Discussion
I have just got keys to my brand new place! Im extremely proud of myself not only for moving out, but for actually getting a mortgage at what was quite a low period in the economic downturn...at all 19 years old.
And no-mummy and daddys money was not involved.
Sorry. i just had to share this!
...
Again-im sorry.
And no-mummy and daddys money was not involved.
Sorry. i just had to share this!
...Again-im sorry.
You've bought at a pretty good time as long as you don't need to sell for a couple of years. Make sure you budget for the inevitable interest rate rises when they eventually happen, unless you're on a fixed rate of course. In the years to come you'll be really glad you got on the ladder at such an early age. Good for you!
rovermorris999 said:
You've bought at a pretty good time as long as you don't need to sell for a couple of years. Make sure you budget for the inevitable interest rate rises when they eventually happen, unless you're on a fixed rate of course. In the years to come you'll be really glad you got on the ladder at such an early age. Good for you!
Yep. You could have your mortgage paid off in your forties with such an early start.How nice would that be. I couldn't afford to get on the ladder until I was 30!
Stedman said:
I have just got keys to my brand new place! Im extremely proud of myself not only for moving out, but for actually getting a mortgage at what was quite a low period in the economic downturn...at all 19 years old.
And no-mummy and daddys money was not involved.
Sorry. i just had to share this!
...
Again-im sorry.
Well done young man! 19 is a very early start and I am sure that the ups and downs of the economy will challenge you once in a while but I am lead to believe that it is worth it! I remember in 1989, the year my first child was born, I had qualified as a chartered surveyor and the mortgage interest rates hit 14%. I thought my world had caved in! 75% of my monthly income on the mortgage alone and it was less than twice our joint incomes! And no-mummy and daddys money was not involved.
Sorry. i just had to share this!
...Again-im sorry.
What the other guy said, plan ahead just in case the interest rates go up, as they inevitably will. Enjoy the new gaff!!
!!)Man, please tell me what you're doing!
You're 19 - so I'm guessing you don't have a degree? Anf if you're 19 - you would have left school less than 3 years ago?
Do you mind me asking what you do and how you've got there without any financial assitance? I'm 23 and now gone back to uni due to virtually no-one wanting to employ me for anything other than minimum wage jobs
Andy
You're 19 - so I'm guessing you don't have a degree? Anf if you're 19 - you would have left school less than 3 years ago?
Do you mind me asking what you do and how you've got there without any financial assitance? I'm 23 and now gone back to uni due to virtually no-one wanting to employ me for anything other than minimum wage jobs
Andy
anonymous said:
[redacted]
Going to university to gain a degree is (in most circumstances) a means to achieving a higher lifetime's earnings than not. Of course, many, many high achievers in life will not have enjoyed higher education, and good for them, but for a majority of young people a degree is certainly no bad thing.If the poster has an intention to join the professions, be that law, engineering, teaching, pilotting, whatever, a degree is one of the surest means of achieving that goal (again, I accept not the only means).
I fully understand the graduate recruitment market this year has not performed well, and many young people have perhaps in hindsight unwisely taken a university degree in "lesser subjects" at "lesser institutions" over, for example, more practical on the job training, but overall, for a usefully intelligent young person I see no great harm in three years out of the labour market while training right now. A great number of talented graduates this year have opted out of trying to gain entry into the labour market and have applied for Masters or other post graduate courses in an attempt to avoid this years' gloom hoping things will improve when they graduate - which is another gamble, but an understandable one. Similarly, a great many school leavers of three/five years ago who opted not to go on to formal further or higher education but entered the job market have experienced redundancy during this downturn. Would they have been better off at university? Possibly. Possibly not. And easier to judge in hindsight than at the time of the decision being made.
I appreciate this subject could be part of a much wider debate, and there are many many counter-arguments for both the individual and for the economy/country as a whole, but I see a university education in a similar way to the stock markewt or the housing market. At certain times, for some people, it would be a poor choice but for a greater number of able people, more commonly, measured over a longer period, not such a bad choice.
Good for you, Red Rover, if you've decided to go down this route. I hope it all works out for you and in, say, six years, you'll be posting an "I'M SO HAPPY" thread, too.
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