We have the downpayment for a reasonably priced flat, but there don’t seem to be any reasonably priced flats in London. SO instead we are now looking to buy a 2-3 acre plot near my boyfriend’s parents house out in the sticks. We won’t need to take out a mortgage – our downpayment should pay for the land in full – and we will probably get a better return on our investment than if we just kept the money in the bank. We could buy a house out there, but we would have to rent it out as we wouldn’t have money to cover our rent and the mortgage, and rental properties are not hugely popular in the area that they live in. The extra bonus is that in a few years time, we may have the money to build something on the land – wouldn’t that be something! I think we are going to follow JD from Scrubs and build the patio first – that way we can enjoy the land over the summer and have friends over to dinner on the porch.
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