We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Disadvantages in selling up?
amcluesent
Posts: 9,425 Forumite
I'm single, in ful-time employment (public sector) and have a property valued at £110,000 with no mortgage.
To avoid commuting, I'm thinking of selling-up and renting in London. What are the disadvantages?
Obviously no chance of capital gain, but then I think the market is about to go pear-shaped anyhow as the economy crashes.
Any other serious downsides of not being a house owner?
To avoid commuting, I'm thinking of selling-up and renting in London. What are the disadvantages?
Obviously no chance of capital gain, but then I think the market is about to go pear-shaped anyhow as the economy crashes.
Any other serious downsides of not being a house owner?
0
Comments
-
Could you rent out your property and rent in London (or buy in London?).
I personally would be wary of coming off the property ladder and paying someone elses mortgage for them! xx0 -
Once you step off the housing ladder, you will be left behind price-wise and have difficulty getting back on.
While house prices may fluctuate a little, there is no way there will be a house-price crash - there has always been a shortage of houses on the market and this is unlikely to improve, no matter what efforts governments make to build more. BTR, relationship breakups (two houses needed instead of one) are piling on the pressure. 'Cuffie' makes a good point."Some say the cup is half empty, while others say it is half full. However, this is skirting around the issue. The real problem is that the cup is too big."0 -
i would rent it out, and then go and rent in london, IF the figures make sense.0
-
do you not live in london already, is that not where your property is as thats your location
:beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0 -
Are there any properties in London for 110K?0
-
yes,there's plenty of them! usually called garages or pathways or small gardens!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards