What are the realistic chances of you buying your own houseWatch
Supply and demand housing doesn't work, its made me allot of money but that still doesn't change the fact it doesn't work.
I am on a low wage, cannot afford to save a lot for a deposit. I was thinking about going up north but now with Hs/ hs2 being built, properties prices will go up and Birmingham and Manchester will become the extended commuter belt of London.
You want to look for a cheap area to live like in the North East, Grimsby, South Wales, Burnley, Doncaster or Liverpool.
Choose the cheapest house possible instead of an expensive house. This is the mistake I made. I brought a house 4 times my salary level. I should of brought a house 1.5 times my salary and it would of been paid off in 2 years. I'm still paying my mortgage now on a fixed interest rate for the next 7 years.
A house perpetually costs you money. It doesn't change even if you own one.
Once you have a house you will have free cash to spend in other areas such as investments in Cryptocurrency, Mining Stocks and Peer to Peer lending. Investing in property right now is a bad idea unless you have a game changing technology that can create jobs out of thin air.
- Political Ambassador