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A London teacher regrets her 2024 shared ownership home purchase due to high costs and long commute, planning to move within years.
Adriana Goncalves, a 26-year-old South London teacher, regrets buying a one-bedroom flat at 24 through shared ownership in June 2024, despite saving £7,000 for a deposit by living rent-free with her mother. She now wishes she had waited for a salary increase to afford a larger home in a less expensive area, underestimating her long commute, the complexity of the solicitor process, and ongoing service charges. Though she values her independence and neighborhood safety, she plans to relocate within a few years to a larger property outside London.
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