I am just another victim of this house price boom we all experienced and I thought I would find solace by joining up here.
I have never owned my own home as I have been saving to buy one. I am not the sort of person who likes debt so I tried to save enough to buy my own house outright rather than get a mortgage. I was a very early predictor of a house price correction but I was proved wrong and have suffered greatly for it. When I say early, I am taking 2001 – 2002, so yeah, very early.
I have been working and saving since then, going without holidays, days – nights out, new cars, a life etc as I always believed things would be put right and justice would prevail. I have been made a fool of by successive governments and a subject of ridicule amongst my peers who have borrowed and lived beyond their means for more than 10 years now.
I have an overwhelming feeling that I have been cheated, it has affected me greatly and I find it hard to get on with people who have ridden this boom based on debt and lived well beyond their means. The final insult is that I am being expected to pay for their lifestyle by inflation, which as you can imagine is savaging my savings.
My only hope now is that house prices fall faster than the value of my savings, although through bitter experience I am not convinced I have any luck with money at all.
Hi, great post, similar to me. One big mistake you are making is keeping your savings in the bank.
Better if you move into physical Gold/Silver if you want to beat the debt slave system + beat inflation