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thats it the whole question i dont need this box
My brother earns £25K and used to spend £850 p/m, but then he had a deadbeat scrounger girlfriend living off him who insisted they live in a relatively expensive one bed flat.
god dam it
which is the duration required to offset a move and the loss from owning a property outside of London right now.
mortgage interest is close to what some people pay in rent per year and that doesn't even include the money they pay to repay the loan, yeah you get a house to show for it by the end but by that point youre nearly dead. And if you invested the money that would have been your deposit, and invested the money you would have used to repay the loan each year, plus all the money you save on not owning a house (buildings insurance, fixing boilers, general upkeep), over the years if invested wisely would add up to a substantial sum, probably not as much as a house because house prices are stupid, but enough for retirement and to leave some to children etc. I think it is worth it for the flexibility of being able to move whenever you want and not having the risk of being financially wiped out if something goes wrong
say you borrow a couple of hundred grand have to pay back 3% or so in interest each year plus repay the actual loan, that is a lot of money over the years, it is worth it at the end because the value of your house will probably be loads more than you paid for it, but if you saved the money you would have spent then youd still have a tidy sum. House prices are silly in this country, its gotta reach the tipping point soon where it just isnt worth it
You can get an amazingly well-done out flat with all mod cons inside zone 2 for that. A mortgage on a flat that good for only £1000 would be hard to achieve.
On top of that you'd need your 10%+ deposit and saving that much money could take many years.
i wish i had a grand a month to spend on rent, i'd go live in Soho and it'd be GREAT
where you had to go through someones bedroom to get to the kitchen. it was the most retarded thing id ever seen.
i found one once where the toilet was in a closet next to the cooker.
that flat will live on in our memories.
i wonder if anyone is living there?
That's the question, yeah?
I try and make my rent no more than a third of my income. But then I'm on the cusp of being unemployed ...
you've already said you don't drink so that's gonna help. do you shop a lot? drive a lot? do drugs? have loans to pay off? etc etc etc....
with a good friend of mine. 10 minutes from work, allows my dog, park opposite and it's ON PORTOBELLO ROAD...
Living room power shower...
i will be paying £600 excluding bills which is really, really big sqeeze for me as that's at least half my pay.
But then I spent over 100 quid a month travelling to work.
And I was earning £2.5 k/ month at the time,
I found it ok.
But now, despite earning more, I feel more skint.
in total bills. if i was on my own it'd be around 1.5k but my flatmate and I split it. anyway, i earn a good level of cash and i find it hard to get by on my salary.
so i'd say 35k - 40k. to make it work.
because I earn high but have a low disposable income because of outgoings. If youy're asking hoew much disposable income after loan repayments, council tax, subscriptions etc, then I'd say 2k disposable income to justify spending 1k on rent. Everybody's different though- some people might be prepared to spend >50% disposable income on rent- I would if I didn't need to keep back so much money each month for travelling between parents, boyfriend and work.
I thought there was lots of words missing or he'd just mashed the keyboard and this is what had appeared.