Who here owns a house or who is resigned to a life of renting?
I have enough for a deposit for a place in the bank and my partner has an inheritance from a now 102 year old grandparent you’d think would be expiring any day soon but is it really worth buying a place?
In Australia if you rent you don’t have to pay rates (council tax) or water which is a burden that we’re happy to be without but I guess the flip side is the insecurity involved with the insane rental market. I’m led to believe in Germany especially the system is geared towards renters so less of a cultural pressure to buy. With houses becoming harder and harder to buy is the future renting? Buying a trailer to park up at a fancy trailer park?
Or should people like me suck it up and move to a shiiiiit area just to get on the property ladder? And finally, to people that have bought places… do you regret it?
Home Ownership
posted on 4/7/23
comment by The Welsh Xavi (U15412)
posted 4 hours, 45 minutes ago
comment by Pierre Reedy (U1734)
posted 6 minutes ago
Being able to live with your parents for an extended period is a massive factor these days and how the majority of younger folk afford to buy places. A large percentage though are not able to do that and have to live month to month maybe saving £100 a month.
That doesn't mean one young person is more hard working and sacrificing than the other, just more fortunate circumstances.
In fact, the one that can't afford to buy the house because they are 100% sustainable themselves probably deserves more respect.
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I'm late 20's and was fortunate enough to live with parents after uni but I still paid (admittedly small by comparison) rent every month of £250 to help with food, bills etc.
By comparison I had a friend who was in the same situation except he paid nothing because his parents didn't need it.
To absolute no surprise he now owns his own home whilst I'm renting mine and still trying to save, and I acknowledge I'm one of the luckier ones. Genuinely no idea how those without parental help even manage it today.
----------------------------------------------------------------------
True. Neither my wife or I got any help from our parents as they simply couldn't. In fact my wife bought a home for her parents to live in due to the absolute dump they grew up in. We haven't even bought one for ourselves to live in yet. However that was in a different country where it's cheaper. Our home will likely cost six times what we paid for the home her parents now live in, which is a newly built apartment.
Our kids will have a different experience as we will be able to help a lot. However that's if things don't continue to get worse and owning becomes unaffordable, whilst banks have went too far the other way after irresponsible lending, after the crash in 2008.
posted on 4/7/23
comment by Busby (U19985)
posted 27 minutes ago
comment by Irishred (U2539)
posted 1 hour, 43 minutes ago
comment by Busby (U19985)
posted 1 hour, 11 minutes ago
comment by Pierre Reedy (U1734)
posted 12 minutes ago
There probably is a generation now that finished uni around covid time, stayed with their parents, got a job which allows remote working, they continue to stay with their parents and work from home and save loads of money.
Flexible working is the way forward to meet people's personal circumstances and allow them to buy a property which they wouldn't be able to (geographically) if they had to be in an office every day.
----------------------------------------------------------------------
Agree to an extent, we've promoted flexible working at my place way before lockdown, and surprisingly the majority tend to come in office at least 3 times a week.
Those that haven't, generally haven't progressed well within the company.
I think it works better at big entities where your role is largely prescriptive. But I'm sure we all know that person who works from home, does the bare minimum and makes a living off of it.
----------------------------------------------------------------------
Any reason why those who wfh more don’t progress? Or is it a company thing? Might not be policy but a lot of big companies operate like this
I work for American pharmaceutical company so have seen this, I go into the office as little as possible
----------------------------------------------------------------------
there’s been a few reasons;
- it’s difficult to learn from experienced team members remotely, you miss out on a lot of the conversation and problem solving.
- we’re quite small so there isn’t always a process to follow for every scenario and admittedly we’ve learnt a lot from previous onboarding. It’s also very difficult to manage people remotely in my experience, harder to build relationships.
- some people just get away with the bare minimum which doesn’t fit our values and is unfair on those who do put the effort in and log the billable hours.
I’d add, we are extremely flexible and some do well remotely with just occasional visits. As mentioned we have done this for 10 years now.
