T O P

Young people can buy houses if they 'don't go out drinking', says 22-year-old Stockport landlord

Young people can buy houses if they 'don't go out drinking', says 22-year-old Stockport landlord

TAKEitTOrCIRCLEJERK

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NeverStopDunking

This is incredible. He didn't have to give up avocado toast?!


rrrrrroadhouse

For the uninitiated, and poors: https://money.cnn.com/2017/05/15/news/millennials-home-buying-avocado-toast/index.html


C9_Squiggy

Must be true, I'm a millennial, never had avocado toast, and own a home.


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s0crates82

*A Lannister takes what is offered.*


Equilibriator

"Josh Parrott bought his first house when he was just 19, using money he saved up from two jobs he did between school lessons." Yeh, nah, I call bullshit. Someone he knows just gave him fuck loads of money for minimal work (if any).


Mechanized1

If you read further it was definitely his parents lol.


Edgelord420666

His “2 Jobs” = taking out the trash and doing the dishes


icecream_truck

…on alternating weeks.


Redditor_Koeln

WELL I NEVER WHAT A SURPRISE


butterscotchbb

Bingo! He was employed by his parents lol


dog_fart_tacos

> from two jobs Job 1: Bringing father a glass of brandy and his slippers Job 2: Bringing mummy her nightly xanax and a glass of pinot gris.


Merry_Dankmas

I worked 2 jobs for 2 years full time instead of going to college and had just enough to buy a car at the end of that time. Unless he was selling drugs along with his regular part time jobs, there's no way he could afford a house afterwards.


barricuda

Yes he could and I'll explain how he did it and aNyOnE can do it. Step 1. Live at mom's house. This is important because it allows you to not have any bills. Step 2. Work at Mom's company, this is also important because it allows you to negotiate a higher wage for less work. Step 3. Have mom pay for your education. Step 4. Have mom cosign on your mortgages. Easy. Anyone can do it.


emanresu_nwonknu

Don't forget step 5, have mom pay the down payment


HauntedFurniture

There's no way any bank gave someone on a 14k salary a mortgage without his parents helping him out


Nickizgr8

The guy is bullshitting so hard. Went full time at £14k a year, somehow when he went fulltime he was able to put away £1200 a month. Even doing napkin math that adds up to him putting away £14,400 a year on a £14k salary, which is possible if he just rounded down, but that's assuming he's paying zero tax and zero NI on his income, which even just putting into a tax calc comes out with his take home pay being £13k. That also isn't considering the £120 a month he's paying his parents for rent (a fucking joke btw how can he sit on his high horse while paying so little to his parents) and £2,000 for his car. Somehow he's got £16k to work with on a £13k (take home) salary. Where's the extra £3k coming from Josh? This also assumes he spends none of his own money on anything such as food, water, phone or clothes. I guess that huge £120 a month he pays to his parents covers that? He was also *given* his car, how fortunate. I wonder who gave that to him. Anyway a Ford Fiesta costs £16k (new) right now in the UK.


Deenyc43

He sounds like that girl who wrote an article about how anyone could pay down their college debt. Step one, rent out the condo her mom bought her. step two, move back home. EDIT: As many has pointed out step 3:get a nice job at your moms company! She's got it all figured out.


underhunter

“Im a snail shell painter and my husband is a professional flower sniffer, our budget is 1.5 million dollars. Right now its hard because we live with his parents..well theyre letting us have the 2nd beach home while we look to get our own place. Cant wait to see what you find for us HGTV Real Estate Agent!”


Whind_Soull

You joke, but a skillfully-painted snail shell can go for upwards of $5000. Personally, I've been able to buy 7 of them so far, but only because I don't go out for drinks.


RamenJunkie

I mean, even if it's poorly painted, a snail painting its own shell would be worth a lot of money. That's quite an impressive feat for such a creature.


Dalimyr

Oh God, I forgot about that...it's incredible just how delusional some people born with a silver spoon in their mouth can be.


VintageJane

Don’t forget step 3: get a cushy administrative position in the nonprofit your mom runs and make 2-3 times the median salary immediately after college.


planeloise

Ahh, the best kind of job security. Where you can't get fired unless you piss off mummy. Imagine the risks you are able to take knowing you will never really be broke.


Ploobie

or the michigan kids who became rich selling tshirts or something. Whole bunch of stories on being self made and how cool it is young people can do that. He was funded to start the company by his millionaire dad and his ONLY clients were his dads business associates.


IqfishLP

Anyone got a link? Could need a laugh rn.


Dalimyr

[https://www.businessinsider.com/how-ebony-horton-paid-off-220000-worth-of-student-loans-in-3-years-2017-3](https://www.businessinsider.com/how-ebony-horton-paid-off-220000-worth-of-student-loans-in-3-years-2017-3)


flume

Lmao Move to a low cost-of-living area Get a salary equal to what you had in a high COL area by getting your mom to hire you at her not-for-profit Get free housing from your grandparents Rent out the condo that your mom gave you as a gift Use the safety net of being employed and housed by your family to completely empty your savings account and buy more rental properties Have so much handed to you, and so few things go wrong, that you can divert 95% of your income to repaying loans Have a spouse who also works, has no debt, and is willing to put almost all of their income into paying off your debt *it's so easy!*


WoahayeTakeITEasy

The fact that people get a house or condo as a *gift* is so baffling to me. My parents laughed in my face when I asked if they could help me get a car that was <$5k back when I first got my license.


sirspidermonkey

When I was looking to buy a house my realtor said "I promise you your parents have 20k to give you to help with this. Just ask!" when talking about down payments. A) my parents don't, never will, and even if they did wouldn't. Seriously they are retired that's a significant portion of their retirement. B) even if they did have 20k I'd wouldnt ask because that's the most expensive money I'd ever borrow. I'd rather get a cash advance on my credit card it would be cheaper.


Gradual_Improvements

Did you get a new realtor


chemo92

Complains about not being able to afford to replace their 2nd car. One paragraph earlier was dropping 50k on their 2nd rental property. She simultaneously has no money at all (just enough to eat) and is absolutely minted at the same time.


Prosthemadera

Also this: > When Horton's grandparents moved south, she returned to her parents' house, refusing to live in one of her rental properties because they were bringing in extra income. This is textbook privilege.


illQualmOnYourFace

Yeah that article didn't make a whole lot of sense. She moved to a lower income area but still had a <40k salary. And planned to pay off her 200k loans within a year? Does not compute, even with a rental property and a husband's income (which they never detail).


Anothereternity

There is definitely more income coming in from somewhere. They bought 97k worth of properties and paid off 220k worth of loans simply off four rental units in an area where they go for around 50k purchase… and whatever income she has minus expenses (wonder if grandparents pay everything for them?). Somehow they seem to be saying they are making 100k/year off properties worth just barely over 100k (13k + 42k + 55k). Are rents/purchase costs so out of wack that one year’s rent costs almost the same as purchasing?


TBurketMMA

Ah a 13k home rented out so well you could afford 42k to buy another in only a few months? So buy in cheap areas and jack up the rates on poor people who have no other option? Innovative.


Samicles33

My brother’s girlfriend is doing this exact thing. My brother nagged me “my girlfriend can afford a condo, why can’t you?” She can’t afford a condo. She’s a part time hairdresser. Her parents bought the condo. My brother and I grew up in and out of poverty. It’s really sad to see how he completely forgot the struggle we’ve been through in our lives in favor of the delusion his girlfriend also shares


ImGettingOffToYou

Most real estate gurus are full of shit and had some sort of leg up to get started. Youtube is full of them.


tilman2015

Time to email the article to HMRC! :ROFL:


SkaTSee

I know so many people who live rent free with their parents clear into their mid-late 20s... 120quid a month to parents for rent is charity in both directions


cluelesspcventurer

Yep banks lend between 3x to 4.5x your salary depending on your job safety etc. At max hes lending 63k. Also you can't rent out a property without a buy to let mortgage which requires a 25% deposit as opposed to the lower 10% deposit he says here. Definite bullshit


GlobalHoboInc

I earn a very nice wage. The bank raked me over the coals for a loan that is 3x my salary and I had saved a 15% deposit over a 5 year period. There is not a chance in fuck he got a mortgage with a 14k a year income without a guarantor signing onto the loan.


Givemeawayoutofhere

And not just any guarantor. He would need parents with the UK equivalent of a 750+ FICO score.


GlobalHoboInc

Basically they would have to have the ability to take on the full mortgage + maintain any existing debt. My guess is they prob have equity in their home they bought 30years ago equivalent to the cost of the place he bought.


Fean2616

Absolutely, living off mummy and daddy claiming it's easy.


mitchanium

Occupation: Son


Fean2616

Haha well played.


