How many properties do you realistically want to own?

    • Thread Starter
    Offline

    2
    ReputationRep:
    When you're older, do you just want to buy a single house and live in that or do you plan on saving up then buying many rental properties and making money from those real estate investments? Or are you not planning to buy a home?
    Offline

    3
    ReputationRep:
    I intend to buy my own house but further investment will depend on my financial situation in the future.

    I probably don't intend to rent a property out unless I have enough spare money to warrant it. If I had the money to buy a property to rent, in the knowledge that I won't see returns on it for a long time then I'd probably invest the money elsewhere.

    Another option that you didn't directly mention, I may potentially buy a holiday home as well although again that would likely be a poor investment.
    Offline

    2
    ReputationRep:
    bout three fiddy
    Offline

    2
    ReputationRep:
    One.
    More houses don't mean happiness. I would like happiness not lots of houses.
    Offline

    3
    ReputationRep:
    One house as a pension fund, one house to live in, and a collection of cars!
    Offline

    3
    ReputationRep:
    2, one home to live in and another to rent out to have some extra income rolling in...
    Offline

    3
    ReputationRep:
    I plan to purchase my parents house via the right to buy.
    I plan to purchase a city center apartment.
    I plan to purchase a family home.
    I plan to sell home 3 in order to build a home and let out the others.

    So 3 at once, one of which will be let.
    Offline

    3
    ReputationRep:
    1 to live in. I think the ship has sailed on property investments. How much more can prices increase? The government is reducing tax breaks on buy to let and I don't think I could be arsed with the hassle of dealing with tenants. I would rather invest in other stuff.
    Offline

    3
    ReputationRep:
    Jesus, I'm never gonna be able to afford to buy a house.
    Offline

    3
    ReputationRep:
    1 for any length of time, possibly 2 at points if I have the money to renovate before moving to a new one so I don't have to live on a building site while work takes place
    Offline

    3
    ReputationRep:
    (Original post by Sternumator)
    1 to live in. I think the ship has sailed on property investments. How much more can prices increase? The government is reducing tax breaks on buy to let and I don't think I could be arsed with the hassle of dealing with tenants. I would rather invest in other stuff.
    I agree that the market will correct eventually however if your mortgage free then you can get regular income from letting out albeit i agree that it's hastle.

    (Original post by SmallTownGirl)
    Jesus, I'm never gonna be able to afford to buy a house.
    That's only true if you stay in London.
    Online

    2
    ReputationRep:
    I want to have 10 rentals before i'm 40 (though this may be a stretch especially with the new laws in place with tax/stamp duty for 2nd homes), my parents have 4.5 (50% share) so growing up it was always kind of a thing I wanted to get into and I saw it as an easy way to partly retire.
    Offline

    1
    ReputationRep:
    being able to own just one house of my own would be beyond a massive achievement for me
    Offline

    2
    ReputationRep:
    I'd want multiple houses or stuff like that. One main one to live in. And the others may act as secret hideouts...! I could also conduct suspicious activities in/through them...
    Offline

    3
    ReputationRep:
    (Original post by Rakas21)
    That's only true if you stay in London.
    I don't live in London. I have also never lived in London. London isn't the only place that's entirely unaffordable. Because of my disability I'm unlikely to ever get more than a minimum wage job (if I ever get well enough that I could work at all).
    Offline

    2
    ReputationRep:
    2 - One family home here in London and another holiday home in the caribbean or somewhere exotic (never gonna happen but still)
    Offline

    3
    ReputationRep:
    (Original post by squish562)
    When you're older, do you just want to buy a single house and live in that or do you plan on saving up then buying many rental properties and making money from those real estate investments? Or are you not planning to buy a home?
    Main home, 2-3 holiday homes, then maybe a small unit for uni students to rent out. Aim is to maximise rental income and have a decent variety of options to choose from if I want to say move home or nip on vacation

    Posted from TSR Mobile
    Offline

    2
    ReputationRep:
    (Original post by Princepieman)
    Main home, 2-3 holiday homes, then maybe a small unit for uni students to rent out. Aim is to maximise rental income and have a decent variety of options to choose from if I want to say move home or nip on vacation

    Posted from TSR Mobile
    You're going to need a HUGE salary for that, that's like £1-2 million of property.
    Offline

    2
    ReputationRep:
    I would like to own a nice semi detached or detached home in London or the Home Counties. Probably around £600000. Obviously I'll start off with smaller houses and then move up the property ladder.
    Offline

    2
    ReputationRep:
    (Original post by Allie4)
    being able to own just one house of my own would be beyond a massive achievement for me
    I know right? Especially in London with the sky high prices. A 3 bedroom in the suburban boroughs costs like £500000+ now! I doubt anyone except the upper middle class and upper class will be able to buy that type of property here in the future.
 
 
 
Write a reply… Reply
Submit reply

Register

Thanks for posting! You just need to create an account in order to submit the post
  1. this can't be left blank
    that username has been taken, please choose another Forgotten your password?
  2. this can't be left blank
    this email is already registered. Forgotten your password?
  3. this can't be left blank

    6 characters or longer with both numbers and letters is safer

  4. this can't be left empty
    your full birthday is required
  1. Oops, you need to agree to our Ts&Cs to register
  2. Slide to join now Processing…

Updated: October 3, 2016
TSR Support Team

We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

Today on TSR
Poll
Would you ever go to a non Russell Group uni?
Useful resources

Articles and guides:

Hands typing

Degrees without fees

Discover more about degree-level apprenticeships.

A-Z of careers Advice on choosing a careerCV writing helpCovering letter helpInterview tips

Featured recruiter profiles:

CGI logo

CGI is open for applications

"Offering a range of apprentice and sponsored degree positions."

Deutsche Bank logo

Deutsche Bank is recruiting

"Thrive in an international banking environment"

ICAEW logo

Merck

"Merck is a global leader in specialized pharma & chemicals – join us!"

Army logo

The Army is recruiting now

"With hundreds of roles available, there’s more than one way to be the best."

Bianca Miller, runner-up on The Apprentice

Handle your digital footprint

What would an employer find out about you on Google? Find out how to take control.

Quick links:

Unanswered career sector and employment threads

Groups associated with this forum:

View associated groups

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Quick reply
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.