£20,000 deposit but no mortgage!

csgohan4

BML wrote: »

You are right about being able to buy if one moves but job opportunities are not in the low cost areas. I am so fed up living in a permanent building area with three new estates being built in the village I live I would love to move to a less crowded county but my wife could not bear to lose contact with the children and grandchildren.
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I'm afraid wanting and actually able to buy are two different things and staying the an area which is not affordable is a life choice.


I also want to stay in London and buy a nice house and be with friends

But we made a choice and bought outside of London, bigger house and cheaper than London.

You can't have your cake and eat it. Either you get a better paid job or you move, I did the latter as the former is not as simple

You can't blame anyone else but yourself for your own life choices, get a better job, move somewhere else.

rrcollins92

Are you drunk? What have you been drinking?

Lungboy

BML wrote: »

Move to Banbury and have a 36 mile return journey. No thanks.
"I do agree about RTB and the housing market in this country being broken, but you seem to be barking up the wrong tree a bit."
What tree am I barking up wrongly?.

Banbury was an example to show that buying in Oxfordshire at that budget is entirely possible, something you asserted was impossible.

diggingdude

I have a similar deposit and salary to the person you know I have to move 120 miles further north and I want to to buy a nice house but it's a price worth paying

miss_undastood

Inflation isn’t your problem. It’s house price inflation.

I’m in my early 30s. My parents bought their house for £20,000 in the 1980s it’s now worth 300k. That’s just life. They’ve just bought a caravan for £30,000 - more than what they paid for their house 37 years ago.

I bought my first house at 23 and the one I’m in now at 28; it’s possible to buy a house it just might not be your forever home or in the best area. You have to make choices. To me it’s better to buy than rent, but renting can be far more flexible. Renting suits some people.

We are all different. But when I bought my house I went without fancy holidays, going out etc. I made that choice. Unfortunately these days you can’t have it all.

If you really want to get a bee in your bonnet then why not consider the unfairness of council tax - you get the same bin men, street cleaners, schooling etc. But you may pay more for that than Fred next door. All because it’s based on a random number a house was worth in 1991 -
When hundreds of thousands of houses have been built since then!! I think a charge per person is fairer. But apparently that caused riots. So it is what it is...

BML

The only people whom renting suites are speculators who exploit those who due to reasons outside their control are unable to buy.

Finchy2018

Err not quite. It suits several of my friends who don't know where their job will take them next and my sister who just hates commitment of any kind. She could buy a property but has chosen not to.

ViolaLass

BML wrote: »

The only people whom renting suites are speculators who exploit those who due to reasons outside their control are unable to buy.

We sold and started renting a year ago after moving to an area that we barely knew (so didn't want to buy in straight away). We're now contemplating a move to another country.

All made simpler by renting.

miss_undastood

Renting is great for some people.

If you don’t know an area or want or need flexibility. If you need temporary accommodation or your job means you move a lot.

You also have no building maintenance to do.

A lot of people on the continent rent. It only seems to be the UK where everyone wants to own.

I don’t agree with buying your own social housing/selling it off at huge discounts. You end up as we find ourselves now with little/no social housing available for those who need it as their parents/grandparents have removed it from the council stock.

It’s all about supply and demand - that drives everything. The cost of houses and the costs of renting. If I wanted to live in London I would have to rent as I couldn’t afford to buy - and I probably wouldn’t want to either - I’d only live there short term so renting is the cheaper, most flexible option

shortcrust

I’m sure he couldn’t afford to buy an average priced home in Oxfordshire but a look on Rightmove suggests there’s plenty of property out there that he could buy with a 35k salary and a decent deposit.