Tech_Guy 1 HSBC 0

[glennda]

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!

[Soulfish]

Talking of people you hate @localzuk ... have you recovered from the Academy visit yet?

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

[captaincharisma]

Its not that bad renting if your living with someone, I have a 2 bedroom flat and its not costing me that much.

[glennda]

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

[captaincharisma]

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.

[2097]

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

[AMLightfoot]

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!

[X-13]

A single salary can't cover that!

That awkward moment when you realise that you're literally working to live.

[jamin100]

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

[X-13]

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.