What would you do with 25k...

[Dischord]

Would you buy a nice bike? a tidy car? A holiday, laptop, clothes etc

or the old...

'put your money in bricks and mortar'

I'm 19 and obviously kind of young and not at all in the right job to be paying off a mortgage but a part of me is saying this is the only chance I'll ever get to have a house.

But then again, I soooo want an Integra Type R and an 06 GSXR600

So what would you guys do?
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[McGee]

Buy the car and bike.

Hell for 25,000 here you could buy a house

I miss my ITR
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Its pronounced Jixxer!

[NinaMarie]

i'd put a deposit on a house
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Sym Fiddle: SOLD
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CBR125R

[colin1]

a few treats maybe like cars motorbikes etc, but with that amount i wdnt blow more than £5k

a big chunk as a deposit for a house might be good, but it might also be good to think wider, and could that money be used to set your life on a new direction.

thats obviously a much more tricky decision

a holiday would be good too
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[TheShaggyDA]

Get my private flying licence.
New bike.
New aerial & cabling so I can get freeview.
Build new media PC for living room.
New boiler, rehoused in the loft
Rebuild the conservatory.
Redecorate house top to bottom.
Save the remaining £10k
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Current: CB500 Previous: CB100N, CB250RS, XJ900F, GT550, GPZ750R/1000RX, AJS M16, R100RT, Enfield Bullet

[i:6e3bfc7581]But still I fear and still I dare not laugh at the madman...[/i:6e3bfc7581]

[Itchy]

Buy a house? , in a falling market have none of you people heard of negative equity? OK people are willing to have negative equity on cars bikes etc but 10K is small change compared to property.

I've noticed on most of the property accounts I've done most people are actually losing money and I've actually had to do lots of capital gains tax comps for people divesting their property.

It cascades in that people divest = more supply , since people see prices fall they wait till they bottom out THEN buy, creating an excess supply problem.

Yes ok in the super long term ie 10-15 years there may yet be another bubble but in the short term its going down. Unless you read the daily express which over the past 25 days has predicted rises falls rises then falls and yesterday a huge rise.

As said by the OP

"its the last chance I'll have to own a house"

is a hall mark of a bubble, and as said ALL bubbles burst, as with empires they all fall and crumble.
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[olionel]

clear my student debt... take out an extra 1000 to spend on absolutely bugger all... then put the rest in the bank, wait till graduation... maybe also have an expensive holiday soon... I also want to get in to rock climbing... and para-gliding.... its all money
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1989 CG125 - Childhood Sweetheart (she got kidnapped by baddies)
1998 ZXR400 - Teenage Love (lasted three years, then she turned lesbian and left me)
2001 XRV750 - Wife Material (still getting to know her but head over heels in love)

[Dragonfly]

£25k buy a house? where? not in the Uk. My first one was £49k and that was cheap and sold for £70k. Anyway me I would do my bike test and buy a nice bike. Some nice stuff for the house also, maybe go on a little trip somewhere and buy my friends stuff.
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Muzza on Binge:
He's too busy beating the everloving shit out of Lizzie to notice this thread has taken a turn down Drama Avenue and stopped off at the popcorn shop.

[tokarev]

I would be tempted to get a new bike (second hand) and go traveling for a while...maybe even until all the money runs out. Other than that I don't really know.

[J0Al1]

A spanking new dooo daar (RWB R6)
Holiday in Thialand for 3 weeks
Upgrade my car

The rest would go in my ING savings account (10k)

[mark83]

House.

Rather than chucking cash in rent, might as well throw it on a mortgage.

Maybe I could spare a bit, add it to my CBR as a trade in, and start drooling at the prospect of a 1098.....


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[ms51ves3]

Buy a house (Y)

[Lady P]

My first house bought for 14k sold for a lot more

At 19 I would invest most of it by a bike probably a car

[feef]

Pay off my debts.. that would kjust about cover it.

a
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[JonB]

Stick it in a high interest account for a retirement fund.
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[cestrian]

Not sure about the rest of the country but property sales have ceased here in North Wales and slowed down considerably in and around Chester. No first time buyers means prices are coming down. Economists and analysts are warning us about economic downturn. Interest rate cuts are not being passed on to the customers as banks are holding onto every penny they have. The country is losing faith in the government. As Blair left office last year he warned of a troubled 2008. So it all looks pretty gloomy at present.

JonB has the right idea, get some independent advice though.

[ncrn]

Cancel my student loans, stick it in a high interest account and only remove money as I need it to live. Anything else at the end of uni, I'd save.

Though I'd probably take a few hundred quid out to sort out my bike first.
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[Itchy]

[Blau Zedong]

I'd get smacked up to fuck.
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[Itchy]

[UrbanRacer]

i'd buy a 306 HDi for about 2-3k and the rest would go towards a house

[matt_uk]

I would buy a car and bike.

Or pick a mate who deserved it and go traveling around the world with him, until its all gone, should last a few good months.

How did you get the money anyway?
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[D O G]

At 19?

Personally I would only go for a decent bike and a non sporty car, otherwise you will be getting raped by two insurance companies.

I would then spend a few grand this summer touring europe and having a good time. With at least a week at the Nurburgring.

With what's left, which should be £12k, I'd have that sitting in savings, at the highest rates possible, and leave it for a deposit on a house for a couple of years down the track when you can afford the repayments.

£12k should be more than enough for a good deposit on your first place.

[feef]

[Shay HTFC]

Wouldn't go spending it on a house. Like Itchy says (and he should know) we are in a bubble right now. I would buy a new bike and all that, then put it into a saving account or something guaranteed to return money.

What happens if you get a massive mortgage in 2 months using your £25k deposit, then suddenly house prices start to drop. Its already levelled out in some places and we are seeing a lot more renting and house sharing where people are forced to lower their requirements so they can actually get a roof over their head.

Massive world tour by bike / train / boat etc would be a MAJOR possibility too