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LAD Goes On Sick Holiday Rather Than Save For A House

LAD Goes On Sick Holiday Rather Than Save For A House

Matty Kaye is currently travelling around Australia following a stint in South East Asia after deciding a house wasn't worth saving for

Anonymous

Anonymous

For a lot of us in the UK, getting on the property ladder is about as likely as a Flat Earther giving Christopher Columbus a nod. Instead, we see old school friends ditching the deposit and doing one to sun it up in Australia - and who can blame them?

With property prices soaring over the last decade and the age of the typical first-time buyer now at 30, it seems some are deciding to see the world instead of saving for the dreaded deposit.

One of those taking the plunge is graduate, Matty Kaye. The 24-year-old who has a 2:1 in Sports and Business Education from Nottingham Trent University, is currently travelling around Australia following a stint in South East Asia.

Matty, originally from Huddersfield, West Yorks, told LADbible: "Getting on the property ladder just isn't viable at the moment.

"I had to make the decision whether to stay at home and get a 'proper job' as it were and then try and save up and get on the property ladder but I was looking at it and you've got to be saving around £15,000 even £20,000 at the least.

"I thought about investing in the Help to Buy scheme but at the end of the day if you buy a property then that's you tied down for life at least for the next 20 to 25 years anyway.

Matty on his travels rather than buying a house.
Matty Kaye

"I'm not jealous that someone has bought a house at all - I think congratulations but that's you tied down for years, they can't do what I have that freedom of doing and fucking off basically."

Matty could have started building his career after uni but after seeing the 'astronomical' house prices he delved into his other options.

He told us: "I think it's hard for young people to get on the property ladder, undoubtedly. I could have gone down other routes.

"If you compare property prices now to what they were back in the day, it's astronomical.

"That's just the way it is, young people put up with that being the way of life for our generation.

"You never hear older people saying they lived in their parents' house for 10 or 15 years. Whereas now you kind of do have to live at home a bit longer or you rent and save slower.

To be fair, it looks better than house hunting.
Matty Kaye

"On the other hand you can get on a flight for £30 and you can be in the sun, it's been made so affordable so people aren't just spending their money on houses long term now."

And it's not just many young LADs who share this view. In a survey by GoCompare, nearly half of parents said they would spur their children on to see the world rather than buy a home.

Like we need anymore encouragement to bounce somewhere with cheaper beers and more time to work on the tan.

But, Ben Bradley MP, told LADbible that it's not all as bleak as the ending of Titanic for those looking to make the first steps towards home-ownership.

He said: "It is absolutely true that it's very tough right now for first-time buyers to get on the property ladder, and there are a number of initiatives from Government to try and help, such as Help to Buy schemes and saving plans, and scrapping first time buyers' Stamp Duty.

"The only answer in the long term is to build more homes, which will make them both more affordable and more available. It's at the very top of Government's agenda."

So the choice is yours - maybe it's time to work hard, save up and see the world.

Featured Image Credit: Credit: Matty Kaye

Topics: Interesting, Community