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Is renting really that bad?
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[quote][i]Originally posted by J da Silva[/i] [quote][i]Originally posted by Ojc[/i] Ok 90% I can deal with but house prices won't come down will they? [b]Who honestly can save £20,000 as a deposit and another £5k for fees and still lead a fairly decent lifestyle?[/b] I'm not a good saver at the best of time and when I look at the savings pot and know my goal is 20k and it seems to never get any closer I just feel that to save that amount of money is unrealistic in this day and age. If a 90% mortgage is avaliable that is more realistic but these seem to still be very few and fair between. I'm looking at rental property and I see the houses in areas I would like to live, the houses we could afford to buy are in areas that we wouldn't be happy with living in and have off road parking and are generally SHIT. [/quote] Depends how good you are with money, what job you have and what you demand from your hobbies and interests. I won't use me and my house as an example, as I get enough criticism as it is but a friend of mine saved for two years whilst living the same way as he always has, he had his 15% deposit for his £105,500 3 bedroom town house on a new building site, he is a weekend drinker and usually puts a gallon down his neck every friday/saturday, he is a joiner/shopfitter on £24k a year. [Edited on 06-10-2009 by J da Silva] [/quote]
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