AIBU-Sick of the narrative that young people can’t buy homes?

[Henryhoover12]

I had a heated discussion with some friends who said it’s “impossible for young people to get on the property ladder these days”.If they do their parents either lent them the money, gifted them the money or they lived at home rent free to save up. It’s not just my friends a lot of people of this age go on about it.

As a young person myself I’m bloody sick of this narrative, anything can be done if your willing to make sacrifices and prioritise for your goals which most young people aren’t. I purchased my own 4 bedroom home at 22 (few months ago) WITHOUT any help from family and whilst paying rent on a flat WITHOUT help from my family to pay for.

I called out all my friends who are blaming how it’s going on their ability to stop online shopping for new outfits every event, going out for cocktails, getting hair/nails/tan done weekly, Taking flashy cars out on finance, etc. that if they stopped then they to could buy but I got told I was being extremely unreasonable and that it’s impossible, well is it or do they not just like to hear the truth.

OP, if you're married I hate to tell you this but there's no such thing as desperate finances.

To paraphrase MM we all have the same 25 hours so don't forget to have fun (and stop worrying about what other people are doing).

@Broads93

"Honestly I had no help whatsoever" sounds like bullshit but here we are. I'm so glad you're able to buy a house. There's people out there that can't even afford to feed their kids, never mind an inflated house deposit. People like you have never known poverty and that's great for you, but not everyone gets the same opportunities in life, through no fault of their own. You sound glad you've been dealt a good hand though, pompous wanker.

I agree

Some people have never been homeless or even on the verge of it.

Some people have never worried how they’ll feed their kids

Some people have never cut up pieces of bread to last the week

It shows a lot

Troll like goady nonsense

The figures don’t add up .. the story (ies) don’t add up

Sad little person who is getting their jollies by winding everyone up … and I doubt they are sat in a 4 bedroom house whilst they are doing it …

@goawaystormy maybe they bought a time machine as well

I purchased my own 4 bedroom home at 22 (few months ago)

But Op - you also apparently got married over 2 years ago, and had already bought your house then, so whilst still at uni! Which is it, 2+ yrs, or months ago. Or is it all made up lies?

Why do people spout such bullshit, without at least reading back their own threads!!

Wowee. He managed to find a new highly-paid job and work his (apparently short) notice pretty quickly. What a catch!

Is it no longer a requirement of university courses to be able to spell punctuate and write gramatically correct sentences?

£200k would buy you a studio flat here.

If you want a four bedroomed house, there is a 70s semi for £650k or a detached house with a bit of land for just under £1.5m.

We're not even London but about 40 miles outside. According to Yorkshire Building Society, these are the stats for our area:-
Average salary is £44,599
Average house price £541,352
Affordability ratio 12.1

What are the stats for one of the most depressed parts of Wales, Merthyr Tydfil?

Average wage £24,183
Average house price £95,955
Affordability ratio 4.0

So yes, based on those numbers I can imagine it is much easier to buy a house in Wales.

www.ybs.co.uk/mortgages/guides/homebuyers/uk-home-affordability/index.html

This must be a molly mae parody- isn't she 22 also?

I'm low income myself and none of my family has been to uni. My daughter is looking set to (unless something like disability or drastic life event happens in the next year) there's no inheritances here either.

I truly hope that when she's in a job she's worked hard for and is able to afford the nice things we can't at the moment she has the humility and empathy to realise how fortunate she is instead of looking down her nose and judging her peers who might not be in the same boat as her for just not working hard enough.

Not sure why you need a 4 bed, who on earth would want to live with/have a family with you? You sound vile. Perhaps you should spend all the spare money you have (now you don't have to save for a deposit anymore) by getting out of your bubble.

So, your point isn't actually that people can achieve anything if they work hard, but that a friend with a large amount of disposable income could afford to buy a house like yours if she prioritised? Because they're very different things.

@NoNameHere12

And for reference I bought my flat at 18 years old in north London-Top that then I’ll be impressed.

I came from nothing-and I mean nothing, my parents died and the estates were insolvent, their homes council property. I left an abusive home at 16 and lived in a mobile home (that I paid rent for) in a mates back garden.

You wanna know how I did that- I saved every penny because I couldn’t afford to spend it incase I ever needed to rent somewhere else or buy food-pure fear of the unknown would mean I was scared to part with any money I didn’t need too.
I also (and this is the BIG one) met my partner at just 17 years old (pure luck) and with TWO of us we bought at 18, sold it at 22, bought a house instead further out, that’s doubled in equity in the last 8 years. Doubled!!
I’m 35 years old, been with him for 16 years!!! We’re splitting up now, I have two kids, even though there is a lot of equity, I’m going to be worse off and not even be able to afford to buy a one bedroom flat with 2 kids- so it was all for nothing!! NOTHING!!

I would have been better spending all my money because at the age of 35 I’m starting all over again with 2 kids in tow now. It will be impossible (but I will tell god that I work hard though 🧐)

Stay smug op! It never lasts long.

You were a pretty impressive teen, so I can't imagine what you're capable of at 35. Whatever happens financially you sound strong and resourceful and a great role model for your kids. The best of luck to you I hope you catch a break.

Very naive statement.
Where I live you'd be lucky to get a one bed flat for £200k.
The same flat to rent is around £1000.
How would a single person on £25k afford to save ? Or even qualify for a mortgage.

I haven't RTFT but have read OP's responses. Something isn't adding up here, although I do note a reluctance for the OP to say how much they earn.

