as a millenial, life ends at 18

at 20 and already considering my first commercial property that will be turning over a couple of hundred grand a year once i have paid the five year purchase plan

Nice

at 20 and already considering my first commercial property that will be turning over a couple of hundred grand a year once i have paid the five year purchase plan

And who will be managing this property?

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i'd manage in in the first few years then hire some staff and open another branch and so on and so forth until i can afford to retire (£100,000,000)

None of that suggests any of your initial post to be correct.

Anyone earning even minimum wage working full time can afford to buy a house in the UK.

Are you high? Minimum wage is £6.30 an hour,

thats like £250 befoe tax a week (37.5 hours). Works out about £12500 a year after tax.

Typical mortgage providers allow a maximum of 4.5x the highest earners annual salary. If the highest earner is on minimum wage they could afford a maximum of £60000 for a house before saving for a deposit (If youre on minimum wage how do you save for a deposit)

Which may get you a one bed flat if youre lucky in most areas. You could argue "go where you can afford then" but minimum wage jobs are required all over the country, not just where they can afford to live.

You have got your work cut out, managing commercial property is harder than it looks.

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i only have to for five year than it who ever i pay to's problem

It's not.

Indeed. Minimum wage jobs are required all over the country... so move to somewhere which cheaper housing and get a minimum wage job there instead.

herp derp, who will make all the tea and coffee in the london cafes that everyone loves to frequent under that analogy. Supply and demand doesnt work when you move everyone into one area.

Those willing to live 20 to a room I'd guess.

But we've gone off topic and you're trying to lead me into a different discussion. My response was:

Anyone earning even minimum wage working full time can afford to buy a house in the UK.

I was very clear to not specify a particular area of the UK. House prices in London and certain other pockets remain out of reach of those on minimum (and indeed far higher) wages, but that does not detract from my point that there are plenty of alternatives which offer both affordable housing and minimum wage jobs to move to if you so wished.

Also i ran the numbers through a mortgage calculator of a couple earning £12500 each WITH NO outgoings, no bills at all and it came as £87000. This is the absolute maximum based purely on salary and not outgoings (which you must provide to a mortgage provider)

the majority of the country this is not affordable nor realistic, especially where I live in sussex, the affordable housing is £150000-£200000.

Regardless of location £87000 is still far below the normal house price

There are plenty of alternatives, but it isnt an ideal scenario. You make it seem like nothing needs to change.

You make it sound so simple. I am one those people who is a paid to manage properties. It is still your problem as long as you own it.

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None of that suggests any of your initial post to be correct.

Anyone earning even minimum wage working full time can afford to buy a house in the UK.

ok but it's mostly just pouring money in and that's easy if you're making a couple of grand a day

lolwut Where on earth would they even realistically be able to get a mortgage? I'd like to know which bank.

It isn't that simple, you will need to instruct solicitors and negotiate leases among other things.

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i'd get a soliciter on my payroll and leases i was told don't apply once you own a site by my old boss