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But will blow my bonus on a PS4 and a handheld Dyson when it turns up.
nice touch that.
(I cleaned the entire flat on my own the other day while she was out and now her clothes are literally everywhere)
don't underestimate it.
Out of nowhere my bf completely spring cleaned our bedroom- a task I cannot bear to do- and I was so fucking grateful, he certainly knew how grateful I was.
I tidy the bejeesus out of our house, the only reward I get is that it stops being a shithole for a couple of weeks.
for a friend's birthday. Lived in Asia since 2003 but never been to Japan.
maybe get a PS4 too, might just wait til crimbo and get the ol' moomah and poopah to get me one
Then I bought a bike.
(Heaven knows i'm miserable now).
But I like to keep my savings over 5k at all times in case I either become unemployed, or really want to do a Masters one day and haven't got the cash to do it.
Atm they're more like 4k which means I'm scrimping, but for hypothetical reasons ffs.
And after university unemployed for almost two years, but I can take absolutely no pleasure from spending money.
you stupid boring square
Just take your potential destitution like a real man.
I just spend <£20 on food and essentials.
Been feeling guilty about it ever since
I'm not sure if grave robbing is 'illegal' but it is certainly 'frowned upon'.
flushing them down the toilet.
hence the question really
saving up a bit at the moment ue to new job, but kindof aimlessly
WOE IS ME
Wish there was a welfare state to support us if anything goes wrong but OH WELL.
but then got divorced. End of story.
I cannot decide
Want: Downstairs shitter, someone to smash kitchen and utility room into one
Desire: laminate flooring downstairs and your mum
a new boiler, and maybe a bit of upgrading of the shower in the bathroom. And the bath too, bloody jets on the whirlpool haven't worked for 2 years now and nobody seems able to fix it. But we're not planning on being in this house for long term so a bit loathe to spend £ on it, as there's nothing particularly *wrong* with anything- it just could be better, and I don't think if we spent 5k on it, it would add 5k to what we'd get for it, if that makes sense.
don't bother replacing a boiler until something goes wrong with it. When something goes wrong with it (if it is reasonably old) don't repair it, just get it replaced.
emergency home call outs and cost of and repairs on it, so I just keep getting it fixed! If it blows in unfixable fashion before we move, I'll replace (I think I get a chunk towards replacement actually) an d I'll make a big song and dance about BRAND NEW BOILER when marketing the flat! THanks for your post- you've made me realise there is no point in me voluntarily replacing it until it goes bad, cos I won't get the benefit of the insurance. I had forgotten about that, YES.
I just keep moving to harder jobs which are better paid when I realise I need to do so in order to live in a house instead of a box.
This will cease to be an option at some point obviously and I will need to save, or need to freeze my lifestyle and expectations.
Without wanting to sound too much like a 6th form socialist, money is a trap. Sack off the ladder, you'll feel better almost instantly.
a Henry hoover
After it - I will be on absolute £0. Completely cleaned out.
Bit worrying to be honest.
So I can buy loads of shit I don't need, but for half the price.
Bit annoying, because if you ignore the fact that I rent (and pay through the nose for the privilege) and can't afford to buy, I'd be perfectly financially comfortable and would barely even be bothered at being underpaid.
I'm right in it as we speak - put an offer on a place that we can't afford just because
1) the place we own has increased in value by 75% in just over 3 years 2) the place we've put an offer on is kind of a bargain
and 3) interest rates are practically nothing and the bank will let us borrow eye-watering sums because of 1)
all seems great but I have a very, very uneasy feeling about it
But I'm seriously convinced that one day I'm just gonna have a cardiac arrest looking at the size of our mortgage and thinking "how in Shitting Christ's name are we EVER gonna pay this back?"
I see what you did there
I'm dripping in funds at the minute and it's fucking great.
Starting my own microbrewery so will probably be skint pretty soon though
for a 2 bed flat in London (zone 3-4) to give us a mortgage that would be roughly the same amount pcm as our rent.
If you don't mind me asking
(bear in mind when we almost bought 2 years ago, flats were t want to take)
*flats were less than 300k and we were working on a bit of the deposit coming from parents which we now don't want to do
in that time we've saved roughly... nothing so we've not actually added to it :/
That's a tough situation
not being added to (only interest, which is significant, but still...) but we can't really downsize nor do we want to move further out
probably just go on a million MORE holidays instead
might even buy my own plane?
I would probably sink that cash into premium bonds if it was just lying about.
You are earning fuck all interest but could win big.
I would apathetically let it sit in a low interest account.
There's no way you can save faster than the market values increase
Whatever's standing in the way of you getting family help to make the deposit amount just let it slide and get on the ladder at all costs
Either that or invest your savings into something that's gonna show a profit ...like property!
it'd be help from boyfriend's parents who want it paid back immediately on a monthly basis, which is fine, but they wanted to impose certain "you can't spend ££ on [insert whatever here] when you should be paying us back instead"
plus anything that wasn't just sitting at home paying them money (so they said no meals out, no gigs, theatre, no doing anything)
which is fine and understandable but not something we want to do. we said we'd agree to pay them a certain amount a month back to have it paid within a year but it wasn't good enough :/
Obviously I understand sensitivity around families, especially when money is involved, but generosity with such seemingly stringent conditions attached isn't really generosity at all in my view.
Obviously it's none of my business or anything but... still.
but why fucking offer to loan you the money if they'd just be apparently revelling in your misery as you paid it back?
Not only is that shitty but it doesn't make any sense - surely they'd be better off putting the money in as an investment and making a share of the profit when you come to sell and/or change your loan conditions as the value of the property rises
Is there no way to convince them to see it as an opportunity for all of you rather than a massive favour on their part to help you out and have you beholden?
Sounds like they can't /really/ afford it without increasing their own mortgage in which case yeah, probably best to leave it. Although if the market value is rising 10% per year and you (they) can get a mortgage/loan at around 3.5% then it makes clear economic sense even in this scenario to view it as in investment opportunity on their part - you'd actually be doing THEM a favour
have no mortgage, are basically really well off, they just don't want to concede control over the cash (or something). really they never should have offered. hilariously they helped my boyfriend's brother buy his flat which has essentially doubled in value over about 7 years and now he's looking at selling a buying somewhere worth an absolutely disgusting amount of money
we'd rather just do it ourselves. as i said to nebbie down there, i just had a look at repayments on what we'd be looking at borrowing on a 2 bed round here and we can probably do it ourselves at a stretch
I see now
Good luck to you both with everything
You'd be surprised what's available that you can't otherwise access (in terms of amount you can borrow, interest rates, fixed periods, etc.) and a good advisor will also go through living costs and worst-case scenario stuff to make sure you've looked at every angle. Our recent advisor in Brighton was an absolute godsend, made everything else ten times easier...
can totally see why you skipped out on that
But if you want to own then the window of opportunity to get on the ladder of security is something something the loose roof tile of err
Yeah, I dunno
It is crazy, have you applied for one of those First Time Buyer ISAs? Actually they may not have started yet. But for every £200 you save, the Government will give you £50 on top when you buy. A friend from work is looking into it. Although it'll probably just keep driving up house prices.
We bought 5 years ago and we are currently remortgaging, We've had a valuation done, and I can safely say there is no way we could have afforded to buy now. I feel for my sister, as I've no idea how she will do it.
You were looking to buy around Crystal Palace weren't you? I was bought up around there, and went back there a few weeks go for my dads birthday meal at a restaurant, it seems to have changed so much. House prices probably reflect that now too.
The next mortgage is an offset, so instead of saving i'll be sticking money into that. Hopefully to get the mortgage paid off ASAP. Boring I know.
"the maximum the Government will contribute is £3,000"
seems completely pointless when that's not even 10% of what we've already saved :/
we were looking at the whole of south east London (currently renting in Forest Hill). nearly bought here but pulled out. probably a silly thing to do in hindsight as obvs a couple of years back it was much more affordable.
there's a lot of factors really. we're very happy here, but I wouldn't want to move further out than say, somewhere like Penge or Anerley. nor can we really afford (space-wise) to downsize to a 1 bed.
True, but I think its per person, not per house. So you could both save £12,000 and get the £3,000 bonus. So £6,000 in total.
It's not great I know, but it's better than nothing.
but my son keeps banging on about a 'new peugeot, with four doors, daddy?', which is pressurising me.
Is that to keep your mortgage payments similar to your rent?
We bought a flat in zone 3 with a 10% deposit.
Did they change the lending criteria or is this your style?
we were working on a 75k deposit on a 300k mortgage and we could barely make it work, as we'd be paying boyfriend's parents back loads per month
looks a bit more doable now using mse's mortgage calculator tbh, but that's on a 300k flat (non-existent), repayments on a 350k are gonna be steep
As BITT says up there ^^^ out-performing the market is tough.
We took a two year fixed rate that was similarly unaffordable to your situation. Two years of austerity. Seriously shit times.
