Breaking news - use a house to live in!

ninky_2

if homes are for living in then why are the vendors selling?

people do need to move you know and it's sensible to try to pay less than the asking price for a property. especially if you might need to move in future or consider the housing market is going down.

Jonbvn

redlady_1 wrote: »

Yes, this is a money saving website and not an investment website. A house should be a home first. If you make some money out of it then well done. Of course we all would like a bargain but if you find somewhere you like and do a deal then surely that should be enough - but it never is.

Why should everyone adopt your ideals??? Some people see property as a business whilst others see a "nest". The UK has a bad case of OCD wrt property and this is unlikely to change.

Mods please move this thread to house prices and the economy forum.

Milliewilly

Jonbvn wrote: »

OP,

You may have noticed that this is money saving website. It is hardly surprising that people are concerned about the price of everything, including houses.

Well said OP.

Yes but this site is heavily weighted in favour of the buyer saving money rather than the seller not losing money. Valuers are always right and vendors always ask too much.....

redlady_1

Im not saying everyone should adopt my ideals. Im saying that given the state of the economy and the levels of personal debt (often having drawn down against the equity in the house) that perhaps a return to the old fashioned idea of a house being a home might not be a bad thing. I'm also not talking about professional landlords, who know exactly what they are doing and provide a valuable service.

lincroft1710

Am I the only person who thinks a home should be used as such and not as a cash cow?

No.

Doshwaster

I suppose the difference is that a house is just about the only thing we buy where we expect the price to go up over time. We don't worry about the "negative equity" of other things such as furniture, cars or TVs. "Oh no! I bought a TV for £500 a few years ago but now it's only worth £150! I'm never going to get my money back!"

lincroft1710

We don't worry about the "negative equity" of other things such as furniture, cars or TVs.

Just as well really. Have you seen how much money some "executive" cars lose in 3 yrs?

Cannon_Fodder

I agree with the sentiment about a house being a home.

I just wonder whether the OP has mis-directed the rant a little bit.

Shouldn't part of the blame lie with a vendor who, knowing what they paid for it, still tries to ask for £20k more for no reason other than time passing.

If they didn't, buyers wouldn't have to try and knock the seller's price down at all.

purplevamp

I totally agree with redlady. I would love to own a house to live in but because of many greedy people who thought they could buy houses, do them up and sell them at sky high profits or rent them out for crazy prices, I am unable to even get a toe on the property ladder :mad:.

redlady ~ you are most definitely not alone in your thinking. :A

Originally Posted by poppysarah
Some comedian recently did a skit about it - that irish fella with the glasses and curly hair - you could prob find it on utube. Snorting with laughter about negative equity and asking why people don't just live in their houses

before_hollywood wrote: »

dylan moran?

I think it's Ed Byrne

ninky_2

Doshwaster wrote: »

I suppose the difference is that a house is just about the only thing we buy where we expect the price to go up over time. We don't worry about the "negative equity" of other things such as furniture, cars or TVs. "Oh no! I bought a TV for £500 a few years ago but now it's only worth £150! I'm never going to get my money back!"

actually i do worry about the negative equity of things. and that's why i don't buy many new things, have a secondhand car and my laptop is nearly a decade old. we should worry about the negative equity of things. maybe worry is the wrong word. but we should certainly consider it and whether the enjoyment value of a new thing is truly worth it.