Is it reasonable to expect to buy a home after one year working?
Cactus Kate blogs:
Sharissa Naidoo, 25, and her partner have been renting together for four years and say they are desperate to buy their first home.“The concern is if we’re wanting to start a family and move into a house that’s more than one bedroom, we can’t afford that,” Naidoo said.Naidoo recently graduated with a Masters Degree in Sociology.
She is now sick of renting and expects the net taxpayer (you) to underwrite a home for her to live in with her “partner” (hate that word) of four years.All of this, not even one year after her graduation ceremony in May 2012.
I think it is a good think Naidoo is wanting to buy a house, and unlike Cactus think there is room in NZ for BA and even MAs 🙂
But it is a valid point that someone who has been in the workforce for presumably just eight months, is not a good example of housing unaffordability. It is a step up from having the Labour Party Vice-President as the poster child for housing affordability though!
Even in the good old days, it took several years of dedicated savings to get your deposit big enough. Hell I didn’t buy my first apartment until I was 33!