Impulse purchase??

PandaPants_2

RHemmings wrote: »

Not you in person. They were classifying you as the type of person who got the housing/mortgage market into "!!!!!!".

Oh right, d'oh....
Im thick tonight...
:rotfl: :rotfl: :rotfl:

PandaPants_2

nelly wrote: »

deak hid..........

Sorry? I don't understand that either... :rotfl: :rotfl: :rotfl:

jules73_2

You have started to save...just continue saving....alternatively you can buy my house and I will instead:money:

sparklewing

I was terrible with money but got an inheritence which just covered a deposit on a house. So I bought one.

I've become so much beter with money since, buying it made me grow up and learn how to deal with things.
Me and my husband are currently earning £1200 month after tax between us (well he is, I earn nothing as I'm ill right now) and we manage to pay all our bills, including a £620 a month mortgage and are not in debt. So it is possible but it is not easy. (We were earning double when we bought the house).

Only you know if you could budget sensibly if you had to. Saving up a deposit and some saving bfore you buy would be the best plan though. Solicitors fees and surverys build up.

Good luck with whatever you decide.

dudleyboy

PandaPants wrote: »

Oh right, d'oh....
Im thick tonight...
:rotfl: :rotfl: :rotfl:

Just tonight...?

Seriously, do you even watch the news or read a newspaper? Are you aware of what's happening in the financial system? Are you aware that the housing bubble of the last 7 years is about to burst big time, that our country (and most others) are on the brink of a recession and only desperate government intervention is actually preventing it?

I hope you like living with your parents because with extremely cautious mortgage lenders, sh*tty interest rates for savers and absolutely no money management skills or sensibilities whatsoever, even if house prices hit rock bottom you still won't have two pound coins to rub together and will be living with them for a LONG time to come!

I'm sure living rent and bills free at home with the folks is a dream when you're in your 20s. I hope you enjoy it just as much in 10 or 15 years time.

hev_2

PandaPants - I lurk on here a lot, and there are a lot of very nice people, but this board isn't as pink and fluffy as a lot of other boards. Some of the posts may come across as a bit abrasive, but they do mean well and are very helpful.

Perhaps you could try and set yourself targets or save in an account that is hard to get into.

A friend of mine bought a flat on a whim back in 1989. Nearly ten years later she lost money on it when she sold it. And she had had lots of hassle with it. She ended up being unable to sell for anything like she paid, got in tenants when she found Mr Right, had to keep up, lost money when tenants did runners, had to replace windows... When she finally got rid, she reckoned on a net loss.

HTH