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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To think you shouldn't expect to buy a home on a single salary?

462 replies

Fivebedexecutivehome · 22/07/2024 10:29

Genuinely interested in people's thoughts.

There's no doubt there's a shortage of appropriate housing in the UK, and that prices make home ownership for many people on average salaries.

But I find a lot of reporting about the topic weird- lots of interviews with people who seem to want to buy a property by themselves.

most recent one on BBC but not unique:
https://www.bbc.co.uk/news/articles/c7209lk8x2wo

My husband and I managed to get on the housing ladder a few years ago, early/mid thirties, both full time with a combined income of about 75k at the time, had been saving for about a decade towards deposit, plus a couple of grand from each of our parents to get it over the line. Got in towards the bottom end of the market of the (south eastern) town we live in.

I recognise both of us are quite privileged in lots of ways - having a bit of family support and salaries in the 30ks and 40ks. But there's no way either of us would have been able to ever buy a property by ourselves. But there's 68 million people in this country, surely the expectation can't be that everyone wants to buy a property themselves? And surely that's never been the expectation previously?

Emma Harris wearing glasses and a green floral top against a white wall

Renters face affordability block to buying a home

Renters are four times less likely than current owners to be able to afford a home, research suggests.

https://www.bbc.co.uk/news/articles/c7209lk8x2wo

OP posts:
noctilucentcloud · 22/07/2024 21:17

Fivebedexecutivehome · 22/07/2024 20:08

This is essentially my point.

If every individual person on an average salary wants their own 3 bed house with garden, the housing crisis will never end, we'll have to concrete over every inch of the country and vastly increase our carbon footprint. If that's what we're waiting for the economy to deliver, lots of people will always be dissatisfied.

Your logic is out.

  • Every adult wanting a home of their own would only be if every over 18 was single. - Not everyone wants a 3 bed house with a garden, there's plenty of people who live in flats, smaller houses, terraces etc.
  • Single people already live somewhere, maybe renting on their own for example. So they don't all need new houses to be built if they buy somewhere. Them moving would free up that property for someone else.
  • If everyone who wanted to could buy, there would still be people who choose to rent because of their circumstances eg younger people flatsharing.

Your comments make it sound like you only think those in couples or families are worthy to take up the resource of a house.

mrsdineen2 · 22/07/2024 21:16

Right, I don't know who OP is, but we can rule out all the economists and mathematicians in the country.

OreganoandFeta · 22/07/2024 21:15

This is silly. Renting, and the regular moves involved, can be stressful. Before Liz Truss a mortgage was often a lot cheaper than renting. Wanting your own safe space without tenancy checks, rules about pets, bikes, parking or even how you decorate your home is completely natural. Well done to everyone who has bought, whatever their circumstances. One of my parents bought their first flat on their own in 1984 which made it easier for my parents to buy their first house a few years later. I bought on my own and have managed my finances carefully and made overpayments so that I own 50% of the equity after 7 years.

Nat6999 · 22/07/2024 21:12

I bought my first home on my salary, it was twice my salary, now that house would be 5 times what my salary would be now.

Mummyto4WM · 22/07/2024 21:12

Fivebedexecutivehome · 22/07/2024 21:09

The people who accused me of homophobia, or the ones who've repeatedly wished my husband should walk out on me or even die? Those people?

Maybe just my view -, these debate topics bring about different views and people rear their ugly heads because agreeing to disagree nicely isnt a skill many on here have .... I kinda expect the OP to rise above them tbh

Stop trying to fight. Let it go

Fivebedexecutivehome · 22/07/2024 21:11

Mummyto4WM · 22/07/2024 21:04

@Fivebedexecutivehome OP, I wish I didn't read this thread, why are you so unpleasant to people?

Oh sorry, you meant the person who didn't think I should have children. Sorry, my bad.

OP posts:
Fivebedexecutivehome · 22/07/2024 21:09

Mummyto4WM · 22/07/2024 21:04

@Fivebedexecutivehome OP, I wish I didn't read this thread, why are you so unpleasant to people?

