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For those who think we had it easy...
Comments
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Poppyk - the plural of anecdote is not evidence:rolleyes: Whilst I'm pleased for your nephew who's able to get a foot on the ladder - the effective salary is nearly 30K as he's not buying alone and there's certainly nowhere near here where you could buy a 2 bed property of any description for under £100K!
But it's typical example of two kinds of people, which I may add have always existed. I am one of 4. 3 of us own our own home, 1 lives in HA. She choose a different life to us and wanted the fast car, speed boat (it's true) and holidays while we bought houses. (incidentally it's the sister who had the speedboat who's son is keen to get on the property market).
No he's not buying alone, but I can't think of any of my friends who bought alone in the 80's either. I couldn't have bought alone and neither could my OH.
£100k is the min for a 2 bed terrace in an okish area needing a lot of work. The wages locally reflect the house prices though. In this area of S. Wales wages are very low and there is a lot of HA properties available even to young couples with no children (my neice and her OH have a 1 bed HA flat).
I agree with other posters that location is important and I would not buy in a very rough area, I would rent elsewhere.
~Laugh and the world laughs with you, weep and you weep alone.~:)
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OK fair point re computers, you don't necessarily have to own one, and can use libraries/internet cafes instead.
Overall the point is still valid though, it doesn't cost the earth to benefit from the great advantages we've made in technology, or for home entertainment.
I agree that gym memberships are a waste though, generally add up to around £400 to £500 per annum, you could buy decent enough equipment to use at home for under half that, or just buy a pair of running shoes and jog on the streets instead!
Actually a debate I often get into is over cars. As I said, I live on the outskirts of London, and haven't had a car for 10 years now. Live right near a station, already pay a lot to commute to work, and have good transport links, so get by without one. Yet others consider a car a necessity, and these aren't even people who have a family or who live further out and have poor transport links etc, making it more of an essential.
I can't stomach paying out on a depreciating asset such as a car, and maintaining it, aswell as paying out high rent, when I don't even need one in truth in my current circumstances (and I can't even park for free on my own road anyway :rolleyes: )0 -
you can use them free in libraries. My MIL manages without one:p
Marvellous. I can visit the library on a Thursday evening. The only night it's open after I finish work.
I take it you made all of your 7000+ posts from a library.but it's always old people who have the old fashioned phones that they use for 'essential' calls while the younger people have the newer models and are constantly texting!
Rubbish. I'm 23 and have a PAYG phone. I spend about £40 per year.and you only need one, but most people have more than 1!
We only have one TV. Bought secondhand off ebay.but there is so much more peer pressure on people to have things.
Yeah. If you're a shallow vacuous moron.As a child I had two pairs of shoes at time. Best/school shoes and playing shoes. In addition I would have black plimsols, flip flops and maybe wellies.
My DD (12) has school shoes, black dolly shoes, silver dolly shoes, pink dolly shoes, DC trainers (fashion), Reebok trainers (for exercise), fashion boots, 4 pairs of flip flops and pink floral wellies. Madness when I see it written down. She chooses to spend some of her pocket/birthday money on these items. She was going to spend £100 on a PAYG mobile but I had a Dialaphone contract one for her for £5 per month as it's better value.
So you're criticising other people for spending on luxuries whilst encouraging your daughter to buy more shoes than she needs. I hope you have the same attitude to her when she is old enough to think about buying a house.
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ours are open 3 late nights a week and all day Saturday and Sunday. I post from my PC paid for with mine and OH salaries. It's how we choose to spend our money. I can afford it so why not? Am I whinging I can't afford something? I would like a brand new car, everyone has a brand new car, why can't I have a brand new car - Oh because I bought a new PC last year as my 6 year old one hard drive failed:rolleyes:Marvellous. I can visit the library on a Thursday evening. The only night it's open after I finish work.
I take it you made all of your 7000+ posts from a library.
Are you the exception or the norm though?tr3mor wrote:Rubbish. I'm 23 and have a PAYG phone. I spend about £40 per year.
your choice!tr3mor wrote:We only have one TV. Bought secondhand off ebay.
