|
|
|
|
|
|
by gambiting
1259 days ago
|
|
|
My sister just bought a house in Manchester(one of the larger UK cities) for £150k - she only needed a 5% deposit(so £7.5k) - she was able to save that within two years, working as a (rather poorly paid) photographer. I myself bought a house in Newcastle(not major, but not a tiny city) two years ago for £180k, we needed a 10% but me and my wife are in IT so we saved that in a year. My point is that yes - it's a global problem, but I honestly don't think everyone everywhere needs to save up for 7 years just to get a deposit. Maybe if you live in London you do, but elsewhere? Meh. Basic 3 bed houses are not so crazy expensive in most places, at least here in UK. |
|
|
LMAO, this is not normal anywhere else in Europe. Also, I bet she either has a lot of money saved up somewhere else, had her mortgage cosigned by someone else with a lot of income, etc. this is not normal at all.
I am not from Germany, but take Germany as an example: https://n26.com/en-eu/blog/cost-of-buying-a-house
"A good rule of thumb is to have at least 35% of the estimated cost. Germany: German residents can generally borrow up to 80% of the assessed property value, but non-residents usually get the short end of the stick. They have to put up 40–45% of the property value as down payment."
>two years ago for £180k
The average UK price house is 256k... https://ichef.bbci.co.uk/news/640/cpsprodpb/117DF/production...
You lucked out, arguably.
>My point is that yes - it's a global problem, but I honestly don't think everyone everywhere needs to save up for 7 years just to get a deposit. Maybe if you live in London you do, but elsewhere? Meh. Basic 3 bed houses are not so crazy expensive in most places, at least here in UK.
I make 12k after taxes and before other expenses... what are you talking about. And I am lucky not to pay rent with a terrible commute because I live with my parents.