I love reading these types of stories, thank you for giving me hope that I can do it on my ownxxI bought my London flat in 2000. No help from my parents towards it. Saved like a bastard for years beforehand barely going out, then to actually buy it had to max out several credit cards and then probably 5 years of living frugally until I got back on top of them. These days they ask you about credit card debt so you can't do that so easily (luckily). I remember that I paid an extra £1000 on the flat (which the owner kindly let me pay 3 months later) for all the crappy furniture in it that he'd been renting it out with. Wasn't until about 2016 that I finally got a new bed frame and new sofa.
Apart from being able to borrow a little extra on credit cards back then, it was just as hard a battle for us to buy something in 2000 as it is for people today. You just have to stop buying £3.50 artisan coffees several times a day and do without the fancy but pricey gins in the pub every weekend!
couldn’t agree more with this... I struggle very much to be happy for my friends who were given everything from their parents... I know it’s not their fault but they truly need to put their hands together and thank the lord that they had such a helping handI do think a lot more people have help from parents than let on! My parents are great and help us out in so many ways but I would never have expected them to gift us a house deposit! Their money is theirs and they need it to enjoy their retirement
there is nothing wrong with parents helping their children though, not like they can take the money with them and if they’re in a position to do so why not! Just feels rubbish when you feel like you’re not getting anywhere with saving and all you see on insta is people’s perfect new builds they’ve bought...
I get what you mean. I think is okay when people get help from their parents. The issue I have is when people think the rest of us did not work as 'hard' or as 'aspired' as them.couldn’t agree more with this... I struggle very much to be happy for my friends who were given everything from their parents... I know it’s not their fault but they truly need to put their hands together and thank the lord that they had such a helping hand
Well you will have to look at what exactly you're managing to burn through £90k a year on, whilst also considering if the £550k area is where you really need to be and can you start with a place a bit cheaper in a lesser area down the road a bit I guess!It just fascinates me, the houses in my area cost 550k at least, a 10% deposit is 55k and that is without stamp duty etc. How do people afford it, and how much do they actually need to earn per month.
We are earning 90k annually combined, I don't see how we can ever save up 55k at least
This is not realistic (i know), on insta, I constantly see people buy a house, reno, host wedding and go honeymoon, in the span of 2 years, how the fuck do you afford that. I need some tips haha!
The future is bleak
90k just kicks in literally half a year ago, we were not on 90k until Feb 2020.Well you will have to look at what exactly you're managing to burn through £90k a year on, whilst also considering if the £550k area is where you really need to be and can you start with a place a bit cheaper in a lesser area down the road a bit I guess!
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