----------------------------------------------------------------------
My wife got two promotions whilst working from home and did more work at home than in the office, same hours but working for two hours instead of sitting in traffic.
When I work from home I can definitely get more done also, less time having to deal with nonsense when people call in to see you and I do...most of the time. But there are definitely days where I just couldn't be bothered and just do the bare minimum. That wouldn't happen if I was in the office.
posted on 4/7/23
comment by There'sOne7-0Reds (U1721)
posted 22 minutes ago
comment by Busby (U19985)
posted 27 minutes ago
comment by Irishred (U2539)
posted 1 hour, 43 minutes ago
comment by Busby (U19985)
posted 1 hour, 11 minutes ago
comment by Pierre Reedy (U1734)
posted 12 minutes ago
There probably is a generation now that finished uni around covid time, stayed with their parents, got a job which allows remote working, they continue to stay with their parents and work from home and save loads of money.
Flexible working is the way forward to meet people's personal circumstances and allow them to buy a property which they wouldn't be able to (geographically) if they had to be in an office every day.
----------------------------------------------------------------------
Agree to an extent, we've promoted flexible working at my place way before lockdown, and surprisingly the majority tend to come in office at least 3 times a week.
Those that haven't, generally haven't progressed well within the company.
I think it works better at big entities where your role is largely prescriptive. But I'm sure we all know that person who works from home, does the bare minimum and makes a living off of it.
----------------------------------------------------------------------
Any reason why those who wfh more don’t progress? Or is it a company thing? Might not be policy but a lot of big companies operate like this
I work for American pharmaceutical company so have seen this, I go into the office as little as possible
----------------------------------------------------------------------
there’s been a few reasons;
- it’s difficult to learn from experienced team members remotely, you miss out on a lot of the conversation and problem solving.
- we’re quite small so there isn’t always a process to follow for every scenario and admittedly we’ve learnt a lot from previous onboarding. It’s also very difficult to manage people remotely in my experience, harder to build relationships.
- some people just get away with the bare minimum which doesn’t fit our values and is unfair on those who do put the effort in and log the billable hours.
I’d add, we are extremely flexible and some do well remotely with just occasional visits. As mentioned we have done this for 10 years now.
----------------------------------------------------------------------
My wife got two promotions whilst working from home and did more work at home than in the office, same hours but working for two hours instead of sitting in traffic.
When I work from home I can definitely get more done also, less time having to deal with nonsense when people call in to see you and I do...most of the time. But there are definitely days where I just couldn't be bothered and just do the bare minimum. That wouldn't happen if I was in the office.
----------------------------------------------------------------------
Yeah basically this
posted on 4/7/23
comment by Irishred (U2539)
posted 27 minutes ago
comment by There'sOne7-0Reds (U1721)
posted 22 minutes ago
comment by Busby (U19985)
posted 27 minutes ago
comment by Irishred (U2539)
posted 1 hour, 43 minutes ago
comment by Busby (U19985)
posted 1 hour, 11 minutes ago
comment by Pierre Reedy (U1734)
posted 12 minutes ago
There probably is a generation now that finished uni around covid time, stayed with their parents, got a job which allows remote working, they continue to stay with their parents and work from home and save loads of money.
Flexible working is the way forward to meet people's personal circumstances and allow them to buy a property which they wouldn't be able to (geographically) if they had to be in an office every day.
----------------------------------------------------------------------
Agree to an extent, we've promoted flexible working at my place way before lockdown, and surprisingly the majority tend to come in office at least 3 times a week.
Those that haven't, generally haven't progressed well within the company.
I think it works better at big entities where your role is largely prescriptive. But I'm sure we all know that person who works from home, does the bare minimum and makes a living off of it.
----------------------------------------------------------------------
Any reason why those who wfh more don’t progress? Or is it a company thing? Might not be policy but a lot of big companies operate like this
I work for American pharmaceutical company so have seen this, I go into the office as little as possible
----------------------------------------------------------------------
there’s been a few reasons;
- it’s difficult to learn from experienced team members remotely, you miss out on a lot of the conversation and problem solving.
- we’re quite small so there isn’t always a process to follow for every scenario and admittedly we’ve learnt a lot from previous onboarding. It’s also very difficult to manage people remotely in my experience, harder to build relationships.
- some people just get away with the bare minimum which doesn’t fit our values and is unfair on those who do put the effort in and log the billable hours.
I’d add, we are extremely flexible and some do well remotely with just occasional visits. As mentioned we have done this for 10 years now.
----------------------------------------------------------------------
My wife got two promotions whilst working from home and did more work at home than in the office, same hours but working for two hours instead of sitting in traffic.
When I work from home I can definitely get more done also, less time having to deal with nonsense when people call in to see you and I do...most of the time. But there are definitely days where I just couldn't be bothered and just do the bare minimum. That wouldn't happen if I was in the office.
----------------------------------------------------------------------
Yeah basically this
----------------------------------------------------------------------
I should add I do the bare minimum as often as possible.
posted on 4/7/23
It's possible for me to do it everyday but I want to make improvements as it's a challenge and I need to set myself goals, otherwise I'd have no interest working. What I earn basically pays for childcare and the car which I wouldn't have if I didn't work.
posted on 4/7/23
comment by There'sOne7-0Reds (U1721)
posted 2 hours, 46 minutes ago
comment by Busby (U19985)
posted 27 minutes ago
comment by Irishred (U2539)
posted 1 hour, 43 minutes ago
comment by Busby (U19985)
posted 1 hour, 11 minutes ago
comment by Pierre Reedy (U1734)
posted 12 minutes ago
There probably is a generation now that finished uni around covid time, stayed with their parents, got a job which allows remote working, they continue to stay with their parents and work from home and save loads of money.
Flexible working is the way forward to meet people's personal circumstances and allow them to buy a property which they wouldn't be able to (geographically) if they had to be in an office every day.
----------------------------------------------------------------------
Agree to an extent, we've promoted flexible working at my place way before lockdown, and surprisingly the majority tend to come in office at least 3 times a week.
Those that haven't, generally haven't progressed well within the company.
I think it works better at big entities where your role is largely prescriptive. But I'm sure we all know that person who works from home, does the bare minimum and makes a living off of it.
----------------------------------------------------------------------
Any reason why those who wfh more don’t progress? Or is it a company thing? Might not be policy but a lot of big companies operate like this
I work for American pharmaceutical company so have seen this, I go into the office as little as possible
----------------------------------------------------------------------
there’s been a few reasons;
- it’s difficult to learn from experienced team members remotely, you miss out on a lot of the conversation and problem solving.
- we’re quite small so there isn’t always a process to follow for every scenario and admittedly we’ve learnt a lot from previous onboarding. It’s also very difficult to manage people remotely in my experience, harder to build relationships.
- some people just get away with the bare minimum which doesn’t fit our values and is unfair on those who do put the effort in and log the billable hours.
I’d add, we are extremely flexible and some do well remotely with just occasional visits. As mentioned we have done this for 10 years now.
----------------------------------------------------------------------
My wife got two promotions whilst working from home and did more work at home than in the office, same hours but working for two hours instead of sitting in traffic.
When I work from home I can definitely get more done also, less time having to deal with nonsense when people call in to see you and I do...most of the time. But there are definitely days where I just couldn't be bothered and just do the bare minimum. That wouldn't happen if I was in the office.
