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General Chat Thread, Tech_Guy 1 HSBC 0 in General; Originally Posted by witch I didnt buy a place until I was 25 and even then it was a 'shared ...
  1. #31

    glennda's Avatar
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    Quote Originally Posted by witch View Post
    I didnt buy a place until I was 25 and even then it was a 'shared ownership' two-bed semi bungalow and I only owned a third of it. Prices may have been cheaper then but it took until I was 27 and with a partner before we could afford to buy anywhere. Interest rates were up at about 15% so the monthly outgoing was enormous.
    It's the ones renting I feel sorriest for - at least the ones still at home can really save up - but rent is just money down the drain...
    I had to move out - mother decided she was going to the other side of the world!

  2. #32

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    Quote Originally Posted by elsiegee40 View Post
    Talking of people you hate @localzuk ... have you recovered from the Academy visit yet?
    Quote Originally Posted by localzuk View Post
    I had almost recovered, but you've just brought the terrible memories floating back to the surface!
    Don't worry I'm hoping to get the photos online today

  3. #33
    captaincharisma's Avatar
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    Its not that bad renting if your living with someone, I have a 2 bedroom flat and its not costing me that much.

  4. #34

    glennda's Avatar
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    Quote Originally Posted by captaincharisma View Post
    Its not that bad renting if your living with someone, I have a 2 bedroom flat and its not costing me that much.
    Rent for a 2 Bed place down by me starts from about 750 a month - which once you have split between two people plus bills etc you are looking at 6/650 each a month

  5. #35
    captaincharisma's Avatar
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    I can see why it would hurt your pockets more if you were living alone. I have 3 friends living together in a house they rent but I can see their friendship slowly starting to crack. Normal living together arguments such as cleaning, washing up, bills paid on time etc.

  6. #36

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    why rent ?

    Quit your job , claim social .. nockup the gf so she gets a baby and then live illegaly in her free appartment

    have a few more kids get lots of money + dole money !

    3/4 of British are doing it and have no plan to work ever in there life .. Do it now before its to late lol !











    * This may be a joke , pleaqse dont quit your job

  7. #37


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    The problem is that you may earn a reasonable salary, but:

    1. Deposit - most banks want at least 10% (for first time buyers) and more. If a house is £100,000 (and very few south of Manchester are) thats £10,000 - saving that much takes a long time.

    2. Amount that can be borrowed - a single person on £20,000 with no pre-existing commitments and 100% of his wages in salary and no bonuses (they only take 50% of bonuses into account so my partner who earns £7,000 of his yearly salary in 'performance-related-bonuses' with a pitiful basic salary earns less as far as a bank is concerned than I do, when in fact take-home-pay is about the same) can borrow 4 times their salary. So for a £20,000 salary they can borrow £80,000. What can you buy with £90,000 (assuming they have a £10,000 deposit)? Certainly nothing deisrable down here in the south. Even flats are in the £100,000 ranges.

    We bought a house that needs a LOT of work doing to it in Gosport for £150,000 and they wanted 10% deposit as FTBs - that's £15,000 - we had to borrow it off parents - there is no way a single person can afford this!

    3. Council tax, TV licence, Utilities (water is absurd), Phone, food, etc. A single salary can't cover that!

  8. #38

    X-13's Avatar
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    Quote Originally Posted by AMLightfoot View Post
    A single salary can't cover that!
    That awkward moment when you realise that you're literally working to live.

  9. #39
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    ha ha we have 30 years to go on our mortgage i'll be nearly 60 before its paid off

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    X-13's Avatar
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    Quote Originally Posted by jamin100 View Post
    ha ha we have 30 years to go on our mortgage i'll be nearly 60 before its paid off
    Nah, you just need to wait for the banks to collapse. Should be soon.

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