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

JesseEverAfter

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I was very happy renting until the landlord decided to sell the flat (all went through a rental company who handled all the repairs - maybe not in a timely manner but eventually) and the price was right. Unfortunately there was nothing else available where I needed to be so...

...I moved back in with my parents and have been saving ever since (well, I say ever since - I've saved my entire life and had some form of account since before my 1st birthday (building society account opened in my name) but the experience of knowing someone you have no control over can boot you out with 2 months notice gives me too much anxiety.

I don't feel pressurised to own somewhere but I want to own somewhere so my ability to stay isn't controlled by something I have no control over.
 

JanLewisfD

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Saw this old thread and it made me smile. I think right now is the time to buy real estate. Well, maybe not RIGHT now. Maybe a few months later. The prices are getting lower because of the crisis. And when they will be low enough, I will buy a new house. Not so long I've sold a house in Manchester, UK and now I have enough money for buying a new one. I've sold it to this https://www.thepropertybuyingcompany.co.uk company. Surprisingly, they gave me good money for my old house. Now I will wait.
 
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Soozehound

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This!
My whole family have their own houses, me and my other half were living in a flat trying to "save" but a string of redundancies and the fact there always seems to be SOMETHING else has always got in the way.
We've been together 7 years and we stuck in that tiny horrible flat because of the "saving to buy" pretense. Lucky that family has offered to help but it'll always cost more than you think, and that's nothing without job security!

Finally we've moved to a rented 2 1/2 bed house and we're already millions happier.

Family feign happiness, but tell us we should have bought. I say if you'll cover all expenses we can't and foot the mortgage if we lose our jobs, great idea.

One day we will own, but only when we're secure enough. but for now, if anything goes wrong with it, the roof collapses or the pipes burst.. Its not out of our pocket and that's okay too!
 
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MIch21

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My mum always pressured me to buy a house.. you need a house for security etc. I moved abroad for four years and if It wasn't for that I would have never been able to save for a house. None of my friends were able to buy their own house - they had family to help them do it, pay for deposit etc. My mum just did not understand how difficult it is to save for a house. I would never expect my family either to help out with deposits etc.

Im glad I have got my own house now - the constant nagging to landlords to fix stuff just got on my nerves. Ive also got a small range of pets now which would be difficult to have in a rented house.
 

AWW

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My landlady just announce she wants to sell the house we live in so yes.. A little pressured I also detest my estate agent so that probably has something to do with it.

Was having a conversation with my mother about not being able to get a 5% mortgage and she said 'oh yes I rememeber being so nervous about trying to get a £17,000 mortgage' me =

I also miss living in Yorkshire, Salisbury is technically on the commuter route for London... And also has all these very picturesque English countryside villages so nowheres cheap
 
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The question one should ask themselves is, why are you buying? Let's face it, it's been instilled in society to buy because of the following below:
  1. Safest investment - eventually the value will increase over time
  2. Something to leave for the kids - when we go we know they are secured
This is the reality and for the average person, it takes them almost their whole working life to buy a house via a mortgage. I question, is this really living life? Being stuck in a job you may not like anymore but too afraid to change because you need to pay off your mortgage.

There are pros and cons to everything it's all about how you perceive it but for me ensure, you can lead a comfortable life whilst whatever you do.
 

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