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

I don’t think the house prices are funny, I’m angry about it all the time and scared for my kids futures but can’t do anything to help set them up because my outgoings are so high. We haven’t been abroad since 2016, we never eat out or have takeaways, shop on Vinted, keep family days out to forest walks and picnics to save money. You’d be shocked if I told you how much money comes through our household yearly, it doesn’t equate to how we live. It’s the OPs deluded post I thought was funny, like she’d done something special to beat the housing crisis and we could all learn from her ways

Why do you all live in an area where you can’t afford to do a normal thing like by a house?

Why live there?

So why aren’t you?

Totally normal and do-able depending on where in the country you live. Impossible for London.
Daughter works in the city and earns very well and could never afford to buy alone… she could easily buy a house elsewhere…. 🙄

Because we live and work here, as does our support network

Well she has. She’s decided not to live in London or the SE which, I’ve learned from this thread, appear to be over crowded, over priced hell holes where children all leave home as teenagers and pay thousands to live in a house with strangers until they’re in their 40s.

Then scrape a mortgage together for a studio flat and take 30 years to pay it off, while going on forest walks, buying second hand clothes, having endless picnics and never doing a normal thing like having dinner out!

At the same time they laugh at and mock people who live in other parts of the country, are mortgage free in their 50s, let their children stay with them and save up for a deposit so they can by a house in their 20s and be mortgage free when the the people laughing at them have just managed to get one at 40!

Its madness.

Cant make sense of it.

The OP definitely wound 'em up and watched 'em go. Then went herself.

I couldn’t live like that. Im sorry you have to.

I’m not surprised she went. She’s proud of her children and has been polite throughout while getting mocked for it.

Leeds is indeed lovely. I went to uni there. As you probably know though it’s a big county and Rotherham is not quite Leeds!

Do you not think that’s like a Scottish person saying “well Glasgow is not quite Edinburgh”?

Who cares!

I bought my house 27yrs ago

for £81k - now worth £425k

south east prices are insane . But what we are used to. Seems madness to me that a house can be bought for just over £100k nearly 30yrs later

wonder what it cost in 1999 - £30k?

.

Don’t know what you mean, sorry.

I really don't understand why so many posters are so bitter and mean. When did people start begrudging others doing well?

It's a very unattractive personality trait; and envy and jealousy won't do you any good, anyway, as you'll just end up bitter and twisted.

It's much better and healthier for you to be happy for others' success.

@joezoealfiecasperoli thanks for a nice, positive post. I hope they both do well and stay happy.

I wouldn’t say that’s true. Living at home is considerably helpful in today’s economy. Help can also be circumstantial.

Why would anybody’s lived experience be more relevant than statistics?
Yes there are many factors other than price. Possibly even more relevant than price. But anyone’s anecdotes about their own experience are just discussing some of those factors rather than a gotcha for others in completely different situations.
My experience is as a parent in Surrey. I’m well aware it is not going to be the nationwide experience.

My anecdote is actually a good one. My daughter has followed me into the same exact job. My ex had the same job. She is 23.
We bought a 2 bed terrace on joint income when we were 25 and 29 in 1994. We earned 17k each. She earns 42k. We paid £87k for the house. It would now be £575k. So we paid around 2.5 joint. If she bought with a partner in same salary for 2.5 x joint they could raise around £210k. That would get a 1 bed flat.
She works just as hard and saves just as hard but I don’t blame her for living at home and going on holidays and enjoying her life rather than investing in property at this point. If we lived in Rotherham she would be buying a freehold house. She couldn’t earn £42k there. Plus we live here!

The faux naivety of essentially saying my kids did it, I hear it's hard, I don't understand why, would you like my help.

When the answer is: live in the cheapest area of the country, be gifted min 12k by being able to live at home, and have a long term partner at 21.

I think everyone knows that would allow you to buy a home young. But very few people are able to be in they specific situation. So it's not really helpful.

I don’t believe its showing off or that its being removed from the housing crisis that they don’t know what it is. I am very aware of the housing crisis and the impact it is having on certain parts of the country.

However in many parts of the country its not the same, as illustrated by the housing prices i have stated give or take as obviously this still varies.

Combine them prices with average wages (eg those in the public sector/ local authority/ trade) so say Police, health care professionals , teachers, social workers who if they follow a linear route- uni at 18 finish at 21 and go into a job which starts around £30,000, save a 5% deposit and potentially buy with a partner home ownership is relatively achievable, if your not in the south east. Thats not saying people don’t struggle or being removed from the problem

Ironically yes 😂 exactly what my parents paid for their house 1997 … now worth in the region of £150-200,000. They sold a terrace they had bought in 1991, bought for 14,000, sold for £23,000.

It is, but here on MN you are supposed to send your children off to university at 18 and that’s when the support ends, people on this site resent the fact that some adult children are still living at home and are given a helping hand of paying a low amount of rent to enable them to save for a deposit, we are supposed to throw our children out at 18 and let them stand on their own feet as they are now adults!

I have total admiration for all young adults who are working and saving for their own home.

it’s a shame when you are on a parenting site and adults( the majority who are parents) can’t just be pleased for others doing well in life.

Because it's where my elderly parents live (both have been seriously ill and needed me in the past 12 months), where my job is, where I have lived for 35+ years. Where I bought a house with my ex (we started in a 1 bed flat and worked our way up).

Due to divorce I lost a house I owned and couldn't afford to get back on the property ladder or even rent on my own. I live in shared ownership and can't see myself ever being able to buy a property outright in my home town and moving to Barnsley isn't an option when my job, family and life is in the South East.

People need to take their blinkers off, there are many reasons people live where they do. The housing in the South East (and many parts of the South) is ridiculously expensive.

If one more person bangs on about London and the SE ...