I need to start this off by saying we’re in our first property and I feel incredibly grateful that we even have that. I spent many years convinced we’d never even be able to buy at all. So I’m really hoping I don’t come off ungrateful for what we have.
However. We’re both 40. We just bought a two bed flat and we have three children sharing a room. Our eldest is boy and we have two younger girls. DS is just turning 8. I reckon we have a few years here before we completely out grow it.
We got this place quite cheap comparatively. It was a bit run down and other identical flats in our estate are on sale for about 70k more. So I guess I am hopeful that when it comes time to sell, we will be able to build up equity. We’re in south London and prices have continued to steadily rise despite what’s happening at the moment.
But this does mean that when we need to upsize, everything else will be a lot dearer too. Three bed flats or houses round here are 450-500k. Even with a (very optimistic) 80-90k deposit, with our age, I can’t see how we’d get the mortgage needed.
DH and I have talked a bit about the future - renting a bigger place or us sleeping in the front room for a few years to give DS some privacy until we can move. But I just feel a bit depressed and despondent about it. We’re kind of tied to this area because of DH’s work and plus we’re settled in schools/ friends. I’ve gone from feeling so lucky and thankful to worried about how we ever better things for ourselves.
Please or to access all these features
Please
or
to access all these features
Join our Property forum for renovation, DIY, and house selling advice.
Property/DIY
Feel a bit depressed and worried about the future
34 replies
GorgeousLadyofWrestling · 08/10/2020 17:58
OP posts:
Don’t want to miss threads like this?
Weekly
Sign up to our weekly round up and get all the best threads sent straight to your inbox!
Log in to update your newsletter preferences.
You've subscribed!
Please create an account
To comment on this thread you need to create a Mumsnet account.