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.

@Player20868

You've mentioned you worked hard for 7 years but not what you worked at? I''m very curious about the job you managed to find, in Wales, alongside studying, that enabled you to have such a great deposit.

I’m guessing she’s a nurse or paramedic judging my her posts.

YANBU
Especially as you bought in Wales, presumably you have a mortgage and didn’t buy outright.
Young people do waste their money on phones, clothes, holidays and crap!

Did ye aye?

That’s easy to say when you’re buying in Wales.
If you bought a house with a partner then that is relevant as you only needed half the deposit.

Comments like the above are just how house prices work though. I don't think anything could possibly change that.

I say that because a house is only worth what the average house purchaser in the area can afford - because their are a limited number of houses.

So if you live in an area with higher average incomes (ie. London) - then house prices will be higher. And vice versa.

Likewise a single person will always struggle to buy a similar priced house to a couple; unless they earn double the average for the area - because they will be competing against couples when bidding.

It might not be fair but its simple supply and demand economics; and we have to cut our cloth. So a single person should probably buy a one bed flat or studio rather than a house when starting out - or go for shared ownership; and if your profession is not high paid and you live in London - then you should probably leave for a cheaper area.

Well, my childhood 3 bed home is currently on Zoopla for £150k. The one bedroom flat I rented at 22 is also on the market for £375k. Different cities. Depends on where you live, what you earn, if you have university debts and even things such as if you paid for your own driving lessons or saved the money because your parents paid.

I wouldn’t give you a medal for saving £20k while working for 7 years, then getting a £130k mortgage while earning £32500 a year.

I would definitely give you one if you graduated at 22 after finishing a degree and PGCE, earn 30k as a teacher in London and bought a £200k flat in London the same year.

You’re married with a mortgage on a 4 bed house at age 22. I would say that’s nothing to be proud of… well certainly not as gloating as you are. You think you have it all figured out but you’re missing out on the best years of your life as a sacrifice. Sounds to me like your friends are a hell of a lot more fun. I had a friend who was super eager to settle down like you and (no judgement) she ended up divorced and starting again by the time her twenties were out

I don’t mind hearing about it - but I do object to being blamed for it, as if I was given a “shaft the young” box to tick in a vote at some point, and every single person my age conspired to rob the young.

YANBU - I bought my first (5 bed) home at 22. It was hard, but possible.

@Ozanj Thanks; I guess that' level of saving in that location over that time period is certainly possible, then.

I grew up in a part of the UK that was known, once upon a time, for having relatively cheap houses, but very, very little work, but now live in a part of the world that is much, much more expensive (and there's STILL very, very little work!). Flats where I grew up are now in the £80-£90K range but I wouldn't recommend living there. I knew the world had gone mad when I started seeing single garages and caravans near where I now live for the same price.

if your profession is not high paid and you live in London - then you should probably leave for a cheaper area.

So London should have no teachers, nurses, cleaners, shop workers, bar staff?

*That’s easy to say when you’re buying in Wales.
*If you bought a house with a partner then that is relevant as you only needed half the deposit.

Comments like the above are just how house prices work though. I don't think anything could possibly change that**

This isn't a thread about how house prices work though. This is a thread where the OP is claiming that buying a house is easy if you just save a little and anyone can afford to buy a house if they work hard enough. Therefore that comment is completely relevant to point out the he OP that her situation is very niche and the world isn't a black and white. That she's actually being really naive and rather than being smug and self congratulatory she should just be grateful for what she has and not shit on other people for not 'managing' the same.

That is if she's even telling the truth which, judging by the fact her other threads completely contradict this one, is highly unlikely.

@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 🤣🤣)

They’ve moved? Gosh! They must miss their extended family who were all living in various houses where you live.

And you can afford a dog? What a luxury!

On your neighbour allergic dog thread in mid 2021
you mentioned you’d lived there a year - time must be different in wales!

ok Mollie May

Can't be bothered to read thread.

Can anyone confirm whether goady and smug op finally revealed

• how much they earned
• what they paid for their house
• how much deposit did they put down
• how much rent they paid while saving their deposit?

Because otherwise this is all a bit pointless.

All the Londoners are triggered 😂

@AgrippinaT

All the Londoners are triggered 😂

I think they would be….if only this were true.

You can buy a 4 bed house for £100,000 or thereabouts in parts of wales this is within commuting distance of Cardiff www.rightmove.co.uk/properties/118460105#/?channel=RES_BUY

This is a thread where the OP is claiming that buying a house is easy if you just save a little and anyone can afford to buy a house if they work hard enough.

Yes because anyone can buy a house if they work hard enough (ie. get a NMW wage job fulltime) and live or move to a super cheap area & undesirable area. Thats a sacrifice most are unwilling to make, but its a choice.

So London should have no teachers, nurses, cleaners, shop workers, bar staff?
This is hardly going to happen because as many have said on the thread they would rather rent in London than buy in Skegness. Thats a personal choice etc. It is about priorities - some prioritise London life more than home buying but you then cant complain you haven't bought a home.

I was born in London, I grew up in an area which over the last 20 years became very 'naice' indeed - I am not owed an affordable home there regardless of my profession.

Well, OP's message certainly got watered down once it came out that she's already married and buying in Wales... obviously that is not the scenario people are talking about in most cases.

I call bullshit

@LemonSwan do you not see what would happen if everyone went and bought elsewhere though ? Those places would go up its called supply and demand and also many of those areas do not have a load of jobs
Some stay close by to look after relatives etc
And my family born in cornwall why should they not be able to stay were they live and by family because second home owners have priced them put
We can't all just up and leave for many reasons and like I said if we all did prices would go up drastically

Is anyone else more concerned about who looked after the OP's dog while she went travelling for a year, during COVID?

OP what was your deposit contribution and what was your OH's contribution?

Also you do realise that applying for a joint mortgage with both applicants earning money, the banks are clearly going to offer you a much larger amount of money than your single friend would get?

@CurzonDax

Is anyone else more concerned about who looked after the OP's dog while she went travelling for a year, during COVID?

I imagine the dog had to pull itself together and find a well-paid job. At first it had to share a trash can with Top Cat as sleeping quarters. But after a reasonable amount of time, maybe around a few days, DDog has saved enough for a deposit on a detatched kennel in Kensington.

As for Top Cat, well, still in the trash can with Benny comparing tan lines and microblading.

[quote worriedatthemoment]@LemonSwan do you not see what would happen if everyone went and bought elsewhere though ? Those places would go up its called supply and demand and also many of those areas do not have a load of jobs
Some stay close by to look after relatives etc
And my family born in cornwall why should they not be able to stay were they live and by family because second home owners have priced them put
We can't all just up and leave for many reasons and like I said if we all did prices would go up drastically
[/quote]
And my family born in cornwall why should they not be able to stay were they live and by family because second home owners have priced them put
Totally agree! Why should I not be able to stay in my childhood area now surrounded by Chelsea football players for neighbours? There not even their second homes - probably more like 'weekday during training season homes'. Its bloody outrageous. If you get the issue resolved please let me know. I can assure you I will be happy to claim one of these properties! No arguments there

When I bought my house I was earning £20k & my house was 34k. That house is now worth £120k but I still only have £20k coming in, how am I supposed to buy a house? The only time I will be able to buy a house now is when my mum passes away & I inherit half of her house.