Just for a bit of fun

swampduck

silvercar wrote: »

Really cheap areas are cheap for a reason. If there are fine homes in decent areas that are really cheap, it is probably because they are too near the not nice areas with not nice homes. Particularly so in large cities.

Ahh! Is that why no-one can sell their house? Wrong area! Nothing to do with the credit crunch then?

Swampy:p

baileysbattlebus

mizzbiz wrote: »

I remeber everyone telling me (young ftb's) that if they didn't manage to buy now (2004/5/6/7/8) then they would never manage to buy for their whole lives because they would never come back down again.

Oh, and I remember the government telling us that there is a massive shortage of housing. there aren't enough houses to go around. We need to sell off brownfield to create affordable housing as we are running out.

I said the opposite to my daughter and her partner, I advised them to rent - not because I was a genius and forsaw any of this - but because it was their first home together, and I thought it made more sense to rent and then if it all went pear shaped (which it has) it would be far easier to become disentangled, if you were renting.

Their reasoning was that it was cheaper financially to buy a 2 bed house than it was to rent one - and on a monthly basis, purely mortgage vs rent - it was - they bought about 3 years ago.

exil

It's STILL cheaper to buy than to rent (round here anyway) - the reason people don't want to buy is that they prefer to wait a while and see if prices will go down further.

As soon as we reach the bottom there will be a huge rush to buy properties and we will be back in the world of gazumping.

Don't ask me to predict when this will happen!