It's April 25, 2024, 04:11:20 PM
Quote from: Acgrundy on June 28, 2005, 06:27:34 PMQuote from: Overseer on June 28, 2005, 07:54:13 AMyeah its nuts.. i dont earn a huge amount, but most of my mates earn less than i do... some couples i know can actually borrow less than i can.. because their combined salaries * 2.5 is less then the 3.5 * my salary i can get on my own. by the end of the year i should be 10k towards my 30k target.. even then i'll only be able to get a rough 2 bed house.. things will get easier though as my wages are likely to go up before i'm done, so i'll be able to borrow more too..my plan is to keep saving either until i can afford it on my own.. or goin in with a g/f makes it easier-ishlol, at the end of this year you will be at 10k for your 30k mark? how old are you already? do the smart thing man, put the 10k down and get a house. you don't wanna rent a room out becuz why? man that is at least 25% of a mortgage pmt that you can get out of one renter for a place in your price range. why figure that the first house you buy has to be the house you live in for the rest of your life? real estate is an investment, not just a place to live. shit by the time you actually have 30k saved up, property prices may have gone up at a greater rate and interest rates could be so high, that you are actually in a worse position than you were with your 10k. put 10k down, take out an interest only loan. do a lot of research on what you are going to buy, make sure there is a damn near 100% chance that it will not take a loss in the next couple of years. buy it with an interest only loan, you're monthly mortgage payments will be pretty cheap. rent a room out, fuck rent 2 out. after 2 years, as long as the place has increased in value, sell it. get something else. shit man, in 2 years I'm gonna have 10k saved, maybe more, but at least 10k. I'm doing just as I said. I'll be going through a lot of houses. buy shit that you can fix up and improve, its a pretty cool hobby when you do it for your own place. Man there is homes that sell for $0 down, 10k is plenty enough money to put down, I say waiting til 30k, especially at your age, is a very bad idea.no i cant afford it yet. let me explain something.. thats 10k UK money.. thats 18K USD..over here a 1 bed apartment OR a 1 bed starter home currently runs at around 85K to 100K (in USD thats 154K -> 181K)a small 2 bed house can be got for between 95K and 125K depending upon where it is etc.. the property market here is fucked at the moment.. there is a record all time low of first time buyers entering the market.. .prices have stopped and are falling in some places.. they also just upped the limit for a thing called stamp duty.. which is a property tax.. they put this at 120K. this means that if you buy a house under 120K you dont have to pay any tax.. which is a good thing.
Quote from: Overseer on June 28, 2005, 07:54:13 AMyeah its nuts.. i dont earn a huge amount, but most of my mates earn less than i do... some couples i know can actually borrow less than i can.. because their combined salaries * 2.5 is less then the 3.5 * my salary i can get on my own. by the end of the year i should be 10k towards my 30k target.. even then i'll only be able to get a rough 2 bed house.. things will get easier though as my wages are likely to go up before i'm done, so i'll be able to borrow more too..my plan is to keep saving either until i can afford it on my own.. or goin in with a g/f makes it easier-ishlol, at the end of this year you will be at 10k for your 30k mark? how old are you already? do the smart thing man, put the 10k down and get a house. you don't wanna rent a room out becuz why? man that is at least 25% of a mortgage pmt that you can get out of one renter for a place in your price range. why figure that the first house you buy has to be the house you live in for the rest of your life? real estate is an investment, not just a place to live. shit by the time you actually have 30k saved up, property prices may have gone up at a greater rate and interest rates could be so high, that you are actually in a worse position than you were with your 10k. put 10k down, take out an interest only loan. do a lot of research on what you are going to buy, make sure there is a damn near 100% chance that it will not take a loss in the next couple of years. buy it with an interest only loan, you're monthly mortgage payments will be pretty cheap. rent a room out, fuck rent 2 out. after 2 years, as long as the place has increased in value, sell it. get something else. shit man, in 2 years I'm gonna have 10k saved, maybe more, but at least 10k. I'm doing just as I said. I'll be going through a lot of houses. buy shit that you can fix up and improve, its a pretty cool hobby when you do it for your own place. Man there is homes that sell for $0 down, 10k is plenty enough money to put down, I say waiting til 30k, especially at your age, is a very bad idea.
yeah its nuts.. i dont earn a huge amount, but most of my mates earn less than i do... some couples i know can actually borrow less than i can.. because their combined salaries * 2.5 is less then the 3.5 * my salary i can get on my own. by the end of the year i should be 10k towards my 30k target.. even then i'll only be able to get a rough 2 bed house.. things will get easier though as my wages are likely to go up before i'm done, so i'll be able to borrow more too..my plan is to keep saving either until i can afford it on my own.. or goin in with a g/f makes it easier-ish
This pic just looks so much like a hospital to me
LOL @ Mauzip's room... looks like he's stuck in a mental institute or somethin...
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