldn't say it to someone's face. Then again, you are a self entitled 'real man' I suppose - which is quite an achievement in itself. You must be ripped being such a real man! (:rotfl:)

Let's try again godly, inferior, top tier attendee - what year did you purchase your first property in?

Shock, it wasn't 14 times your annual wage was it? And it likely doubled/tripled in value?

Or are you still too shy to answer as 'this thread isn't about you' sweetheart? X

The pertinent issue bit (highlighted in bold for you) genuinely made me lol. I'd be inclined to say most on this forum would agree that if someone has a pertinent issue at hand, it's you. The self confessed 'Real Man' a.k.a 'Wet Wipe'.