| Comment | Look, it is shit - I 100% get that.
Could you down grade the property you hope to buy? Lets face it, you can work all hours a day, never buy an avocado and cancel netflix or whatever the advice is. But, the fact is properties are going to get more expensive faster than you can earn and save.
For example, I bought a 1 bed in a not great area for an absolute steal. It really was one of the cheapest properties in the area and much worse than what I was renting previously. It was too small for us, especially with both of us WFH. It was a shitty location that honestly, I hated. It also needed a lot of work that we had to do ourselves bit by bit.
But mortgages are so much cheaper than rent so we could up our savings AND had the capital paid out in mortgage payments. We then sold after an extra 3 years saving and had enough capital as the flat had increased in value to go into a bigger property in a better location. |
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