I don't think I'm shallow or a moron (though you've proved a point about being rude!). I think I'm normal in wanting things. You obviously want more which is why you are angry. Peer pressure has always and will always exist. Whether you give in to it is your decision.tr3mor wrote:Yeah. If you're a shallow vacuous moron.
I'm not criticising people for spending on luxuries, merely pointing out that it's how they choose to spend their money. I said I'm horrified by the things my DD has bought when I list it. She chose to spend her money on them and I make it clear it's her choice to her and that she can't have X if she buys Y. When she comes to buying a house it will be hard as Uni fees will have trippled, but on the plus side she stands to inherit a very nice house from us which will pay off any debts she has. I was luckier than many friends (in some respects) in that my parents moved from a council house to their own home before they died. We sold their house for £40k and each inherited £10k which 3 of used to move up the property ladder/pay off some mortgage. More children stand to inherit houses now than ever before giving them security in later life.tr3mor wrote:So you're criticising other people for spending on luxuries whilst encouraging your daughter to buy more shoes than she needs. I hope you have the same attitude to her when she is old enough to think about buying a house. ~Laugh and the world laughs with you, weep and you weep alone.~:)
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Not true - my mum, who is nearly 60, has a fancier phone than I do!but it's always old people who have the old fashioned phones that they use for 'essential' calls while the younger people have the newer models and are constantly texting!
I have an ancient phone, no colour screen, no camera, just makes calls and sends texts, just how I like it. It's PAYG and I spend less than £3 a month on it. My OH is similar, though his phone does have a colour screen, all we use them for is the odd text/short phone call.
Why on earth would anyone need more than one phone? The mind boggles.and you only need one, but most people have more than 1!
Depends on the age bracket you're talking about. OH and I are twenty-somethings and feel absolutely no peer pressure to have anything. We do live a reasonably comfortable life, but we are also frugal in many of the important areas. We absolutely know where we could cut back, if we needed to, as we have lived more frugally in the past. As it is, all our furniture, including TV, DVD player etc, is hand-me-down from parents and relatives, we cook nearly everything from scratch using cheap, basic ingredients, we don't buy sandwiches or go out for lunch but make our own, we are careful with our utilities, we spend next to nothing on clothes and buy whatever is cheapest, and we generally try to be as economical as we can. Our main "luxury" is our computers, which we saved up to buy and which my OH built himself, thereby saving money as well.but there is so much more peer pressure on people to have things.
This isn't directed at poppy, but is a general comment - I just strongly dislike all the stereotyping that seems to go on these days on this board about young people complaining because they can't afford to buy. We're not all frittering our cash away, we're not living beyond our means, we don't have designer clothes, or LCD TVs, or contract mobiles, and we are saving up for a deposit on a house and for our future. No, we're not happy that houses in our area are over 4x our combined income (flats are cheaper) - and before anyone says it, we can't move that easily as my OH has a very specialised job - but I'm certainly not jealous just because someone else has a house and I don't, and in the meantime, we're working towards a very nice deposit for the time when we do find a house that we like, and can afford.0 -
Paying out for our cars is our pet hate and biggest waste of money but we have little choice (notice I don't say no choice as we do but it's so inconvient). Both of us work, OH shift worker and no public transport after 6pm here. He works 12 hour shifts in a physically demanding job and has tried the cycling but is just too tired and there are too many hills!! I only work PT as I don't wish my child to be home alone. Without a car I couldn't work at all as I couldn't get to and from work in a timely manner on public transport.lieutenant_dan wrote: »I can't stomach paying out on a depreciating asset such as a car, and maintaining it, aswell as paying out high rent, when I don't even need one in truth in my current circumstances (and I can't even park for free on my own road anyway :rolleyes: )
On his rest days we often have 1 car sitting unused on the drive way for days on end mocking us!!:p We tried for 1 month earlier this year just having one car and it was horrendeous. OH had to cycle to and from work, except when he was on nights or called in as an emergency. I commandeered the car when I was working as our DD was priority. I didn't like not having the car in the driveway when he worked nights as I thought it made the house look empty to burgulars!! ~Laugh and the world laughs with you, weep and you weep alone.~:)
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I know a lot of people do receive help from their parents and I think statistically parents are letting their children in their 30's live with them to save up a deposit or giving them large sums of money to buy their first place but not everyone gets on with their parents so that doesn't apply to everyone.
