Lazarou Monkey Terror 🚀💙🌈
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Husband to Rachel ( @Rachey ) #Bisexual #Xennial #Progressive #Transhumanism #Space #London #SimCity4 #Worldbuilding He/They Death to the Oligarchy […] 🌉 bridged from mastodon.social/@Lazarou on the fediverse by fed.brid.gy
![‘Most people my age have written off buying a
home’
Louie, 24, a chef living in London, says a lot of people have “written off the
idea of even considering getting a property” in their 20s.
He is optimistic about the government’s new Your First Home scheme, which
will enable people to buy a new-build property with a deposit of just 2.5%,
supported by an interest-free equity loan.
But he says a smaller deposit alone will not be enough for him. “I've found
hospitality wages to be far too volatile to even consider saving for a
property.” he says.
As aresult, he is studying an access course with plans to start a
physiotherapy degree next year. He hopes that by the time he graduates and
gains some experience, he will have a stable enough income and sufficient
savings to put down a deposit.
He says the new scheme “should encourage a lot of young people to buy
earlier” and adds: “We are moving in a good direction, but I'll still save and
wait until around late 20s to early 30s to start [thinking about buying], just
due to how much it may cost me”](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:5eyzxq6litcyeva7et2xs6yt/bafkreigcfway4iwunb5vh5kc7obdoaiabnkn224fycweovkdfmd723k2sm)
