how on earth do a young couple get a house budget of £950,000 in escape to the country?

[ssd]

what on earth do they do?

Good job, inheritance or lottery win?

I always wonder that. Them and the retired dustbin man an part time lollipop lady with a £500,000 budget who want to downsize to 5 beds and a pool. I'm well hello because I'll never have a sniff of that much money!

I always wonder that, and it amazes me how people on these shows apparently struggle to find a home in their area of choice. Maybe a case of attention seeking and "ooh look at us and how much money we have to spend on a house"?

Well jel, not hello!

I smell a lot of bullshittery on those shows. I'm pretty sure a % don't have the budget they say they have.

I used to watch that and it is extremely rare that they buy anything.

Location location location they usually do buy though, and they often have young people with big budgets. I'm always curious (nosey) as to how they can afford it!

They never buy anything. They're stooges.

depends what you mean by young - if you're mid 30s with no kids and you did 1 degree, you've had 14 years to build a decent income, if you do IT, legal, accountancy, account management you would be at least manager level at that point if you're good and a senior manager if you're brilliant. Just about do-able. Throw in some oldies who will help with extra deposit and voila. House price madness...

Inheritance I would say. I'm sure people wonder how the fuck we afforded our house (although its not quite worth 950 grand!)

I hate the young uns.

Two of them with a baby and they are sniffy about the house only having 7 bedrooms. If the presenter tells them that there is not enough land for a bijou glamping business and a helipad they immediately have faces like a sack of spanners.

A fair few are moving from London though - I suspect some where just lucky and got in their before it went crazy

*there

Inheritance, making money on property by moving to cheap area, high mortgage, knowing someone who can sell them cheap interest mortgage.
parents/ grandparents giving deposits. Good jobs, living frugally.
lots of ways to get money.

Interest only mortgages I reckon......do people still have these?

When I met my husband I had £220k in the bank by virtue of the fact that my Dad lent me £10k to buy a flat in London in the 90's. If he'd had the same good fortune combined with his salary today and mine if I'd not given up work to have kids that sort of property wouldn't have been out of our reach. Some of its luck, some of its circumstances, some of its sheer hard work or life choices.

Nazi gold.

I was wondering the sand too, I watched it yesterday. I suspected they inherited a 2 bed flat in London which is now worth £950K!

It's stupid prices in London isn't it plus the bank of Mum and Dad. We live in the NE, according to Zoopla our 3 bed detached house in a nice area is worth a massive £56K more than we bought it for 12 years ago. On the other hand my brother's 2 bed flat in the east of London is now double what he paid for it 5 years ago. And 5 years ago it was worth more than our house is worth now.

thatstoast

My nephew & his fiancee are both early 30s (no kids). She bought herself a 2-bed flat in London 5 or 6 years ago (don't know where), probably with help from parents.

She has sold that & they have just bought a terrace in Walthamstow for about £700K - fairly hefty mortgage, but affordable on 2 decent salaries.

It's just right place, right time, isn't it. It'll probably be worth 7 figures in a couple more years .

Only child of only children - inherited granny's little Chelsea maisonette.

We have a budget of about £650k for our next property and we're keeping out current house (worth around £300k), so it adds up to around the same.

My DM died 18 months ago. I'd swap it all for extra time with her.

I know someone who went on one of these programmes. They really enjoyed their free trip to Florida.

retired dustbin man an part time lollipop lady with a £500,000 budget who want to downsize to 5 beds and a pool

Just more shit put out there to think you need to keep up....

Build more council houses. Really.

Do you really think Brexit will fix it? deluded

thatstoast - 29/4/19 @ 14:46 fuckin' hilarious