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?

[MunchCrunch01]

you know why the retired folks are like that, it's because they couldn't afford to buy that sort of place when they actually had small kids. Both our P in their late 60s live in huuuge places that they didn't own when they actually had children. It's pent up demand for the forever home that means people consistently get the wrong house at the wrong age.

[dailyfailrag]

My friends are early 30s and buying a very posh house in the country. They're both ex-Londoners. She inherited a small flat and her DH brought one at quite a young age in an area that was shitty at the time and is now massively gentrified. They don't come from rich families or anything, they were just very lucky and can now cash in on the property boom. I'm jealous because I'm going to be renting forever!

I don't understand why these older couples buy a big country pile either. I'd rather buy a nice villa with a pool and spend my retirement in the sunshine. Rural life has got to be a bit grim unless you are very active and outdoorsy. My GPs retired to a semi-rural area, and my grandad's eyesight started to go after a few years. My grandma couldn't drive and there was one bus a day, so they were buggered. They had to rely on the family taking them everywhere and it was a PITA to be honest.

[mollie123]

YY - the retired couples seem to be rather naive about the reality of rural living.
Acres and a large garden need to be cared for (and animals are a tie)
What is the point of large house with 5 beds and umpteen en-suites when the reality is their family will visit a few times a year (at best) as they have their own lives to lead
They will need to drive everywhere as rural public transport is rubbish
They do not need a dining room for 'dinner parties' (this applies to younger 'escapees' too) as rural dwellers go to bed early
You cannot just use the field behind the house (unless it has a footpath) to exercise your dogs as it is likely to contain a crop and/or animals not to mention an irate farmer.

[Ffffffftttttttt]

Going off track...
I enjoy the retired couples (also with £££) who want "at least 3 acres", "rural", "5 beds", "huge open plan family kitchen/diner when 1. In a few years they won't be able to manage the garden 2. When one dies or gets sick they will be stuck in middle of nowhere with no neighbours, shops or public transport. 3. They live alone, the move invariably takes them miles away from any children they have, so why do they need so much space? They are then uber critical about everything they are shown.
It seems like they are buying the house that might have suited them 30 years ago, rather than the one that meets their future needs. I'd like a revisit show 5 years down the line to see how they are getting on.

[mollie123]

London prices insanity
Bank of Mum and Dad (also related to London prices insanity)
Inheritance (also related to London prices insanity)
I wish they would not invade our peaceful green and pleasant countryside with their big budgets and trains back to their jobs in London as they are pricing out those who already live and work in rural areas

[DameDiazepamTheDramaQueen]

If they both had flats in London,they could easily sell for 400k each.

[TickleMyTeacakes]

Some people just earn a lot of money. And own a property in London that'll make them a hefty profit.

[Yoksha]

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

[Iflyaway]

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

[52dietname]

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

[LBOCS2]

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.

[AgingJuvenileBinkyHuckaback]

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

[LowDudgeon]

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 .

[SansaClegane]

thatstoast

[SueTrinder]

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.

[getlostdailyfail]

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!

[thatstoast]

Nazi gold.

[Cherrypie32]

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.

[WhoTheFuckIsSimon]

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

[NewLife4Me]

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.

[ClashCityRocker]

*there

[ClashCityRocker]

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

[Kidnapped]

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.

[Highsteaks]

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

[MunchCrunch01]

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...