MarkM
Member
Registered: 11th Apr 01
Location: Liverpool
User status: Offline
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I wasn't just referring to your reply it was to everyones. Of course circumstances dictate what you can and can't do.
But for everyone to just jump on the stay at home and save bandwagon is a little premature.
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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Well I pay £300 a month to live at home so i'm not really living off my parents.
I think people fail to realise that round this area and the area i'm considering getting a flat share, I would be looking at £200k+ for a nice 2 bedroom flat.
While I can comfortably afford the repayment on that sort of mortgage, I don't have £20k+ lying around for a deposit. Saving £660 a month would take about 3 years to save by which time I would be living with my parents at the age of 27.
[Edited on 12-07-2009 by James]
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MarkM
Member
Registered: 11th Apr 01
Location: Liverpool
User status: Offline
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quote:
Originally posted by James
Well I pay £300 a month to live at home so i'm not really living off my parents.
I think people fail to realise that round this area and the area i'm considering getting a flat share, I would be looking at £200k+ for a nice 2 bedroom flat.
While I can comfortably afford the repayment on that sort of mortgage, I don't have £20k+ lying around for a deposit. Saving £660 a month would take about 3 years to save by which time I would be living with my parents at the age of 27.
[Edited on 12-07-2009 by James]
A lot more than 200k for a 2 bed flat in Clapham mate...probably 300k +!!
One of the reasons I am moving back up north soon is for the very reason you have pointed out - I can afford a hefty mortgage down here but don't have the massive deposit that is needed to get one. Up north the deposit is a lot smaller obviously.
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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It's very frustrating.
I'm tempted to rent in Clapham while saving a decent amount, then getting a BTL back home where it's more affordable (ish) and renting it out.
[Edited on 12-07-2009 by James]
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SAL
Premium Member
Registered: 19th Dec 05
Location: Radlett, Hertfordshire
User status: Offline
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Lived in house share's since i was 18, now 24. They aint too bad and are a cheaper option to buying a place. I could'nt afford a place on my own so the house-share is my option atm.
I currently rent a double room in a private house on a posh road. I have a double room with my own bathroom, car is on the drive, i have full use of the house inc living room. Have ther place to myself most the time as the owner lives in london most the time. I pay £100 per week but it's lovely having what seem's like my owm place most of the time, I only moved here about two week's ago after meeting a lovely girl and wanting to have a nicer place to live/stay with her.
It aint all bad but i do miss home which would be 200 mile's away from here
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Xs
Member
Registered: 12th Apr 02
Location: Lanarkshire
User status: Offline
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Fuck sharing with a couple! Imagine sitting in the living room at night with them... no thanks. Better sharing with some single birds then you can try pump them and their friends! WINNER! WINNER! CHICKEN DINNER!
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eddiewhiteley
Member
Registered: 10th Mar 05
Location: down in albion
User status: Offline
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quote:
Have ther place to myself most the time as the owner lives in london most the time. I pay £100 per week but it's lovely having what seem's like my owm place most of the time
so do you have the place to yourself much?
[Edited on 23-07-2009 by eddiewhiteley]
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