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Never mind the house prices, I'm saving a deposit.
Comments
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Running_Horse wrote: »Lets be honest, most of those hoping for a crash are being a little hypocritical. They don't want prices to fall indefinitely, just long enough for them to buy a house, then to rise, even if it means others are priced out again.
TBH i really could not give a damn what happens to them after i have bought (no seriously), all i care about is HAVING A PLACE TO LIVE. Yes, i am hoping for a crash but only because i do not want to live in a run-down studio flat on a 30 year, 20x salary mortage in a drug-riddled area fearing repossesion everyday. MASSIVE DEBT is not my idea of a good life............0 -
TBH i really could not give a damn what happens to them after i have bought (no seriously), all i care about is HAVING A PLACE TO LIVE. Yes, i am hoping for a crash but only because i do not want to live in a run-down studio flat on a 30 year, 20x salary mortage in a drug-riddled area fearing repossesion everyday. MASSIVE DEBT is not my idea of a good life............
Yep, I'd be personally happy (accepting it would not be good fo anyone not a ftb, but grateful for myself) for a crash. I'm not bothered about building a portfolio of BTL (though I can see why thats a great position to be in). I just want a home. I'd prefer not to be moving house every few years to climb the ladder....so house prices stabilising or rising makes little difference afterwards to me now. Of course there is the chance I'll feel different, but THIS potential FTB just really would like to afford a HOME not an investment.0 -
Running_Horse wrote: »Lets be honest, most of those hoping for a crash are being a little hypocritical. They don't want prices to fall indefinitely, just long enough for them to buy a house, then to rise, even if it means others are priced out again.
This is a bold statement to make on behalf of 'most' people. I think you may even find that the opposite is true. All that I want is a nice house to live and potentially start a family in which does not throw me into financially crippling debt. Besides, even if house prices rose once I bought a house, that is certainly not transferable wealth. Infact, it would make it more expensive to upgrade when that time came.0 -
I just want somewhere to live, that I can go home to and not feel like I am living in a box, that has a separate bedroom and living room and that is near enough to my friends and family that I don't feel alone and isolated and miserable, or it kind of defeats the point! If I won the lottery I'd still only want a two bed flat, not some great mansion, I am not trying to be snarky at other people or think 'haha you got priced out which gives more for me'- I just think that it should not be outside my grasp to be able to save and buy somewhere to live. If I was married would it make it 'ok'? I'm 27. I might never meet the 'right man'. My income won't increase dramatically, I'm a midwife and we certainly aren't paid handsomely and shared ownership is the biggest con around, where I am. So I'm saving for a deposit and hoping house prices fall so I can buy. I don't even really mind if they STAY low, as long as they don't drop hideously lower- but I'm not rubbing my hands together at the prospect of a great big profit!
Currently: living with parents and paying them rent, and saving. Houseshare rental not suitable for various reasons. £18000 in the bank at the mo!0 -
Actuall, I think you'll find that most of us just want to be able to afford a home to live in.Running_Horse wrote: »Lets be honest, most of those hoping for a crash are being a little hypocritical. They don't want prices to fall indefinitely, just long enough for them to buy a house, then to rise, even if it means others are priced out again.0 -
Everyone wants this and everyone wants that.
The question you have to ask yourself is do you deserve it?
No one wants to live in a small house located in a drug infested area but the fact is someone has to. However, everyone believes they naturally deserve better.
Whilst I agree that house prices are challenging for alot of people, why is everyone constantly bitter. The market will determine the price of houses and whilst prices have continued to rise for a long time it simply means that there are alot more people doing better than you whether foreigners or UK citizens.
Prices might fall in the next few years depending on the economy but there will always be more people than you think who can afford to pay whatever prices the market throws at them.
Just get on with your lives and stop feeling aggressive because you cant get what you want.
What amazes me in this country is the number of new reg cars on the street. Its just an example of how everyone wants everything and thus will carelessly spend. Likewise, with everyone moaning about house price rises why arent youngster at home living free with their parents rather than renting a place of their own? Again its because you want everything before you deserve it.
