Kind of sums it up nowadays

[Ttt1601]

It is tough now to buy a house I'm in the south, I work my arse off to pay my rent and all bills so the Mrs can put her nurses wage ( appalling low for what she does) into savings and it's going to take about 2 years before we have a 20% deposit on a 3 bed house.

 

[John Benton]

Bought my first house for 27 grand ...a 1 bed terrace......sold that and bought the house I'm in now.......3 bed semi for 51 grand......ive paid the mortgage off ....which allows me more andysdays !!
However I feel sorry for my kids I don't feel they will have the same opportunities I did......and fear we will become a country of renters......rather than home owners..

Just remortgage Andy and then you can give a deposit to each of your children, and work until you're 80!!!!

 

[One Day]

Problems started when
1) The governments relaxed on the banks and they went crazy with lending to everyone and anyone who could make an X on a paper.
2) People started treating houses as investments rather than homes.
The housing / credit / car finance etc bubble should have burst in 2007 but fiscal diarrhoea (quantitive easing) has delayed it.....

(it's all a house of cards you know?!) 😵

 

[John Benton]

And anyone who couldn't see that there was going to be a financial crash must have been blind and stupid. How could you ever sustain lending people 5x combined salaries for mortgages, it was always going to burst, I'm surprised it wasn't much earlier.

 

[One Day]

I remember watching Gordon Brown say "no more boom and bust"...!

 

[John Benton]

More than once! Mr Prudent, eh?

 

[One Day]

More than once! Mr Prudent, eh?

I'll bet he's not struggling to get a mortgage or to remortgage 🙄

 

[John Benton]

All have their snouts in the trough

 

[Andy Allen]

Just remortgage Andy and then you can give a deposit to each of your children, and work until you're 80!!!!

Yes.....that's THERE plan...
I believe in the 'stand on your own two feet.' Saying....🙂

 

[Dumbo]

I feel the pain I've got a crap credit record I can't even get a van on credit I've had to get a credit card to build a credit history as I've never had credit for anything before

On building credit . If you when you buy something (sofa , washing machine etc) if there is an interest free option on buying it . Take it as it helps build credit history .