Do (or Did!) you feel pressured to buy a home?

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Jon

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#1
Or did you feel pressured in the past if you already did buy one?

I know I sure did!

Looking back I was getting very envious of friends that were able to put shelves or sky dish up without written permission. Or those that when something went wrong with the house didn't have to put up with a plumber coming round doing the cheapest fix possible to save the landlord money! Or my MAJOR pet hate were the 6 monthly inspections!

All of this sort of came to a head and then the housing market bottomed out during the recession and because of all these feelings we bought a house!

Looking back I do wonder if I would have done that had I not been feeling this way as there sure does seem to be quite a lot of pressure to buy a house or be seen as some kind of, well not failure but as if I was missing out on a major milestone part of my life by not having one!!

I listen to people at work who don't own a house and they are saying the exact same things I was saying 10 years ago! lol

Anyone else experience this or is it just me that's obviously crazy!
 

Topaz

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#2
We didn't feel pressured at all. We did the maths, and realised that renting was the equivalent of throwing money away every month. We saved hard for three years and bought our own home. OK, it was hard for a few years and we lived hand to mouth, but we never regretted our decision. Our house cost us just £18,950 back in the 1980's. I think its worth around £225,000 now and we are mortgage free.
 

Jon

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#3
We didn't feel pressured at all. We did the maths, and realised that renting was the equivalent of throwing money away every month. We saved hard for three years and bought our own home. OK, it was hard for a few years and we lived hand to mouth, but we never regretted our decision. Our house cost us just £18,950 back in the 1980's. I think its worth around £225,000 now and we are mortgage free.
 

Topaz

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#6
Nope, no pressure at all. Buying rather than renting was a complete no brainer for us. One set of parents rented and one had their own house, so we came to an informed decision by asking lots of questions and weighing up the pros and cons. The parents who rented later went on to buy their 3 bedroom council house for 4K!
 

homie

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#7
No pressure at all. It was just something I wanted to do. That was in 1999 of course. No way I could afford to buy (or even rent for that matter) around here now.
 

Andrew

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#8
I think looking back I put myself under a lot of pressure to buy a home - I think because it's always been a sign of success as well. If I had my time again I'd have waited a couple of years and spent more time partying! But buying a house has benefitted me in the long term as I was renting tiny flats and never had any room to breathe. But I'd say to anyone in their 20s now to hold off on buying a house and enjoy their 20s first. There's no need to be in such a rush to buy one.
 

Hezzy

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#9
I think there is pressure to buy as the rental market can be Unpredictable and more expensive. It’s a vicious circle, you have to pay high rent, can’t save a deposit , can’t buy.
It’s really hard these days. I was lucky to buy before the boom, but still was working two jobs to afford it and bought literally the cheapest most run down property in my area and still ending up borrowing some from family which I did pay back, so not like it was easy then either!