Now, two years later, we have a property that increased in value. The mortgage company valued it and offered a considerably cheaper mortgage thanks to the LTE ratio.
see, it's really middle class problems territory, as we could deffo afford the repayments on a 350k flat, just wouldn't want to give up this lavish "i destroy the environment" lifestyle for it at the moment
Shelter is a basic
The society we live in is seriously fucked up
we saw and PASSED UP THE OPPORTUNITY to buy a terraced house about 5 mins from where we live for about 280k
we were IDIOTS
A place we put an offer on 5 years ago went for approx £10k more than we offered - it sold last month for almost 3x the price we offered
in 2000 for £90k which would probably be worth four times that now.
The Markets™ care not for stories of maybe.
I know you say you don't want to move further out that Penge, and you'll probably dismiss Croydon out of hand. But... you might want to consider around Lloyd Park in Croydon, friends live around there, nice green space, nice houses and not far from East Croydon, easily walkable and if not a stop or two on the tram.
Plus fast trains will get you into London in 15-20 minutes.
You could get something like this for £300k.
Plus Croydon is going under a lot of regeneration at the moment, new Westfield about to be built, East Croydon station and the surrounding area being rebuilt plus loads of other developments.
Buy this outright
Looks shit on the outside, granted. youselfBut who gives a fuck? And it's a one bed. But the layout looks like it'd lend itself to a piss-easy conversion into a two-bed. It's not /quite/ in a two thumbs part of town, but it's only 30 seconds walk from the mighty D-toun, and with great transport links - you could be bang in the centre of Glasgow on a bike in 5 mins, or commute to Edinburgh in an hour.
Rent it out after adding the foor and s lick o' paint, and get four or five hundred pounds of income per month for free.
Or sack daft LOLdon off and live there youself, working a few hoirs here and there to cover food, energy and holiday costs.
Seriously. We've only got a quarter of what you've got saved and were semi-seriously tempted to dip a speculative toe into the world of letting when we saw how daft cheap that place was.
delete random 'yourself.
*the door and a lick o' paint
i'll keep an eye on it for fifty sheets a month.
we wouldn't want any harm coming to your new purchase, now, would we...
close to the world famous bellgrove hotel!
But that's a fairly self-contained micro/non-issue that would basically have next to no real-world impact on residing in that flat. I go past iy all the time on the way to the excellent sports facility across the road. Never had or seen any aggro whatsoever. The external ugliness of the flat itself would phase me more.
but it's a shite area, no amount of east end flag waving is getting away from that
If it can be converted into a two-bed for a handful of buttons and then let out, that's £50k well spent.
Give over with the shite area patter - the bluevale and whitevale towers are currently being demolished and there are proper new-builds where the shite between them and this used to be. Sure, it's no Park Circus, but it's genuinely got plenty going for it, especially considering the cost of living there.
Quite an odd listing.
it would have a front door in it
Main door Reception Room to become Lounge.
Lounge to become second Bedroom.
Close up kitchen door and relocate to hall wall.
Possible en-suite in Storage room/cupboard.
Spank my arse and call me Kirsty Alsop.
you've let this thread slide into London property is so expensive moans tbh Balonz
Hey PN, why not move to Scotland and commute by plane every day? get your house and your planes and probably still have money in the bank
just realised I thought this one one of your thread, not a CB one
A MILLION APOLOGIES
I would never have allowed people moving to London pushing the prices up complaining that the prices are going up in my thread. Quite frankly christ_budget is a disgrace.
I'll collect the frame tonight(!).
Wheels and a groupset are next. Seen a nice crankset that's above budget. Thinking it through, stroking my chin.
It's steel, black and white, and all mine
Sadly had to use a fair amount of the gifts we got from our wedding to pay for a gap in funding for aforementioned wedding, so having thought I was free, I'm back to the austerity grindstone to pay for that trip
Holiday In Cambodia
nice fast car.
but I do seem to be spending all the money I do have.
Mortgage overpayments en route to possible slum landlording.
But really just want to blow it all on a once in a lifetime holiday or an expensive bike
Mount Eerie record
going to wipe out every penny i've ever saved
cos it's being dissolved
making it a ridiculously powerful workstation. feeling pretty excited about it tbh.
We were fairly hard up as kids and therefore financial security has meaning to me.
I can't be bothered with trying to get on the housing ladder. It just seems too much bother and effort. People make such massive sacrifices and get so carried away with the idea of owning a home. Maybe "it makes sense" but... I'd rather do something more fun with the money y'know?
Thinking about just getting to a certain level of savings and doing a CELTA and going to teach in Central America for a bit. I kind of feel I've never really had an "adventure" in that regard and if I keep putting off stuff I'll never get around to doing it. If I can get to a level of savings where I can go and do it and if I don't like it I can just come back to London then I'm going to do it.