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Liverpool Echo
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Phoebe Jobling & Lottie Gibbons

'Young people don't want to make sacrifices' says woman who bought first house at 22

'Young people don't want to make sacrifices' according to one woman who bought her first home at 22.

In February , Kirstie Allsopp came under fire after saying it was 'easy' to buy a home in the UK.

The Location, Location, Location presenter said young people could afford a home if they stopped buying 'coffee, gym memberships and Netflix'.

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While most were angered by Kirstie's comments, Georgina Carson, 25, felt her words rang true.

At the age of 22, Georgina bought her first home in Wigan with her fiancé Freddy Quinn, 27.

The three-bed terraced property was on the market for £82,500 and the couple put a 5% deposit down.

But Georgina said she could only afford the house after ditching nights out and budgeting whilst living at home with their parents.

After six months of modernising the home themselves during the lockdown, which cost them between £6,000 and £7,000, they then sold their first home for £115,000 - making a profit of £32,500.

Now onto renovating and selling their second property, Georgina states "it's all about priorities".

She told the M.E.N: “ Whilst saving for our first house my partner and I were both earning just over £20,000 a year, so not an extravagant wage.

"We put away savings every month and managed to save about £1,000 per month between us.

The couple's first home in Wigan (Georgina Carson/MEN)

“When we got the keys, we moved into the house straight away and lived in it whilst we were renovating.

"We didn’t even have a bed, we just had a mattress on the floor and were living very basic.

"We had to wait to get paid every month to buy things to renovate the house. So one month we’d do the tiling and another month we’d get all the paint to do the walls.

"This was all to save as much money as possible as that’s what you have to do.”

Kirstie claimed that although there are those that cannot afford to buy a home, others are not willing to make the sacrifices - and Georgina agrees.

She said: "I think this is true, a lot of people don’t make sacrifices for what they really want.

"A lot of young people don’t want to make these sacrifices which, each to their own, but if you want something that much you would do what you could to get it.

"I still enjoyed myself whilst saving, I always liked to make sure I have money saved to go on weekends away or to go abroad and that’s just because I manage my money well not because I come from a wealthy background."

In response to Kirstie claiming young people should give up 'coffee, gym memberships and Netflix' if they want to get on the property ladder, Georgina said: "Giving up things like Netflix and coffee won’t give you the money for a house but it does help to save all that extra bit of cash you can.

"Maybe cut down on how many coffees you buy a week or think about if you really need subscriptions to Netflix etc."

Both Georgina and fiancé Freddy lived with their parents whilst saving up for their first house - something which Kirstie advised - but not everybody is in a position to do so.

Georgina said although this helped, it wasn't the main factor that allowed them to save.

She said: “Whilst living with my parents I still paid rent, probably just not as much as I would have if I moved out.

"We’re not big drinkers so we didn’t go out every weekend and I only bought clothes for occasions or if I needed them, so that helped us to save.

"We just prioritised and made sure that the money we were spending was just on things that we needed.

Georgina and Freddy's stunning kitchen after renovating (Georgina Carson/MEN)

"I think young people rush to move out so young and then use most of their wages on rent.

"For some people that might work but then you are stuck in a trap of paying rent from a young age, which then makes it harder to save for a deposit for a house.

"I think it does help to try and stay at home with parents if you can, just so you can get yourself on track and save up a bit more money instead of moving out at 18."

Kirstie also advised that first-time buyers should 'find homes up north' in cheaper areas to afford their lifestyles whilst saving for a deposit on a home.

Georgina agreed: "House prices in the north are a lot more affordable.

"I am on my second house that I have bought but I wouldn’t be in this position if I lived in the south.

"You can make money from houses in the north to put towards a house more down south - I think it is more about knowing the property market and how to make money with it."

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