elsiegee40 Posted February 2, 2012 Posted February 2, 2012 Suddenly... I hate quite a few people... Talking of people you hate @localzuk ... have you recovered from the Academy visit yet?
localzuk Posted February 2, 2012 Posted February 2, 2012 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!
mattx Posted February 2, 2012 Posted February 2, 2012 I've got 2 more years on mine - not gonig to pay it all off though. No way, going to leave £10 and take another few years to pay it off at £0.20 a month - just to annoy the bank as they screwed this country into the ground. It will cost THEM more money in the long run. Bleeding bankers. 1
glennda Posted February 2, 2012 Posted February 2, 2012 I'll be renting for a hell of a long time - Cheapest 1bed flats here are averaging 150k with a decent 2bed being over 200k. Unless I can stump up about 60k i'm screwed!
witch Posted February 2, 2012 Posted February 2, 2012 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...
glennda Posted February 2, 2012 Posted February 2, 2012 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 Posted February 3, 2012 Posted February 3, 2012 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 Posted February 3, 2012 Posted February 3, 2012 Its not that bad renting if your living with someone, I have a 2 bedroom flat and its not costing me that much.
glennda Posted February 3, 2012 Posted February 3, 2012 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 Posted February 3, 2012 Posted February 3, 2012 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 Posted February 3, 2012 Posted February 3, 2012 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
AMLinington Posted February 3, 2012 Posted February 3, 2012 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 Posted February 3, 2012 Posted February 3, 2012 A single salary can't cover that! That awkward moment when you realise that you're literally working to live.
jamin100 Posted February 3, 2012 Posted February 3, 2012 ha ha we have 30 years to go on our mortgage i'll be nearly 60 before its paid off
X-13 Posted February 3, 2012 Posted February 3, 2012 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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