I really feel sympathy for FTB at moment and I know property ownership is not a right but I don't see why people should be overstretching themselves just to buy a studio flat just so they can have some privacy from their parents.
I know people can rent but if people have children this may not feel very secure and they might like to redecorate or have pets which their landlord may not allow.HOUSE MOVE FUND £16,000/ £19,000
DECLUTTERING 2015 439 ITEMS
“Don’t let your happiness depend on something you may lose.”0 -
ours are open 3 late nights a week and all day Saturday and Sunday. I post from my PC paid for with mine and OH salaries. It's how we choose to spend our money. I can afford it so why not? Am I whinging I can't afford something? I would like a brand new car, everyone has a brand new car, why can't I have a brand new car - Oh because I bought a new PC last year as my 6 year old one hard drive failed:rolleyes:
Good for you.Are you the exception or the norm though?
I don't know. But you seem to be tarnishing us with the same brush.I don't think I'm shallow or a moron (though you've proved a point about being rude!). I think I'm normal in wanting things. You obviously want more which is why you are angry. Peer pressure has always and will always exist. Whether you give in to it is your decision.
I didn't say you were. That comment was about the people succumbing to peer pressure.I'm not criticising people for spending on luxuries, merely pointing out that it's how they choose to spend their money. I said I'm horrified by the things my DD has bought when I list it. She chose to spend her money on them and I make it clear it's her choice to her and that she can't have X if she buys Y.
A 12 year old can't make sensible choices about money. How can it be her money anyway?
I would guess that a 12 year old who was considering spending £100 on a phone will grow up to be the perfect target for peer pressure.When she comes to buying a house it will be hard as Uni fees will have trippled, but on the plus side she stands to inherit a very nice house from us which will pay off any debts she has. I was luckier than many friends (in some respects) in that my parents moved from a council house to their own home before they died. We sold their house for £40k and each inherited £10k which 3 of used to move up the property ladder/pay off some mortgage. More children stand to inherit houses now than ever before giving them security in later life.
How is inheritance any use to your daughter if she wants to think about buying after uni? Are you planning on popping your clogs in the next decade?0 -
can she use it though:DNot true - my mum, who is nearly 60, has a fancier phone than I do!
I meant TVs:rotfl:Lavendyr wrote:Why on earth would anyone need more than one phone? The mind boggles.
OMG worse than turning into your mother you are turning into me:rotfl: :rotfl: In 20 years time you will be saying "well we decided to spend our cash on buying a house which is why we own our own home":eek:Lavendyr wrote:OH and I are twenty-somethings and feel absolutely no peer pressure to have anything.......... we don't have designer clothes, or LCD TVs, or contract mobiles, and we are saving up for a deposit on a house and for our future. No, we're not happy that houses in our area are over 4x our combined income (flats are cheaper) - and before anyone says it, we can't move that easily as my OH has a very specialised job - but I'm certainly not jealous just because someone else has a house and I don't, and in the meantime, we're working towards a very nice deposit for the time when we do find a house that we like, and can afford. ~Laugh and the world laughs with you, weep and you weep alone.~:)
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This isn't directed at poppy, but is a general comment - I just strongly dislike all the stereotyping that seems to go on these days on this board about young people complaining because they can't afford to buy. We're not all frittering our cash away, we're not living beyond our means, we don't have designer clothes, or LCD TVs, or contract mobiles, and we are saving up for a deposit on a house and for our future.
Sounds pretty similar to us!No, we're not happy that houses in our area are over 4x our combined income (flats are cheaper) - and before anyone says it, we can't move that easily as my OH has a very specialised job - but I'm certainly not jealous just because someone else has a house and I don't, and in the meantime, we're working towards a very nice deposit for the time when we do find a house that we like, and can afford.
Keep it up. You can laugh at all the smug b*stards when 50% is wiped off their imaginary wealth.
:beer:0
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