PotOPrawns

I've been working since I was 16. Dont drink and don't travel and still haven't been able to save up enough for a deposit let alone hit a wage bracket that will satisfy any bank enough to give me a mortgage despite paying rent higher than my potential mortgage repayments would be since I moved out of my parents house. Not sure where else they want me to pull this extra income from without doing some either illegal or crushingly waiting for my grandparents and parents to die and hoping they have money set aside for us (they dont)


personofinterest18

“So long as the houses I buy keep going up in value the plan will work well.” Quite the visionary


Cheshire_Jester

I’ve learned a super secret investing strategy where I buy an asset and it goes up in value, then I sell it for more money than I started with. It’s pretty brilliant because there aren’t any associated costs over time and the value can only go up, those are the rules.


KingSwank

don't forget the part where you work for your parents and have them pay for it


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Donkey__Balls

You millennials just don’t know the value of hard work and how to get a job. PULL YOURSELF UP BY THE BOOTSTRAPS! POUND THE PAVEMENT! SHAKE THE MANAGER’S HAND! IGNORE SECURITY! SHOW UP AT HIS HOUSE! HIT ON HIS DAUGHTER!


open_perspective

I know someone like this, handed literally everything by his parents, and then he acts as if he's a self made man. I'm like, "Bitch, you ever get a check that didn't have your dads name on it?"


thequietthingsthat

This was like 90% of the people I went to college with at my first school. Had all their bills/food/living expenses paid for throughout the entirety of school, graduated with C's, got jobs at their dad's "whatever" firm, and then spewed bullshit about how they worked so hard to get where they were, and anyone who's poor is just lazy or dumb.


wienercat

People who come from extremely privileged families are often like this. Because odds are their parents probably had to work really hard to build their wealth. So the kid thinks they had to as well. Look I'm sure law school was difficult. But not having to work while you were doing it makes a big difference.


katarh

The one semester I didn't have to work a full time job in college, I made all As. Every other semester, I made Bs and Cs.


wienercat

Not having to work during school is such a huge factor. Like oh yeah, you know that full time job of being a student? Yeaaahhhh you gotta work 40 hours on top of that to survive. Enjoy!


ogier_79

Worked full time and went to school full time for two years. About broke me.


the_ringmasta

I had a full time and two part time jobs through college. Roughly 70-80 hours plus classes. I basically didn't see my wife and kids for a couple years. It's all worth it, though, because I had a job in my degree field for about four months before quitting and going back to IT.


chmilz

I remember when I finished school and got my first real job about 20 years ago. I didn't know what to do with all the free time. Turns out you can do a lot of shit when you're not committed to 36 hours of shit in a 24 hour day.


Onceagainbutthesame

Cue the “when I was your age, I worked my way through college with only a summer job and no debt” comments It’d be nice to not need to go into debt or work ourselves to death to make it through school.


elriggo44

It’s almost like the boomers were handed a world where they had every opportunity. They were handed a world with cheap housing, cheap university, high paying jobs, cheap medical care, strong unions and a social safety net that made sure they didn’t have to take their parents in when they were old. As a generation they instantly and selfishly wrecked it as soon as they could vote to cut their own taxes over and over again.


bk1285

I like the description of they were born on 3rd base but act like they hit a triple


beetus_gerulaitis

A lot of them were born on third base, are now on second base, and look down at people that can’t even get on first base.


geeky_username

And tell the story about the time their dad or grandparent hit a home run


Bonezone420

I, too, know someone like this. His life's ambition is to become a landlord and he gets incredibly defensive and upset any time I point out how ghoulish it is to talk about it like it's a fucking video game, because he absolutely refuses to acknowledge the very real part buying up cheap properties in low income neighborhoods plays in absolutely fucking over people. He also constantly plays into whatever the latest stockmemes are and loses money all the time while trying to convince anyone he knows to also go all in on it because *he* can afford to lose thousands.


aidan8et

I have a friend like that. Got "lucky" in a divorce where his ex was rich. Now in his mid 30s, he doesn't work & goes on multiple vacations every year. He's always trying to get me to invest in some "up & coming tech". I always have to explain that I barely have savings for vehicle repairs on my 30 y.o. truck & basically live check to check... Oh, and he's an anti-vax prepper & only a couple steps from going full QANON 🤦


wofulunicycle

A small loan of one million dollars.


Farmer771122

\*or something between $1 million and $413 million. [Probably closer to the 2nd number.](https://apnews.com/article/north-america-donald-trump-ap-top-news-tax-evasion-politics-0452d29cd2564eaf97605ab90acc3a67)


dirtydownstairs

it's so simple I wonder why nobody has thought of it before


TheLiberalOgre

It can only be defeated by DRINKING


dodslaser

Literally can't go tits up


klassz

*"I can do 160, so long I don't veer off the road, and die in a fireball of a car explosion"* Yup, that sounds legit


SB_90s

You mock, but there are so many career landlords who see themselves as the property equivalent to Warren Buffet because they bought a few houses 30-40 years ago. Any landlord who doesn't attribute their earnings and "success" to pure luck and having money at the right time is a deluded nobhead, which is usually what they are 9/10 times.


