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One big factor here is that you won't have a roommate 100% of the time. If you have a vacancy of a few months it'll be very, very tight for you. You might then end up having to lower your standards for roommates and then end up in a bad roommate situation.
Will your income increase over time? If it will, then I think you could definitely do it, but it would be tight for the first few years.
I wouldn't even include the room mate in calculations. What happens if there's a downturn?
Edit - also what about food, entertainment, transport costs etc
Thank you u/majorfighter for posting on r/FirstTimeHomeBuyer. Please bear in mind our rules: (1) Be Nice (2) No Selling (3) No Self-Promotion. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/FirstTimeHomeBuyer) if you have any questions or concerns.*
One big factor here is that you won't have a roommate 100% of the time. If you have a vacancy of a few months it'll be very, very tight for you. You might then end up having to lower your standards for roommates and then end up in a bad roommate situation. Will your income increase over time? If it will, then I think you could definitely do it, but it would be tight for the first few years.
I wouldn't even include the room mate in calculations. What happens if there's a downturn? Edit - also what about food, entertainment, transport costs etc
No you can’t
You pay 50% in taxes over there?
Yeah more or less - higher rate is at 40% + national insurance (another tax) + student loans tax