> He said one of the main reasons he was able to do this was “extremely lucky family circumstances”.
Nothing to see here
Yeah it’s alright for some when your family pays your Oxford tuition.
Still borderline impossible for most young people to buy.
Eventually people will stop buying houses and banks will take over.
>They got a mortgage through a company called Generation Home. Chae says: “To be honest, we couldn’t have done it without them.”
>
>Her mum “is only able to give us as much as she is because it’s a loan protected by Generation Home, so she can get it back when we move and use it in retirement” and her stepfather has also taken a stake in the property, Chae says.
In these examples it’s always falling back on family wealth, it’s annoying
Could have taken a photo which looked a little less smug.
I’m managing to buy look at my first property, it’s taken me my whole working career (7 years) but I’m going to be able to buy a cheap property to get myself on the ladder at 24. I managed to avoid paying rent prices by staying at home and paying my mom £400 pounds instead. So luck at having a great mother and her insistence that I began saving for a house from the moment I started my apprenticeship allowed me to buy so young I think
Good grief it makes me so angry that the media is still pushing out these “buy now don’t miss the boat”, “housing is still affordable”, and of course the obligartory “I managed to buy a house at 18*”. This is exactly what was going on in the 00’s when I was a first time buyer and watching prices go up and up and up.
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* Because parents gave money, they inherited money, they flogged something valuable at auction, they live somewhere cheap etc.
7 comments
> He said one of the main reasons he was able to do this was “extremely lucky family circumstances”.
Nothing to see here
Yeah it’s alright for some when your family pays your Oxford tuition.
Still borderline impossible for most young people to buy.
Eventually people will stop buying houses and banks will take over.
>They got a mortgage through a company called Generation Home. Chae says: “To be honest, we couldn’t have done it without them.”
>
>Her mum “is only able to give us as much as she is because it’s a loan protected by Generation Home, so she can get it back when we move and use it in retirement” and her stepfather has also taken a stake in the property, Chae says.
In these examples it’s always falling back on family wealth, it’s annoying
Could have taken a photo which looked a little less smug.
I’m managing to buy look at my first property, it’s taken me my whole working career (7 years) but I’m going to be able to buy a cheap property to get myself on the ladder at 24. I managed to avoid paying rent prices by staying at home and paying my mom £400 pounds instead. So luck at having a great mother and her insistence that I began saving for a house from the moment I started my apprenticeship allowed me to buy so young I think
Good grief it makes me so angry that the media is still pushing out these “buy now don’t miss the boat”, “housing is still affordable”, and of course the obligartory “I managed to buy a house at 18*”. This is exactly what was going on in the 00’s when I was a first time buyer and watching prices go up and up and up.
​
* Because parents gave money, they inherited money, they flogged something valuable at auction, they live somewhere cheap etc.