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First house was in the North of England, took 4 years to save up enough.
by simonbarker87 2y ago
First house was in the North of England, took 4 years to save up enough.
- thereticent 2y agoAre you in the black as a household overall? We aren't yet. Our projection is that we will be in 5-7 years. I'm turning forty soon. Just to give you an anchor point.
- koolba 2y agoWhat does “in the black” mean at a household level? Total assets minus loan balances being positive?
- thereticent 2y agoSorry, yes. I was thinking net worth > 0.
- simonbarker87 2y agoAh, I was wondering too but my reply button was gone, yes I would say we’ll be net > 0 around the same time as you age wise. If we hadn’t had to renovate a 60s property we’d possibly be there already but UK housing stock needs work sadly.
- whateveracct 2y agoDoes home price count as an asset in this "in the black" calculation?