want to get out of parents

Sarah1Mitty2

tiger135 said:

Yeah glad I haven't been pressured into buying as I feel prices won't go up for for foreseeable future. 
I guess I have to decide my own mind;
Can I live with other people, do I want to? That looks the easiest alternative to parents and cheapest but means sharing / being in someone else's house 
Or do I really want my own entire space at any cost - on the basis I will buy in 1-2 years ?

 If you don`t like it you can always move? Very easy to do if you are renting and flush with cash, maybe throw some money into a money market account or something, what a nice position to be in!

Sunsaru

tiger135 said:

Yeah glad I haven't been pressured into buying as I feel prices won't go up for for foreseeable future. 
I guess I have to decide my own mind;
Can I live with other people, do I want to? That looks the easiest alternative to parents and cheapest but means sharing / being in someone else's house 
Or do I really want my own entire space at any cost - on the basis I will buy in 1-2 years ?

Tbh, by the sounds of your situation anything would be better than being at home.

RyanHello

Nothing wrong with living at your parents till you find your own place. 

Different world now. Much more difficult for a single person to have a place of their own. 

Hopefully with the increasing interest rates. It will bring property prices now. They are far too high thanks to super low rates for too long.

Retireby40

I have always been someone who preferred house sharing than with parents.

I always ask you people who want to buy, or have their own place, but say they can't afford it.....do you have a breakdown of every cost you have.

Most say no.

I ask them do they spend more than £15 a month on their phone. They say yes.

I ask them how often they go out. They say not much....yet spend £200 on social events a month.

Overall little by little their costs accumulate and they say. I can't afford it.

The bottom line is. They can.....however they aren't ready to sacrifice things for it.

Not everyone is in this boat. But a lot of people are.

[Deleted User]

Brie said:

housing association partial purchase deal?  You know where you buy 50% of the value and pay rent for the other 50%.  You mom might be happier with that.  

Room share but week days only near work?  Home to parents on weekends?

Sorry if these have been mentioned before - I haven't read the whole thread.  

Shared ownership is almost always a scam. Best avoided.

elsien

Perhaps you could clarify in what way you consider it as a scam? 

Simonon77

Retireby40 said:

I have always been someone who preferred house sharing than with parents.

I always ask you people who want to buy, or have their own place, but say they can't afford it.....do you have a breakdown of every cost you have.

Most say no.

I ask them do they spend more than £15 a month on their phone. They say yes.

I ask them how often they go out. They say not much....yet spend £200 on social events a month.

Overall little by little their costs accumulate and they say. I can't afford it.

The bottom line is. They can.....however they aren't ready to sacrifice things for it.

Not everyone is in this boat. But a lot of people are.

Not to mention how many are spending a fortune leasing a car or paying a loan on it because they have to have a 3 year old BMW to keep up with their mates... Spending £100 on a Saturday night out isn't uncommon, and add in the designer wardrobe etc...

tiger135

it looks so much easier to rent a room than a whole place to yourself, a lot more available in a smaller area  , plus many available right now.

[Deleted User]

elsien said:

Perhaps you could clarify in what way you consider it as a scam? 

There's lots of reasons, but consider this.

They are selling three bedroom rabbit hutches around here for £550k. They aren't worth that much, even here. They are priced that way because it forces you to use shared ownership, which makes them even more money than just selling it to you.

Fleecehold as well, so you get service charges on top.

MattMattMattUK

Simonon77 said:

Retireby40 said:

I have always been someone who preferred house sharing than with parents.

I always ask you people who want to buy, or have their own place, but say they can't afford it.....do you have a breakdown of every cost you have.

Most say no.

I ask them do they spend more than £15 a month on their phone. They say yes.

I ask them how often they go out. They say not much....yet spend £200 on social events a month.

Overall little by little their costs accumulate and they say. I can't afford it.

The bottom line is. They can.....however they aren't ready to sacrifice things for it.

Not everyone is in this boat. But a lot of people are.

Not to mention how many are spending a fortune leasing a car or paying a loan on it because they have to have a 3 year old BMW to keep up with their mates... Spending £100 on a Saturday night out isn't uncommon, and add in the designer wardrobe etc...

Conspicuous consumption/keeping up with the Jones's has always been a car crash of a decision. One does not need a flash car or designer clothes, indeed bucking those trends actually tends to work out better, I probably only own a couple of items of what would be regarded as designer clothing and they are very subtle, but buying good fitting clothes is far more important. With cars it always seems that something practical and reliable is far more important. That being said it is not difficult to spend £100 on a night out without doing anything crazy, even drinking beer at £6.50 a pint in a fairly normal pub in the South East £100 is possible, throw in a taxi or two, something to eat etc. £100 is pretty easy, once live music and trains are thrown in £100+ is guaranteed.