The people who accused me of homophobia, or the ones who've repeatedly wished my husband should walk out on me or even die? Those people?

OP posts:
Fivebedexecutivehome · 22/07/2024 21:07

GettingAroundTown · 22/07/2024 21:05

Well that wasn't your OP though. You just pasted some random article and said single people shouldn't be able to buy. And said article doesn't make the distinction between flats and houses. It says house, yes but many similar use it instead of the word property.

Personally I think people in the UK are just going to have to get used to flats. Not those ridiculous London tiny ones but 3 bed even double story flats like other countries have.

Even if the UK embarks on a massive house building program it'll be hundreds of thousands at most not close to a million let alone several if it's all houses with gardens.

Edited

I never said "single people shouldn't be able to buy"

I said I didn't think it was reasonable for every individual person to aspire to own their own property, and that the media reporting on the issue of housing repeatedly focuses on individuals who are in crisis because they aspire to but cannot own their own individual property.

OP posts:
Teamlilac · 22/07/2024 21:06

This is a badly written article tho and it just doesnt add up. Yes its difficult but there is an entitlement to a lot of these articles.

She earns 50k 2/3rd of which goes on rent and bills that leaves 1k disposable a month.
There are plenty of 2 bed flats in and around Birmingham for 150k which would require a deposit of £7500 if you include solicitors fees ect probably 10/12k . Even if she saved 500 a month she would have that in 2 years. From there she would be creating equity and paying down her mortgage if she wanted to move up the housing ladder.
I see a lot of people wanting houses or choices of property that they dont have the income for. Its not unreasonable to aspire to owning your own property but it is boring to keep reading these articles when there are options available to the person.
I do feel really sorry for the people earning low/minimal wages who cant make that work and get trapped into renting when they work hard their whole life but a single woman earning 50k in Birmingham needs to evaluate her spending or expectations because its achievable.

GettingAroundTown · 22/07/2024 21:05

Fivebedexecutivehome · 22/07/2024 20:08

This is essentially my point.

If every individual person on an average salary wants their own 3 bed house with garden, the housing crisis will never end, we'll have to concrete over every inch of the country and vastly increase our carbon footprint. If that's what we're waiting for the economy to deliver, lots of people will always be dissatisfied.

Well that wasn't your OP though. You just pasted some random article and said single people shouldn't be able to buy. And said article doesn't make the distinction between flats and houses. It says house, yes but many similar use it instead of the word property.

Personally I think people in the UK are just going to have to get used to flats. Not those ridiculous London tiny ones but 3 bed even double story flats like other countries have.

Even if the UK embarks on a massive house building program it'll be hundreds of thousands at most not close to a million let alone several if it's all houses with gardens.

Mummyto4WM · 22/07/2024 21:04

@Fivebedexecutivehome OP, I wish I didn't read this thread, why are you so unpleasant to people?

Fivebedexecutivehome · 22/07/2024 21:02

voiceofastar · 22/07/2024 20:46

If you’re so worried about the housing crisis, concreting things over and carbon footprints, why did you have children? You do realise your children will want to have a home of their own one day? Or is that different?

So there's this thing called mortality. At some point my parents will die, then (presumably after, but who can say) I'll die. That'll free up some space and resources, so maybe my kids could have a kid or two. Then they'll die. Sorry if this is new information for you.

OP posts:
Bellyblueboy · 22/07/2024 20:54

You are being silly. Single people buy in their own all the time and it’s a perfectly valid aspiration.

I bought on my own - so did a number of my friends.

why shouldn‘t we expect home ownership?

XenoBitch · 22/07/2024 20:51

diktat · 22/07/2024 20:32

Even more Dickensian to say single people shouldn’t expect to have homes.

Yep, OP seems to be saying that single people should not expect to own a home and live in it alone, especially in anything bigger than a soulless shoebox. Extra bedrooms and gardens are for families.

