This is why I'm constantly reminding the missus why it was the best decision ever to buy a house! Or current mortgage is £710 pm. To rent an equivalent house would be anything from £1200-1500 based on current houses available.. that's Southport for a 4-5 bed house.
I feel sorry for renters in the current climate. The missus had a friend that had to suddenly find a new rental at very short notice earlier this year. £950 they're paying for a small 3 bed. Its shocking.
My missus is pregnant so we've moved from a shoebox 1 bedroom flat costing a grand a month to a small 2 bedroom house for 1,200 a month and I was over the moon to get it despite the necessary overtime every month it entails
Of course no doubt the rent will be put up every 12mths and I already have no money to save and she will be out of work for a year with the baby so I'll be relentlessly working day and night just trying to keep a roof over our heads.
I've no idea how easy/hard other generations had it. All I know is life is hitting hard. I earn decent money, I grow vegetables, I cook from scratch and buy second hand. I still can't ever see a day when I will own a property. I feel like I'm bringing a child into the world with less than I had and when my Dad went bankrupt and my Mum worked night shift care work minimum wage and myself and partner are both university educated medical professionals it seems like we've a step forward to move two steps back.
Maybe everyone feels this sort of overwhelming financial doom, despite being 43yrs old I haven't tried to be a grown up before and I can't say I'm much good at it.
