Owning your home.

[Mazzarelli's Swiss Cheese]

Haha, as long as he stays away from my kettle.

I wouldn't even think about brewing up if the milk was in a fucking bag ;-)

 

[Barcon]

I wouldn't even think about brewing up if the milk was in a fucking bag ;-)

substitute bags of milk in your favourite titwank fantasy and you will understand why they are so popular

 

[Crouchinho]

Let the lad have the house providing he wipes your arses. It’s the only reason I regret not having any.

With the curry shits I do he would be dead wiping it!!!

 

[denislawsbackheel]

That’s good to know but if you go into care you can’t gift your money or if you have to buy care for someone in there own home you have to pay fees there are so many rules now

I know.
I corrected the error posted.

 

[Maccblue]

Depends on what the degree is in and from which University. Go to an ex poly and do a degree in underwater basket weaving and you’re lucky if you get a job in McDonalds.

Go to a Russell Group University and get a degree in Economics, Maths, Medicine, Law, Engineering, Physics, Chemistry etc and you’ll earn a good salary.

Exactly what I told mine. Go to uni fine but you do a degree worthwhile and I’ll back you financially through it.
Not music, fuzzy felting or painting by numbers !!

Now ones a doctor the other has a masters in law but is working as a QS
Both Russell Groups. Both now being stung paying back tuition fees
But earning good money and will only get better

PS. Good luck to anyone else putting twins through uni
1 did 4 years
The other did 8 (EIGHT)

 

[Johnny Mars Bar]

Sorry but isn't that just life? (Not having enough disposable income). Any spare income I get, I wack in to my savings.

You pay a mortgage so that when you retire, hopefully your mortgage is paid off and you can live in your owned house rent free and just need to pay the other bills.

Fuck paying rent all of your life, you are filling the pockets of a landlords and rent is typically higher than what you'd pay on a mortgage.

If you are struggling to save then make sacrifices. Life is tough. It is funny seeing people in their 20s moan about the housing crisis when they're dressed in designer gear and have just got back from a trip to Thailand and probably have Glastonbury tickets sorted for next year.

Oh fuck off.

People in their 20s have every right to be fucked off at the state of the housing market. Unlike in "your day" the average house doesn't cost a shilling.

 

[I'm With Stupid]

What you’ve basically identified is that if you don’t have a strong work ethic then regardless of what you do, you are unlikely to be successful. What was Thomas Edison’s saying …Genius is 1% inspiration and 99% Perspiration.

Well yeah, but I'm also saying that that's changed over time. 50 years ago, if you had a degree, you had a job, regardless of your work ethic. Nowadays it's not enough, but it's marketed as if it is, and people fall for it. Particularly people of the older generation who think they know which degree subjects are more valuable, because they think law = lawyer, engineering = engineer, etc. My friend who actually became a lawyer didn't just have a law degree from a red brick university, she also had three summers of internships that her well-connected father was able to get for her, and the money to go to graduate school in America and live in New York while she did it. And yes, she worked hard too, but no more so than plenty of other people. She definitely wasn't averse to the party lifestyle at uni.

 

[I'm With Stupid]

I bought my first house at aged 23. Three bedroom semi, quite small, good area. Cost £4,200. O tempora, o mores.

Do you remember what your salary was at the time, just out of interest?

 

[blumoonrisen]

Ok. I've been looking at this thread throughout the day, and have seen some absolute nonsense posted as to why it's impossible for young people today to get on the housing ladder. It's called a ladder for a reason, you start at the bottom and work your way up.
For the record I've been in the building trade for 40yrs, mainly renovation and buying and selling houses for myself and numerous friends and customers.
My advice is this for anyone in full time work. Buy a cheap terrace, there are many in the greater Manchester available for around the 80k mark that are structurally sound, mortgagable and need some tlc. Yes, they may not be in areas you prefer to live in.
For a 95% mortgage this will require around 4k deposit plus legal fees of 2-3k. The monthly payment is around 400 a month, a weeks wage, as it was years ago.
Learn some basic DIY skills and be prepared to rough it for a couple of years. After that you will likely be sitting on at least 20k profit. Sell and repeat. Do this a couple of times and you won't look back.
Forget buying 250k houses that require ridiculous deposits that take years of saving for that are out of reach for most.
Do it when you're young.

 

[Slipper One]

Oh fuck off.

People in their 20s have every right to be fucked off at the state of the housing market. Unlike in "your day" the average house doesn't cost a shilling.

They may well have cost a shilling, but wages were also not what they are now.

To me the two issues are.......

1. The ratio between house prices and wages has become too far apart.

2. People do not want to sacrifice anything to get anything. Sure they would like to buy a house, but they still must have their two vehicles, both new, heaven forbid used, have all the gizmo's and gadgets available, holidays and take outs on demand and then wonder why their money doesn't go far enough to pay a mortgage!!!

Back in the day, my father asked my mother (of two kids), if she wanted a TV or washing machine, one or the other. I'm not saying we need to go back to those times, but part of the problem today is entitlement.