Mummyto4WM · 22/07/2024 20:50

LibertyDuck · 22/07/2024 10:36

I'm single as are two of my close friends. We're all homeowners on average salaries. It's not really a problem in the real world.

Agreed. I did the same.
Did I have to cut back initially? Yes. Did I have to stop drinking alcohol and having meals out? Yes.
But I brought a 2 bed end terrace for 150k with a 10% deposit, as a single parent. Sold it 4 years later for over 200k and now brought a 5 bed detached house on a private road with my partner for 600k.

Little steps.
Big sacrifices along the way.
But with no parent support. Worked 2 jobs at times.

diktat · 22/07/2024 20:50

Fivebedexecutivehome · 22/07/2024 20:41

?

Yes?

Ted27 · 22/07/2024 20:48

@Fivebedexecutivehome

But not everyone does want their own 3 bed home with garden.
Some people don't want a garden, some people don't want 3 bedrooms , some people are happy with a flat. Some people are happy to rent.
A garden was very important to me, I wanted at least 2 bedrooms, I wasn't fussed about having more than one bathroom, utility rooms, ensuites. My 3 bed was cheaper than the 2 bedroom houses 5 mins walk away because they were in a street with trees and nearer the park
I'm at age where I could be looking at retirement flats but they are all more expensive than my house.
So I have a 3 bed house, for 20 of the years I have lived here I've had lodgers - now I have an adult son. So the house has always housed more than one adult.

voiceofastar · 22/07/2024 20:46

Fivebedexecutivehome · 22/07/2024 20:30

Bit Dickensian to have the kids in the same room with us, but thanks for your input

If you’re so worried about the housing crisis, concreting things over and carbon footprints, why did you have children? You do realise your children will want to have a home of their own one day? Or is that different?

Fivebedexecutivehome · 22/07/2024 20:41

diktat · 22/07/2024 10:43

Owning their own home shouldn't be attainable for single people on an average salary.

That's why there are schemes to help first time buyers, although some of them come with catches.

I still regret not buying a one bed flat at £200k with a £30k deposit as a single person through a scheme 10 years ago. That flat is now worth £600k+.

?

OP posts:
Ericablair0001 · 22/07/2024 20:40

I think lots of single people would happily live in small studio flats in cities, if the cost of them was low enough that they would have plenty of money left over to do things outside of those studio flats like go out for dinner, to the theatre etc.

But if you have to live hundreds of miles away from your friends and family in the middle of nowhere to afford to be able to buy at all, then yes, a house with a garden and a spare room is probably the minimum that you need to have a life that doesn't feel miserable. The space is sort of the consolation prize for being forced out of the city.

A policy that prioritised. converting big houses in London into multiple smaller flats, possibly by encouraging married people who work from home and don't need to socialise in order to try and meet someone because they're luckily enough to have already done so would help, but I'm not sure exactly what form that would take.

diktat · 22/07/2024 20:32

Fivebedexecutivehome · 22/07/2024 20:30

Bit Dickensian to have the kids in the same room with us, but thanks for your input

Even more Dickensian to say single people shouldn’t expect to have homes.

Fivebedexecutivehome · 22/07/2024 20:30

diktat · 22/07/2024 20:26

You should sell your house, you only need one bedroom.

Bit Dickensian to have the kids in the same room with us, but thanks for your input

OP posts:
diktat · 22/07/2024 20:26

Fivebedexecutivehome · 22/07/2024 20:12

Sigh. You're another one willfully misunderstanding.

You're right. Let us aim for 38 million houses, one for each adult, each of which can be bought for £130k (roughly 4 times the average salary). What a reasonable aspiration for the nation.

You should sell your house, you only need one bedroom.

VividQuoter · 22/07/2024 20:16

forgot to add: not even her income , much lesser one

VividQuoter · 22/07/2024 20:14

we have been living on one income ( SE) mortgage and all, holidays and a car, from ages past. Yes, you can do it

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