Think she told my husband that and he's stuck to it.Hahaha!!! NO REMORTGAGE FOR THE SEXUAL DEVIANTS!!! CANT ENJOY SEX IF YOU WANT A MORTGAGE, SEX IS AN UNNECESSARY LUXURY!!!
*puts another order in with love honey*
Think she told my husband that and he's stuck to it.Hahaha!!! NO REMORTGAGE FOR THE SEXUAL DEVIANTS!!! CANT ENJOY SEX IF YOU WANT A MORTGAGE, SEX IS AN UNNECESSARY LUXURY!!!
I paid for my own phone at uni- do her kids have jobs at uni like I did so I could afford to go? If not then Iām entitled to my opinion that this is an example of unnecessary spending IF owning a home is important to you and you say you canāt save.Her phone contracts are for her kids, Who are at Uni. Sheās paying for her kids to have phones while they study.
who the hell do you think you are to try to tell her this is āunnecessaryā spending when you yourself have had help from your own family to get on the proper ladder?!
My parents bought their house in 1996 on one wage for Ā£180K, it is now worth nearly Ā£1mil. Their first house they bough for less than Ā£10K on a 100% mortgage which allowed them to get on the market.Not really though, the artificial pushing up of house prices means people are having to choose between them and its tit. Or in some cases will never be able to get a mortgage because they just dont earn enough if the area they live in is expensive.
People can say oh years ago we didnt have x y and z but years ago most households had 1 income. We live in a society where most households have a dual income. It should be possible to buy a home and have some sort of a cultured life, have experiences.
I grew up financially disadvantaged, I wouldnt say poor but we didnt have a lot for a variety of reasons. My parents home is 5 times more expensive now than it was when they bought it in 1990, we dont live in a very expensive area. Has the average wage increased 5 times since 1990? No. Thats the problem. Yes there may be other factors at play for people struggling to get on the ladder but this is the main problem.
I am a home owner (well I pay the bank, dont own it outright) and even I can see the issues that people face and its not giving up Ā£5 lattes, sadly.
I paid for my own phone at uni- do her kids have jobs at uni like I did so I could afford to go? If not then Iām entitled to my opinion that this is an example of unnecessary spending IF owning a home is important to you and you say you canāt save.
Its so depressing we were hoping to move soon but houses here are going for 25% over the home report value (In Scotland, not sure what equivalent in England is) and Im just not prepared to get into a bidding war right now. If it means we need to stay put then its what Ill do. Would be mortgage free a lot sooner if we dont move.My parents bought their house in 1996 on one wage for Ā£180K, it is now worth nearly Ā£1mil. Their first house they bough for less than Ā£10K on a 100% mortgage which allowed them to get on the market.
I bought in 2017 with two wages, circa Ā£65K, we could only get a Ā£250K mortgage and needed at least Ā£325K to get on the ladder. Where do you get Ā£75K from when paying Ā£950 rent a month plus bills before the price goes up again. We were very fortunate and were gifted money but I know so many who it is not an option for them regardless of how much they work and save, especially not in the South East.
SOME PEOPLE WHO WORK MINIMUM WAGE JOBS DO NOT HAVE TIME OR ENEGRY TO GET A SECOND JOB OR STUDY AT THE WEEKENDS OR EVENINGS BECAUSE THEY ARE ALREADY WORKING FLAT OUT TO PAY THEIR BILLS TO KEEP A ROOF OVER THEIR HEAD WHICH YOU THINK IS A CHOICE! WHAT IS SO HARD TO UNDERSTAND ABOUT THIS?! MULTIPLE PEOPLE ON THIS THREAD HAVE EXPLAINED THIS NOW IN VARIOUS DIFFERENT WAYS!!!!!!!!If those on minimum wage jobs want a home so badly and it matters to them they can do what a poster above did and study in there evenings or time off. This will reap the rewards down the line as they will have a profession/skill/trade which can earn them enough to save for a place.
Again, before those with a chip on their shoulder try and apply it to their own circumstances I am talking in general terms. Some might not want to own a home, some might prefer to work the hours they currently work etc, which as Iāve said all along is completely up to them
Yes and those who don't clearly need to get over the fact they'll never own a home and they can just deal with being stuck in a renting cycle. The issue is the system is broken, if you have to work multiple jobs and not be able to do anything else apart from work and save to even dream of buying a property that's an issue with the whole system, not with people's prioritiesYesā¦ some donāt. Hence why (again) I said that what I am saying clearly doesnāt apply to everyone not quite sure how many times that has been said
This is something that has been raised a few times at government level and I think in time will have to become a part of the mortgage application process. If youāve rented for years, have never defaulted, have a good cedit history and have a stable income then that should be enough without the requirement for a ridiculous deposit.Why canāt banks and building societies start looking at what people have been paying in rent for the last God knows how many years. They could see they have never defaulted and could easily afford a mortgage instead of paying someone elseās.
Hot take: It should be perfectly possible for people earning minimum wage to be able to save up and get a mortgage and not break their back doing so. Homeownership shouldnāt be something reserved for those who āearn enoughā because 1. What ever is deemed āenoughā seems to be getting higher and higher and 2. we need people working minimum wage jobs as they are often the ones which keep the economy ticking over. Shelf stackers, delivery drivers, cleaners etc. Someone has to do it and not everyone is going want or be able to train their way out of it, should those people just never get the opportunity to own their home? It should be realistic for everyone to get on the ladder if they choose by saving up a modest amount in order to get a mortgage on a home at a fair price but thatās not whatās been happening for a long time. Itās hard enough for people on middle-higher wages to get on the property ladder. The problem isnāt with people not working/studying hard enough. The problem lies with ridiculous house prices, high rents and investment landlords who buy more properties than they need. Not with the people at the bottom trying to get by who just want somewhere to live that is more secure than private renting.If those on minimum wage jobs want a home so badly and it matters to them they can do what a poster above did and study in there evenings or time off. This will reap the rewards down the line as they will have a profession/skill/trade which can earn them enough to save for a place.
Again, before those with a chip on their shoulder try and apply it to their own circumstances I am talking in general terms. Some might not want to own a home, some might prefer to work the hours they currently work etc, which as Iāve said all along is completely up to them
We didn't even have a deposit, we had a cashback deal with our mortgage that covered the deposit. I'm so envious of anybody that has never needed to remortgage. Id have three years left and be paying about Ā£300 a month. I wish!!!This is something that has been raised a few times at government level and I think in time will have to become a part of the mortgage application process. If youāve rented for years, have never defaulted, have a good cedit history and have a stable income then that should be enough without the requirement for a ridiculous deposit.
Hi thats me!! My daughter works in McDonald's when she's back and saves for her rent. She's going into her 2nd year this year and she'll hopefully get a job once she's back. My son was furloughed and then made redundant, he's just finished his last year and is applying for jobs. He pays his car insurance, petrol and anything else he needs from his student loan.I paid for my own phone at uni- do her kids have jobs at uni like I did so I could afford to go? If not then Iām entitled to my opinion that this is an example of unnecessary spending IF owning a home is important to you and you say you canāt save.
You do know studying costs money right? College and university courses cost money, some arenāt always flexible to evening classes.If those on minimum wage jobs want a home so badly and it matters to them they can do what a poster above did and study in there evenings or time off. This will reap the rewards down the line as they will have a profession/skill/trade which can earn them enough to save for a place.
Again, before those with a chip on their shoulder try and apply it to their own circumstances I am talking in general terms. Some might not want to own a home, some might prefer to work the hours they currently work etc, which as Iāve said all along is completely up to them