You are reading a single comment by @cornelius_blackfoot and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
@cornelius_blackfoot
with andyp here, to many see buying a house as an investment, when it is your home, think of it that way and it changes how you perceive the money you put into it.
ITs difficult now, because unless you have a lot of money set aside for a deposit, taking advantage of the lower house prices and mortgage rates is really difficult/impossible. Heard a general rule of thumb is that if your rent/mortgage takes up more than a third of your income its too much. But hey this is london my friend.
My advice, keep saving as money on rent is just pissed away. Find an area you can live in, which you can get to work from and won't frighten you because your gonna have to live there for a while, buy flat/house and renovate/make yours overtime, live in your home! If home is more valuable at end, and you and girlfriend need more space for family like stuff sell home buy bigger one.