Anyone here who doesn’t own a house?

[Grassland Blue]

I’ve got loads! Anyone wanna buy any ?

You are Robbie Fowler and I claim my line of cocaine....

 

[BLUEYESTU]

More of a greyhound man myself, kept em in the back yard for years not a bit of bother, no need for all that straw and big box trailers yo cart em around, just stick em in the boot and off yer go. Do yourself a favour get a greyhound instead

Made me chuckle :)

 

[Kompany Car]

I have been trying to buy a house for God knows how long but then something always comes up. I was saving for a while but then my parents got sick back in 2021 and that ate up most of my savings.

I got married last year and we decided to budget everything so that we can save up for a house in a year or two. Recently I started a new job but I find it very hard to save. Whenever I try to, something always comes up, whether it’s my Dad having a spine surgery or my wife ending up in ER for a post surgery complication.

We are moving to San Diego next month which is hell of a lot more expensive than where we currently live. It also doesn’t help that my wife is a school teacher and here in the US, teachers are paid shite. So almost 90% of the bills are on me. After all that, we can barely save anything for a house.

I just wanted to rant maybe but does everyone here own a house? I feel like we ill be stuck hopping from one apartment to another our entire life.

San Diego is one of the most expensive cities in the US to live in. Why move there if you cant afford to buy property ? I would also assume rentals are also proportional higher.

I know its a really nice city and I must admit its one of a very small handful of places in the US where I thought I could quite happily live. But its similar to someone in the UK saying that they like Oxford and then realising that a house is £600k, which is 16 times the median salary in the UK and for £600k you get something akin to a shoebox.

Most people unless they are born wealthy, aspire to moving to nice areas but often, like myself, start off in much less desirable places, gain a bit of equity, then move up the ladder. Putting up with a long commute to earn a decent salary.

 

[stonerblue]

San Diego is one of the most expensive cities in the US to live in. Why move there if you cant afford to buy property ? I would also assume rentals are also proportional higher.

I know its a really nice city and I must admit its one of a very small handful of places in the US where I thought I could quite happily live. But its similar to someone in the UK saying that they like Oxford and then realising that a house is £600k, which is 16 times the median salary in the UK and for £600k you get something akin to a shoebox.

Most people unless they are born wealthy, aspire to moving to nice areas but often, like myself, start off in much less desirable places, gain a bit of equity, then move up the ladder. Putting up with a long commute to earn a decent salary.

Tijuana it is then..

 

[Keepingthefaithsince1976]

I used to own a flat, then sold up as it was a leasehold and the management company were playing games, trying to suck up our money.

Was there between 2008-2017, on the tail end of the global recession, then moved back home for a while before meeting my current partner in late 2018. Moving in with him just before December 2019.

So yep, although I have owned a property, that was then and I don't now.

Same as that.....leasehold = another way to grab money from people. I was told nothing about it when I bought the flat apart from their would be a management charge every month to cover gardens, roof, communal lighting, windows.

8 years later I'm trying to remortgage and I'm informed I cannot as my lease has nearly gone below the 87 years lease that mortgage companies treat as the benchmark. Had to drop it by £25k to sell it. Gutted.
Paid a mortgage on a flat in a really nice part of London for 8 years then had to sell it for 30k more than I bought it. Could have been a lot worse I suppose but be very careful of leaseholds bluemooners.

 

[ShorehamCitizen]

Same as that.....leasehold = another way to grab money from people. I was told nothing about it when I bought the flat apart from their would be a management charge every month to cover gardens, roof, communal lighting, windows.

8 years later I'm trying to remortgage and I'm informed I cannot as my lease has nearly gone below the 87 years lease that mortgage companies treat as the benchmark. Had to drop it by £25k to sell it. Gutted.
Paid a mortgage on a flat in a really nice part of London for 8 years then had to sell it for 30k more than I bought it. Could have been a lot worse I suppose but be very careful of leaseholds bluemooners.

That sounds really scary and that is how I began in my old place. Five years of just paying the management charge to cover all that stuff, but then they hit us with a Section 20 job for a communal redecoration of the hallways etc. That was a separate charge we all had to do and they wouldn't leave us alone with such unnecessary things after that.

I would not wish any of this on anyone decent. Hope you sell and leasehold companies get what's coming to them. It bewilders me they are not regulated by a third party, but are self-regulated instead.

 

[Worsleyweb]

Never buy leasehold

 

[TFC]

Its less and less attractive to own a house these days, we sold our a couple of years ago to take advantage of the stupid prices people were willing to pay (Florida). Cost of upkeep, insurance etc skyrocketing, we are going to rent for the foreseeable.

 

[fanatic1]

Leasehold properties (mainly flats) are fraught with difficulties if there's a shithouse managing company involved. They can hike up quarterly charges as they bloody well like. However, I'm sure that there is legislation available for tenants to act together to purchase the lease at a fair price. See a solicitor (often free 1st consultation). A share of the freehold is a good selling point later on as the tenants take control of expenditure.

 

[threespires]

Tijuana it is then..

Just found a 3 storey 4 bed with a lovely view of the ocean for $295k . As soon as I've worked out how to downplay the murder rate to the missus I'll be contacting the realtor.