With rent increasing is now the time to buy a 2nd property from the bank

[anon32894817]

@anon78624367

It’s grand if you’re living at home to be talking about not tying yourself down to a mortgage, if you’re renting you’d seriously want to be thinking about getting on the ladder by mid to late 20s. If you’ve kids while you’re renting you’re fucked. You’ll be stuck renting forever.

If you’re hanging around waiting for a recession you’re also wasting your time. The money you’d save on the cost of the house will be gone into the dead hole of the rent in the meantime

@Ambrose_McNulty

@anon32894817

Imo lads in their mid 20s should be enjoying themselves and exploring the world.

Why are you arguing with yourself? No one here is saying lads in their mid twenties should have a mortgage.

…

[anon26343222]

I purchased a house in my late 20s. Best decision I ever made, I’d have 30k - 40k in rent paid to someone else if I didn’t. Buy buy buy. Build or buy, don’t rent, and don’t leech off the parents. Fellas living rent free telling lads with mortgages what the story is. I’m going to the local for a pint, il get some mileage out of that bullshit.

[anon32894817]

As I said everybody is different. I don’t mind renting as I’ve no idea where I want to be In 18 months time.

[anon78624367]

Out of all the lads I grew up with, only one of them didn’t buy a house in his twenties. He stayed a teenager until he was in his mid thirties. Boozing it up and whoring and that. He met a one then and she wanted to buy. He’d to work two jobs to get the deposit for the mortgage coz he’d all his cash spent on booze and rent.

He regrets every minute of it. He can’t remember half of it

[anon32894817]

@anon26343222

I purchased a house in my late 20s. Best decision I ever made, I’d have 30k - 40k in rent paid to someone else if I didn’t. Buy buy buy. Build or buy, don’t rent, and don’t leech off the parents. Fellas living rent free telling lads with mortgages what the story is. I’m going to the local for a pint, il get some mileage out of that bullshit.

There’s probably a big difference between buying when you did and buying now. I’d imagine your house is worth a lot more now than you’d paid for it.

[The_Most_Infamous]

@anon32894817

@anon26343222

I’m lucky iv my own patch and no noisy neighbours. I can’t understand how ppl are paying serious amounts of money to like beside a kids crying or a dog barking or a shower of regenerated cunts. Be careful. Sit outside the house for a week see what the story is.

I actually think this is a horrible narrow minded view. If more people lived in estates joined to villages and not along the side of the road there would be much more of a community in towns and villages around Ireland. Local shops and pubs would benefit hugely. Also it would make improving public transport across the board much easier to justify and reduce the the number of cars on the road which would be good. The sewage issue is also something I’d have worries about going forward too. It’s something very noticeable when you visit the Cotswolds. Very little houses outside of the local village. It’s also aesthetically beautiful. Their towns always seem so vibrant with local markets and lots more people about. I also think if people lived in estates they would move back to the idea of living in a house that’s practical to their needs. You see these massive houses built on the side of the road and when the kids move on there a completely ridiculous size and a massive eye sore on the country side. I can understand if people build a house they never want to let go even if makes sense to do so but I do laugh at couples crippled paying back a mortgage on a huge 5 bedroom house, living In the middle of nowhere and having to finance two cars on the road to drive 45 minutes to work. Their only pastime is probably cutting the lawn.

Thats all grand until you live in a housing estate mate. Having no neighbours is my goal now.

[anon32894817]

@anon78624367

Out of all the lads I grew up with, only one of them didn’t buy a house in his twenties. He stayed a teenager until he was in his mid thirties. Boozing it up and whoring and that. He met a one then and she wanted to buy. He’d to work two jobs to get the deposit for the mortgage coz he’d all his cash spent on booze and rent.

He regrets every minute of it. He can’t remember half of it

People like you and @anon26343222 are very similar. Settle down as quickly possible, buy a house quickly as possible and have kids as quickly possible. I’d have a different view on life. Either way that’s a separate discussion the main point was anybody in their mid 20s to late 20s looking to buy right now is simple. We are facing into another global recession and you’ll be in negative equity and possibly jobless in 2-3 years. You would want to be crazy in my opinion to go buying right now unless your somebody like @Juhniallio who literally needs to buy.

[Copper_pipe]

I’d be aiming to late 20s also or maybe early 30s*. Putting away a few quid every month as it is for when the time comes to settle down but as for where I see myself in 5 years I have no idea. I couldn’t tell you what I’m doing in 5 weeks not to kind 5 years.

• depends on success on Tinder

[anon32894817]

@Copper_pipe

I’d be aiming to late 20s also or maybe early 30s*. Putting away a few quid every month as it is for when the time comes to settle down but as for where I see myself in 5 years I have no idea. I couldn’t tell you what I’m doing in 5 weeks not to kind 5 years.

• depends on success on Tinder

I’d be aiming to get married at 35, house at 36 and 2 kids both born by the time I’m forty.

[The_Most_Infamous]

Easier said than done buddy, but that would be prudent alright.

[Copper_pipe]

I’m 24 in October. I’ve plenty time yet to be acting the bollox or so I keep telling myself anyway.

[Chucks_Nwoko]

You’ll need a job by the time you’re 36 or will you be paying in cash?

[anon32894817]

In around those numbers anyway. I’d say houses will go cheaply in the next 18 - 24 months. A neighbor sold a house for 85k In the local estate a few years back and the same house was recently sold for 250k. The lad bought that house for 85k must be a happy man. I could see myself buying one if there’s a crash to those extents.

[feck_it]

The timing was lucky for some people, unlucky for others like myself and the wife

[The_Most_Infamous]

I’ll be honest I bought at the end of 2015, and have done well LTV wise since then. Reckon i’ll have 100-120k to play around with when I sell up at the end of the year. Will cover the 2nd time buyer 20% deposit anyway.

Definitely get something decent enough for that in Co. limerick.

[anon32894817]

@Chucks_Nwoko

You’ll need a job by the time you’re 36 or will you be paying in cash?

I’m making enough money at the moment to pay rent, cover a few bills and have a good trips away a year. I couldn’t be happier with my current situation.

[anon32894817]

@feck_it

The timing was lucky for some people, unlucky for others like myself and the wife

Yes that’s why I don’t understand @anon26343222 and @anon78624367 buy buy mentality particularly for people In their mid 20s. Right now for my Nickle is a bad time to buy unless you’ve family or something like that.

[Chucks_Nwoko]

Banks look at income a bit closer than that. Who is the employer? How long have you been employed there? Etc
An income from putting bets on for a “professional” gambler would raise a little red flag in my opinion.

[anon26343222]

Settle down as early as possible? I rode half of lit and ul ha ha. I had game lad I didn’t need the help of tinder or the Internet to photoshop a photo to get me a ride.

[anon32894817]

Given lit is 70 percent males I wouldn’t be boasting about riding half of the students there.