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.
 

Jon

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#5
Bear in mind our combined annual income was a whopping £4500 at the time ;)
oh aye, i know it's all relative but do you think you had any pressure back then to buy?
 

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!
 

Deborah Walker

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#10
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.
I am seriously jealous of you @Topaz ;)
 

Deborah Walker

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#11
I think for my generation it's a really pressured thing, I see friends now in beautiful houses and wonder how on gods earth have they been able to afford that. At present I'm stuck in a run down council flat and I'm campaigning to get them torn down and new builds put up. I'll get there eventually but it'll take time. I think I'm resigned to the fact that I'll never own property bad financial decisions mean that it will take some time for me to get a decent credit rating and by that point I'll probably be told I'm to old to be considered for a mortgage or be offered the most expensive mortgage around. So I'll continue to look on envious of what friends have achieved but thankful that I just call the housing when the boiler breaks down.
 

katykicker

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#12
I feel pressured to buy a house. I think about this alllll the time. We've got a big savings pot, as you know @Jon but just can't help but wonder if we should just keep renting as we'll be moving soon to a council house. However, that £80k discount is alluring!
 

Jon

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#13
I feel pressured to buy a house. I think about this alllll the time. We've got a big savings pot, as you know @Jon but just can't help but wonder if we should just keep renting as we'll be moving soon to a council house. However, that £80k discount is alluring!
RIGHTMOVE 4 LIFE!
 

homie

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#15
I'm looking to move at the moment, out to the countryside somewhere (one danger of working from home is you spend too much time with the telly on watching property shows) but the twat that was buying my house pulled out so now I am back to square one.

At the moment, with the possibility of interest rate rises and uncertainty over brexit the property market is looking a bit iffy. i can imagine the values of some of the places that have gone up rapidly in the last few years starting to level off and possibly fall by the end of the year.

If I were buying my first house now i think i would hold off a while and see where the market is going.
 

spanner10

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#16
Having the opportunity would be nice! Being a young person in the current economic climate makes it feel like buying a property will never even be possible! I work as a nurse for the NHS so have a reasonably decent job and still struggling to see how it will be possible! I work full time, earn 24,000 a year but by the time I've deducted tax, NI, pension, student loan, and current company car I take home around £1400 a month. Minus extortionate rent prices, council tax that has just been hiked up again, bills and food... The chance of saving for any sort of deposit for a mortgage becomes a lot slimmer. Chance would be a fine thing, let alone feeling pressured!
Rant over
 

Queen Jess

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#17
I didn't feel pressured to buy a house, but I just always assumed I would among with getting married etc. However, I think this is starting to slowly change as things are getting too expensive.

I really like saving and always have saved a fair bit of my salary, but took me over ten years to get my deposit and then finally buy two years ago. I'm glad I did as I feel more settled and know I can do whatever I like with the house and know someone can't just decide to randomly chuck me out of it.

I also can't get my head around the fact that renting is more expensive than buying and paying the mortgage... I mean yes you have maintenance to do, but it seems mad.
 

The Reverend

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#18
No pressure to buy for me.

However, I really wanted to buy. I’ve got my flat and I’d love a house, I’ll just never afford one in London. :(

But thems the breaks. Hopefully in 10 years I can sell my flat, buy a house somewhere mortgage free and enjoy life before I die! :D
 

Andrew

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#19
No pressure to buy for me.

However, I really wanted to buy. I’ve got my flat and I’d love a house, I’ll just never afford one in London. :(

But thems the breaks. Hopefully in 10 years I can sell my flat, buy a house somewhere mortgage free and enjoy life before I die! :D
There's a house down the road from me in an ok area for 60 grand. I nearly bought it myself a couple of years ago but decided I'd rather live in the town (paid an extra £47000 for the privilege mind!). So mortgage free is easily doable if you're prepared to uproot your entire life!
 

Andrew

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#20
Having the opportunity would be nice! Being a young person in the current economic climate makes it feel like buying a property will never even be possible! I work as a nurse for the NHS so have a reasonably decent job and still struggling to see how it will be possible! I work full time, earn 24,000 a year but by the time I've deducted tax, NI, pension, student loan, and current company car I take home around £1400 a month. Minus extortionate rent prices, council tax that has just been hiked up again, bills and food... The chance of saving for any sort of deposit for a mortgage becomes a lot slimmer. Chance would be a fine thing, let alone feeling pressured!
Rant over
Perversly I actually regret buying young. Putting down ties too early isn't always a good thing. I'd say to anyone in their 20s that enjoying life should be the first priority. Your life changes so much in your 30s that you'll find it a lot easier to save than you think. As @Queen Jess found!
 

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