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Debate House Prices
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Property Price Drop
Comments
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pandamonia wrote: »you dont understand that the cost/saving is is so minor compared to the exposure of owning your own box in london. dont forget the costs of maintaining a home will make it expensive.
also ive seen some for £150-200 pw on rightmove to rent.
if you can make 5-6% on bonds for the next year or 2 then it will be better than owning you own place
Personally i think its a poor standard of living you have for 47k pa,
london is pants
Poor standard of living, your having a laugh my standard of living is fine thanks. London pants, well i guess that depends what you want, i currently live in a market town in herts and hate the boring place, nothing to do unless you want to go for walks in the coutry side and commute for hours on over crowded trains with wanna be snobs.0 -
pandamonia wrote: »the price your paying is about current value then, nothing special
Well yes it is its current value i never said different, pay for what you get, buy cheap expect rubbish.
You get nothing for nothing, some people really make me laugh on this forum, hence it being so addictive!0 -
LittleMissAspie wrote: »A family home. FTBs should be able to afford small houses or flats. People don't get average salary at the start of their working lives.
No - those lucky enough to have not bought, or who bought before 2002 have the opportunity to buy the house they want including a lovely big detached family home. I know I will be!30th June 2021 completely debt free…. Downsized, reduced working hours and living the dream.0 -
I sometimes visit london for work and its a nightmare. id rather shoot myself than live there.
Your salary isnt a million miles away from mine, but what your looking to live in is.
you have about £2800 per month take home after tax which a good £1600-1700 will be spent on a 1 bedroom box.
personally for that ammount i could live in a 3 bedroom semi or detatched with 2 gardens a drive and garage. 10-20 mins from major city and live in a nice cathedral city with low crime and no immigrants.
so yes your standard of life is poor in comparison0 -
pandamonia wrote: »I sometimes visit london for work and its a nightmare. id rather shoot myself than live there.
Your salary isnt a million miles away from mine, but what your looking to live in is.
you have about £2800 per month take home after tax which a good £1600-1700 will be spent on a 1 bedroom box.
personally for that ammount i could live in a 3 bedroom semi or detatched with 2 gardens a drive and garage. 10-20 mins from major city and live in a nice cathedral city with low crime and no immigrants.
so yes your standard of life is poor in comparison
I'd disagree, why do i need a NICE 3 bed semi when its me and my GF only, flats not a box in fact its a really good size with a garden. Plus i'm sure you have immigrants and i enjoy living in London hence moving back, but to be honest i'd not swap with you for a minute stuck in a lifeless town/city with nothing to do other that sit in starbucks on a saturday surrounded by people over spending on CC's.
Also my basic take home is 3.2k pm, and where do you get the 1.6-1.7k pm on a box?0 -
Kier - well done on your purchase.
It is obviously a purchase that you believe is best for you at this time but please, please try to offset any negative equity that may occur by overpaying or saving as much as you can, this would make it easier in the event of having to move in the near future (new relationship, a job loss/change, children or illness).
We too purchased during a recession believing we would be ok (good income etc) but for us it went wrong hence my urging of caution.
Singlesue - as ever, good, sensible advice
Hopefully his £18k will offset the potential NE from this year alone and his 20% over payment will cover next year.30th June 2021 completely debt free…. Downsized, reduced working hours and living the dream.0 -
£900 pcm mortgage
£100 council tax
£35pcm maintenance charge/ground rent
£200 for utilitys
= £1235 pcm give or take a few pound
so wheres the 1600 come from?0 -
I just said i live near a Major UK city which is hardly lifeless, i will live outside in a smaller city which is much nicer and cleaner, i can drive around in my car without hassle. My salary goes further which means i can go on holiday more often and less stress on my finances.
you think very short term, a 1 bed box is hardly any good if you suddenly get a family going, also storage space is handy and spare bedrooms are good for my home office. living space is luxury this is why the value is higher the more you have of it.
also london is more in debted than any other city in the UK.0 -
Nice to see such a happy bunch of people on here, is life not for enjoying0
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