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AIBU?

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Spending my life savings on a total dump

128 replies

Amycakes · 03/06/2024 18:08

I'm 38 and have been saving for a house deposit for 16 years, since I left uni. I've sacrificed holidays, parties, weddings, hobbies, other opportunities and even friends to prioritise saving for somewhere to live. Me and my partner need to move out of our rented flat soon and we've started looking at finally buying.

We've viewed 10 places now and they've all been really horrible. I'm completely disheartened. The houses within our budget are in worse condition than any dive I've ever rented. We do not have, and will never have, thousands for getting rid of damp or asbestos, or doing the major renovations these properties need. Properties in our budget are also in quite rough areas, miles from anywhere, no services, no public transport. A lot of them have been on the market for ages, they can't sell. I love cycling, and bike everywhere, but I'd have to give that up entirely. We're looking in undesirable commuter belt areas that are 'cheap' but we would be miles away from friends and family. Also far away from train stations so my commute will be about 3 hours round trip (2-3 days a week). But I don't think I can face being so isolated and car dependent? We were hoping to have a child but I can't see us comfortably raising a baby in any of the houses or places within budget.

The whole thing is just so depressing. Is this normal for FTBs? I wonder if it's even worth buying at all and if we should just blow our deposit money on travelling or something, stay renting a flat, and forget having a family.

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kalokagathos · 04/06/2024 13:21

@Amycakes - we ended up in Maidstone but West Malling, Allington and Bearsterd are nice as well as East Farleigh, Cobham and Meopham, Rochester.

DoingJustFine · 05/06/2024 23:57

Dinosweetpea · 04/06/2024 07:29

You need to broaden your search area, I'm a 45/50m commute to Marylebone, 450k would.get you a 4 bed house with a study and garden. Beautiful villages, plenty of local amenities (we are 20 mins to Oxford)

Where is this magical wonderland??! I’m in Berkshire and £450k here would get you a 2-bed terrace on a nice road, or a 3-bed semi on a bad road. A 4-bed detached house here, with a good garden and a study, would be £750k+.

Amycakes · 06/06/2024 19:33

I was also wondering this @DoingJustFine , I know the areas surrounding Oxford are super expensive.

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