living in london and rent doing my nut in should i at least try to buy.
2007-01-18 12:37:13 · 3 answers · asked by pbeastty 1 in Business & Finance ➔ Careers & Employment
Impossible to say what you should be earning, as I have no idea what you do for a living or what your level of education is. If you're interested, there is a salary calculator on Monster that you can use to compare what you earn against what others in similar positions earn.
With regard to rent vs. buy, my theory is that you should always try to buy if it's an option. It's obviously very difficult in London. But if you are renting then you are just lining someone else's pockets; get your own place and your mortgage repayments will be similar to your rent but in 25 years' time the house will be all yours. Plus you have more security; if you're renting your landlord can kick you out at any time - it's not really that simple, obviously you get notice - but I mean you can be forced to move when you don't want to.
2007-01-19 10:36:40 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I'll assume you are in some office job, maybe one of the Financial institutions, so I would guess you are on 50-60k, so no chance of buying anything on London.
1) buy a house some-where cheaper & commute ...
2) get a job some-where cheaper
2) find some-one on a similar / higher salary who will share the house with you (aka 'partner')
2007-01-22 05:58:03 · answer #2 · answered by Steve B 7 · 0⤊ 1⤋
you should be earning money O.o
it really depends on your job ...
id say $100,000
2007-01-18 12:41:46 · answer #3 · answered by PirateBoy 2 · 0⤊ 1⤋