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want to get out of parents

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Comments

  • Martico
    Martico Posts: 1,193 Forumite
    1,000 Posts Third Anniversary Name Dropper
    Seriously - how long ago did you start this thread?
  • MultiFuelBurner
    MultiFuelBurner Posts: 2,928 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper
    Martico said:
    Seriously - how long ago did you start this thread?
    This is very similar to selling something on Facebook marketplace and the endless questions and scenarios finally ending in either a failed collection or a "sorry not what I am looking for"
  • MeteredOut
    MeteredOut Posts: 3,363 Forumite
    1,000 Posts Second Anniversary Name Dropper
    edited 7 August 2023 at 1:23PM
    tiger135 said:
    well still struggling, cant see anything i want to buy and prices have been reducing often, whereas rental prices are all time high.
    one bed flats near to work 1250 pcm, not even furnished. i only take home 1800 without overtime. 
    getting disheartened now, got 174k in bank but still stuck. 
    not sure how i will get out of this predicament. 
    The only real reason someone with £174k in cash has for not buying a property is because they're not ready to. Only you can change this.
  • tiger135
    tiger135 Posts: 438 Forumite
    100 Posts First Anniversary Name Dropper
    i have done a thorough search on rightmove for renting and buying.
    my options are now:
    -furnished rental £1150 per month
    -buy small freehold house £220-250k
    i have a deposit of 180k and my wage is £27k plus optional overtime.
    i am single and have no debts. 
    thanks for any thoughts.
  • MFWannabe
    MFWannabe Posts: 2,480 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 4 September 2023 at 1:33PM
    Been answered many many times before 
    my personal decision if it were me would be to buy 
    but as i said and have said before your choice and only you can decide 
    MFW 2025 #50: £1989.73/£6000

    12/08/25: Mortgage: £62,500.00
    12/06/25: Mortgage: £65,000.00
    07/03/25: Mortgage: £67,000.00
    18/01/25: Mortgage: £68,500.14
    27/12/24: Mortgage: £69,278.38 

    27/12/24: Debt: £0 🥳😁
    27/12/24: Savings: £12,000

    12/08/25: Savings: £12,000



  • BeerSavesMoney
    BeerSavesMoney Posts: 216 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    edited 4 September 2023 at 1:33PM
    What would you be waiting for?
  • El_Torro
    El_Torro Posts: 1,973 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 4 September 2023 at 1:33PM
    It looks like you have enough deposit and wages to be able to afford to buy a £250k property now. Depending on the length of the mortgage you would probably be paying less on the mortgage than on rent too. Why are you thinking of renting instead?
  • tiger135
    tiger135 Posts: 438 Forumite
    100 Posts First Anniversary Name Dropper
    edited 4 September 2023 at 1:33PM
    I guess just in case I find something better than whats available now. 
  • Emmia
    Emmia Posts: 6,214 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    edited 4 September 2023 at 1:33PM
    tiger135 said:
    I guess just in case I find something better than whats available now. 
    It's the endless "what if". At some point, if you buy you have to choose something...  The longer you leave it, the longer you rent and pay someone else's mortgage.
  • Bigphil1474
    Bigphil1474 Posts: 3,693 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 4 September 2023 at 1:33PM
    No brainer at any time. Get buying. If you change your mind after a couple of years, sell up and do something else. Rent will be more expensive and you are giving that money to someone else. Your house will go up in value at some point, your rent will help someone else's house go up in value. If you can afford it, based on your circumstances and lifestyle, then there's nothing to fear except fear itself.
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