For those aged 26-36 (Your housing situation)

a_silver_lining

I think your question as to whether to move further away to afford more is an interesting one...

I clicked that I was comfortable and able to upsize, but that is only through moving further away.

I bought a one bed flat, aged 27, almost 5 years ago. It was 156K, my deposit was 45K, plus a 10K loan from family. My income was 21k, so no idea how I managed to blag the 102k I borrowed!

I had to move out of town, as did my friends, who moved very far away to afford a house.

I've paid 10k off the mortgage now through regular repayments, the 10K back I owed and although there is Brexit uncertainty, my neighbours bought their version of my flat for 195K two years ago, so I know I will walk away with a large deposit.

When my partner and I did the maths on affording what we wanted in the SE, we couldn't afford it on the 25-30k saleries we would be on, despite our joint deposit.

So we are doing the extreme and moving to Southern Ireland, where my partner is from. For us that gives her family, which I do not have here in the UK, and me the property. Job prospects are not as good, and we would be away from a city and the aminities I am used to, but we realied that we would never 'have it all'.

Ashbash1991

Im 27 wife is 26 we bought our 3 bed semi a couple of months ago with a 10% deposit.

Need to pay for a re wire then do the decorating but then we will overpay as much as we can and within reason......we need a holiday

lisyloo

homeless9 wrote: »

This is what infuriates me, this culture....

You are accused of 'not prioritising the kids' and being a bad father if you don't let your stay at home ex-partner have the house and the kids. It's ridiculous. It's all a fraud.

You haven’t READ at all.
You do not let your ex HAVE the equity in the home.

You let your kids grow up in it until they are a certain age.
Your ex stays there if she is main carer.
If YOU are the main carer you (male) can stay whilst she leaves but the traditional picture is women looking after the kids.

If you aren’t prepared to leave as an adult male and let your young kids stay in the house temporarily then don’t become a father, you are way too selfish.

It’s not fraud it’s prioritising the kids over an adult who can easily move elsewhere.

It has nothing to do with equity. The man can retain 50% or 100% of the equity whilst letter the kids live there.

Why aren’t you spending your time working out a plan to move to somewhere affordable rather than arguing about theoretical risks?

gycraig_2

Sirrah67 wrote: »

🙄 Do me a favour, never have children, you are clearly too selfish.

Yer proper selfish to not want to live in a crappy shared house while ex partner chills in the nice big house that he will probably have to pay for.

Glad I'm selfish as this is one of the main reasons I'm not breeding

lisyloo

gycraig wrote: »

Yer proper selfish to not want to live in a crappy shared house while ex partner chills in the nice big house that he will probably have to pay for.

Glad I'm selfish as this is one of the main reasons I'm not breeding

Im going to thank your post for not breeding.

joanars

Myself and my husband are both 28, just bought our first 3 bed house and we absolutely love it. It's big and would comfortably fit 2-3 children if we ever have any. We bought the house with 5% deposit, no schemes, no help from mums and dads, no living with parents to help save for deposit, only hard work and dedication.

SG27

My wife and I saved for around 8 years to buy our first house in 2013. A 2 bed house. I was 29. Last year we sold and moved to a 3 bed semi which needed totally renovating.

CheBee

I'm 31, still saving and hope to get a flat in St Albans but it's hella expensive up there!

SarahB89

I'm 29, currently renting with my fianc! but about to start the process of buying - we have a £26k deposit (half savings with a Life ISA, half grandparent inheritance via the Bank of Mum & Dad). Without the family contribution we'd be 12-18 months away from being in this position.

Cakeguts

Sirrah67 wrote: »

🙄 Do me a favour, never have children, you are clearly too selfish.

You actually have this the wrong way round. The people who have children are the selfish ones. It starts with "I want a baby." It nearly always never includes what sort of life that baby is going to be able to have in a world where there are already too many people. Children do not ask to be born.