Jonathan Duke
Lovely cali, health to enjoy!!
Ha, your title made me think..... I bought my first home in 2003, a small (2-up, 2-down) mid-terrace for £27,500.
My mortgage was less than a £100 per month, what a joy that was! That same house sold for £90,000 in 2007, but today costs about £60,000.
I was lucky, to benefit from the house price increase somewhere along the way, and was able to buy my first Cali for £44,000 last year.
Ha, your title made me think..... I bought my first home in 2003, a small (2-up, 2-down) mid-terrace for £27,500.
My mortgage was less than a £100 per month, what a joy that was! That same house sold for £90,000 in 2007, but today costs about £60,000.
I was lucky, to benefit from the house price increase somewhere along the way, and was able to buy my first Cali for £44,000 last year.
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yep - 1st house £18k 1st Cali £45k, but still can not afford a beach hut in our area.
sapto
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Nice one and welcome Jean!
WelshGas
Retired after 42 yrs and enjoying Life.
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Verity
Me too! First house £30,500, Cali £51k. Ooops!
Sad
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Zebedee
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First house London Docklands 1982 I was just 21 £25,000. Cali 2013 £39,000. 2014 Whole renovated big cottage in Brittany £40,000. Most expensive house I’ve owned bought when I was 26 for £125,000. Current value £1,359000. PS I don’t live there anymore.
Amarillo
Tom
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First flat, in Blackheath, £57,000 May 1990.
£40,000 mortgage repaid in full by May 2000.
Endowment policy matured May 2015 worth £28000 (had been assured that it would be worth >£40,000) paid for half the Cali.
I still have the Blackheath flat now worth ~£350,000.
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soulstyledevon
Kennycalifornia
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Where can you buy a mid terraced house today for £60k...?
Sounds like a bargain.
El Greco
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Detached Ocean for around 60K sounds like a bargain at todays house prices!
Jonathan Duke
Amarillo
Tom
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These are extraordinary times where the difference between those who own property and those who do not has widened to a chasm.
I find it difficult to see how a normal couple with normal jobs can afford to buy a home in London or the southeast without receiving a substantial gift from some benefactor.
We are already saving for our sons' tertiary education and their first homes and have been since their births. We are fortunate that we can do so.
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I find it difficult to see how a normal couple with normal jobs can afford to buy a home in London or the southeast without receiving a substantial gift from some benefactor.
We are already saving for our sons' tertiary education and their first homes and have been since their births. We are fortunate that we can do so.
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Borris
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We paid £8350 for our first house in 1974. A lovely two up two down terraced cottage in the country, built in 1757. I don't know what £8350 would translate to today but who cares, a house is a house and a camper van is a camper van.
Personally, I couldn't care less what our current house is worth because it's not an investment, it's our home.
Personally, I couldn't care less what our current house is worth because it's not an investment, it's our home.
Verity
I agree Tom. We've not been able to save anything for our son, but are now helping him substantially with his uni expenses, in the hope that when he graduates he will have a small amount of savings to start a life. Not enough for a deposit on a house, but at least something. He is doing civil engineering, and has already earned a scholarship which will give him a job at the end of his degree. If he hadn't gone for something with a job at the end, I think I would have discouraged him from going to uni and encouraged him to work his way up from the bottom somewhere whilst still living at home. Kids who go to uni and can only get jobs away from their parents' hometowns are hugely disadvantaged, imo. Paying expensive rents in big cities means they will never save enough to buy a home. He's doing work experience this summer, and we're buying a cheap caravan and booking campsites for him. He gets an accommodation allowance, but it would only cover about 1.5 nights per week in a hotel! I didn't offer him our Cali. No way. It's not designed for clumsy 19 year olds!
Jonathan Duke
Guess we can't all (UK population) live in the same Sunny-South-East. For decades, Northern Ireland suffered "brain-drain" to the SSE, but now in increasing numbers people are moving back, and even some moving-in from the mainland. With new-build family homes here at £100-125k, and cheap flights to/from the Capitol and/or Northern and Scottish Hubs, when needed, it all starts to make sense. Great quality of life here, and the mortgage ain't a killer. I didn't receive any financial support from my parents for Uni, wedding or first home, and have however made a comfortable life for ourselves here non the less. You pay your money and you makes your choice, suppose.
Should add, we're at pretty much full-employment here in N.I. also, so if anyone fancies a promotion it might be worth giving it a peep.
Should add, we're at pretty much full-employment here in N.I. also, so if anyone fancies a promotion it might be worth giving it a peep.
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Amarillo
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Duel income no kids (DINK). We are in a similar position having put off having children until our late 40s.
The Telegraph suggests the cost of raising a child is over £14,000 per year. I cannot imagine how we would have coped financially with having two boys when we were in our early 20s.
https://www.telegraph.co.uk/news/uknews/11360819/Average-cost-of-raising-a-child-in-UK-230000.html
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Jonathan Duke
Whilst un-employment is at 3.1% here in Sunny Northern Ireland, latest figures show "economically inactive" figures (persons neither in-work, or looking for work) are much higher than the UK average.
This would elude, in-part, to many SIWK'ies - A configuration not afforded, to those who would want it, to most in the wider UK these days. We're maybe just a bit behind-the-times over here, maybe that'll change soon tho.
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soulstyledevon
Kennycalifornia
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Wow.
I thought we were late to the party having kids at 37&38. Late 40s is good going.
I’m 40 this year and couldn’t find the energy for more children.
One is enough...!!!
Our son will not have any private education, handouts or any sort of financial assistance from us. We never had it and have done well enough.
We will make it clear that our house, is his at some point, which is enough to see him right for the rest of his days. Unless he turns out to be a complete douche bag and then the money will go to charity.
Amarillo
Tom
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Ben at 46 & 46
Jack at 47 & 48
Big differences between my generation and the generation now is that we didn't finish university with £69,000 of debt, and London house prices were 4.5 times average incomes not 10.5 times average incomes.
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soulstyledevon
Kennycalifornia
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I do sympathise with the younger generation.
Tuition fees are a complete disgrace. I work for a University and see first hand how badly run/managed these places are. So much wasted money.
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