To think that house buying is the norm in my world?

[Friendly1234]

NC’d for this, I was reading an article this morning about how ppl are finding it hard to get on the property ladder these days and I realized that literally every single one of my friends and family have been buying houses with relative ease for the past 10 years (I’m in my early 30’s!) so from what I can see it’s the norm to buy (and build houses) at around 24-26!! I wouldn’t say my friend have particularly high powered jobs either, most are nurses, teachers and have apprenticeships. A few even work in retail!!

Where are you based and what is the local job market like?

Is this real?

Why would you name change for this?

Have a second

Where do you live?

My DS is 26 and he’s buying his first house. It’s not huge but it is detached on good plot with a double garage.
If he earned less, he could still buy a flat. Lots of his friends and colleagues are home owners too.

The thing is, though, he lives in a cheap area. It is much more difficult for those in London, South East etc.

Depends where you are, I suppose.

It’s true there are areas of the U.K. where housing is still cheap and a couple on £20k each can easily buy a starter flat.

But I get that for people in the se that isa pipe dream.

Do they pay for them with !!!!!!!!!!!!!

I bet you don't live in London. Most of my friends and family own property, but usually not until around thirty and because they've been able to live with parents to save. I don't know anyone in my immediate circle gifted a deposit although one friend did inherit a decent amount when her gran died. Largely because her grandmother bought a house in a nice part of London on the 1940s that's now worth more than she ever would've dreamed. We're in the South east.

It's the deposit that's a problem - if mom and dad are generous and have a spare £15k lying around, it's easy to get on the property ladder.

That's nice

I think it’s still very possible to own a home as a young adult. It takes hard work, dedication and effort but most people are willing to do what it takes.

The ones who seem to moan it’s impossible barely work if at all, have children, want an expensive area etc. They put other wants before home ownership and then blame it on everyone else.

It depends what circles you are in. Everyone I know buys, but I know of hundreds of properties for rent in my area, so someone must be in them!!!

Where are you based? We bought our first at 25 but it wasn’t the norm and it was one of the cheapest houses in our town at about £300k. Lots of my friends still rent in London or own rentals elsewhere but don’t own the home they live in.

The idea of 24/ 25 year olds being saddled with a mortgage depresses the life out of me. Housing is affordable where I’m originally from but at that age I would want my kids out living their life..

I bought age 30 when i moved back “home”. My tiny flat cost 3x my salary. I was in London in my 20s where a tiny studio would cost 10x my salary!!!

Are you in the north maybe? Practically no one in my circle of friends (late twenties to early thirties, london based) owns their own home, apart from a couple of people who's parents bought them a flat.

To be fair to OP, while I appreciate there are a lot of places people can't afford to buy, I live in the Midlands average house price around £210,000 I don't know anybody in my circle that rents.
Most of us bought houses mid to late 20s ( so around 5-10 years ago) are all teachers, nurses and middle managers in private sector.
That said we all also stayed with parents for a couple of years to save deposits - I think never moving into a rental house isthe key to being able to save enough (as long as you live in an area where upto £30,000 deposit is enough)

You've only just learnt that there is a housing crisis and that huge numbers of people are struggling to get on the property ladder? also what is you AIBU?

In my personal experience most of the people I know who got on the property ladder young were helped a great deal by mummy and daddy.

All of my school friends bought property between the ages of 23 and 28, and every single one was given a hefty deposit by their parents (myself excluded). I live in a nice part of NE Scotland where house prices are fairly high.

Also if you work in a less high-powered job then you've probably been earning since you left school. When I was in my mid-twenties I was still at university and didn't have a salary, so would have had no chance of getting on the property ladder.

Yes more north, I really don’t think it’s abnormal most of us are 33/34/35 now and married with houses and children. A lot of us were married and bought a house in the same year (age 26/27) and only one of them had a gift of 10k from a gp.

If you started buying houses 10+ years ago there’s really no comparison.

It’s far easier to move within the property market than get a foot on the ladder.

I don’t think that’s a difficult concept!

We did buy a house last year when I was 21, however we live in Essex so our very small and unremarkable property cost 250k.. we were luckily gifted some deposit and had saved for 3 years to have enough to put down and also are both in decent wage jobs. We are an absolute minority round here, most people our age cant even dream of buying something, especially not on their own! We had so many sacrifices to get here.