Both my dc bought their own houses at 23 AMA

[joezoealfiecasperoli]

I hear a lot about this generation not getting on the property ladder and it is a big problem. I was amazed when both dc finished uni, got jobs and bought houses within 2 years of graduating.
To avoid drip feed
Yes they are mortgaged
They both bought with partners

It’s a small town with great links to other areas😅 . And someone up thread just reminded me Wentworth is part of Rotherham (I thought it was Doncaster) and wentworth is lovely.
dd is in a new build the estate is lovely

With the government top up, I imagine not much more.

Furniture is a bit of an optional extra initially. I moved in with a camp bed, a carpet and a kettle. No appliances.

Theres just no real need for this to be a thread on here 😂 what does she need advice on or help with? Nothing it’s a oh look at how great myself and my two adult kids are

It's AMA not AIBU. OP doesn't need help. She seems pretty sorted as do her DC.

Whilst I admire them and wish them luck this is in no way comparable to other parts of the country. I live in SE London where in less salubrious parts you are looking at £275-300k for flats let alone houses. And in the naice areas houses start at £500k+. We can’t expect all FT buyers to move way out of London to buy so I am not sure what this post shows other than what we all know which there is a bloody great gulf between North and South. I have no idea what £175k buys in Rotherham, ex LA or a Mansion? But it doesn’t translate down here.

You know the area really well then OP if you thought Wentworth was part of Doncaster considering the history of that area is almost based on Wentworth Woodhouse.

Both mine were homeowners well before 30. Daughter probably 23/4.

Both are in tenured employment in the public sector and have partners in stable jobs.

A Grandmother who put money aside for them helped a lot too!!

It’s an AMA not an advice post

I think the point is being “amazed”
at her kids getting on the property ladder at 23 when it’s generally a big problem for that generation.

But when the house prices are £130k it’s not amazing. It wouldn’t be a generational problem if house prices were at that level in more places.

Your 4 bed detached house is worth £200k?

That’s a nasty post did you mean it or are you a troll?

£250k we bought it about 15 years ago for 135k

@LarissatheDragon I've lived in the region all my life. I have been burgled once, over 20 years ago & my street is low crime & people take pride in the presentation of their houses. The crime rates you quote will be affected by particularly rough areas experiencing a lot more crime & I feel safe to walk down my street late at night.

Yeh £250k sounds average for the area, I thought £200k seemed low

They're in their 20s!! No-one is saying they're going to live in those houses forever.

In any case, why would bigger houses be better? Neither Barnsley or Rotherham are especially small as far as towns go and they're close enough to Leeds, Bradford, Sheffield, York, Wakefield and even Manchester to make days out to these places a weekly or even more frequent occurrence.

That's several national museums, big concert venues (Barnsley has its own theatre that hosts many 'national' touring performances), countryside, history, Yorkshire Sculpture Park and the sculpture triangle, home to some of the country's most prominent artists, coast not far away, good transport links, I could go on.

Yes and these days you can get most things for free or practically free on freecycle/fb marketplace etc.

When we bought our first house in the early 00s we had no money for furniture but were given most things we needed second hand by various people who were upgrading/changing their furniture.

Trouble now is young people want the instagram lifestyle and won’t make do temporarily.

Quite. Its their first home and if they were not paying a modest mortgage they would be paying rent.

There is nothing to stop them partying, travelling or doing all the other things young people do - they bought a house, not five kids with it.

Those house prices aren’t reflective of what some young people are facing to stay near family and work.

What's wrong with that?

It's an AMA thread!

True, but its still tiresome to see all the ill informed 'it must be a crime ridden shit hole with no jobs or culture if property is affordable' posts from people who have clearly never visited Yorkshire.

So you buy a less than perfect house in a not so good area. Then upgrade later.
Not being able to afford the perfect house as a ftb is not a new phenomena

It’s not even “some”, it’s most - 66% of the population live in the south or the midlands.

Im not sure whether to categorize this as a none thread or the most cringey one this weekend. It’s not rocket science that it’s way easier to buy property in cheaper parts of the country. The faux surprise / outrage that London is expensive than most areas in the UK was the cherry on the top.

I'm amazed that there are still parts of the country where you can buy a whole HOUSE for £130k or £170k!

Obviously it's wonderful for you and your family that your DDs have been able to get their first homes. But it's much more expensive for other young people living elsewhere.

Where I am, one bedroomed flats are £300k+, two bedroomed flats are £375k+, two bedroomed houses are £425k+. I'm not even in the South East.