We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
The Forum is currently experiencing technical issues which the team are working to resolve. Thank you for your patience.
We All Want Our Own Homes!
pickledpink
Posts: 763 Forumite
Having looked at many of the threads here it's quite apparent that most people dream about owning their own home. And it's obvious why that is.
It's a good feeling to know that you're actually purchasing your home, and one day it will be yours. All YOURS!
It's a great feeling to know that you are in charge of your home - you have no-one to answer to; no-one to dictate and tell you how to live and what you're allowed to do.
You can decorate it exactly to your liking, knowing your input is increasing the value of your property - and you're reaping the benfeits by living in a place exactly to your taste.
You can sleep easily at night knowing your landlord will not be able to issue you with an eviction notice. You are essentially King of your Castle.
It's very rewarding, and good reason to feel proud when you invite friends round to your own little piece of this planet - and it belongs to YOU!
It gives you a sense of achievement and satisfaction, and that's why people take pride in their own properties. They do all the DIY stuff because they know how rewarding the outcome is.
It's a very good feeling to know you're secure, and one day in the future your property will treble or quadriple in price to give you a very comfortable retirement.
Of course, you may have to make a few sacrifices at first (most people starting off on the ladder has to tighten their belt for the first few years)...........but the reward is that property rises, and rises, and rises with time.......................and that's when you reap ALL the benefits. Meanwhile you've lived in a HOME - and you can't put a price on that. Obviously, we will have the odd blip or crash every decade or so - but you ride the waves just like every other property buyer does. If you can afford your mortgage - and you have no intention of selling imminently then the occasional dip makes no odds!
I expect that the doom-mongers will pipe up with stuff like How will we get onto the ladder in the first place? How will we afford the mortgage?
My answer to them now is exactly how everyone else has got on the ladder already. And how the masses CAN afford their mortgages...............it's only the silly (sometimes greedy) ones who took out mortgages they could not afford. The banks play a part in that too - but no bank put guns to the heads of these borrowers.
There's THOUSANDS of very affordable properties on the market now - and instead of people greedily praying for a 4-bed detached to fall to suit their pockets - they should realise that you have to CLIMB up to those - and start off at the low end of the market before they miss the boat yet again!! And they will do! Just watch!
It's a good feeling to know that you're actually purchasing your home, and one day it will be yours. All YOURS!
It's a great feeling to know that you are in charge of your home - you have no-one to answer to; no-one to dictate and tell you how to live and what you're allowed to do.
You can decorate it exactly to your liking, knowing your input is increasing the value of your property - and you're reaping the benfeits by living in a place exactly to your taste.
You can sleep easily at night knowing your landlord will not be able to issue you with an eviction notice. You are essentially King of your Castle.
It's very rewarding, and good reason to feel proud when you invite friends round to your own little piece of this planet - and it belongs to YOU!
It gives you a sense of achievement and satisfaction, and that's why people take pride in their own properties. They do all the DIY stuff because they know how rewarding the outcome is.
It's a very good feeling to know you're secure, and one day in the future your property will treble or quadriple in price to give you a very comfortable retirement.
Of course, you may have to make a few sacrifices at first (most people starting off on the ladder has to tighten their belt for the first few years)...........but the reward is that property rises, and rises, and rises with time.......................and that's when you reap ALL the benefits. Meanwhile you've lived in a HOME - and you can't put a price on that. Obviously, we will have the odd blip or crash every decade or so - but you ride the waves just like every other property buyer does. If you can afford your mortgage - and you have no intention of selling imminently then the occasional dip makes no odds!
I expect that the doom-mongers will pipe up with stuff like How will we get onto the ladder in the first place? How will we afford the mortgage?
My answer to them now is exactly how everyone else has got on the ladder already. And how the masses CAN afford their mortgages...............it's only the silly (sometimes greedy) ones who took out mortgages they could not afford. The banks play a part in that too - but no bank put guns to the heads of these borrowers.
There's THOUSANDS of very affordable properties on the market now - and instead of people greedily praying for a 4-bed detached to fall to suit their pockets - they should realise that you have to CLIMB up to those - and start off at the low end of the market before they miss the boat yet again!! And they will do! Just watch!
0
Comments
-
You live in council house with your Mum so I really don't know what you're going on about0
-
pickledpink wrote: »It's a very good feeling to know you're secure, and one day in the future your property will treble or quadriple in price to give you a very comfortable retirement.
If your house is going to finance your retirement what will you live in?
If your house is going to be your pension too it had better be a very valuable house. Someone who is forty now retiring at seventy is likely to need a pension pot of about a million quid (assuming low inflation between now and then). It'll be a lot of house that you're selling to make a million on it.0 -
Well going by those figures my house will be woth about £2M quid by then. Then again, I'll probably downsize and move to sunnier climes..............:beer:0
-
Sorry to hear that you will be leaving us.pickledpink wrote: »Well going by those figures my house will be woth about £2M quid by then. Then again, I'll probably downsize and move to sunnier climes..............:beer:After the uprising of the 17th June The Secretary of the Writers Union
Had leaflets distributed in the Stalinallee Stating that the people
Had forfeited the confidence of the government And could win it back only
By redoubled efforts. Would it not be easier In that case for the government
To dissolve the people
And elect another?0 -
Yes, so the average wage will be half a million quid per annum by then to enable someone to afford such a purchase? :rolleyes:pickledpink wrote: »Well going by those figures my house will be woth about £2M quid by then. Then again, I'll probably downsize and move to sunnier climes..............:beer:0 -
Hehehe. Oh, Pickled, you do make me smile.
Having trouble selling a few properties are we? Don't worry, when prices fall 40%-50% you'll have people snapping them off you once again.0 -
Well you're either crazy, deluded or living in a very large house.pickledpink wrote: »Well going by those figures my house will be woth about £2M quid by then. Then again, I'll probably downsize and move to sunnier climes..............:beer:
Good luck with your plan. I suspect it'll have you living in penury in retirement though.0 -
pickledpink wrote: »Having looked at many of the threads here it's quite apparent that most people dream about owning their own home. And it's obvious why that is.
"Most people dream of owning a house", LOL, depends on your ambitions in life. If the ultimate goal of your life peaks with buying a house, that's fine, but you'd be pretty sad. Sounds like your house makes up a big part of your life though. You need a self esteem boost if that's the case. Try getting out more, meet new people and the value of your life will begin to detach itself from the value of your home. :rolleyes:0 -
I only want one home, and that's PickledPink's, when it comes up as a repossession at an auction.0
-
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350K Banking & Borrowing
- 252.7K Reduce Debt & Boost Income
- 453.1K Spending & Discounts
- 242.9K Work, Benefits & Business
- 619.8K Mortgages, Homes & Bills
- 176.4K Life & Family
- 255.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards