Mk4 R32 or house deposit??

[sveed1.8T]

Hmm You guys are echoing what my sensible side is telling me.

I'm currently renting in London, but my plan was to buy a house back in Cambs and rent it out, as I don't see myself leaving London for at least another 5 years. Even if I was to scrimp, I'd struggle to get a place in London (not that I would want one, as the prices are ridiculous for what you get)!

This is an investment plan, more than buying somewhere to live. Then when I move back to Cambs, I'll have a place that will have been paying for itself. But this is fast forwarding 5+ years.

Saving is soo boring though

[Andy-H]

House for me  .

House = Investment, equity, security etc. etc.

R32 + current fuel prices = no further saving at this time

[VW BUSH]

Hmm You guys are echoing what my sensible side is telling me.

I'm currently renting in London, but my plan was to buy a house back in Cambs and rent it out, as I don't see myself leaving London for at least another 5 years. Even if I was to scrimp, I'd struggle to get a place in London (not that I would want one, as the prices are ridiculous for what you get)!

This is an investment plan, more than buying somewhere to live. Then when I move back to Cambs, I'll have a place that will have been paying for itself. But this is fast forwarding 5+ years.

Saving is soo boring though

You want to buy a rabbit hutch in London mate, it will never drop like the rest of the country and always make enough to pay for itself in rent if you move back to the sticks.
Saving is sad and boring, but I wished I saved more instead of buying crap cars in my early 20's

[sveed1.8T]

Hmm You guys are echoing what my sensible side is telling me.

I'm currently renting in London, but my plan was to buy a house back in Cambs and rent it out, as I don't see myself leaving London for at least another 5 years. Even if I was to scrimp, I'd struggle to get a place in London (not that I would want one, as the prices are ridiculous for what you get)!

This is an investment plan, more than buying somewhere to live. Then when I move back to Cambs, I'll have a place that will have been paying for itself. But this is fast forwarding 5+ years.

Saving is soo boring though

You want to buy a rabbit hutch in London mate, it will never drop like the rest of the country and always make enough to pay for itself in rent if you move back to the sticks.
Saving is sad and boring, but I wished I saved more instead of buying crap cars in my early 20's

Not a fan of the city, been living here over four years now! One word, DEPOSIT!! At least getting a deposit on a house in the sticks is viable, and certainly achievable in the next couple years. Cambridge and the towns around it have always had good investment opportunities, due to the rail links into London

I am extremely surprised that no one on here has said 'Go for the R32' though! What's happening to us forum users?? Becoming old, reserved and sensible?!

[Raffe]

House first and then buy your cars.... Boring and sensible advice but once you have your own front door you'll appreciate this option

[sveed1.8T]

House first and then buy your cars.... Boring and sensible advice but once you have your own front door you'll appreciate this option

Yeah, well boring, as it also means less money for mods!

I might need to go and slam my Derv and get it mapped as a consolation for backing away from the R32!

[Diamond Hell]

Buying a first house to rent out so you can continue renting? 

That sounds a bit over-complicated for a first purchase and you won't have it so you can live in it and enjoy it.  Sort of a fail-fail.

Buy to live in first, buy to let out second would be (and indeed was) my approach.

Gives you a bit of experience of property ownership and a flat in London will let out easily IF you decide to move back to Cambs, or you can buy a second larger flat in London as you develop.

Buy the f*cking R32 and have some fun, but don't buy such an new one!

[SoundillusioN]

I am extremely surprised that no one on here has said 'Go for the R32' though! What's happening to us forum users?? Becoming old, reserved and sensible?!

Buy the f*cking R32 and have some fun, but don't buy such an new one!

There, somebody said it. Not sure how genuine it is though. 

[VeeDubGTI16v]

You can sleep in your car but you can't drive your house.

[SoundillusioN]

You can sleep in your car but you can't drive your house.

Or.................



It's the future!