Scort_CVH Posted June 12, 2012 Share Posted June 12, 2012 So, on my day off work I've been thinking (dangerous) Basically one of my mates has just put a deposit down on a house, he's 20yo works full time (bear in mind houses up here are much cheaper (70k - 3 bed in an average area needing modernised)) Me - I'm a uni student about to do into my honours year, work part time in retail and spunk all my cash on cars I've just been thinking is it time to start being more sensible, save for a presentable car and think about the future or enjoying being young and reasonably care free whileI can? Sparked off by other mate offering me a saph cvh cossie rep (rst and sideways etc) but waste of cash Link to comment Share on other sites More sharing options...
sortedford Posted June 12, 2012 Share Posted June 12, 2012 Enjoy it. Finish uni buy a Cossie, thats what I did. Loads of time to 'grow up'. Link to comment Share on other sites More sharing options...
Naylor2006 Posted June 12, 2012 Share Posted June 12, 2012 So, on my day off work I've been thinking (dangerous) Basically one of my mates has just put a deposit down on a house, he's 20yo works full time (bear in mind houses up here are much cheaper (70k - 3 bed in an average area needing modernised)) Me - I'm a uni student about to do into my honours year, work part time in retail and spunk all my cash on cars I've just been thinking is it time to start being more sensible, save for a presentable car and think about the future or enjoying being young and reasonably care free whileI can? Sparked off by other mate offering me a saph cvh cossie rep (rst and sideways etc) but waste of cash I have pondered the same thing, ive been living with my GF in rented house for 6 years and I work hard play hard and spend all my money (well nearly) on my car, Im 27 and not married and being my gf is simular age I guess society says its time for marriage mortgage and children..... Well no, to afford a mortgage for a house worth owning I would need a massive deposit, I have no possibility of inheritance so this money would only come from me and the way I see it i'd need 20k at least saved and a 40 year mortgage. I earn a good wage for my age and location and have only been in that position since promotion around a year ago. I could save that money in around 2 years but i'd have to do nothing else. My car brings me joy and sadness but the journey over the last year has on the whole been rewarding. I dont see why I should give up so much to save for a house when I can just throw money at parties and my car, not interested in children yet and am fine renting. The housing market is a complete mystery to me as well not to mention difficult for a first time buyer. So although I dont know if ive fully understood the question I wouldnt worry about what your mates are doing and do what makes you happy, for me its my car right now as my main 'hobby' if you will, the time effort and money put it is high and my mates think im nuts whils they drive around in their golfs and leons but they arent me. Theres no need to force yourself in a certain direction because of what you feel you 'should' be doing. Link to comment Share on other sites More sharing options...
Ahmotorsport Posted June 12, 2012 Share Posted June 12, 2012 With SortedFord on this one. Link to comment Share on other sites More sharing options...
scottg17 Posted June 12, 2012 Share Posted June 12, 2012 I'm 22, Just got my ST, only live once, may as well enjoy it Link to comment Share on other sites More sharing options...
Naylor2006 Posted June 12, 2012 Share Posted June 12, 2012 Beginning the think a shorter answer was all he needed Link to comment Share on other sites More sharing options...
Stu Posted June 13, 2012 Share Posted June 13, 2012 I'd regret not buying a house as soon as I was able to. The amount of money i've burned over the last decade or so would have got me a long way into ownership by now. Link to comment Share on other sites More sharing options...
eetaylog Posted June 13, 2012 Share Posted June 13, 2012 I would have partly agreed with some of the above before now in that you should be enjoying yourself at a younger age, but i must say that even though the stamp duty holiday has ended theres still not been a better time to get yourself on the property ladder than right now. In a few years time when property values start going up again you will regret not having invested in your own pad. Link to comment Share on other sites More sharing options...
ScORTED Posted June 13, 2012 Share Posted June 13, 2012 Im 27 You are 27! Link to comment Share on other sites More sharing options...
Lee R Posted June 13, 2012 Share Posted June 13, 2012 I'd regret not buying a house as soon as I was able to. The amount of money i've burned over the last decade or so would have got me a long way into ownership by now. ditto. Wish i'd have got sensible ALOT earlier. Link to comment Share on other sites More sharing options...
sidrick Posted June 13, 2012 Share Posted June 13, 2012 I'd regret not buying a house as soon as I was able to. The amount of money i've burned over the last decade or so would have got me a long way into ownership by now. ditto. Wish i'd have got sensible ALOT earlier. Another one for this. Doing it this year but should definitely have done it 5-7 years ago instead of pissing money on crap cars, girls and getting pished. Those with the 'you only live once' attitude are either very well off, or very naive. Link to comment Share on other sites More sharing options...
Simonez Posted June 13, 2012 Share Posted June 13, 2012 bought my first house when i was 24 and never looked back since! the fast cars had to stop, but im not complaining now, had my fun and still do Link to comment Share on other sites More sharing options...
duffa Posted June 13, 2012 Share Posted June 13, 2012 buy a house now ...then have a mid life crises and buy a daft car laters Link to comment Share on other sites More sharing options...
Jontrev Posted June 13, 2012 Share Posted June 13, 2012 Lifes unfair, I live in a Housing Assoation house, work 37 hrs a week (wife works as well), but I drive a 1998 Escort.My son is 23, works part time and drives a PEUGEOT 306 GTI ! Link to comment Share on other sites More sharing options...
Ahmotorsport Posted June 13, 2012 Share Posted June 13, 2012 My son is 23, works part time and drives a PEUGEOT 306 GTI !Is that a good thing then? Link to comment Share on other sites More sharing options...
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