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>> No. 6225 Anonymous
8th May 2016
Sunday 8:42 pm
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Any homeowners here ?

I'm 22 but I've scared myself reading all the doom and gloom of house buying so I've started saving for one by putting a few hundred a month away.

What age did you lads start saving ? I like to think I'm ahead of the curve but there can't be that many homeowners who managed to whip up a deposit by starting late.
Expand all images.
>> No. 6226 Anonymous
8th May 2016
Sunday 8:44 pm
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Of coursed not I live in London. And I've only been saving up for the last 10 years.
>> No. 6227 Anonymous
8th May 2016
Sunday 9:34 pm
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I strongly suggest you get a halifax help-to-buy ISA. At 4% interest and unlimited withdrawals you're absolutely stupid not to if you've got the money to save, even if you are never able to take advantage of the bonus.
Only downsides are the £1000 opening cap, and £200 a month cap on paying in.

I've just started my deposit this year at 26. I'm a bit late sure to university, first year of work I had nothing to spare, and my savings in the second year of working went towards a less-shite car.
If all goes well, I might be able to start thinking about a house by the time I'm 30, touch wood.
>> No. 6228 Anonymous
8th May 2016
Sunday 9:44 pm
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I'm 28 and bought a house last year (I'm >>5624) with a £30,000 deposit. £10,000 of that was from my Nan dying but the other £20,000 was from about five years of saving. It should be even easier now with the Help to Buy ISA and that.
>> No. 6229 Anonymous
8th May 2016
Sunday 9:53 pm
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All property is theft.
>> No. 6230 Anonymous
8th May 2016
Sunday 11:52 pm
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I'm 25 and have about £1,600 in the Halifax Help-to-Buy ISA and I feed that from a Santander 123 account which has around £10, 000 in (the £200 a month cap is a pain). I got two other accounts, one with just over £5,000 and the other with just under £3,000 which I could use to top things up with.

Goodness knows when I'll get a property. Even if I had the cash now I don't want to feel tied down to a location I might not want to be in come a years time. Plus, I want to try the whole living abroad *cough*find a way to leap from extended working holiday to permanent residency*cough* sooner rather than later.

In my head, as long as I'm continuing to save as much as I can when I can, I'll be okay. Or I could just be really naive.
>> No. 6231 Anonymous
9th May 2016
Monday 8:45 am
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Fuck off peasant.
>> No. 6232 Anonymous
9th May 2016
Monday 5:42 pm
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Was it worth it?

I have a girlfriend and it feels awful saying this, but I wouldn't want her to be the other half of it so I'd want to bear the costs myself.

Other than sunken money, I'm starting to question if it's worth tying myself to one house for life. Is renting that bad?
>> No. 6233 Anonymous
9th May 2016
Monday 5:56 pm
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> Other than sunken money, I'm starting to question if it's worth tying myself to one house for life.

The general idea of the "property ladder" is to be able to sell your house, even before your mortgage is paid off. If you're lucky and bought somewhere nice enough you can often sell it for more than you paid for it (even when taking into account interest on your mortgage payments) and buy somewhere nicer. Surely you've watched enough Phil and Kirsty to have figured this out by now?
>> No. 6234 Anonymous
9th May 2016
Monday 6:37 pm
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This thread has made me feel pretty naive. I'm 25 and I really have no savings, and no intention of buying any property. Like a few others I'm reluctant because I don't particularly want to live where I am now.

Is there a way I could make up ground in the future?
>> No. 6236 Anonymous
9th May 2016
Monday 7:15 pm
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Move to a cheaper country. This'll solve both problems.
>> No. 6237 Anonymous
9th May 2016
Monday 7:49 pm
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If you can afford to save, and still have disposable income, then save.

It might take you a decade to save for a good deposit, if you start saving now and in a few years time decide you don't want a house, you've got a few grand to spend on whatever you want.
>> No. 6238 Anonymous
9th May 2016
Monday 8:24 pm
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Don't worry, you're not alone. We live in a generation of spend as you earn and live for the moment people. Credit comes easy and the thrills come cheap (but soon add up).

You're certainly not alone. Start saving now. Make arrangements, set up an account and work out a budget and how to cut back on the little things (who knew that taking a bottle of water to work instead of buying there could save so much?)