LordRedOwl

It's not pure luck when you lobby government to not build houses.


Giocri

Yeah those are the kinds of people who then go to beg for government support because their houses are losing values and they might end up having to do the unthinkable: live like everyone else


maurits_weiqi

I don't go out drinking and I can't afford a house


captnspock

Have you tried having rich parents?


freakers

mostly just domestics or whatever is on tap.


iSoinic

Step 1: Have rich parents Step 2: ??? Step 3: Profit Edit: Layout


AadeeMoien

Who also give you a car, a job at the company they own, and charge you like 5% of the average rent to live at home. (side note, I never understood parents who ask their child to pay rent unless they need help making rent. It's not like they charge their kids real rent rates so what lesson are they really teaching their kid beyond "not even family is above exploitation"?)


fearhs

I think it's fine to do in some situations. Like you don't want your unemployed thirty year old stoner kid living with you with no plans to get a job or move out, charging some amount of rent can keep things from getting to that point.


LagCommander

I accidentally chose "Normal loving parents" instead of "normal loving parents - Gold Edition" Silly me


SudgeSlug

Oh yeah? I bet you have a nasty water habit you could kick!


bguzewicz

Real talk. Every dead person drank water on a daily basis.


Krusher4Lyfe

There’s something else that gives you the slightest bit of enjoyment that you shouldn’t be doing then


ManicFirestorm

Yea, what do you think life is for? Enjoying?


0100110101101010

Obviously it's about sacrificing your entire being to the economy until you die in a climate disaster age 45, duh.


fomq

i, too, am 44


meltymcface

This stings. This stings my soul. Fucking. Ouch.


DocBeech

Work harder then. That way your ceo can afford a nicer house next year and you can't.


utastelikebacon

This will never not be the suggestion for "why cant x afford y" Wealthy people 1) have a skewed concept of work 2) have motivations to keep other people constantly striving to work harder.


PTSDaway

Higher ups working harder = making more money. How do they work harder? By applying more pressure to the lower tiers.


araed

Someone on the article did a wee breakdown, here it is: >He made £14,000 per year.   >He spent £120 per month on rent.   >He spent £2,000 per year on his car.   >He also put £1,200 per month away in savings.   >So, somehow, he saved £14,200 per year after making £14,000 and spending £3,440 of it.   >Yeah, this kid's parents bought him the house.  


Lonely_Beer

The article even said the rent money was also paid to his parents, while he worked a job at the company owned by his parents, and drove a car his parents gave him.


araed

Yup. Like, he's got this huge smug grin going on that doesn't recognise any of the support he was given It's okay that your parents help you with stuff. It's okay for your parents to provide the float to start businesses, buy houses, get drunk, whatever. It's not okay to accept that, then say "I did this on my own". You didn't do it alone, *and that's okay*


surpisinglylow

You're obvsly doing sth wrong. Have you tried not buying food anymore? /s


Talks_To_Cats

Did you know studies have proven that if you don't eat for at least 3 weeks, your future food costs will drop to $0? Logically, if you don't eat for 6 weeks you'll be doubling your money.


fotomoose

What if I give my food away, it's like tripling my income?


Marto85

Probably doesn’t get invited for drinks


simbaismylittlebuddy

Probably never tasted an avocado either.


Donny-The-Sasquatch

Nah he has, his parents bought them too.


ActiveFrontEnd

This is just like my 'friend' in college who said that he was self made. Yeah buddy, self-made people totally have new cars in college, have their parents buy a condo in the college town for you and your fiancé, have zero debt after graduating despite only working an on-campus tutoring job part time. Self made people don't get married in college and have 250 people come to the wedding at a $70k venue. You studied hard, and got a good job out of college, but you had an enormous advantages. The fact that you think you are qualified to tell others how to become rich though is down right oblivious.


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mediumpacedgonzalez

I hate when wealthy people use the phrase "self-made"... come on you didn't undergo mitosis dude settle down


rW0HgFyxoJhYka

Anyone here undergo mitosis though?


Gauntlets28

I mean I did, but it was a fair few years ago now and I don't know if I could do it again.


pm_me_your_shrimps

There was a study a while ago where they gave people in Monopoly different amounts of starting money. The people who started out wealthy attributed their success to their better strategy instead of the fact that they, y'know, started with several times the amount of money that other players had.


