want to get out of parents

tiger135

thank you and would spare room be the best place to look for one? 

Sarah1Mitty2

tiger135 said:

hi all, i am currently nearly forty and have ended up back at my parents, which is killing me mentally!
i have a good amount in the bank but im not sure whether to buy now or wait as prices could come down.
do i have any other options when the rental market is crazy prices?
thanks , tiger

Spoke to someone recently who went back to parents in their 30`s, now saving nearly 1k extra a month and SO glad they didn`t get sucked into a mortgage last year, rates are going to continue to go up it looks like from the latest data so get your savings into the highest paying account you can and wait for interest rates to do the heavy lifting of bringing down prices.

MFWannabe

Sarah1Mitty2 said:

tiger135 said:

hi all, i am currently nearly forty and have ended up back at my parents, which is killing me mentally!
i have a good amount in the bank but im not sure whether to buy now or wait as prices could come down.
do i have any other options when the rental market is crazy prices?
thanks , tiger

Spoke to someone recently who went back to parents in their 30`s, now saving nearly 1k extra a month and SO glad they didn`t get sucked into a mortgage last year, rates are going to continue to go up it looks like from the latest data so get your savings into the highest paying account you can and wait for interest rates to do the heavy lifting of bringing down prices.

Then come back on here in 2 years time and say the same things again and house prices haven’t dropped by the amounts some people on here have been predicting for years 🤷‍♀️

Sarah1Mitty2

MFWannabe said:

Sarah1Mitty2 said:

tiger135 said:

hi all, i am currently nearly forty and have ended up back at my parents, which is killing me mentally!
i have a good amount in the bank but im not sure whether to buy now or wait as prices could come down.
do i have any other options when the rental market is crazy prices?
thanks , tiger

Spoke to someone recently who went back to parents in their 30`s, now saving nearly 1k extra a month and SO glad they didn`t get sucked into a mortgage last year, rates are going to continue to go up it looks like from the latest data so get your savings into the highest paying account you can and wait for interest rates to do the heavy lifting of bringing down prices.

Then come back on here in 2 years time and say the same things again and house prices haven’t dropped by the amounts some people on here have been predicting for years 🤷‍♀️

The person I spoke to is just happy to be banking an extra 1k in savings a month instead of paying an extra bundle to a bank for an already overpriced flat somewhere, the feeling of seeing your savings pile up is Gold they told me, I would imagine the feeling of coming off a fix having bought in the last few years (as they almost did) would be a feeling not very much like Gold?

tiger135

i know i could be getting 600 a month in interest if i dont buy and fix in a savings acc. 
should i offset that against what im seeing as high rent prices ?

MFWannabe

Sarah1Mitty2 said:

MFWannabe said:

Sarah1Mitty2 said:

tiger135 said:

hi all, i am currently nearly forty and have ended up back at my parents, which is killing me mentally!
i have a good amount in the bank but im not sure whether to buy now or wait as prices could come down.
do i have any other options when the rental market is crazy prices?
thanks , tiger

Spoke to someone recently who went back to parents in their 30`s, now saving nearly 1k extra a month and SO glad they didn`t get sucked into a mortgage last year, rates are going to continue to go up it looks like from the latest data so get your savings into the highest paying account you can and wait for interest rates to do the heavy lifting of bringing down prices.

Then come back on here in 2 years time and say the same things again and house prices haven’t dropped by the amounts some people on here have been predicting for years 🤷‍♀️

The person I spoke to is just happy to be banking an extra 1k in savings a month instead of paying an extra bundle to a bank for an already overpriced flat somewhere, the feeling of seeing your savings pile up is Gold they told me, I would imagine the feeling of coming off a fix having bought in the last few years (as they almost did) would be a feeling not very much like Gold?

Seriously, if someone can earn that amount of interest per month they’d have enough money to buy somewhere outright 😂

silvercar

Sarah1Mitty2 said:

tiger135 said:

hi all, i am currently nearly forty and have ended up back at my parents, which is killing me mentally!
i have a good amount in the bank but im not sure whether to buy now or wait as prices could come down.
do i have any other options when the rental market is crazy prices?
thanks , tiger

Spoke to someone recently who went back to parents in their 30`s, now saving nearly 1k extra a month and SO glad they didn`t get sucked into a mortgage last year, rates are going to continue to go up it looks like from the latest data so get your savings into the highest paying account you can and wait for interest rates to do the heavy lifting of bringing down prices.

You only have one life, you need to get on with it. The idea of moving back to your parents when you are really too old to do so, just to save money, sounds odd to me. Fine if all you want to do is stare at your bank balance every evening.

diystarter7

Hi
Why did you move back in and why are you not moving back out now you know how you feel?

Thanks

tiger135

Ive just got stuck ... not finding the properties id like to buy none are coming on the market. i moved back after lodging at a friends which had a bit more independence. he moved on elsewhere so i had to leave.

diystarter7

you sound so desperate to leave is the reason I said that and still not sure why you wont move now
if i felt like you, i'd be out a-sap, ino ifs, no buts.