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

RealElement47

triathlon wrote: »

This message board has been here a while now and many of the messages on here are so negative, which I find troubling in a country with so many opportunties. In all this time and all the messages and opinions there has not been one thread on how you CAN get on the property ladder.
I know there is a cynical bunch out there who just want to keep believing that life is unfair for them and that it is impossible to buy their own home, just stay away from this thread please. I am in a rush now, but here is a start for those young people, and I speak with a lot of experience.

1. Cut out the holidays and short breaks for a few years.
2. Do all your own cooking(and eat like a king for a 10th of the price sometimes)
3. Make that mod con last several years +, and that's from being 2nd hand
4. Look into what assistance is there to help you from the government(never been better than now)
5. Get that second job while you are young and have the energy, rest later in life.
6. Don't focus on other people luck, yes life isn't fair sometimes.
7. Get lodger for a while, 1st home or help with renting
8. Yes you need to have some fun in life, but be creative with it( I just a seal dive for £20) in Northumberland, and took my own food, flask malt etc.
9. Throw everything into you home first few years.

This is just a start, so much you can do to make it happen and you will be glad you did, don't pray for a day when it is going to get easier, make a start today..

The fact that all this is needed at the moment show property is in the overvalued part of the cycle


When it's in the undervalued part of the cycle non of these are needed

BucksLady

ruperts wrote: »

I believe the appropriate expression here is "ok boomer".



I am a homeowner before anyone feels the need to rant at me about avacados, and yes while it took a lot of hard work and sacrifice over several years, it's not something the average person should be unable to achieve.
.

True, but equally 'every' generation faces their own particular problems. I'm in my thirties and was able to buy a property in my twenties - because I earnt enough to be able to do so. My parents born in the 1950's struggled because of a modest income and interest rates of 15%. It wasn't easy ........

lisyloo

RealElement47 wrote: »

The fact that all this is needed at the moment show property is in the overvalued part of the cycle


When it's in the undervalued part of the cycle non of these are needed

Maybe but do you and your partner have the ability to wait for the market to correct? (General question).

People who want a family need to be starting before the female is 35 when fertility goes downhill otherwise expensive IVF and maybe Down’s syndrome or other complications can occur.

It doesn’t give people very long to wait for the market.
My advice would be don’t wait for the market.
It’s quite hard to get it wrong when you can factor in the fact that your not having to pay rent I.e. you can accommodate imperfect market a timing and still he ahead.
It’s also almost impossible to time the market. Many who sat out are now very unhappy as can be seen on this and other forums. Those of us who bought homes are mainly happy (although there are responsibilities and expenses that come with it of course).

It’s better to just get on with it.

[Deleted User]

Sure OP.
We get that.  We read MSE.  You aren't telling us anything we dont already know.  We are already saving what we can and working hard and going for promotions.

Do you really think you've said anything that isn't already a core message of this website?!!  Perhaps Martin could give you a job lol

A couple of points:

Why are you so against questioning if it should be like this?  Why should we have to live such meagre lives just to afford shelter.  It sounds like a broken society to me.  There is vast wealth in the UK.  Why shouldn't we get a share of that? There must be a better way.

Secondly, it is not cynical to discuss how frustrating it is to see affordability slip out of reach each year. A few years ago we talked about saving for a decade to buy a 2 bed property. Our dream shifted to a 1 bed property and if some of the threads I've read today are to be believed, we'll be adjusting our sights to a studio or facing the reality that we have to move away from the area I grew up in.

It's not something to be happy about really is it.

triathlon

amywoodmead said:

Sure OP.
We get that.  We read MSE.  You aren't telling us anything we dont already know.  We are already saving what we can and working hard and going for promotions.

Do you really think you've said anything that isn't already a core message of this website?!!  Perhaps Martin could give you a job lol

A couple of points:

Why are you so against questioning if it should be like this?  Why should we have to live such meagre lives just to afford shelter.  It sounds like a broken society to me.  There is vast wealth in the UK.  Why shouldn't we get a share of that? There must be a better way.

Secondly, it is not cynical to discuss how frustrating it is to see affordability slip out of reach each year. A few years ago we talked about saving for a decade to buy a 2 bed property. Our dream shifted to a 1 bed property and if some of the threads I've read today are to be believed, we'll be adjusting our sights to a studio or facing the reality that we have to move away from the area I grew up in.

It's not something to be happy about really is it.

Yes it all has to be said or even repeated, the real evil out there is people, even on here, that will suggest waiting for "an event" that will make life easy for those not already on the property ladder and for people like me to have 20 year plus of hard work just stolen from me, will never happen I might add.
You can get on the property ladder, anyone can, but you are going to have to do what it takes and 9 times out of 10 that usually means sacrifice.

jimmyjammy001

triathlon said:

amywoodmead said:

Sure OP.
We get that.  We read MSE.  You aren't telling us anything we dont already know.  We are already saving what we can and working hard and going for promotions.

Do you really think you've said anything that isn't already a core message of this website?!!  Perhaps Martin could give you a job lol

A couple of points:

Why are you so against questioning if it should be like this?  Why should we have to live such meagre lives just to afford shelter.  It sounds like a broken society to me.  There is vast wealth in the UK.  Why shouldn't we get a share of that? There must be a better way.