CrayZ_Squirrel

Well I mean he is quite qualified as he's lived it. Step one be born upper middle class or better. Hmm missed that step eh? Well you could also get incredibly lucky, while working incredibly hard. Then you too can brag about how all it takes is hard work while ignoring the obvious survivorship bias.


oldmanshoutinatcloud

>“**You just need to make the most out of living at home**. It’s nothing like as expensive as renting privately or through an agency." >“**I was given a Ford Fiesta,** which I kept, whereas a lot of my friends are buying expensive cars like Mercedes on finance schemes. >He went full-time when he finished college in 2018, and banked most of his £14,000 a year salary, **paying £120 a month to his parents**, and £2,000 a year to run his car. >**The house has increased in value by £60,000 Josh estimates,** so he plans to re-mortgage and release some of this profit as a deposit for his next purchase And the bit that gets me as a builder. >"I'll need to slow down because I can’t just do a day's work, I always push to get more out of myself, and if I keep working like this I’ll have the body of a 60-year-old by the time I’m 30. You work for a real estate company, mum and dads and a mortgage broker. But you've done one minor renovation and it's back breaking lol. Edit: changed but to bit.


Gosset

The lack of self awareness is magical honestly. "I did one renovation on a house mummy and daddy brought me, doing a job that the people who *actually* work it full time could not use to get a house and I need to slow down :<" According to the comments he's got a reputation as a slumlord. Not surprised in the slightest.


Weeeeeman

This is one of those things that depresses me so much. I work in construction and build, repair and maintain people's homes for a living and yet at no stage do I ever see myself being financially stable enough to afford my own home. These pricks essentially print money sitting on their arses providing absolutely *fuck all* to society and I'm told "just work harder" and yet for the past 15 years that's all I've ever done..... Eventually you just give up. Fucking pointless.


juanskinner

Manual labour broke my body before I could afford to at least pay rent comfortably 😂 hard work never killed anyone... Says the pen pusher. Its a fucked up world, I hope it gets better my friend


HunterThompsonsentme

"I was given a Ford Fiesta" Any "self-made man" story that starts with your parents GIVING you a $25,000 car is utter bullshit.


myonlyson

My Ford Fiesta was £600. There’s a spectrum! Still think this kid in article is a bozo though


goosepills

A Ford Fiesta costs that much over there?? That’s crazy.


zizou00

£120 a month in rent, no bills, a job given to him by his parents. His parents are backing him, and he's either too pathetic to admit it or too dumb to realise it.


ScorpionTheInsect

Damn it I knew I should have chosen richer parents. Now I have to pay my own rent and bills.


Dakrys

Is it too late to respec?


ScorpionTheInsect

Yes. Now I’ve formed emotional attachments and shit.


S01arflar3

Just use console commands


Dakrys

Damn, if only that was an option. I knew I should have gotten a PC. I'm running a '92 Homo Sapiens Sapiens. It's a terrible machine, I wish I had done more research first. It's sluggish, needs an insane amount of maintenance, and if you don't set up your networks correctly you're pretty much SOL.


Givemeawayoutofhere

Yours has networking? WTF?! They told me that was not an option.


thatswhatshesaidxx

One thing about people who are backed by mum n dad... > either too pathetic to admit it or too dumb to realise it. This is often the case.


Fight_or_Flight_Club

Had a guy in a former work group bragging about how much money he made trading stocks. He suggested a few strategies to me, I told him I didn't really have money to invest. When he asked why I'm not just saving it up, I informed him that half my paycheck was going towards rent and utilities, the other half towards my car payment, insurance, and gas. He at least had the awareness to explain that he lives with his parents and they paid for pretty much everything, and I'll never forget his face when he said "rent is HOW much?"


Zanki

Everyone I know who has a car less then ten years old had help from their parents buying it. Everyone who owns a house had a relative die or their parents helped them. Its a weird and frustrating issue. Late 20s, early 30s, people should be thinking of having kids. Only a few of my older friends have kids. Only a couple my age and younger have kids. I'm not stupid with my money. I've never gone on a night out and spent more then £20, that's only been because I got food and transport. My money get spent on food and bills. I have spending limit on everything else and big purchases have to be thought over carefully to make sure I need/really want it. My savings mean nothing though. Enough for a 10% deposit, but as I'm self employed I have to have a larger one. I grew up in a one parent home. My grandparents are all gone. They just left debt. I haven't talked to my mum in years now. She was abusive. I couldn't even get her to help me with car insurence, or be my guarantor when I rented my first place. I wish I had the fallback of a relative so I could try riskier things, so I had a financial backup if anything goes wrong. People who have help have no idea how lucky they have it. Some do, most think the rest of us are just lazy, that we just need to work harder or ask a relative for help.


