statickill

I was curious about this, then came across this statement which has made it a lot clearer (for me anyway) ; "The mortgage is the liability, the house is the asset. The two are separate entities, but they combine to form what is called the “equity” in the asset… And your equity can be negative if you owe more than whatever you decide (and it’s a guessing game) is the cash value of the asset."

Well I had to try this.. House Price Crash Might we be expecting another peak soon?

I'm sure this is true, but its definitely an exceptional case - the majority of people I know with similar educational backgrounds to the people you describe, are now in grad schemes or entry level positions, although it did take some of them upto a year (which they spent temping). There are still ridiculosly high grad salaries floating about: http://www.telegraph.co.uk/finance/jobs/7879689/Graduate-top-15-starting-salaries.html?image=1

Hi All, Been on the site a few times before after seeing it mentioned in the media/press - but now being in full time employment with some savings I have taken an interest in property - only an interest as there is nothing affordable for me in London. Have considered Shared Ownership - but I simply dont trust them.. the idea of putting down a £10k deposit and owning 25% of a property you will almost certainly see no profitable return on (in the next few years at least) doesn't make sense. There are some nice SO properties out there, but I'll stick to renting and saving for now as most people on this board seem to recommend!