1st positive thread on here on how you CAN get your 1st home

jimi_man

The-Joker wrote: »

A positive note is the 30% discount promise that got Boris the win

Yes, I don’t think that was what got him the win!!!!!!

Thedaddy11

Lol ok boomer

Cakeguts

Nothing has changed. To get my first house I lived in a grotty bedsit in an expensive area and then moved jobs to a much cheaper area where I could afford to buy. I didn't go out for meals or go on holidays. In the cheaper area I had two jobs. When I bought the house the interest rates were around 12%. My furniture came from auctions. I couldn't afford to eat out or have takeaways or go on holiday. Money was tight. That was all in 1984. Today that same house can still be afforded by a single person doing the job I was doing on today's salary for that job.



What people don't realise is that in order to buy a house you always have to give something up. Those people who want to go on holiday twice a year, buy ready meals, takeaways, cars on finance, expensive phone contracts, expensive flat screen tvs, takeout coffees at work and buying lunch at work and all the other rubbish that they see advertised are not ever going to be able to afford a house and the simple reason for that is that they put buying "things" and "experiences" higher than having somewhere to live.



The people who do the most moaning about higher house prices nearly all live in the South East. Many of them have moved from other areas to take what looks on paper like a higher paying job but if they had done 10 minutes research they would have found that although the pay is higher the costs of living are much higher and the higher pay is not enough to cover the difference.



This is the kind of property that someone who is serious about buying could buy.



https://www.rightmove.co.uk/property-for-sale/property-71063518.html It won't be in the best area but my first house was not in the best area either and it what you have to do if you are serious about buying somewhere. It is 1/2 mile away from a station with direct trains to commute to Manchester. At the bottom of the advert it suggests a 6K deposit for a mortgage for this house. I am expecting someone to mention that the rents in the area will stop someone from saving up for this house so here is something to rent still with commuter links to Manchester. https://www.rightmove.co.uk/property-to-rent/property-76231246.html. I reckon anyone with take home pay of around £12k a year could afford both of these properties if they only spent money on things they needed and not luxury items.



Not only that but the diet that people with diabetes need to follow is the healthiest diet in the world. It is also the cheapest. One of the reasons why it is the cheapest is because it doesn't contain any manufactured food apart from yoghurt, cheese and drinks like tea and coffee. Anyone who is hoping to buy a house but buys ready meals,crisps, sandwiches, sweets, bottled drinks and cakes from a supermarket is not serious about buying a house. You have to be able to cook your own meals and you have to be prepared to make your own lunch for work and take a flask of coffee or tea with you.

RelievedSheff

We are relative new comers to the property market. We bought our first house in January 2007. It wasn't in a great area, it wasn't a big house, and it certainly wasn't where we had seen ourselves living but it was our house.

Not long after we moved in Northern Rock with whom we had our mortgage went under, house prices plummeted and the economy generally took a turn for the worse. But we stuck with it, paid our bills and plugged away at the mortgage and through it all the house was still ours and we were gradually owning more and more of it with every monthly payment.

Earlier this year we finally got around to finding a new home. This time in a location we want to live in and in a house we can see ourselves living in long term.

House buying isn't supposed to be easy.

triathlon

Just one of you do it, just tell us how much you earn, money saved and where you live, I am willing to bet that we can work a better plan than some of the doom merchants who say buying a home is impossible.

None of them will surrender that information because in all cases we will prove buying a home IS possible, maybe not the self entitled home they might think they deserve, but a none the less

P.S And yet more discounts coming the way of FTB's according to the Queens speech

bertiewhite

Herzlos wrote: »

So basically live like a pauper for 5+ years and hope the house price doesn't grow faster than you can save?
.

Like my parents had to 50 years ago by living with my grandparents?

DiamondLil

People will never agree on who is the most hard done by; each generation thinks the older generation(s) had it easier.
I am what is known as a 'boomer' and, whether or not I had things easier than subsequent generations, the glaring difference between then and now is credit.
It was nigh on impossible for ordinary folk of my generation to obtain credit of any kind other than a mortgage if they were earning enough, or HP, or the Provident cheque.
But there were no credit cards, no payday loans, none of the various current forms of borrowing at all.
If we wanted a loan, it was applied for with your bank branch, an interview with the manager, and often turned down (as indeed we were).
Credit for most of us was out of reach; whereas today, it is the norm.

MovingForwards

I'm a FTB, in my 40's and have saved every penny I have available (less rent, bills, food) for three years, whilst also clearing old debts, getting divorced, replacing my car, repairs, moving rentals and the associated costs / deposit, plus furnishing the new flat (only new item was bed / mattress, everything else was second hand).

I rarely buy new clothes etc, go out once or twice a year, my only treat has been chippy night.

However, three years since I started saving I'm now in a position to view properties, albeit 20 - 30 miles away from where I work as that's what my budget dictates, but one day I will have my own home.

I earn under £21k a year, with no overtime available.

I have no inheritance, no assistance from family, I'm not using H2B as the new builds are over priced / out my budget.

It can be done, but comprises come into play, that's my choice as I want to have my own home, I want to retire and not worry about paying rent or being evicted due to the landlord wanting to sell or other excuse.

Oh and the reason for my age and not already being a home owner is my ex had a house.

snowqueen555

Cakeguts wrote: »

Nothing has changed. To get my first house I lived in a grotty bedsit in an expensive area and then moved jobs to a much cheaper area where I could afford to buy. I didn't go out for meals or go on holidays. In the cheaper area I had two jobs. When I bought the house the interest rates were around 12%. My furniture came from auctions. I couldn't afford to eat out or have takeaways or go on holiday. Money was tight. That was all in 1984. Today that same house can still be afforded by a single person doing the job I was doing on today's salary for that job.

What people don't realise is that in order to buy a house you always have to give something up. Those people who want to go on holiday twice a year, buy ready meals, takeaways, cars on finance, expensive phone contracts, expensive flat screen tvs, takeout coffees at work and buying lunch at work and all the other rubbish that they see advertised are not ever going to be able to afford a house and the simple reason for that is that they put buying "things" and "experiences" higher than having somewhere to live.

The people who do the most moaning about higher house prices nearly all live in the South East.

A lot of people make sacrifices, I don't think it is fair to assume the current younger generation choose to go on holidays and buy the latest tech gifts over other priorities.

The whole of the south is has high prices, not just London.

Norman_Castle

The-Joker wrote: »

A positive note is the 30% discount promise that got Boris the win

I'd suspect many voted against Corbin rather than for Boris.
Without a workable explanation of how a widely available 30% discount would be funded only a fool would expect it to happen.