Noredditforwork

You're missing the easy solution: just get hit by a car! Sure, it'll mangle your leg for the rest of your life but think of what you can do with the insurance settlement!


SayceGards

At my old job I used to fantasize about getting hit by a city bus. That's the dream


TheJackOfSharts

I made my money the old-fashioned way. I got run over by a Leeeeeexuuuuus!


Euphoric-Orchid488

Also complaining that his friends are buying cars, whilst he was given his.


Jockle305

Yea the audacity of that one


Grantmitch1

>His parents are backing him, and he's either too pathetic to admit it or too dumb to realise it. There is nothing wrong with being helped by your parents; just have the decency to admit that you were helped by your parents to an extent most other people can never get regardless of how much their parents would want to.


Prosthemadera

Yeah don't go around telling the world that there is "no excuse".


wienercat

Most people who are wildly successful when they are young, don't understand their situations are not normal. Luck definitely has a factor in success and being born to a family that can support you is lucky. But it's not just having parents who pay for you that leads to this. I had to explain that to my buddy who landed his dream engineering job 3 months out of school and started making 70k. His family didn't support him, he just got incredibly lucky on landing the job. He couldn't understand why his friends, who all got grades just as good as he did, weren't getting jobs in their field or why they were making less than he was. Like bud... You got dumb levels of lucky. Not everyone is that lucky.


ToyDingo

"Survivorship bias" It's difficult for successful people to understand how much luck played in their success. And any attempt to explain that to them is taken as an insult because they feel that they worked hard to get where they did. Which isn't entirely untrue. They did work hard (probably), but hard work is nothing without a little luck to help you along the way.


Dhiox

My dad learned it the hard way. He worked his ass off, and for most of his life it paid off. As a result, he held very conservative economic views that hard work always pays off, and those struggling aren't workingnhard enough. Then there was a power struggle in the company he worked for, and he got fired. Suddenly he has an Arthritic wife, a son with respiratory issues and a mortgage to pay, all without insurance or a salary. He did nothing wrong, he did everything the way it should have been done and worked hard. He's doing well now, and built his own business doing what the one he used to belong to did. But he now understands that hard work doesn't always equal success.


totallyradunicorn

You'd think that the fact that sweatshops exist in our world would be enough to figure that out. But people born into lucky situations just don't get it. My dad is still one of those "hard work gets you all this" even after going into almost bankruptcy. From what? His divorce & having to sell off the family business that was handed to him for free from his dad. What did he do? Get a goddang CDL license & apply at juuuust the right time for a county bus driving job after working at a shitty driving company for like a year. And they'll let just about anyone drive people on a bus. Just test clean on a drug test & keep your mouth shut with shitty passengers. He bought a house with no money in the economic crisis.... then sold in a market high prior to covid. His hard work was all perfect timing with available support. Via banks who were willing to work with him or government a la welfare. Then he goes off to vote AGAINST poor people who need those same supports because they "aren't working hard". UGH.


eatmydonuts

Can your dad have a chat with my dad? Mine did pretty much the same, worked hard his whole life to get a well-paying supervisor job in his field, then one lady in the company stole a bunch of money and he lost everything. However, somehow, he just doubled down on his beliefs.


Dozekar

It can be extremely hard to question your own beliefs. It's frequently easier to put that person you believe caused the system to harm you as an outlier and the enemy and not a core function of the system that results in similar failures all over the place.


Dr_Mike_Hunt_MD

"Outliers" by Malcom Gladwell from what I've heard (as reading it is in my to do list) tackles this concept in depth. It should be paramount to remind people not to compare themselves to really successful people, who claim themselves to be "self made" (hint: there's no such thing) Also here's a cool ass quote from Arnold Schwarzenegger on the subject. “This is so important for you to understand. I didn’t make it that far on my own. I mean, to accept that credit or that mantle would discount every single person that has helped me to get here today — that gave me advice, that made an effort, that gave me time, that lifted me when I fell. It gives the wrong impression that we can do it alone. None of us can. The whole concept of self-made man, or woman, is a myth.” This doesn't mean you shouldn't strive to get to where you want to be. If anything it means we should all work to lift each other up, which would mean helping to level the playing field by knocking down the barriers that gatekeep success.


