Voting Question: Should I live below my standards for 4 years to save for a house?

30/09/09

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Can anyone help me - unsure what to do. At the moment I live in a brand new city centre apartment, close to everything I need. I work from home so can move anywhere. I am wanting to save up a deposit to buy a house. I have 2 options, either stay where I am (paying £550 a month for an apartment) and save around a £10,000 deposit - or my second choice is to move 18 miles away to a small market town in the countryside and rent a 2 bedroomed victorian house in the market place surrounded by shops. It is only £350 a month, which will allow me to save an extra £10,000 on top of the £10,000 I was planning on saving, but would mean moving away from all the luxuries and convieniences I have living in a city centre. The property is small, 2 rooms down and 2 rooms (box rooms) upstairs, and a tiny kitchen with the bathroom off the kitchen. It is clean, but an old victorian property overlooking the main street (door onto pavement) and rear back onto churchyard.

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