Let's do some basic sums. Average income for someone aged 22 is around 22k. On that money, you can borrow up to about 99k. Assuming you've saved a bit, and have a 10% deposit, you can buy a house in the region of 108k. The average price for a first time buyer (when you take London out of the equation) is about £210k. Even in the lowest price area, the average price is about £130k. So by that metric, no, young people cannot get on the property ladder easily at the age of 22.

Looking at the OP in particular, if they are on an average salary, to buy a 200k house, they would have to have saved half of it as a deposit. Even whilst "working hard since 16" that would require saving over £1,300 per month, every month since they turned 16. So I think we can safely assume that OP earns considerably more than the average wage for a 22 year old.

I mean, sure, your "friend" may well be using it as an excuse and could probably get a mortgage if they hadn't managed to snag what appears to be the only deal for an Audi on HP at 300 quid a month, but to extrapolate that to "Young people are......." is really wide of the mark.

A quick look at the properties in my area, there are currently 40 listed on right move. Of those, a young person on average salary could afford to buy about 8 of them, 4 of those need renovation. They are all 1 or 2 bedroom flats.

@BertiesShoes

I purchased my own 4 bedroom home at 22 (few months ago)

But Op - you also apparently got married over 2 years ago, and had already bought your house then, so whilst still at uni! Which is it, 2+ yrs, or months ago. Or is it all made up lies?

Why do people spout such bullshit, without at least reading back their own threads!!

Be reasonable. This one actually engaged and posted several more times to develop the character and drive it along. They're usually one pump chumps. This one isn't nearly as lazy as most of them.

Of course. We all have the same 24 hours after all 🙄

You obviously made the choices that make you happy so this isn't a criticism.. But as a rule of thumb I'd be a bit sad if my child was lumbered with a house/ mortgage at 22. It seems very parochial.

@User6397254

This thread is a load of old twaddle, on another thread OP has been married over 2 years.

Gotta be a tory-spad-bot. They're too dim to know how to name-change.

And the bot never did answer the question about his or her student loans. Because they don't exist, right?

Unhinged botting.

I just think young people want everything handed to them

Jeeeze. I'm in my mid 60s and I don't come out with this judgmental generalising shit.

If you wanted to moan about your friends, then you should have made this OP about your friends. Not make a ridiculous generalisation about young people.
My daughters are in their mid 30s. My eldest was like you..she always worked, always saved, and always bought supermarket own brand toiletries etc. She was 32 before (and with a little bit of help from me) she could buy her tiny two bed terraced house.

My youngest hasonly just bought at 33, with her husband, but had had to move further away to get somewhere even remotely affordable. Which means they can't have regular support with childcare from me, which would save them money. And it's a 2 bed and a box room semi.

You are exceptionally lucky and you don't even realise it.

So how about you go out and come in again. Make an OP about your annoying friends, and stop lumping every other young person in with them.

@Henryhoover12

I really do need to go but some of you do make me chuckle.

-can’t you use husband and partner interchangeably? I am married to him but that doesn’t change the fact he’s my life partner
-speaking of my other posts the nightmare neighbours moved thankfully and the new neighbours are lovely (and HAVE DOGS) and my husband/partner/whatever I can call him swapped jobs so actually we’re not stuck at all.
-this post wasn’t intended to come of smug but in true Molly mae fashion we all have 24 hours a day as Beyoncé and she purchased a mansion at 19 so why can’t you (this last bit was a joke please don’t come for me 🤣🤣)

Is your shift just about to start at the chippy?

The last bit about you being thick was a joke.........

@BoredZelda

It's not just the sums that don't add up (althought i'm very impressed with your maths on this, i don't have the patience to work that out. OP's own story doesn't add up. On another thread started by herself recently she says she got married 2 years ago and had just bought a house with her husband then. Yet on this thread she says she bought a few months ago and seperately to her H. Plus she says she's 22 and went to uni so if this is true and she did get married 2 years ago she got married and approved for a mortgage whilst at uni?

OP has spun a web of lies and i suspect the biggest 2 are her age and when she bought.

@Henryhoover12

Wait. So you had a partner the WHOLE TIME?!?!

So you didn’t buy it on your own?!?!

No shit!!!

Well that sanctimonious post is all bollocks then!!

Thank you @5128gap
you have made my evening.

It just hurts starting over again, it’s such a hard slog, just the thought of it all makes my toes curl.
When I blew my candles out, I wished to win the lottery 😂 We can only hope a?

:41darkNlovely

oviraptor21

You can get 4-bed terraced houses within commutable distance of London for £350-400K. They're not ideal locations or wonderfully appointed but look OK.
But most FTB should be looking at 1 bed anyway.

And how does a 22 yo acquire one the year after graduating, shortly after travelling the world, whilst also paying rent and living costs?

They don't. They work for 7 years like OP and buy a 1-bed flat.

@Henryhoover12

Honestly I had no help from my parents, they were never in a position to help me and so I was always raised with the mindset that if I want something I work for it. I agree it’s so much more difficult then before but if it’s all we ever know is it? we have only ever known house prices to be this much and so I always knew I had to work hard to get that and so I did.

Also I did make sacrifices but I never didn’t enjoy being young, I was at uni for three years and then I travelled for a bit. So it’s not like I stayed at home watching life go by to afford it

If you bought a house at 22 and travelled after university, how long did you spend working and saving your deposit?