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My
mates tease me that I'm 'fifth generation Colney Boy' but while
our family haven't been here that long we do have at least three
generations still in the village including both my grandparents.
My
situation is quite difficult at the moment. Since I came back from
university I've been living back at home with my parents. I was
lucky and had a good job in packaging design in London, but the
wages still didn't give me the option to move out.
After
two years in that job I decided to venture out on my own two feet,
dismissing the property ladder in favour of travelling to Australia.
Having
had the best year of my life I returned to the stark reality of
no job, and nowhere to live.
Luckily
my parents accepted me back into the family home and after a year
of poorly paid jobs, I've just been able to land another great job
in design, again based in London.
The
biggest problem I face is that I simply can't afford to buy a property
anywhere near where I live at the moment or near my work. While
renting could get me closer to my job, it is in my opinion dead
money. Why should I pay my landlord's mortgage when I could be paying
my own?
My
parents are realistic and do charge me rent, which I'm only to happy
to pay seeing as they treat me rather well. But with property prices
in London Colney now meaning I'd need at least £110K just
for the most basic one bedroom flat, I'm starting to get worried.
I know in reality I could purchase a property with my brother, but
that would mean both of us having to make a long term commitment
together. Even then I couldn't guarantee we would be able to choose
an area which is suitable for both of us.
My
best bet is either a complete collapse in the property market or
a sudden lottery win!
In
the mean time I'll still have to live with my parents trying to
save for a deposit and possibly having to concede to the renting
market.
Read
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Have
you had problems getting on the property ladder?
Have
you just got on it? If so, how did you manage it?
Do
you want to upgrade but will have to move away from the area to
do so?
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