Whilst saving is a good thing to be doing, you have to also realise it may not be enough. I have relatives who are very prudent with their cash so much so that they had enough saved up to by a house outright 10 yrs ago. However they did not buy because they felt prices were too high (mainly because of their prudent nature). They therefore kept saving and as prices rose and rose their savings were essentially wiped out by the changing prices of the housing market. 10 yrs later they still do not own a house but with about £300K in savings they will only probably get 50% of the house they are aiming for instead of being able to buy it outright and more 10 yrs back. In life you have to sometimes take risk and it is this gamble that will make or break you.0 -
I think you must be reading a different thread to me! No one here is bitter, we are actively doing something towards being able to buy a house and speaking for myself, I certainly don't begrudge anyone else what they have. Don't be so judgemental.ukbondraider wrote: »Whilst I agree that house prices are challenging for alot of people, why is everyone constantly bitter.
Again - in this thread, you can see people getting on with their lives - working hard, renting what they can afford and saving like nobody's business in the meantime. And the most aggressive posts I've seen on this thread thus far have not come from those saving to buy a house.ukbondraider wrote: »Just get on with your lives and stop feeling aggressive because you cant get what you want.
Oh dear, here we go with the senseless generalisations again.ukbondraider wrote: »What amazes me in this country is the number of new reg cars on the street. Its just an example of how everyone wants everything and thus will carelessly spend. Likewise, with everyone moaning about house price rises why arent youngster at home living free with their parents rather than renting a place of their own? Again its because you want everything before you deserve it.
It's all very easy to say but much harder to prove that your statements are accurate. Let me enlighten you. My partner and I both commute to work by car, so for us, our cars are necessary purchases. We both own cars over 8 years old which we will run and run until it is no longer economically viable to do so, at which point we will buy practical, economical used cars, if we still need them. We don't buy expensive food, we don't go out, we don't fritter money away...and so on. So please don't make generalisations like this - we don't all "carelessly spend", we don't all have "brand-new reg cars" - and as clearly demonstrated by this thread, we are willing to save up to get what we want rather than running out and getting a 100% mortgage because 'house prices always go up'.
As for not "living at home with parents", we are not all in the happy situation where our parents can afford to support us, or where our parents live in a location where there are jobs in our chosen careers. Again, you're making generalisations which are simply not suitable for all, or even the majority, of people.
Finally, who are you to state whether or not someone 'deserves' something? At what point does a person become "deserving" of a house, in your view? The people on this thread are saving up for good-sized deposits to purchase their houses, and I think that is an eminently sensible approach. If a person is prepared to forgo other pleasures in order to save a lump sum of money towards a house, how can you possibly say they do not deserve it??0 -
The average salary in this country is somewhere around £30K.
If most people are earning £30K then most people should be driving around in £1-2K cars.
Why are the roads therefore full of brand new cars that are £10K+? Even a new Punto would be £6K ish which in my opinion is too much for someone to be spending with a £30K salary considering the other costs of living including a mortgage.
A lot of people i know earn around £300K and yet feel that they are only able to spend £10K on a car max. Why do they not deserve to drive around in new range rovers instead of the average folk in their average houses where these new cars are parked?
The fact is alot of people who have money do so not because they are greedy but because they are not greedy.0 -
ukbondraider wrote: »The average salary in this country is somewhere around £30K.
If most people are earning £30K then most people should be driving around in £1-2K cars.
Why are the roads there<snip>
What the heck are you going on about now?Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Just found this thread and wanted to say well done to BAS, I think in the current climate u definatle have the right idea.
Once we have paid off our debts, we will be doing exactly the same..... I am 28, OH is 29 and neither of us have any danger of getting onto the housing market any time soon!
Once the debts are gone (hopefully this year!) it will be full steam ahead on saving for a deposit, so when the time is right, we will be ready....
Will be watching this thread with interest....
Sarah x'We are all in the gutter, but some of us are looking at the stars' - Oscar Wilde0
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