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Debate House Prices


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Good deposit?

Adebisi
Adebisi Posts: 142 Forumite
in Debate House Prices & the Economy
My friend is saving for her deposit for her first house and I have been giving her advice after reading the info given on here. I have told her to get together 40%. She is looking for a 5 bed room detached house to buy at the bottom of the house price crash. Using the info here on this forum I have worked out the price of this type of house at the bottom and to get her 40% she will have to save about £2000. Do you thing 40% will be enough or will she need more during the worst of the crash?
When the bloody hell is nelly coming back?
«1

Comments

  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Mortgage-free Glee!
    Not sure im with you,40% £2000?even if you mean £20,000 that would mean getting a 5 bed detatched house for around £50,000 if they go that low i may as well set fire to my 3 bed terrace....
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Adebisi wrote: »
    My friend is saving for her deposit for her first house and I have been giving her advice after reading the info given on here. I have told her to get together 40%. She is looking for a 5 bed room detached house to buy at the bottom of the house price crash. Using the info here on this forum I have worked out the price of this type of house at the bottom and to get her 40% she will have to save about £2000. Do you thing 40% will be enough or will she need more during the worst of the crash?

    Two options:

    a) you made a typing mistake and meant £20,000

    or

    b) you're making an ironic, sarcastic point about the negativity on this board.

    I hope it's not option b as that's my job.
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    woodbine wrote: »
    Not sure im with you,40% £2000?even if you mean £20,000 that would mean getting a 5 bed detatched house for around £50,000 if they go that low i may as well set fire to my 3 bed terrace....

    If your house burns down anytime soon for whatever reason (god forbid) be sure to come on here and delete this post.
  • Adebisi
    Adebisi Posts: 142 Forumite
    WHAT?!! I have told her that she will get one for £50,00 (or £60,00 as she is thinking of moving to london). I do hope you guys are joking. She has set her hopes on it and has already got all the new stuff for it from the new ideal homes exhibition, barbed wire, steel doors, wind generator, shot gun, gun turret, and masses of canned food. She will be upset but then again she is getting sacked tomorrow so it may not be a good idea anyway.
    When the bloody hell is nelly coming back?
  • Adebisi
    Adebisi Posts: 142 Forumite
    She has got another £500 will this help
    When the bloody hell is nelly coming back?
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    sockpuppets wrote: »
    Sock puppet Alert

    sockpuppet300x386.jpg

    How many pictures of people with their hands in socks do you have Brodders?
  • Saver-Rob
    Saver-Rob Posts: 570 Forumite
    Mortgage-free Glee!
    If she can save another £2.50 it would really help. Can she stay @ home for another 5 minutes or is she in a rush?
  • Millionaire
    Millionaire Posts: 3,748 Forumite
    1,000 Posts Combo Breaker
    Cleaver wrote: »
    How many pictures of people with their hands in socks do you have Brodders?

    You sure thats a hand?:p
  • 1echidna
    1echidna Posts: 23,086 Forumite
    Millionaire wrote: »
    You sure thats a hand?:p

    And he is going to make his 'good deposit' in the end of the sock? :confused::p
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It's not a sock, it's Brodder's date!
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