450k for a three bed flat-madness ! Now these people face ruin.

chucky

dfh wrote: »

http://www.guardian.co.uk/money/2009/aug/08/berkeley-homes-mortgage-deposit

Here is an article from the guardian ! My headline is Daily mailish though !

that will teach them to buy a new-build... they assumed too much and do feel slightly sorry to them.
a harsh and unfortunate lesson taught...

very similar argument to those that can't afford to buy property.
you can't blame others for your decisions financially or in life... you get on with it.

mewbie_2

chucky wrote: »

that will teach them to buy a new-build... they assumed too much and do feel slightly sorry to them.
a harsh and unfortunate lesson taught...

very similar argument to those that can't afford to buy property.
you can't blame others for your decisions financially or in life... you get on with it.

Who do you blame for your misfortunes Chucky?

Graham_Devon

chucky wrote: »

that will teach them to buy a new-build... they assumed too much and do feel slightly sorry to them.

It's this which really gets to me. Where else should they have bought chucky? A nice victorian detached?

They had little choice unless they wished to rent for what they saw as the rest of their lives.

Cleaver

Graham_Devon wrote: »

It's this which really gets to me. Where else should they have bought chucky? A nice victorian detached?

Erm... yeah. Or a terrace. Or a semi-detached. Or a flat that wasn't new build. Or basically something that wasn't off-plan from a developer.

Or am I missing something?

mewbie_2

Cleaver wrote: »

Erm... yeah. Or a terrace. Or a semi-detached. Or a flat that wasn't new build. Or basically something that wasn't off-plan from a developer.

Or am I missing something?

Yes. Empathy.

PasturesNew

"People like us" never used to buy off plan. That's a new madness.

"People like us" used to buy proeprty that was built.

Off plan was meant for proper investors, and it all got warped when people like Inside Track started flogging them off to Joe Public.

20 years ago, if you had bought off plan it wouldn't have been in a rush and a scrabble. It would have been a considered, investment type deal. Done in the cold light of day. With financial side of things assured (i.e. only the established/well off).

FungusFighter

Cleaver wrote: »

Erm... yeah. Or a terrace. Or a semi-detached. Or a flat that wasn't new build. Or basically something that wasn't off-plan from a developer.

Or am I missing something?

No you aint mate, but you need to give Chucky-boy half an hour to catch up, he's on eejit-time;)

chucky

mewbie wrote: »

Who do you blame for your misfortunes Chucky?

your wife maybe. could you tell your her to take that picture of me off her wall please. but tell her i'll be round later though

mewbie_2

FungusFighter wrote: »

No you aint mate, but you need to give Chucky-boy half an hour to catch up, he's on eejit-time;)

It takes time to decide which one of his half wit ID's to deploy. Like a game of chess played by the UK's only surviving brain donor.

Cleaver

mewbie wrote: »

Yes. Empathy.

That's a bit unfair. I would like to think I'm pretty sympathetic to anyone in financial difficulty, but at the end of the day they chose to buy the property.

Just had a quick look at Rightmove, and for the £300k that someone in the article spent at the development in Woolwich they could have bought a 4-bed terrace in the same area that looks pretty nice to me (and I know which I'd have bought).

Edit: and whilst I'm sure you're just joking Mewbs, there isn't much empathy for the couples on Location, Location, Location on the weekly mocking thread on here who want houses to impress their friends and a sixth bedroom to keep a shoe collection. What's the difference?