Houses are affordable for first time buyers

Getting_greyer

diggingdude wrote: »

Or it could be argued that they are living their lives whilst life is passing you by? Many people can be a long time old, some would suggest go do the things you want to do whilst you physically can.

Chester thought not saying that's the way

Any expenditure that surpasses the bare minimum for survival is superfluous.

Simby

diggingdude wrote: »

Or it could be argued that they are living their lives whilst life is passing you by? Many people can be a long time old, some would suggest go do the things you want to do whilst you physically can.

Chester thought not saying that's the way

Some might say that but saving hard for two years is not so much of a sacrifice. We did the deposit in two years and friends understood we still saw them but for example used the council tennis courts to play tennis together.

Lots of free things ( or very low cost) walks, inviting friends round to cook a barbecue together in summer, picnics ..

But I do agree that missing out on everything forever would be tough...

onwards&upwards

Simby wrote: »

No I was an FTB only 5 years ago... now I own my own house outright.

I am not angry, bought my first property by saving 80 percent of my income for several years.

But I am genuinely curious as to how anyone can go on holiday, go out to the cinema, buy clothes electronics , new cars etc.. and then complain they cannot save.

You really only need rent, basic Aldi food , elec gas, pay as you go phone basic Tesco or similar clothing commute costs...

The extras people have like sports clubs , eating out, concerts, take away, foreign holidays, days out to attractions , expensive car etc.. are just that extras it’s a choice live frugally save deposit, spend every penny fail to save and then moan houses are too expensive.

Maybe they have done the maths that they can’t save enough for a house so have decided to make the best of the situation and enjoy life anyway?

onwards&upwards

Simby wrote: »

Some might say that but saving hard for two years is not so much of a sacrifice. We did the deposit in two years and friends understood we still saw them but for example used the council tennis courts to play tennis together.

Lots of free things ( or very low cost) walks, inviting friends round to cook a barbecue together in summer, picnics ..

But I do agree that missing out on everything forever would be tough...

2 years! :rotfl:

It would take a lot more than that on a low income in the SE!

csgohan4

I think it's the generation I want it now and throw toys out of pram if one doesn't get it.


What happened to study hard, work hard and progress? Sadly some people are obsessed with the latest gadgets and spending what they don't have.


the spend now and pay later culture is very popular.

Simby

onwards&upwards wrote: »

2 years! :rotfl:

It would take a lot more than that on a low income in the SE!

Hence the buying 60kms from where I worked:)

Actually we saved about 65k that time on incomes after tax of about 45 k Per year for the household.. we rented a room ( not very nice or in a nice area) , most money went on the room and Comute costs , we lived on circa 1k per month all in

Just looked now rooms to rent in Uxbridge for circa 350 pcm inc all bills add on tube cost and food it is still doable for a couple to live on 1k and save the rest in London

Then bought somewhere with a two hours commute from work.. but we got there:)

lisyloo

onwards&upwards wrote: »

2 years! :rotfl:

It would take a lot more than that on a low income in the SE!

There are places commutable to London e.g. Luton that are affordable.
Not your dream home but make up your mind what you want and go for it.
If you decide to sell ice creams on the beach in Barbados instead that’s fine too.
Just don’t spend decades whinging (general comment not aimed at you in particular).

onwards&upwards

Simby wrote: »

Hence the buying 60kms from where I worked:)

Actually we saved about 65k that time on incomes after tax of about 45 k Per year for the household.. we rented a room ( not very nice or in a nice area) , most money went on the room and Comute costs , we lived on circa 1k per month all in

Just looked now rooms to rent in Uxbridge for circa 350 pcm inc all bills add on tube cost and food it is still doable for a couple to live on 1k and save the rest in London

Then bought somewhere with a two hours commute from work.. but we got there:)

A two hour commute? 2 years spent in a gritty room?

Honestly, if that’s what it takes is it even worth it? The impact on your quality of life?

I’m lucky, I live in the NW and I bought when it was easier, I don’t think i’d be willing to do what you have done for the sake of my health if nothing else. It shouldn’t be that gruelling just to be able to have a secure home!

Rich2808

As the OP says plenty of affordable housing - just generally not in areas where there are that many well paid job opportunities

Still its always useful to get insights on the challenges facing young people today from a smug middle aged boomer! Cue poor me but I had to pay 15% interest on my £20k mortgage when I bought my first house - yes for about a month in 1992!

Herzlos

csgohan4 wrote: »

What happened to study hard, work hard and progress? Sadly some people are obsessed with the latest gadgets and spending what they don't have.

We're 12 years after the last crash and still firmly I'm the "study hard, work hard, and there's no jobs for your degree, Wetherspoons is hiring though" stage, whilst inequality is growing.

That's nearly a generation who've been taught that it doesn't matter how hard you work, because if you dont have the connections you're not getting the good job.

In their position I think I'd be enjoying life instead of getting in the rat race too.


As someone on sandwiches for lunch (on a drive to get debt down due to living it up too much when I was young), theres something quite depressing about turning down regular invites out to lunch with the office, nights out, etc. I'm old enough and anti-social enough to be largely unbothered, but for people just starting out in life it must be hard especially if they want to try and move up the career ladder.