Hello. I have a big problem and I really need advice. At 22 I am and I have a friend of 5 years who is 25. We are both, he works, I am a student. The problem is ....... we don't know how to live apart from our parents. The common goal is to own a home, but given that only he works, I do not know how it could be done. The risk with the loan also seems high to me, provided that I am not working yet. I really have a mess in my head. It may sound ridiculous from the side, but this thing really bothers me. I don't know how to raise so much money, that is, I know ... with a lot, a lot of work. But ..... I see no way out of the situation. In addition, I am not very aware of the real estate market. The only thing I understand is that the tendency is for the prices to go up, which depresses me even more, because I feel even more hopeless. So, let's move on to the questions. At the moment, which is more appropriate, to wait with the purchase of a home or to seek a solution as soon as possible. I mean the price situation. If you really only grow up ......... Maybe it's better to act now, although if it has to be now .. the savings won't be enough for anything more than a very, very small studio :( I don't know , I repeat that I am very confused and I don't know who to turn to. My parents tell me not to rush things and when I start working one by one things will fall into place. But I am worried about the fact that I don't see how things would turn out if, say, a one-bedroom apartment-60m2 costs 100,000 EUR, which seems like an unrealistic price to me, or I don't know, just unattainable. if you can comment on the prices and the situation on the real estate market, it would also be very useful for me, thank you!
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brown_cream answered · June 27, 2020
And you don't work, so how do you expect to buy a home? Are you studying for a well-paid profession? High-rise housing is the most profitable to buy because you get a clean area. The studio according to the modern standards consists of a small kitchen and a large room, as well as a corridor, a bathroom, large enough and a balcony.
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anna220019 answered · June 27, 2020
There really is time to buy a home, so take your time. At first, you can move out, start saving and wait for the property bubble to burst, which will inevitably happen in a few years.
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vanesabold answered · June 27, 2020
First, get a job. Is there a reason not to work yet? Second, if you do not want to buy, move out. In my opinion, it is also too big a step to buy a shared home if you have not lived together. At the same time, living with parents of these years is not ok. Prices are currently high and will not fall soon, but interest rates are low. At one time it was the other way around, and we ended up paying the same. So - work, accommodation and then a mortgage. Better indebted to the bank than pru relatives.
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amandaricci answered · June 27, 2020
I think your parents are right. The differences and discrepancies in the real estate market are not so fast that in 2 years there is a big increase or decrease in the price of a home. So when you start working, you consider what you can afford to repay, take out a loan and buy.
Plus you are 22 years old, I understand that you want and you are right to have dreams, but in real life big dreams are not achieved so quickly. Buying, creating a home is 10-20 sometimes 30 years of work, it's not like buying something small with your pockets. You still think like a spoiled child, I want something - now I want it. Well, you want it, but in most cases, owning a home is the most expensive thing a person buys in their lifetime. A home requires a lot of years of work and effort, at the age of 22 it is impossible for a person to have achieved it all by himself, of course there are exceptions, but they only confirm the rule. It is possible for a 22-year-old to buy a home on his own if he has been a world-famous singer, actor or has created expensive software since he was a child and manages to sell it, but normal people work for a home for over 20 years and only after 40-45 owners, ie the loan is repaid.
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famousguynobodyknows answered · June 27, 2020
Firstly, the prices do not always go up, secondly, you can't pay the bills for a house, not a loan, eat, go out, make repairs and that if you have a child you will stay on the street with a huge loan. Also, never get married, so if it sinks, only one will and the other will be able to fix things eventually. Just think how to leave Bulgaria, here if your family does not have a stable business or stable contacts to see highly paid positions. It is sad, but here it is almost impossible to achieve your dreams
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hun9slut answered · June 27, 2020
Start working, rent a home, wait for the bubble to burst and buy on credit. There is always a need for an initial payment, at least 25% of the price of the property, collect them first. My husband and I are 40 and we live on rent, we have nothing. We have raised a lot of money, but we would not buy at these prices, they are not real.
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yourpussyloverboy answered · June 28, 2020
For a start, start an hourly job, enough to bring in some money in the household. It is true that it will not be big, but at least it will be enough for the bills. This will more or less make your situation easier. Second, I personally think it's best to live in a rented house first, and then think about buying a home. I don't want to sound rude and discourage you, but buying a shared home is a very big step when you haven't lived with anyone. If you break up or realize that you can't cope with life together, it will become absolute chaos and horror. So get started, save an amount on deposit and first rent, set a budget and start looking for accommodation. In Sofia the prices are not low either for rent or for purchase, but with more demand you can find a good offer. After all, you are two people, you are a couple and you do not need a huge area. When you live together and make sure you want to do it for life, you will already have a permanent job and the situation will be easier. Then you will be able to take out a mortgage and get your home.
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hyalgreen answered · June 28, 2020
Hello! I advise you to follow the standard path. Separate for 1-2 years of accommodation / only the two of you, without roommates / and if after the second you are still together, then think about buying. Until then, live and don't bother unnecessarily :)
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kissmefreya answered · June 28, 2020
Not with everyone, but you can stay.