----------------------------------------------------------------------
I much prefer working in my uffice than from home
Only good thing about wfh is time save not travelling
or having soccer on the tv butt even that aint grate becuse cannot really watch it proper
posted on 4/7/23
Benefits of working at home:
No travel
Longer sleep
Don't need to shower as soon as you get up
Can cook and eat whenever you want
Do washing and such
Cook and eat whilst working so lunch can be spent doing activities or gym etc
Cook more food after gym
Get girls round at lunch, or boys
Private toilet
Private office space with no one shouting
Can wander about more. Change rooms etc
Watch sport more easily
Get peace and quiet when you actually need to concentrate
Be able to say what you want on calls without an office listening
Home coffee
Go meet people you want to meet after work cos you aren't drained by people
Can have pets
Can be productive during pointless meetings
Farting
Disbenefits of working at home:
Don't get to see the colleagues that you don't want to see
Lack of distracting noises from colleagues which you really need to be productive
Don't get to poo with other people
Don't get to have terrible expensive lunch instead of doing activities at lunch
Don't get tired out by terrible people so you don't have to go out and see your friends later cos you're too drained
Don't get to pay attention to all meetings when they are not relevant or necessary
posted on 4/7/23
Some amount of either naivety or misplaced spite from one or two older people in this thread.
I'm a millennial, a homeowner for 7+ years, and fortunate to be so. I graduated and got my first job with a salary in the low 20s. Shared a studio flat with my girlfriend who was still a full time student, took the train to work, and managed to put aside a small amount of savings every month, but nothing drastic. Eventually used those savings after a few years to buy a ~£7k car. Started saving again, lost my job in a wave of redundancies, burned through my pitiful savings, got another job on still under 30k, moved to another city, paid ~600/month rent plus the unavoidable bills on top - no football channels or other subscription services at all. Scraped what little savings I could, got made redundant again, moved city again, got a new job paying a little over £30k, saved every penny I could, borrowed substantially from my dad's pension lump sum, and after many failed bids finally somehow managed to buy a tiny flat for under the home report value due to some sheer idiocy or negligence on the part of the seller. Even with the money I borrowed from my dad, I wouldn't have been able to buy at that point if I'd needed to go more than about £5k over home report.
Of course once you're on the ladder it's a cinch, but getting on it is a fvcking nightmare, even as someone who's never bought a car on finance, doesn't have subscription services, doesn't splash out on fancy clothes or big TVs (never spent more than £100 on one), upgrade my phone about once every 5 years, and just generally keep a tight grasp on the finances. The system is just rigged against first time buyers. There's a flat in my close, identical layout as mine, went up for rent this year for about 4x my monthly mortgage payments. How in the fvck is anyone supposed to save in those circumstances? Living with parents is not a luxury everyone has.
posted on 4/7/23
comment by WorkPermitPending (U1067)
posted 8 minutes ago
Some amount of either naivety or misplaced spite from one or two older people in this thread.
I'm a millennial, a homeowner for 7+ years, and fortunate to be so. I graduated and got my first job with a salary in the low 20s. Shared a studio flat with my girlfriend who was still a full time student, took the train to work, and managed to put aside a small amount of savings every month, but nothing drastic. Eventually used those savings after a few years to buy a ~£7k car. Started saving again, lost my job in a wave of redundancies, burned through my pitiful savings, got another job on still under 30k, moved to another city, paid ~600/month rent plus the unavoidable bills on top - no football channels or other subscription services at all. Scraped what little savings I could, got made redundant again, moved city again, got a new job paying a little over £30k, saved every penny I could, borrowed substantially from my dad's pension lump sum, and after many failed bids finally somehow managed to buy a tiny flat for under the home report value due to some sheer idiocy or negligence on the part of the seller. Even with the money I borrowed from my dad, I wouldn't have been able to buy at that point if I'd needed to go more than about £5k over home report.
Of course once you're on the ladder it's a cinch, but getting on it is a fvcking nightmare, even as someone who's never bought a car on finance, doesn't have subscription services, doesn't splash out on fancy clothes or big TVs (never spent more than £100 on one), upgrade my phone about once every 5 years, and just generally keep a tight grasp on the finances. The system is just rigged against first time buyers. There's a flat in my close, identical layout as mine, went up for rent this year for about 4x my monthly mortgage payments. How in the fvck is anyone supposed to save in those circumstances? Living with parents is not a luxury everyone has.
------------------------------------------------------------
Complaining but you admit that you DO have a TV and phone??
posted on 5/7/23
Guilty as charged, I also own more than one pair of shoes and on at least one occasion have eaten avocado.