Secondly, it is not cynical to discuss how frustrating it is to see affordability slip out of reach each year. A few years ago we talked about saving for a decade to buy a 2 bed property. Our dream shifted to a 1 bed property and if some of the threads I've read today are to be believed, we'll be adjusting our sights to a studio or facing the reality that we have to move away from the area I grew up in.

It's not something to be happy about really is it.

Yes it all has to be said or even repeated, the real evil out there is people, even on here, that will suggest waiting for "an event" that will make life easy for those not already on the property ladder and for people like me to have 20 year plus of hard work just stolen from me, will never happen I might add.
You can get on the property ladder, anyone can, but you are going to have to do what it takes and 9 times out of 10 that usually means sacrifice.

20 years of hard work, lol, you can hardly call buying a property 20 years ago to buying one today, sitting around whilst it doubles/triples in price due to low interest rates and a housing shortage pushing up prices up even more, you must be a troll on here for sure. In my area 2 bed starter homes have gone up 50% since 2015, can hardly call that hard work of the owners and having it stolen from them, even if the price did fall 50% over night they would still be quids in from what they paid for it in the first place. 

fatbeetle

jimmyjammy001 said: 

20 years of hard work, lol, you can hardly call buying a property 20 years ago to buying one today, sitting around whilst it doubles/triples in price due to low interest rates and a housing shortage pushing up prices up even more, you must be a troll on here for sure. In my area 2 bed starter homes have gone up 50% since 2015, can hardly call that hard work of the owners and having it stolen from them, even if the price did fall 50% over night they would still be quids in from what they paid for it in the first place. 

Most people would not have been "sitting around whilst it doubles/triples in price ", most would have been working to pay the mortgage on it.

Cakeguts

amywoodmead said:

Sure OP.
We get that.  We read MSE.  You aren't telling us anything we dont already know.  We are already saving what we can and working hard and going for promotions.

Do you really think you've said anything that isn't already a core message of this website?!!  Perhaps Martin could give you a job lol

A couple of points:

Why are you so against questioning if it should be like this?  Why should we have to live such meagre lives just to afford shelter.  It sounds like a broken society to me.  There is vast wealth in the UK.  Why shouldn't we get a share of that? There must be a better way.

Secondly, it is not cynical to discuss how frustrating it is to see affordability slip out of reach each year. A few years ago we talked about saving for a decade to buy a 2 bed property. Our dream shifted to a 1 bed property and if some of the threads I've read today are to be believed, we'll be adjusting our sights to a studio or facing the reality that we have to move away from the area I grew up in.

It's not something to be happy about really is it.

Unfortunately I have a logical mind.  When people write what you have written here what it reads like to me is that you want to live in an area that is too expensive for you.  We would all like to do that.  I live in London and I wouldn't mind living in a nice house in central London but I will never have enough money for that so I live in the suburbs.  You buy where you can afford not where you would like to afford.   There are a large number of young adults who seem to think that they have the right to live exactly where they want to.  It seems to be a sort of entitlement that didn't exist years ago when people were grateful to get a roof over their heads.

https://www.rightmove.co.uk/property-for-sale/property-77399809.html  Now look at this.  Bury is a town where you can commute to Manchester to work.  A couple working could rent this and save like mad to buy the house above https://www.rightmove.co.uk/property-to-rent/property-88593218.html  This is exactly what people used to do. They lived in rooms in order to save.  Then they bought in an area that they could afford to live in. They didn't  go to work in London because the salary there was £5,000 more than they could get in Manchester because they had worked out that by moving to London they would actually be worse off.  

If you can't buy a property it is because of the choices you are making about where you want to live and work. It isn't because property is overpriced because if it truly was overpriced no one would be able to buy and this is not the case. The number of first time buyers is rising. 

 I bought a property on my own in Greater Manchester where the equivelant salary for the same job now would buy the same house. The ratio has not changed. What has changed is that a great number of people cannot now get social housing and are renting privately instead and the expectations have changed. No one wants to start at the bottom anymore or move to a cheaper area.  

lisyloo

I kind of agree with you cakeguts about attitudes, but there disadvantages to society when people have to move away.
for example some families care for elderly parents. This may be taking round food on a daily basis or even helping someone into bed. If families cannot do this then the burden will fall on the local authority and therefor tax payers.
younger grandparents may offer free childcare enabling both parents to contribute to soceity.
if a family member has poor mental health nearby family may be able to provide support that would otherwise fall to crisis teams, ambulances and hard pressed A&E.
so whilst I agree about expectations I’m not sure “we’ll move away then” is a great idea either economically or for the well-being or split up families.
unpaid careers save the taxpayer a huge amount of money which they can’t do if they are several hours always. It’s not always about time but also the cost of travelling certainly if required daily.

Weve moved away to find work but it meant that daily visits have fallen to another sibling. In some cases there isn’t another sibling.

lisyloo

Top 10 regrets of the dying

#2 working too hard

money isn’t everything

https://www.theguardian.com/lifeandstyle/2012/feb/01/top-five-regrets-of-the-dying?CMP=share_btn_fb&fbclid=IwAR2gfCTWbl8BnO3rS_ZoizBw7IvCm_hsau09NROR5_ICg8qKaYbQ7kbZi2A