To think that buying a house was not hard between c2015-2020

[fortunatefanny]

I remember hearing about how hard it was to buy a house and how it was impossible to afford. Granted yes you need the deposit and yes house priced had gone up.

But friends who bought around 2020 and had the foresight for a long term fix have done very very nicely. One friend bought a flat on a 1.5% mortgage for 10 years. She has a flat mate in the spare room whose rent for the room pretty much covers the mortgage. Okay she is very lucky.

People buying today are looking at repayments of 2-3 times that.

Shouldn't this be in AIBU rather than Holidays?

I agree. It is financially harder.

It was harder then in different ways though.

I was getting onto the housing ladder through the time period you refer to, and have fears for my DD's financial security in the future.

I hope this thread doesn't turn into a 'we have/had it harder, you've no idea!' competitive slanging match.

Surely it’s all relative because those who bought in 1995-2010 had it even easier still!

Agreed. I bought my first house in 2018 and I don't think it was as difficult as it is now.

My deposit was low and I didn't even pay attention to the interest rates. Plus, the house I bought was worth half of what it would cost to buy now.

How on earth did I manage that? Yes sorry this was meant to be AIBU! Please could a mod move it?

I bought in 2019 on my single (lowish) salary and I feel v lucky to have done so. The stars aligned as we came into some money for a deposit and bought a cheap house just before the pandemic. Eternally grateful.

I believe that you have to contact MN directly to ask this.

I bought in 2000 . 28k, 0 deposit.