Young Britons need to save for 14 years to afford a house deposit - Polidicks

[QUOTE=AK'z;41094103]London is overrated anyway...[/QUOTE] I like London but not living in it, I'd rather live in the outskirts or in a smaller town, too much commotion everywhere, I'm guessing you have similar opinion about it. [editline]19th June 2013[/editline] oh wait didn't notice your next post...

[QUOTE=TestECull;41098385]LEt's see... 1: You're crammed into a box next to up to 8 other people 2: You can't hardly do a damn thing to your own home without pissing the landlord off 3: You can't move on a whim 4: You're at the mercy of city traffic every time you want to leave the house 5: They're small 6: The monthly rent payments are often on par with a decent mortgage on a reasonable house 7: You're at the mercy of the landlords if something breaks I'll never move into one.[/QUOTE] Also: 8: Renting a parking space - and only having one so no visitors

[QUOTE=matt.ant;41094376][IMG]http://i41.tinypic.com/2n1azxu.png[/IMG] I never knew London was that expensive, 30 years to save? you'd be moving out at 50[/QUOTE] I'm a 22 year old single person living in the south east. Fuck.

I'm so lucky I had rich grandparents.

[QUOTE=shutter_eye5;41094186]You Britons are lucky, for a house that has the same demographics as that (30 - 45 mins from the city, close to public transport) can cost as much as $600,000 AUD (roughly £363,500) and with the dwindling jobs market, its getting much harder to find a decent paying job.[/QUOTE] Not really, i live exactly how you described, 30 mins from london with great transport links and the average cost of a house around here is £1m, a 2 bedroom will cost minimum of £500k. Pretty much every my age moves out because even if you're sharing a house with other people you'd still be paying minimum of £500 a month for a pretty shit house and when you're only earning £1,500 and have to pay for bills, 2K a year for car insurance etc etc it all adds up

Welp! Might as well go on the dole!

[QUOTE=matt.ant;41099603]Also: 8: Renting a parking space - and only having one so no visitors[/QUOTE] 9: Not being able to work on your own damn car. Number 9 alone would be a dealbreaker for me since I save a small fortune doing my own repairs and maint. But most landlords throw a shitfit if you decide to change your own oil in the parking lot.

Is there no such thing as 'study aid' in the UK? Here in Denmark the government pays all university students ~640£ a month if you don't live at home. Finding the right place in copenhagen and with a mortgage, you can get a normal apartment for as low as ~300£. There's also all the dormitories where you can get a room for as low as ~220£.

apartment is good temporarily, one mistake would be jumping into a house as soon as possible, however for a few years you probably don't have the money, or even the need for the extra space.

[QUOTE=Capsup;41102758]Is there no such thing as 'study aid' in the UK? Here in Denmark the government pays all university students ~640£ a month if you don't live at home. Finding the right place in copenhagen and with a mortgage, you can get a normal apartment for as low as ~300£. There's also all the dormitories where you can get a room for as low as ~220£.[/QUOTE] Is that for foreign students as well because if it is I'm on the way

There's very little council house's round my way (Central Scotland) so it's difficult as fuck to even move out, never mind buying a house.

No land, mass immigration and inflation. That's why i'll never be able to get a house and neither will anyone i know in the uk. [editline]20th June 2013[/editline] [QUOTE=kebab52;41103060]There's very little council house's round my way (Central Scotland) so it's difficult as fuck to even move out, never mind buying a house.[/QUOTE] Same.. not only that but most social housing is now private and they have been bumping the rent costs up to the extent where rent costs are nearing private renting costs which is pretty disgusting.

9.8 years in the northwest huh. Too bad even getting a job is bad enough where I live.

