Ummm...
Two points:
1. Moving back in with the 'rents? Surely you don't mean that, they've spent 22 years trying to get rid of you. You have to stay in the big bad world now.
And do your own laundry, cooking etc.
2. You really /need/ 3 screens for flight sims, forward, laft and right. Best get saving.
And, no, you cannot finance 2 by doing 1.
:D
I disagree entirely, I can finance 2 by doing 1 :D I'd not thought about the three screen setup... that'd be 50% better!
I'm moving back in with the parentals for a year while I save up for a nicer house. My current home is surrounded by druggies and my car keeps getting keyed so I'm leaving that behind. Even paying £2K to settle my mortgage early.
But in a year's time I'll have saved up an additional £10K to go with the handsome 5-figure profit from the sale of my druggie-adjacent home and I can buy something in a more respectable, heroin-free estate. Just makes sense :)
Furry muff!
:D
Combination of the two.
And I consider it profit because I've been put in a position where I have had to invest a certain amount each month into it to keep ownership, which has allowed me to benefit from the rising house prices. Had I not owned the house, I'd have spent the money.
So yes, it is profit.
I could have done two things:
1. Spent the last 3 years spending my money on things of frivolities. So right now, I'd be sitting with whatever my wage brings in each month.
or
2. Invest my money in a house, do it up a smidge, and come out with a nice handsome chunk of cash at the other end while also enjoying the increase from house prices. And I have my wage.
To me, my house has been a savings account... only with more house parties (have you ever tried to fit a kegger into a mini-ISA? It's difficult...)
And yes, I like Property Ladder... for two reasons.