This week we asked our Londoner community about their thoughts on buying a house; whether indeed it is a dream or not.
We live our lives often bound by our desires of securing a better life, which often means making a decent amount of money and hopefully in the end achieving the target of buying a property. This week we asked our Londoner community about their thoughts on buying a house; whether indeed it is a dream or not.
I came to the UK after marrying. Here the house rents are too high and therefore buying a house is often seen as a more sensible way of achieving things. After all you are paying for your own house not for someone else’s.
I think buying a house in London is nothing more than a dream. With a mediocre salary it is impossible to buy a house in London. Actually buying a house via mortgage is definitely very logical than paying rent but then again given the house prices are too high there is too much stake to consider.
I don’t think it is a dream. I genuinely think investing to buy a house in London is a good choice. Wherever you buy your house from, within 5 years it will get much more valuable than the beginning so I say it is wise to buy a house in London for future investments.
I think it is very dependent upon the income of one. For some when it may be a dream for another it may not be. Apart from the financial concerns, I also know that it requires such paperwork and a long process so all in all even sometimes people regret what they have gotten themselves into.
Living in London on minimum wage or with just a dependent’s salary is nothing but a delusion. Maybe If there is a duo-salary coming in the household it could start to make things decent again. It is always a big advantage to be able to buy a house in London as properties here are being valued every single year. However it is a long journey and my advice would be to be patient and make sure they have been working at their job for a long time