utterly disillusioned

Sapphire

lazy_girl wrote:

(p.s. how do the smilies work? Is there an faq on it?)

When you post a message click on any of the icons that appear on the left, like so: :money: to make them appear in your message. :T

If you click on [more] below the icons, you'll get a whole load of additional icons, like so: :bdaycake: :xmastree:

:hello:

RHemmings

lazy_girl wrote:

If there IS history between the two sites, whoever does this is probably going to be labelled a troll or banned. Not a good start to joining either website!


(p.s. how do the smilies work? Is there an faq on it?)

The whole point of the experiment is to see if the sites will label the poster a troll or ban them. And personally, I think a site that is so touchy as to not allow a link to another site is not worth joining.

movieman

Anyway, back to the original question: if you're in your 20s and good with computers I'd say you have two option.

1. Wait a few years and see if prices crash. By all rational standards they should have done so before now, but while the BoE keep interest rates at crazy low levels people can keep borrowing more and more insane debts to push prices higher.

2. If that fails, or if you can't stand waiting to get on with your life, emigrate. Britain may not want you, but plenty of other countries do.

Whatever you do, don't do something stupid like buying a crappy flat with someone else and paying 150k for it. If prices crash you'll be looking at bankruptcy, if prices keep going up you'll be little better off as the price of houses will be even higher than they are today, so any 'free' equity from inflation will barely make a scratch on the cost of buying up.

PropertyGuru

How does being good with computers help? Aren't all the IT jobs going abroad nowadays?

PropertyGuru

Just a quick edit for 'London Landlady', I'm sorry, but you appear to have me confused with someone else. My choice of handle reflects my previous success in the buy to let market, and nothing else. Although I should probably be a little modest and admit my very first purchase (back in the 70's would you believe!) was more luck than skill. Have a nice one!

movieman

How does being good with computers help? Aren't all the IT jobs going abroad nowadays?

A lot of them are, but there are still opportunities all over the world for people who know what they're doing (and, heck, you could always move to China and become a manager for the people who are outsourcing ).

realwildone

Have you thought about buying a house with someone else?

I find comments like this insulting. Do you share your house, toilet, kitchen with a complete stranger. A better suggestion would be to stop people having two or more houses and then this young man could afford one.

Can you imagine the serious financial situation anyone would be in buying a house with a stranger when the relationship breaks down for what could be a variety of trivial matters.

No. This idea belongs in the bin and was only invented by desperate banks and b/s to keep this crazy house buying frenzy going.

I wish you all the luck in the world finding a home. But whatever you do don't get drawn into something stupid like this scheme. A sensible bit of advise would be to wait. Think about in, can this situation continue. NO of cause it can't. But people right now will think it can. A few years later they will wonder why they never saw it coming.

Tomthumb

If you have enough income to allow you to get a mortgage could you not buy in another area and rent it out to cover the mortgage. I know it means that you will still be renting where you are (and paying someone elses mortgage) but someone else will be doing the same for you and at the end of it you will have a property. Does that make sense?

Tomthumb

Georgy, this one looks nice on the outside, reminds me of my old flat in Cheltenham! -
http://www.rightmove.co.uk/viewdetails-12520679.rsp?pa_n=1&tr_t=buy

movieman

If you have enough income to allow you to get a mortgage could you not buy in another area and rent it out to cover the mortgage.

Yes, why buy a house where you live when you could buy a house somewhere you don't live instead, taking on all the costs of owning with none of the benefits (other than some potential 'free money' from price inflation)?

What a strange world we live in...