Now that everyone is renting their music and cars

[egor110]

OldGermanHeaps said:

HustleRussell said:

I could, I would be moving further away from not only the city but place of work, parents, friends, workshop etc.

Thats a personal choice though. Obviously others are managing to buy houses in your area, otherwise prices would drop. Why are you earning and saving less than your local neighbours?

Exactly the hard truth is you can't afford to own a house in your chosen location .

So you either stay home with mum and dad , rent or start looking for counties you can actually afford to buy a property in.

[cml24]

HustleRustle, KBR?

Ive driven a few times to Leatherhead for work, and that was from Essex. There are surely parts of Kent maybe that are acceptable and cheap to buy in? Or Crawley isn't too far. Horsham is commutable and affordable.

Agreed that the side of London you're near is pricey, all the people you're age who work there live in Clapham, Richmond etc and that is unaffordable.

I worked in central London, near Paddington station (possibly on the same job) and bought a house in Romford, just under an hour commute - acceptable for me. I got a garage with it, five minutes from the station. Area is a bit 'lively' but lived in worse places.

[HustleRussell]

OldGermanHeaps said:

HustleRussell said:

I could, I would be moving further away from not only the city but place of work, parents, friends, workshop etc.

Thats a personal choice though. Obviously others are managing to buy houses in your area, otherwise prices would drop. Why are you earning and saving less than your local neighbours?

I’m not, it’s just that you can no longer borrow 5x your salary as you could several years ago. Or buy a flat for a reasonable amount of money. Inflation continues, wage inflation has been non-existent for years.

[anonymous-user]

egor110 said:

Exactly the hard truth is you can't afford to own a house in your chosen location .

So you either stay home with mum and dad , rent or start looking for counties you can actually afford to buy a property in.

Well said. I think people these days find it so difficult to form new relationships, the thought of moving somewhere new terrifies them.

[WolfieBot]

HustleRussell said:

OldGermanHeaps said:

HustleRussell said:

I could, I would be moving further away from not only the city but place of work, parents, friends, workshop etc.

Thats a personal choice though. Obviously others are managing to buy houses in your area, otherwise prices would drop. Why are you earning and saving less than your local neighbours?

I’m not, it’s just that you can no longer borrow 5x your salary as you could several years ago. Or buy a flat for a reasonable amount of money. Inflation continues, wage inflation has been non-existent for years.

So retrain, do some courses, get a new job, move companies, find an industry that does have wage inflation.

Or just carry on as you are, enjoy your disposable income and don't worry about buying a house. But don't blame it on the housing market of you're not prepared to do anything about it yourself. Thousands of young people are still buying houses, there are plenty of ways to do it.

[drainbrain]

What's the big problem with renting? Personally I love it. So does the wife. She says 'it's like being on holiday'.

[227bhp]

HustleRussell said:

227bhp said:

HustleRussell said:

227bhp said:

How my hard bleeds for generation CBA.

I’m guessing this bit you’ve added is supposed to be inflammatory as it’s obviously pretty wide of the mark in my case.

What you do with your money is up to you, just don't complain about it that is my point.
I wasn't racing a car when I was 28, I could now if I so wished. I just decided to do things the other way round to you, bricks and mortar first, frivolities and wasting money came later.

I’ll take that as a ‘yes’ then shall I.

227bhp said:

You could buy a full house in Liverpool for a quid and spend £40k+ making it into whatever you want.
Property in Cheshire £65k...

I could... I could also buy a mongolian goat farm or a couple of acres in Utah.

Yes exactly, you have so many choices, yet still you moan. That IS your generations problem, you want it all, but aren't prepared to put the effort in or put up with a bit of hardship for a while.

[HustleRussell]

Classic PH, I point out that modest property around me is out of reach even though I have worked full time since I was 18, saved up a significant deposit and have a job which pays a moderate wage and PH deduces that I’m socially inept, work shy and ‘can’t be arsed’ to do anything.

[DoubleD]

Buying a house often means giving up something else. You cant expect to have everything all at once.

[Vincefox]

HustleRussell said:

Classic PH, I point out that modest property around me is out of reach even though I have worked full time since I was 18, saved up a significant deposit and have a job which pays a moderate wage and PH deduces that I’m socially inept, work shy and ‘can’t be arsed’ to do anything.

I've not been in here much for the last couple of years. Seems people haven't become any kinder to each other in that time.

[tighnamara]

drainbrain said:

What's the big problem with renting? Personally I love it. So does the wife. She says 'it's like being on holiday'.

Thought in a previous post you were buying again ?
Rather a home felt like a home rather than feeling as staying in a holiday home.
I am sure tha would ware off quite quickly.

[ARHarh]

Why live and work in London when you could be far better off elsewhere on half the wages. http://www.rightmove.co.uk/property-for-sale/prope...

[WolfieBot]

HustleRussell said:

Classic PH, I point out that modest property around me is out of reach even though I have worked full time since I was 18, saved up a significant deposit and have a job which pays a moderate wage and PH deduces that I’m socially inept, work shy and ‘can’t be arsed’ to do anything.

No one has said that though have they. They've just pointed out that there are ways of getting on the property ladder if that is what you want to do. Just don't expect to be able to buy your dream house in the perfect location straight away.

If your priorities are staying close to friends and family then fine, that's your choice. But that's also one of the significant factors in you not being able to buy a house, not because Thatcher sold all the council houses off.

[HustleRussell]

WolfieBot said:

HustleRussell said:

Classic PH, I point out that modest property around me is out of reach even though I have worked full time since I was 18, saved up a significant deposit and have a job which pays a moderate wage and PH deduces that I’m socially inept, work shy and ‘can’t be arsed’ to do anything.

No one has said that though have they. They've just pointed out that there are ways of getting on the property ladder if that is what you want to do. Just don't expect to be able to buy your dream house in the perfect location straight away.

Actually they have

And I don’t think my outer Sutton one bed prefab flat ambition should be considered such an unreasonable expectation in my circumstances.

[nickfrog]

HustleRussell said:

Classic PH, I point out that modest property around me is out of reach even though I have worked full time since I was 18, saved up a significant deposit and have a job which pays a moderate wage and PH deduces that I’m socially inept, work shy and ‘can’t be arsed’ to do anything.

Yes I saw the comment and it was very condescending, particularly in light of your contributions to PH who are very eloquent and useful.

You don't exactly come across as a thick slacker and I sympathise with you as my kids are only slightly younger than you, very successful too professionally but simply won't buy a home for a while, however clever/creative they are.

You and them belong to the first generation who didn't surf the affordable property wave because there isn't one and it's very easy for older people to be condescending when the only thing they had was luck on their side, almost however thick/uneducated they were.

[drainbrain]

tighnamara said:

drainbrain said:

What's the big problem with renting? Personally I love it. So does the wife. She says 'it's like being on holiday'.

Thought in a previous post you were buying again ?
Rather a home felt like a home rather than feeling as staying in a holiday home.
I am sure tha would ware off quite quickly.

Yep buying again, but really enjoying renting.

Many people enjoy staying in holiday homes. Which is why they buy them. Only a few can afford homes they're happy to live in here there and everywhere. I'd imagine almost everyone would enjoy that. And it's a lot more affordable to do it as a tenant. And if it gets boring you move on to the next one.

[nickfrog]

DoubleD said:

Maybe more than ever are leasing, but lots still own their own cars.

And the two are not mutually exclusive either. I choose whatever method is cheaper.

[HustleRussell]

^thanks for that. Since this is the ‘everybody seems to rent everything’ thread I thought I’d share. Of my friends, the only ones who are on the ladder had major help. The rest are renting and it’s hard to see how they’ll ever come up with a deposit.

Obviously it’s easy to bash people on here. There’s a lot of inter-generational tension at the moment. Everybody has their preconceptions.

[drainbrain]

HustleRussell said:

I’m not, it’s just that you can no longer borrow 5x your salary as you could several years ago. Or buy a flat for a reasonable amount of money. Inflation continues, wage inflation has been non-existent for years.

Here Russell. I've found one for you in Surrey. £60k deposit. £35k salary with 4x multiplier to mortgage the balance.

http://www.rightmove.co.uk/property-for-sale/prope...

Send my £1k sourcing fee to the account I'll pm you.

(by the way, that took less than 30 secs to find)

Ps: I'd like a link to that mongolian goat farm 'opportunity' if you have it.

Edited by drainbrain on Saturday 17th February 16:20

[DoubleD]

nickfrog said:

DoubleD said:

Maybe more than ever are leasing, but lots still own their own cars.

And the two are not mutually exclusive either. I choose whatever method is cheaper.

Exactly. And if you want to buy your 1st house you often have to compromise.