Rent/mortgage

leftieM

OP - reading your post it sounds like you've already decided to rent.
House prices are unlikely to rise by more than a few percent and may fall (I think they will fall personally based on what I'm reading and seeing). You have time on your side if you want to buy at a later date. You can rent for a year, get to know your partner better, then if your relationship has been strengthened by the experience you can buy together. There's no rush.

talksalot81

belfastgirl23 wrote: »

It's simply another viewpoint. The OP has to make their own mind up about it but it was advice I got, considered, and acted on. And it was the right thing for me. Buying the wrong house could also potentially ruin your life surely

What I am saying is that stretching to buy ANY house when we are facing a potential global recession accompanied by a potential house price crash resulting from affordability levels being at a massive all time low is a really bad thing to do. Unless you bought in approx 1992, the situation will have been enormously different for you. Effectively you bought a house when sea levels were low and the climate stable, at the moment, sea levels are high, temperatures and sea levels are rising... so your recommendation of buying sea front property seems a bit flawed.

Kataratarina

Thanks everyone for the replies.... Im 21 soon to be 22 next fri *sob sob* and ive been with my bf from i was 14 (broke up with him the day after i was 21 last yr, and got back together in nov)

I think rent probably is the way forward because i wont be tied down and although we've been together 6 yrs before last year we need to see how it goes. I have faith thou

I am in a job were i have recently became permanent (kinda like the civil service) and not starting on the best money but chance of promotion and i pay dispute at the mo plus i do still work in my local DIY store at the weekends.

we both have loans for our 2 cars (i love mine and he loves his) so at the mo we maybe we dont have the best "financial staus" that we maybe should but I do think the time has come for me to leave my parents but i honestly dont think he is (spoilt 25 yr old)

Anyway ive waffled on long enough but thats a bita background for yas. Feel free to make comment which i know you will i.e. the 2 cars that there is probably no need for!!!!

RENT RULES!!!
although it may be dead money it ill get us into the way of things untill we get ourselves sorted!!


PLUS I NEED TO SAVE, I CANT SAVE please shout at me!!!!!!

Thanks again

x

talksalot81

Kataratarina wrote: »

RENT RULES!!!
although it may be dead money it ill get us into the way of things untill we get ourselves sorted!!

A common misconception. If you mortgage IO then you are paying rent to the bank. If your property fails to appreciate by a certain amount, your mortgage payments will be more 'dead' than rent would have been. At the moment, there are a lot of situations where, after a set time, you would have more equity having rented than having purchased.

jamesey07

why do use need 2 cars Katrina? only joking i would be lost without ma car, how much roughly would use be paying in rent a month? if you look about a bit you can find some reasonable places for not to dear a month, me personally i wouldn't advise to buy a house before use have lived together, why can you not save? well am 1 to talk as i don't save a penny anymore, use to all the time a few years ago but couldn't be bothered anymore hehe