Monday 20 November 2017

Don't get stressed at not being on the housing ladder - play the long game and enjoy your freedom

'Why would anyone, my other friends and I wondered, want to take on a mortgage.' (Stock photo)
'Why would anyone, my other friends and I wondered, want to take on a mortgage.' (Stock photo)

Catherine O'Mahony

I remember the day one of my friends first mentioned buying a house. We were all in our mid-20s. She was a year younger than me. I thought she was insane.

Why would anyone, my other friends and I wondered, want to take on a mortgage? How did you even go about asking for one? We were barely managing to pay our rent. In my apartment, we often had no electricity because my flatmate and I did not have the cash for the bill. The flat we had was shabby and faded; we ate pasta and pesto every night. And we didn't mind. It was the way things were. Our wages were pitiful. She was a trainee barrister, I was a junior reporter.

We wanted enough money to pay for the last pint in the local pub and to go out with our work friends on Fridays. We wanted to feel we could go anywhere we wanted in the next fortnight, that we could drop everything and move on with just a brief note to the landlord. And we trusted in the system - that one day things would change and we'd settle down. But not now, we said. Now would be crazy.

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