>discussing buying property with boomer parents
>hoping they could at least lend me something
>insist I "buy within my means" and that their first house - a fully detached 4 bedroom with garden was only £30,000
>suggest pokey shithole flats and studios to me and shitty "part buy part rent" schemes
>do a quick search
>£30,000 in the 1960s was around £600,000+++ by today's standards
God damn fucking boomers
To be fair, if you want to own a house in the UK, you can either have shithole flats and studios or a crippling mortgage for 60 years. Housing situation is fucking shitty.
If 30k back then is around 600k by todays standards than that means your parents struggled just about the same to make those 30k back then than you would to try to make 600k now. And they did it just fine.
So no excuses you lazy piece of shit faggot. Better get to work.
lol no, do you understand how inflation works
it's funny how his parents just made a 570K profit just buy sitting on their asses
Wages don't scale with inflation numb nuts.
>buying property in UK
i didn't even know this was possible
Yeah it's pretty fucked, I think they're gambling on dying out before all the bad decisions they made come back to bite them in the ass.
Jokes on them though, all the bad things they thought would happen in the distant future, long after they would die are happening right now. They're going to get eaten alive by the third world apes they imported in to replace us, honestly can't feel sorry for these self-genocidal traitorous pricks.
Your logic would add up if £1,300 was a yearly income for his Dad in the 1960s.
>I'm a boomer what's inflation
Fuck yourself faggot,
>Boomers
Kill them with poison, they have earned it
If they have a life insurance do it fast or you won't get it.
Keep in mind if the house prices ever do crash like the did in the US and Ireland ~8 years ago you could come out well ahead. Imagine having a £600K mortgage on a run down shit hole that's worth £180K.
If yr parents dont help you out with deposit they've failed as parents. You should be able to afford a mortgage especially with partner but less likely to have 20k to hand for deposit
They likely didn't make anywhere near that much. Mortgages back in the 80's in the UK were ridiculous, like 15% or so. In a lot of cases, people only paid off the interest on their loan and only owned a tiny part of the house, so when they sold, they got pretty much nothing back.
If they got a good mortgage or they're highly paid though, they would have been okay.
If they won't give him the cash he could simply cut off contact. It could emotionally destroy them. Not sure how much good it'll do him when he's sleeping under a bridge though.
You have to be a paki
>impliying Boomers have emotions
They are like the proto gibsmadeat generation
Come to America. We have room to spare.
Breivik had a mini-14, not an AK47
I'm lucky enough to have a trust fund for buying a house.
I'm incredibly grateful to my pretty much normal middle class parents for putting aside money they could have saved for their retirement for me.
>pic
did he died?
>buying property with mass migrations and displacements happening by the year
If you're going to buy property buy it in a rural area far from any city or town. Any populated places could turn to shit within months.
Not even wealthy towns are safe because a refugee camp could get built there. You're taking on a huge risk buying property.
Should I start a construction company in the UK?
A construction company in the UK run by eastern Europeans? What an original idea.
[spoiler]yeah go for it who gives a fuck[/spoiler]
Meanwhile in Texas
>4 beds 2 baths 1,404 sqft
>$130,000
zillow.com
Ugly house
Beggers can't be choosers, millennial.
whatever its a place to raise a family
zillow.com
Why invest in shitty real estate?
People who look for inexpensive houses are retards. Real estate is a great way to diversify your wealth, especially assuming you plan on living there for 20+ years. You should always shoot for land that is expensive, but affordable without destroying the value of your other investments and emergency cash in the bank.
Absolutely unaffordable here with an average annual salary of 24k eur after taxes.
Quite a low level life costs almost 1k for one person. The rest is barely enough to pay loans for a flat and a mid-tier car.
But that's okay. That we can throw billions to Turkey is more important.
People looking at real estate as an investment is the problem
That is why you get retards taking out giant loans to buy shitty homes in California
Because they keep going up in value
Real estate is an expense
zillow.com
And by the way. I saw my home town go from 90% white to 40% white over the course of a decade. Remember the real estate bubble? Shitloads of low income housing was built there and HUD just shipped in minorities by the boatload. It only took 10 years. Plus the real estate bubble brought in a lot of beaners.
Ever since then I've been averse to buying a house and I have enough money to buy one if I wanted to. You have to remember a house isn't a liquid asset. You have to have a buyer and if your neighborhood gets invaded by dindus good luck.
Hell NO! Regulations are insane! Some friends wanted to replace/modernize a 200+ yo outside loo with one with actual plumbing, sewage, power, etc. only to find that they had to go through at least 13 York and Yorkshire building codes and councils before finding that their taxes would jump almost 50% for having a detached and rent-able outbuilding. The pile-o-rocks is 6 1/2 by 4 on the outside and little more than a stone and mortar well with a ancient slate roof. The last estimate was half her yearly salary...just for fees with no guarantee of approval! And all it takes is one jerk to add years to the project with 'impact statements'. Some neighbors got caught with that on renovating pre-war windows because they were 'too modern'!
The way Europe is going, a better bet would be Hungary or Poland. They at least want no muslims. And, YES, I did not capitalize it!
>don't put all your eggs in one basket
>even if you have only one egg
>or one basket
I own 2 houses and have mortgages on 3 more. As long as they aren't vacant the renters pretty much cover the cost of mortgages all I end up covering is insurance and liabilities (like air conditioning). I've never really invested in stocks or anything because houses have always been a steady and reliable investment. I live in a place that has a good real estate market though, wouldn't recommend doing this sort of investment in a shit tier state like California.
I would be tempted to chuckle at your plight, but I'm funding your stupidity and my own. I guess that means you can belly laugh at me. After all, we REelected our moron in chief.
People really believe this... inflation man
How fucking stupid are you?
>parents downsized just under a year ago
>Was 5 bedroom; 3 bathroom semi detached house;
>27 years ago they paid an £11k deposit, full cost £60k~
>bought 23 acre field adjacent at same time for £13.5k
House with the field sold in September for £875k..
>tfw 29, make £34k, still living a home probably forever