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

Thanks for bringing a new element to the thread. New, as in, “cancel the cheque”.

I’ve been to Rotherham - would rather rent anywhere else than own there. I value my children and that place is horrendous

There’s a reason it’s cheap in Rotherham. Fuck living there

It really depends on what area you live

by your other comments it looks like you live in a cheaper area

it also appears your kids were able to live at home to save

If you don’t live at home with parents at that age it would be difficult to save with the price of rents atm

What are you trying to gain from this thread OP?

I live in the North too and it is very usual for young people in quite poorly paid jobs to own their homes. So different in the south east. They save by living at home for a couple of years first.

DS (24) is looking to buy we've been ti view a house today.
Hes been saving since he was 17 and is buying alone.

We are south West in a popular holiday area

What is it you don’t like about it? Genuinely curious?

Were yours not?

She’s left the thread. No wonder!

I don't really understand why you're doing AMA ...it comes across very gloaty. Your DDs have
bought in the North...so much cheaper, they lived at home to save a deposit, the took full advance of a government scheme, and they bought 50% of a house ..what's there to ask,?. As it happens my 23DS has just bought his first house in the South, on his own, but he had a massive deposit from an inheritance from his GD & help from us ....the fact is no young/slightly older person can get on the housing ladder without significant help along the way ...end of story

I did.

How long ago ?

YEARS. The point is that some young people can. This seems to be a London/SE problem. I feel sorry for them. The house prices are ridiculous. I’d hate to live there.

Exactly, it's impossible without massive help, which most young people don't have. I absolutely feel so sorry for young people, they leave University education ( if that's the route they choose) with £60k debt, then it's expected they will be in a position to buy a house...how the hell will that happen? Rent is so high, uncertainty with the rental market, it's rubbish... they really have been handed a shitty set of cards unless you are given a huge amount of help

This is hilarious. We had to save a £130k deposit to buy our small house 10 years ago and still have an absolutely massive mortgage, way above the value of either of these houses. . We’ll be paying it off til we’re 70. I don’t think the house ownership crisis relates to the market your children have bought into. A house round here hasn’t been £130k since probably 1990

The other thing I love about living in Scotland is that uni is free.

I think our young people have it easier tbh.

I agree with you ❤️

I don’t think it’s funny. You should all be up in arms about it. People in the rest of the country can actually afford to live normal lives!

thats quite rude, clearly the area of the country you are in is pricey which is unfortunate for you. Where i am a 3 bed semi- detached ranges from 150-200,000 , terraced houses start around 75k-120,000 and 4 bed detached newbuild is 250-300,000. I live in a nice area, nationally recognised as a nice area just not in the south east.

So the houses were £130k and £170k is that right ?

here in south east that wouldn’t even buy a one bed flat

but well done them

i brought my home at 26 tho it’s 5 times the cost now

This!! Nothing less than £250 for a 1 bed where we live!!

What’s rude? I’m saying it’s hilarious that someone should show off that their daughters have managed to beat the housing crisis but the reality is they are so far removed from the housing crisis they clearly have no idea what it even is! I’m not laughing at the
price of the houses, trust me I’d much prefer a house that price, I’d be living a fabulous life and setting my kids up financially too

Weird AMA. There’s only a limited number of things anyone would want to know, which you could easily just tell us in one short post. Income, area, house prices, any other factors allowing them to save more or less of their income. Job done. AMA 😂

My DC bought their first homes on their own when they were 24 .DC1 bought a 3 bedroom flat and DC 2 bought a 2 bedroom end terrace. DC2 had a Lisa and used savings to put down a substantial deposit,and paid off their mortgage by the time they were 30.
Both DCs now live in properties they bought with their partners.