Good luck. You're never going to turn around and say 'I'm so fucking pissed I saved all them thousands of pounds', but you might just say 'I'm so fucking pissed I never made an effort to save'.
>> No. 6239 Anonymous
9th May 2016
Monday 9:32 pm
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My boss just bought a two bedroom detached house here in Vegas for $285,000 in one of the poshest neighbourhoods in the city with a view over a man-made lake with yachts and shit. That's just shy of £200,000, which buys you a terraced house down my parents' street in Hull, which is immediately next to a pair of council estates. Though posh by comparison to a two-minute walk down the lane, it doesn't add up.
>> No. 6240 Anonymous
9th May 2016
Monday 9:35 pm
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>That's just shy of £200,000, which buys you a terraced house down my parents' street in Hull

I'm calling bollocks, unless prices have shot up dramatically since I left just over two years ago. Then again, wherever you are in Hull you're never more than five minutes away from at least one council estate.
>> No. 6241 Anonymous
9th May 2016
Monday 9:37 pm
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Depends which end of the street(s), the ones at the back end have bigger gardens and their own private tenny between four or so houses so they regularly reel in £200k.
>> No. 6242 Anonymous
9th May 2016
Monday 9:46 pm
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Serious question, how hard is it to buy property in America if you aren't a citizen?

Does it help you get extended stays or something?
>> No. 6243 Anonymous
9th May 2016
Monday 9:51 pm
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I've been here just under three weeks so I couldn't say. I would imagine you need to do something to build up any kind of credit rating before a bank will consider giving you a mortgage. I have a bank reference from my UK bank heading over in lieu of a credit score to try and get myself a car, so I'll have a better idea of how you get treat soon enough.

One thing I've noticed is that it doesn't take nearly as much to be middle class here because the majority of Americans are poor as owt. My boss is an associate professor at the uni here and lives in what would be classed as a small mansion in England. I would have been able to afford a property just like it on my postdoc wage if I'd wanted to.

If you have a trade you can wangle into transferring abroad and nothing tying you down in the UK (and don't mind driving everywhere), I'd recommend giving it a shot over here. You'll just be a foreigner for a while, but ultimately if you're earning money then nobody would give a shit if you're a Martian with Al Qaeda connections.
>> No. 6244 Anonymous
9th May 2016
Monday 9:52 pm
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It's incredibly easy to buy property in America. It doesn't help with visas or green cards or anything, but it's America. They'll sell you anything they can. They don't even check to see if you can drive before you buy a car over there.
>> No. 6245 Anonymous
9th May 2016
Monday 9:53 pm
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On top of that, if you do things which seem *completely fucking normal to someone from an up-to-date country*, such as have your rent and bill payments just come right out of your bank account without having to literally traipse a cheque into the offices once a month, then you will quite quickly build up a good credit score because they'll think you're some kind of millionaire wizard from the future.
>> No. 6246 Anonymous
9th May 2016
Monday 10:10 pm
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> They don't even check to see if you can drive before you buy a car over there.

I've never bought a car in the UK but is that actually a thing? It seems somewhat stupid to me. What if you wanted to buy a car for your old mum or for your wife? What if you wanted to learn to drive in your own car? What if you just wanted to sit the fucker in your driveway, turn the air conditioning up high, and drink Stellas in the back seat of a weekend? For fucks sake, I wouldn't expect Robert Dyas to make sure I could cook before they sold me a wok. Broken Britain.
>> No. 6247 Anonymous
9th May 2016
Monday 10:11 pm
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What? They don't have direct debit and standing orders?
>> No. 6248 Anonymous
9th May 2016
Monday 10:22 pm
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My rent people refused to accept direct debit. Luckily, my bank has a service called Bill Pay, whereby they pay your bills for you to save you the hassle. They brag about it all over their branches and it's pretty popular for being an alternative to writing a paper cheque once a month, but I've since found out that what it actually does is send a physical paper cheque on your behalf to a payee whenever you tell it to. I'm having to kick up a fuss to get the uni to pay my through direct debit. They have it, sure, but they don't use it.

I'm gonna use my contactless Co-Op card somewhere and blow somebody's mind.
>> No. 6249 Anonymous
9th May 2016
Monday 10:35 pm
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They won't even give you the keys to a car here until you've proved it's taxed and insured.
>> No. 6250 Anonymous
10th May 2016
Tuesday 6:26 am
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So far, so good. As I mentioned in that thread, there's a house down the street which is a fair bit smaller than mine and is being rented out for around £100 pcm more than my mortgage payments.

Even if you don't want to move anywhere at the moment there's no harm in saving and you can always change houses later on.
>> No. 6300 Anonymous
17th May 2016
Tuesday 4:45 pm
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Maybe at official dealerships, but the local one I bought my car off suggested driving it 50 miles without tax (it was insured) and just show the V5C New Owners and receipt in the unlikely event I got pulled over.

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