A LOT of people my age are buying their first houses or saving like mad to do so. I used to think about this a lot more before I started travelling. I was working pretty hard and living with the folks so I was watching my bank account swell considerably. I could easily have scrapped together more for a house deposit but instead I went and spent it all on a year of traveling. I’m currently mid-way through my second cycle of this – I’ll go home pretty close to being broke in December, thus squandering another hefty chunk of money I could’ve put towards a quality domicile. Coupled with the fact I’m probably going to be studying for my second degree and renting next year, I don’t really think too much about the whole saving for a house thing much these days. It’s just not feasible. But I’ve mellowed – learnt not to care. The scraps of money I am able to save if I stick out the study for another three years, I’ll still be putting towards an annual overseas trip = no housey for Jakey for a long time.
Many peeps my age think it’s the be all and end all of their existence. You must buy a place, because that’s just what you do, and that’s what people have always done – their mothers and fathers and their mothers and fathers before them. I’m still on the fence about the whole thing. One the one hand, I can see why you’d want to buy a house. Its something you worked hard for and can be proud to call your own. It feels like home and it’s in a town/city/suburb you have a deep connection with – where you want to while away your days. You can do sweet mods to it or rent it out or sell it at a good time and make a bunch of cash from it, it’s up to you. It’s yours. One the other hand, when you buy a house you’re locked in. Times is tight yo. Forget about long-term travel and make sure you buy the home brand peanut butter instead of the Kraft one because every penny counts Timmy. That scares the shit out of me. Anyways I flicked some questions via the interweb over to a couple of mates regarding the issue. Joe, 26, is a bodyboarder and all-round good guy who’s just purchased his first home not far from where I live. Stubs, 24, is a travelling surfer and punk-rock enthusiast who can’t stand the thought of buying a house. Both were brought up in the same neighbourhood as me, their respective folks’ places mere minutes from each other. Here are their responses:
Joe (via Facebook message)
In terms of buying a place, I’ve always wanted a place near the beach and would much rather a smaller place in a good location than a larger house down south or up north, especially for a first home. We chose a place that we can add some value to with a few renos, which will be fun. I guess I feel it’s good to get into the property market and that’s the choice I’ve made. I’ve sacrificed overseas travel and those sorts of things to save cash. It’s a tough one and I get jealous of you and Sammy’s travel stories, but it’s all good. I’ve chosen to live with the folks up until now and that’s a good way to save money and would rather be living with them than paying rent somewhere else and paying off someone else’s mortgage. I like the idea of owning my own place, something to be proud of and now is as good a time as any to buy, as the real estate market has dropped a fair bit. Hope that helps bro. Go get some foreign tubes, I’ll settle for a Brighton stormy haha.
Stubs (via Facebook chat)
Stubs: ill prob stay here for a while then go up to north nicaragua later in the month and surf that spot the boom
Stubs: spose to be sick barrels
Jake: no shit, i havent looked in to much of the waves there. oi u gotta describe to me why you’re not saving up for a house for my blog
Stubs: haha right now
Jake: yep. why do u think it’s a bad idea to save for a house? what should u be spending your money on instead?
Stubs: things more important like living your life instead of thinking its a thing u have to do, as long as u dont starve and are doing fun shit then fuck that right off
Jake: do u reckon you’ll wanna buy one one day?
Stubs: atm id say nahh but who knows what age can do to ya mind.. but i reckon ill just keep living the dream
Both men make some valid points, eloquent in their own way. What are your thoughts?