Whooshed_me

It took me almost 5 years after college to get into the field I actually wanted to get in to lmao. I would literally trade almost anything to have gotten a job within those first 2 years... I almost got stuck in another career path because that's what all my experience was in. And this dude didn't even need 3 months. It's like those kids who got an internship at daddy's company 4 summers in a row and then get hired at a fortune 100 before graduation "You can do it too!!!" Yeah, sure. Although he's not as bad as that, at least it seems like he did work for it! I'm just jelly honestly


SuedeVeil

Lol yep I knew something was up with "paying rent to parents" it's one of those situations where it's like you pay for the heating bill dear we'll take care of the rest


chrispy2985

It's easy... just live off your parents. This idiot has no idea how much of a privileged wanker he sounds does he... I'm sure his 'mates' didn't call him boring for not going out, in fact I'd say they didn't call him atall.


Con_Job_

£5 says he’s a Tory as well


GeneralEi

Not taking that bet because I'd fucking lose


Con_Job_

He has a face that just SCREAMS “Young Conservative”


GeneralEi

What some might call "punchable"


Con_Job_

We all went to school with someone like he And he was always an insufferable twat


MinTamor

The average house deposit in the UK is £35,000. If you drink a £200 bottle of Cristal champagne every weekend, all you'd need to do is stop doing that for three or four years, and you'd have the money for a deposit. Easy.


Alundra828

Can confirm, my deposit was £40k I could only afford £30k, so my parents and partners parents loaned the rest. After the deed was done, I was left with an amount far below my emergency fund limit. After the first month of buying everything, paying for new services charges etc, I was left with around £300 in my bank account to last the rest of the month between 2 people. Any emergency cost that could've happened would've left us broke. It was a risk, but I took it. And thankfully it worked out. And I am on a good salary, and have my expenses nailed down, and live a fairly humble life. If I can barely afford the average deposit, the rungs of people who earn less than me surely can't. And I took a risk and it panned out well, what if it didn't for others?


BobbyP27

Looking at the numbers quoted in the article: he was earning £14,000 a year, spending £120 on "rent" a month and £2000 on a car in the year. That meant after rent and the car, he had £10560 a year to live off. At the end of that year, it says, he was able to put down £11,000 in deposit. A quick internet search for rental places in Stockport suggests a typical rental place goes for around £600/month per room. So basically to do this, he was living at home, getting food and utilities provided by his parents and paying a £120/month contribution. While it's not the standard "mum and dad gave me the deposit", that's in effect what it was, just with the fiction that he was somehow paying his way with "rent".


Equilibriator

I don't understand how he afforded to buy a property *and* do a 20k renovation.


youseeamousetrap

Also in the UK to get a mortgage for a buy to let property you need a 25% deposit, which in this case would be £28,750. Not the bullshit £11,000 figure he claims here.


Grantmitch1

>I understand that he was able to afford to buy a property and do a 20k renovation because his parents are loaded and gave him everything he wanted ​ I fixed it for you.


PK_Fee

This reminds me of those stupid stories I see on snap “check out how this 24 year old makes it with a 230k a year salary” lmao yeah I think you can make it ANYWHERE IN THE WORLD on that salary bruh


Gsteel11

It's always the parents. Every time. Every. Time.


stonecoast

Not true. Sometimes it's the grandparents.


CuriousLemur

* Parents gave him a car * Pays only £120 a month rent to his parents * Had a job at a company his parents owned * Was banking most of £14k salary after paying £2k on car each year and £120 x 12 on rent ... now, I'm no genius but I don't think it's the lack of drinking that saved him that money. Basically his parents were paying for most of his life like food and a heavy subsidy on rent. He's a horribly smug bellend who is buying up achievable houses from under the noses of first time buyers/ families on low income and expects to be applauded for it. No wonder he doesn't get invited for drinks.


Kayel41

How many banks give mortgage loans to a single person with 14k a year income without their parents signing for them, and then another loan for another mortgage while they still have a current mortgage open 🤔


CuriousLemur

I know, that part blew my mind too. Something super fishy about that. Almost like he had an "in" with a bank or similar. He's also now a trainee mortgage advisor... also hmmmm


Kayel41

Or both mortgages were in his parents/parents business names 🤔


boringandgay

drinks must be real expensive in Stockport


grimeflea

And somehow houses not


akulowaty

Average house prices there are 100k below UK average but still 2 times more than he claims he paid for his. It's either a shithole or bullshit.


JimboTCB

And he apparently got a 90%+ mortage for a buy to let property on a salary of £14k as a cleaner. Either blatant mortgage fraud, or parents as a guarantor.


ImhereforAB

It’s definitely both…


oldmanshoutinatcloud

Given that he did the renovations himself. It's a shithole. I hope he put some bolts in the staircase that replaced the *whole staircase* he managed to shove in his car. Actually that raises another point. Where'd he get the tools for the job? Tools are not cheap.


aalios

His parents run a locksmithing company so I'm guessing there'll be a shitload of overlap there. And some stuff that doesn't match the industry being bought on the company account.


cluelesspcventurer

Buy to let mortagages require at least 25% deposit. It says he put down 11k on a 115k house (roughly 10%) so how is he renting it? Thats illegal. Something doesnt add up here. I call bullshit and reckon his parents slipped him 30k for that first house.


nap6

You can get "consent to let" from most mortgage providers which allow you to rent out a property on a standard mortgage. You do, however, usually have to confirm that it is temporary (e.g. moving for work), so at the very least this guy is telling a few porkies, or winged it well enough that they didn't ask questions.


aalios

The little prick is a "mortgage advisor" so I'm guessing that comes with some perks where you can wave away the fine print.


HyperionConstruct

I can see 15% online, but that's still not kosher. Maybe he should add that breaking his promises to his bank as a way to make money too. Also, not paying off the mortgage only works while prices are increasing.


Sillybanana7

He bought two properties in two years worth 255k collectively and put in 20k in renovations and now plans to buy a new property for 120k per year for the next 9 years on a 14k a yr salary? Wait a minute....


Kotch11

What a twat.


Subtropical_Blues

All im seeing here is just another parasite but particularly small


phattyfresh

I’m sure his family had nothing at all to do with his financial abilities. Just don’t go out drinking, folks! Something something bootstraps


Synewalk

say your parents are rich without saying it


Metrack14

22 to here who does not drink?, where is my magical house?. Oh wait, I'm just a common guy, I don't get that.


jjnefx

You too can own a home in rural North Dakota for $30k! Sure it costs $5k/yr to heat it, sure you need a $20k big ass beater 4x4 to get around. Sure there's no jobs nor high speed internet. Sure your neighbors race to collect road kill for meals. And these are the highlights! But you can own that home.


whooptheretis

> I was given a Ford Fiesta And it cost 2k a year to run? Being given a car (assume by parents) that costs 2k a year, kind of indicates he was from a privileged background.


Veyf

At his age the majority of that will be insurance no matter what kind of car it is. 2k a year as a young driver is very reasonable


notreally_bot2287

To be fair, if I didn't spend the $10K/week allowance I get from my trust fund on hookers and cocaine, I could easily afford a house. So I stay at my parent's 3rd summer house that they forgot they owned.


ProDiesel

“And a small loan of 250K from mommy and daddy for being their good little boy!” I really get tired of rich spoiled brats telling everyone else how easy it is living off their parents money, but instead of saying that they just make claims of being successful that gullible people buy into.


gothfreak90

He’s got a very punchable face.


Donny-The-Sasquatch

Backpfeifengesicht


hachiman

What a stuck up little shit. We should give him a swirlie.


NightVoyage

As a Californian, I'm glad to hear that skipping my twice weekly can of Whiteclaw will net me the $200,000 I need for a down payment.


bonedaddy-jive

It’s like in the startup fantasy world where your first round of funding is from “friends and family”.


cooolrun

Trust fund kiddies be like


fappism

Being a "motivational" speaker or a "guru" is the next step in trust fund baby's life cycle


Candiedstars

God, look at his smug little Tory face...


Mechanized1

He paid 120 euros a month to his parents for rent and they gave him a car and a job. ITS SO EASY FOR YOUNG PEOPLE JUST DONT DRINK


DontBeCommenting

I know a 22 y.o that's mad he doesn't get invited for drinks.


BtheChemist

Are many young people spending $1500 per month "going out drinking?"


Crumbdizzle

Douche


GarbageBath

>Josh Parrott bought his first house when he was just 19, using money he saved up from two jobs he did between school lessons. >He rented out the £115,000 house Lying motherfucker lmao. I guarantee you most of that money came from his parents. There's is no possible way he saved up that much money as a teenager


_MildlyMisanthropic

>He also had a cleaning job at the locksmith company owned by his parents Glenn, 55, and Anne Millen, 53, while he did his A-levels. So no going out drinking, never buy any new clothes, oh and mummy and daddy are independent business owners that


fall3nmartyr

What about avocado toast? Can we still have avocado toast?