[QUOTE=TestECull;41098385]LEt's see... 1: You're crammed into a box next to up to 8 other people 2: You can't hardly do a damn thing to your own home without pissing the landlord off 3: You can't move on a whim 4: You're at the mercy of city traffic every time you want to leave the house 5: They're small 6: The monthly rent payments are often on par with a decent mortgage on a reasonable house 7: You're at the mercy of the landlords if something breaks I'll never move into one.[/QUOTE] American apartments must suck then, where i live: 1: many apartments are on par with houses, having multiple floors and restrooms. 2: you can change floor, wall paint, kitchen wares etc 3: i dunno about this one 4: apartments exists outside of cities 5: they aren't always small 6: true 7: if something brakes, the landlord replaces it at no charge and sends repairmen if it can be fixed. I agree tho, a house is miles better, but hardly ideal for a 20 something year old straight out of school.

[QUOTE=Zeke129;41102787]Is that for foreign students as well because if it is I'm on the way[/QUOTE] That is my understanding of it, yes.

Stay home for a year or two, save the money you'd use for an apartment's rent, use it as a down payment and get a house.

[QUOTE=No_Excuses;41108723]Stay home for a year or two, save the money you'd use for an apartment's rent, use it as a down payment and get a house.[/QUOTE] What this article is saying is that you'd end up living with your parents till your 35 before you the bank would even think about giving you a mortgage

i accepted a long time ago that i'll probably never own my own house

[QUOTE=Ishwoo;41108768]What this article is saying is that you'd end up living with your parents till your 35 before you the bank would even think about giving you a mortgage[/QUOTE] Then just have your parents take out a mortgage on your house and you pay your parents? I don't know how mortgages work, but it sounds like a good idea.

i'm resigned to never owning my own house tbh

[QUOTE=Capsup;41102758]Is there no such thing as 'study aid' in the UK? Here in Denmark the government pays all university students ~640£ a month if you don't live at home. Finding the right place in copenhagen and with a mortgage, you can get a normal apartment for as low as ~300£. There's also all the dormitories where you can get a room for as low as ~220£.[/QUOTE] You can get up to about £5500 through a combination of maintenance loans and grants (the grants are only available if you're from a low income family), rising to £7675 if you study in London, which is designed to cover you for the year. It's generally a squeeze these days to cover rent and living costs with it. [editline]20th June 2013[/editline] [QUOTE=Sword and Paint;41103955]No land, mass immigration and inflation. That's why i'll never be able to get a house and neither will anyone i know in the uk. [editline]20th June 2013[/editline] Same.. not only that but most social housing is now private and they have been bumping the rent costs up to the extent where rent costs are nearing private renting costs which is pretty disgusting.[/QUOTE] It's not immigration, it's because the government won't pull its finger out and start actually building social housing, and to make matters even worse, they want to remove the requirement that housing developers have to make 25% of new housing developments 'affordable housing'.

[QUOTE=Irockz;41094488]2? Jesus one kid is annoying enough, but paying for two kids who would probably argue? Shit, people are crazy[/QUOTE] imagine having 7 brothers and 6 sisters that's my grandpa's childhood for ya

If you live in Vancouver and are under the age of 50 or are a student, you have the option of living in the basement of this: [img]http://s3-static.realpagemaker.com/mlspics/van/van1/V629266_1.jpg[/img] OR if you want to live rustic, in the basement of this: [img]http://vancouverisawesome.com/wp-content/uploads/2008/11/salma2.jpg[/img]

Chance are this will never get addressed in Num. 10 other than raising taxes to pay for more social welfare. I swear the only thing that goes on in there are how they can raise taxes that will most affect people below upper middle class.

This pertains more to the US, but I don't understand how the fuck anybody is going to be able to buy a house when they're carrying $30-40,000 in student loan debt just to get a job that in 20 years might pay enough to afford a mortgage. Housing prices are going to tank by sheer virtue of the fact that nobody can buy houses.

[QUOTE=Used Car Salesman;41119287]This pertains more to the US, but I don't understand how the fuck anybody is going to be able to buy a house when they're carrying $30-40,000 in student loan debt just to get a job that in 20 years might pay enough to afford a mortgage. Housing prices are going to tank by sheer virtue of the fact that nobody can buy houses.[/QUOTE] So long as foreign investors have money they will take anything we can't get. It's only after they run out of money that things can tank and they do so in a spectacular fashion.