Finally, someone telling it as it is....

[tranquilized]

Originally Posted by tut0r

I'm in no position to buy a house anytime soon(i'm 26). No fault of anyone's, just my choice in my life is different from others, I decided to start my own business which proves to have its own challenges and costs, which also brings work that is up and down. Unfortunately costs of living don't stop and moving out of home early probably didn't help in the saving department, but I learnt some great life skills as opposed to my friends who still live with their parents.

Each to their own.

I was in a similar position about 12 years ago. I had a $10k deposit and mortgage all lined up and was looking to buy an apartment in inner Melbourne.

But then an opportunity came up to start my own business. The first 8 years or so I never made much, but since then I've upped the effort and reaped the rewards. My partner and I recently bought our first house this year and I've got the business that is worth a lot more than what that crappy little apartment I was looking at ever would have been.

Point of the story - buying property isn't as important as some make out, there are other ways to skin a cat. Be clever with your money and you'll end up just fine with or without owning a house.