Some of you are vultures

phil1873football

May I add my tuppence worth!!

I bought last september, I was struggling to get a property back then due to rising prices all the time and the council made no effort to find me a council house so had no choice but to buy. Someone would always try and out bid and probably succeed as I didnt want to get caught in the trap of borrowing way more than I could afford in repayments (being sensible i think). I finally got sumwhere on a fixed price as it was a first come first served basis, therefore succeeded this way. I needed to move due to employment relocation, so jumped at the opportunity.

One year on, and I love my place...except the council residents that live above me (I live in a 4 in a block cottage), they make my life hell with their constant noise all hours of the day, they got allocated the house from the council after I bought the property. I have been through the necessary procedures with council, councillors, police, noise enforcemnt, blah blah blah...no-one would help!! I finally gave up on that road and decided that to relieve the stress I was on and the medication I was put on, then I must move. I have now had my property on the market for £10k less than the actual valuation for the last 8wks with not one single viewer. I am frustrated...not because no-one wants it, but because I see no end to the hell that I endure from these people above me. I so badly want out to live in a house and I have seen several that I like, but if I cant sell my own house, what chance have I got????

I dont want to scr*w anyone over my property, I just want a fair price, which is actually less than what its been valued at, but I do feel that in this current environment, that loads of people are just waiting to see how low they will go which in turn makes the current climate we are currently in a lot worse.

I guess, I bought at exactly the wrong time, got dumped with exactly the wrong type of people above me and now I am tryin to sell at the wrong time...but choice do I have...live in this stressful and unpleasant environment for years or try and get out and get on with my life!!!

Just my current position and I aint looking for sympathy, I just wanted some of you out there to try and appreciate some of the less fortunate peoples predicaments and not gloat at their misfortune.

Thanx

P.S. anyone interested in buying my property, then mail me.lol (couldnt lose the opportunity of some free advertising.lol)

WTF?_2

matbe wrote: »

What about the ordinary families who bought in the last two years should they be thrown out on the street due to stupidly buying a house at a bad time?

Then they should have listened to us 'greedy scum' on the MSE Forums who were warning them not to buy (and being labeled 'doom mongers' from the likes of the OP for doing so).

Dithering_Dad

!!!!!!? wrote: »

Then they should have listened to us 'greedy scum' on the MSE Forums who were warning them not to buy (and being labeled 'doom mongers' from the likes of the OP for doing so).

It may come as a surprise but not everyone in the UK accesses the MSE forum, and even fewer would have ventured into the Housing sub forum. Perhaps for maximum impact and publicity, you should have stood on street corners with a sandwhich board around your neck shouting at people not to buy a house because a crash is on the way?

The "They should have listened to me" and the equally banal "We were labeled as Doom Mongers, but we were right" refrains are getting quite boring now, especially as we're on a new board and most of the people here, including myself, weren't around when all this went on. Time to let go of it !!!!!!, just let it go mate. Move on.

You're starting to become a parody of an evangelical preacher, it undermines your other posts. Lots of us 'saw this coming' but most of us don't feel we have to verbally beat up those who didn't.

SpoonyOh

Your neighbours sound as lovely as mine, Phil1873football. :rolleyes:

This was always going to be a difficult topic to discuss evenly, because there's a lot of emotion involved. My sympathies go to the people who weren't !!!!less, who got !!!!!!ed by circumstance rather than greed. I find it hard to have sympathy for BTL landlords who are losing properties or the sort of folk who became 'property developers' after watching a few episodes of Kirsty and Phil's Property Carnival. My neighbours are BTL swines, who have done all they can to wash their hands of the trash they moved into the lovely house next door without evicting them. Why? Because the council are paying the rent. I'm now considering taking advantage of more sane property prices to move house as I'd much rather not be threatened for parking my car on my own property.
Funnily enough, it was the 'give everyone a mortgage' attitude that enabled my partner and I to buy our house. Although we can afford the mortgage, in a sensible market we'd have had to buy a cheaper (and unsuitable) property as we would never have gotten the mortgage we needed. I'm grateful the gamble paid off for us, but I know so many people who are counting their losses right now.

stevetodd

ad9898 wrote: »

Is that you George, I thought were dead.:D

It was attributable to probably another George that you are thinking of (ie not George Best)? It originates from George Raft (who ended up working as a hotel doorman who literally did spend all his fortune on drink, women and gambling)

Zelie

Gwhiz wrote: »

It's what google and wiki were invented for!

Yes but if you type 'mew' into a search engine you get....oooh!!!! Kittens!!!!!!

*engrossed*

Rebchappers

This is only my opinion and some may agree and some may not:

For the last 5 years, me and my partner have been living in rented accomodation. This is because we couldnt afford to buy anywhere. Yes, we were offered a self cert mortgage for as practically as much as we wanted... but common sense prevailed and we thought **what happens if house prices fall and we want to move/remortgage, what happens if one of us loses our jobs/ falls sick?**

We couldnt afford the monthly payments if any of these events occurred, so WE CHOSE TO RENT AND NOT BUY.

Other people on the other hand, didnt think about this and now one or more of these events have happened, they are having to deal with the consequences. I dont see this as rocket science. It is common sense.

We waited and waited and watched. Yes you may call us vultures.

Now the time has come where the houses are more affordable and we can COMFORTABLY afford a mortgage. This means if one of us loses our job/goes sick or we decide to have children and lose an income, we can still afford the mortgage.

I do not understand the reasoning behind people that are getting upset because their homes are being repossessed. When you signed up for the mortgage, it clearly stated YOUR HOME MAY BE AT RISK IF YOU FAIL TO REPAY YOUR MORTGAGE. This statement still applies now. Nothing has changed.

Because you did not put money aside for a rainy day / take out insurance for redundancy or borrowed more than you could comfortably afford is not our fault. This was your choice and nobody forced you into it. Afterall, you could have rented like many on here.

You cant always have your cake and eat it.

Whilst i am sure there are some people who have been unfortunate enough to be facing repossession through tragic and unpredictable circumstances (ie. not because they borrowed more than they could afford to pay back), this is what you should take insurance out for. It is, and always has been readily available but many people didnt take advice and thought '' No need to spend £20 a month as that will never happen to me''.

Well now it is happening to you.

steadysaver

I bought last september, I was struggling to get a property back then due to rising prices all the time and the council made no effort to find me a council house so had no choice but to buy

Could you not have rented privately?

Dithering_Dad

Rebchappers wrote: »

Because you did not put money aside for a rainy day / take out insurance for redundancy or borrowed more than you could comfortably afford is not our fault. This was your choice and nobody forced you into it. Afterall, you could have rented like many on here.

You cant always have your cake and eat it.

Whilst i am sure there are some people who have been unfortunate enough to be facing repossession through tragic and unpredictable circumstances (ie. not because they borrowed more than they could afford to pay back), this is what you should take insurance out for. It is, and always has been readily available but many people didnt take advice and thought '' No need to spend £20 a month as that will never happen to me''.

Well now it is happening to you.

Who, me?

How very dare you! I can assure you that none of the above applies to me!

Gwhiz

Zelie wrote: »

Yes but if you type 'mew' into a search engine you get....oooh!!!! Kittens!!!!!!

*engrossed*

And the correct answer about 4 below the kittens!!!