Overview of MrSouth on PostgraduateForum.com

Overview of MrSouth

Signup date: 21 Sep 2011 at 7:02pm

Last login: 22 Sep 2011 at 11:15pm

Post count: 8

Recent Posts

How important is home ownership to you?

MrSouth 8 posts
13 years ago

Quote From emmaki:

Currently I am renting a house. I don't plan to buy one, but I plan to build my own above my parents' house.
I live in Greece and (as you probably know) the economy is just awful (can't find a better word). We are working just to pay for taxes, so getting a loan and paying it is out of the question, as interests are really high. Also, the money needed every month in order to pay for a loan to buy a decent house in my area (relatively cheap) is more than I get from my work...

I really hope that in 10 years we will be in better situation and I will be able to afford building my own house.....

Hi emmaki just read your post your idea of building your own home sounds very interesting and you are not the first person that I have spoken to who has that idea. Are you based in the UK by any chance?

You may also be interested in this scheme - facebook.com/GetOnThePropertyLadderNow

I've just completed some of their polls and the whole concept of the scheme looks very interesting. Check out when you've got the time :-)

How important is home ownership to you?

MrSouth 8 posts
13 years ago

Buying your own home as a single person isn't really a smart idea if you're in your early 20s especially if you're a single person. The reality is you're better of using the early part of your career saving up for a decent deposit for a better house and share a flat with someone so you get to see the world and enjoy the early years of your real adulthood.

Personally I graduated at 20, I bought my first small flat a few months after I moved back to Britain at 23... in many ways I wish I did not do it at that moment in time, it has meant that I was pretty much tied down to being here, and the reality of the situation no matter where you buy if you choose to pay 10% and stretch the repayments you will never make much if any profits at all by renting it out.

Now I invest a lot in property, tbh I've made far better returns elsewhere.

How important is home ownership to you?

MrSouth 8 posts
13 years ago

Quote From Chatzby:

Why do you feel that way Mr South?

Well coupled with fact that I am going to come out of uni with a huge debt over my head as well as the economic downturn I doubt that job opportunities are going to be jumping out at me, but I guess you have to remain optimistic in life as anything can happen. I would love to own my own home, some where secure that I can call my own.

How important is home ownership to you?

MrSouth 8 posts
13 years ago

I think home ownership would be a great long term investment but it doesn't seem like that will be an option for a longgg time lol.

P.S - Just liked the facebook page sounds great :-)