London property vs investments

Crashy_Time

bowlhead99 wrote: »

A modest home and easy commuter access to a job that pays £44k with your current skill set and experience with a 5-15k pay rise in the next year and a half.

Can you post up some examples?

Arthurian

bowlhead99 wrote: »

A modest home and easy commuter access to a job that pays £44k with your current skill set and experience with a 5-15k pay rise in the next year and a half

I wonder if perhaps some posters are talking about using the money as a deposit and others thinking of it as buying a property outright?

Crashy_Time

I`ll start then....

https://www.rightmove.co.uk/property-for-sale/property-64688829.html

Already had 55k knocked off the asking price, the mind boggles that they think it is worth 240k, let alone original asking!

John_Smith_2019

£250k is a lot to have in bonds.
There's a risk to bonds from currency devaluation / inflation.

John_Smith_2019

bostonerimus wrote: »

You should emphasise all the usual reasons to buy a first home ie security, having somewhere to live that you like, maybe start a family etc. Investment should be very low on the list. Also if you have the money earmarked for a property then keep it in the bank, don't risk losing money.

I would not keep £250k in a bank account.
It would be at risk from a bank failure / bail-in.