Who here thinks they will never own a house?

[charliebat]

Me...but what does that mean for when me and dp are old and diddery and still have to pay the rent?

Me.

Well, that's not entirely true. I will inherit enough to purchase a house outright here in Edinburgh upon my father's demise. I know b/c I have seen his will. BUT that is NOT something I like to think about, b/c I love my father very much and hope to have him around as long as possible.

To me, it's not worth living in a really bad part of town in some dive just to say we own it. Especially not now that our daughter is going to start nursery next year.

We have before, as renters, and it was the most depressing, sad part of my life.

That's just not worth it to me. I'd rather rent.

There's a good chance things will be better once I finish my training, but it will mean relocating out of town.

when we brought our first house 7 years ago it was only 63,000 for a lovely 2 bedroom new build, we sold it for £140,00 2 years ago and it has just been sold again for £168,000. i can't beleive it, it is ridiculous, i did feel guilty at asking the £140,000 for the house when we sold knowing how much we had paid for it.

i do feel really sorry for first time buyers today, espaecially those who live in the south or more affluent areas of the north and scotland where average house prices are way over £100,000, speaking form personal experience as well shared ownership with a local authroity or housing association, isn't always what its cracked up to be either. they do make it affordable to get on the property ladder, but make it increasingly difficult to sell. my friends are stuck in their sshared ownership, because the housing association say it has to be sold through them and so far in three month they have had one viewing. our first flat was shared ownership and was almost impossible to sell on, in the end it was sold and we broke even. we rented for a while aand then brought our first house.

i also worry for my children, we will never have enough money to give/lend them the deposit on a house as it would now be tens of thousands as opposed to the £3000 my parents gave us!

Our shared ownership schemes aren't very good here at all. And there's next to nill shared ownership properties here for sale, anyway. Scotland's property laws are different from England and Wales, so no one is compelled to implement shared ownership schemes.

The right to buy, however, has been suspended in many, many councils b/c there is now a very accute lack of homes for affordable rent.

"If your house if worth double now...unless you have paid off your morgage and will never move again its not really much use is it? "

• if it's worth double - and you've only paid off even just a few years - you CAN move again (well we did). You can use the new equity on your house for the deposit for a new house - and get a better area/bigger house.

"To me, it's not worth living in a really bad part of town in some dive just to say we own it. Especially not now that our daughter is going to start nursery next year. "

For us it was worth it - we'd still be stuck in rented properties, paying twice what we pay on the mortgage (and still have been in a cr*p area LOL). I feel it was more than worth it.

My parents sold their house in Bedford 2yrs ago and moved back up north. Unfortunately my dad spent ALL of the money they got from it setting up his business, and they're stuck in a completely unsuitable rented property (it's got 12 very steep steps up to the front door - my mum has Parkinson's Diseas and Osteo-arthritis......) with no hope of moving anywhere suitable and time soon (they're on the list for a council bungalow - but that could be years away).

My Dad's biggest regret was not trying to buy a house while they had the opportunity (and it's cause many an arugment between us all too).