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Agreed about the shared ownership,but it IS a foot in the door.Best with local housing associations rather than a private housebuilder.
These threads always make me feel better about my own situation.
Sorry but i dont see the problem with an individual wanting to make money out of BTL. Do we walk into tescos and question their right to make money? When we buy our newspapers or bikes do we question the morality in the shop making a profit? Do we question the bike shops decision to sell the business just because we have adopted them as our LBS?
Its life. Some people think they are due one by right, some people realise they have to work at having one. Some work harder than others.
Some serious MTFU needed here.
I think the resentment exists because at lot of these people were only able to 'invest' on the back of easy credit and lax lending rules.
Lending criteria's been tightened up but house prices haven't fallen so people can't afford to buy even though they're in a similar financial bracket to their landlord whose mortgage they're paying. At the same time they've got others who are in a better situation insinuating that it's their own fault due to bad financial planning when actually a lot of it is just timing and luck.
I tell you what Hobo....How about i email you a detailed account of our finances and then i'll leave you to suggest away in which we might buy a house!
And please do not resort to suggesting MTFU! It's pathetic and means nothing.
Been renting this place for four years and get on really well with the landlord (they babysit our little boy, we look after their dog!). Plan to buy it in a couple of years time - hopefully outright (getting there saving wise).
Owning isn't the be all and end all.