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I am depressed

Harrybrown100121 · 2022-03-19 20:28:29

I live near London and want to buy a property. I am 33 and single. I was looking to buy where I live but realised I can't buy where I live but looking further afield, it is a bit cheaper but the cost of commuting into London is around £500 a month which with a mortgage will be hard to manage.

Comments

Sistergold Posts: 2,146 Forumite

22 March 2022 at 4:47PM

F37A said:

Harrybrown100121 said:

I live near London and want to buy a property. I am 33 and single. I was looking to buy where I live but realised I can't buy where I live but looking further afield, it is a bit cheaper but the cost of commuting into London is around £500 a month which with a mortgage will be hard to manage.

This is the corrupt system in place. Sell all london properties to overseas billionaires / investors so governmet can gain but those that need to live near work can't therefore incurring health risk.

Yes this is the problem with London. Inflated house/rent prices which can not be afforded by the working class. After sometime it is going to be difficult to recruit in certain industries. I love London and as suggested above I had to buy in zone 5 to meet my needs, even then it was still a difficult process.

Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
Mortgage start date first week of July 2019,
Mortgage term 23yrs(end of June 2042🙇🏽♀️),
Target is to pay it off in 10years(by 2030🥳).
MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
£12K in 2021 #54 (in 2020 #148)
MFiT-T6#27
To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
Am a single mom of 4.
Do not wait to buy a property, Buy a property and wait. 🤓
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