Rightmove: Buying Window is next 12-18 months

Dan:_4

The_White_Horse wrote: »

you could though, if it cost 55k.

i'll have 3 of them please.

PasturesNew

As a singleton, it is annoying how the cost of the land means you can only get a !!!!!! place for your money ... yet double would buy a mansion.

Imagine a life where you could never live in a nice place, but had to live in a 1-bed sh1thole forever, because you were useless and couldn't get a partner.

Singletons are back of the queue in everything.

nembot

Think I would like to recall my original posts in this thread, with a 41% increase in the number of properties for sale yoy - there should be some fantastic bargains coming up on the next 18 months, as the sellers follow the market down.

Goodbye, easy credit - we had such fun times

Au revoir, supply and demand - should never of believed in you from the start _pale_

split_second

Dan: wrote: »

A singleton earning a measly 18K should not be thinking about home ownership.

i love proving people with opinions like yours wrong

i bought a £70k repo bargain last year, put down a £12k cash deposit down and borrowed 3.5x income

fair enough they are rare but save some money and be prepared to strike when there are bargains, there were loads of people on here saying i should just move into houseshares.

it was even funnier when my mate spotted a similar bargain and bought as well (his was a repo too)

tommy75

Dan: wrote: »

A singleton earning a measly 18K should not be thinking about home ownership.

Why not? 10 years ago, those lucky enough to be the right age/time could buy a nice semi/det in most areas of the UK on 18k. Why should they be not allowed to buy a home now?

Dan:_4

tommy75 wrote: »

Why not? 10 years ago, those lucky enough to be the right age/time could buy a nice semi/det in most areas of the UK on 18k. Why should they be not allowed to buy a home now?

10 years ago i wouldnt have described 18K as measly.

DervProf

chucknorris wrote: »

That's simply not true, if I am achieving a decent yield, getting a good mortgage rate that both equate to a decent profit margin, that's all I need to know

At that moment in time.

Sibley

To be fair it's always been difficult buying a place when your single.
I went to work in Germany for 2 years just to get the deposit together for my place.

It makes me laugh all these poor souls who are priced out. You are not. Only you can't be bothered to do what it takes to get on the ladder. I left school with nothing and have been given nothing by anyone.
Try working hard and saving instead of bleating on message boards that your priced out. If you worked a part time job instead of sitting on the internet I reckon you'd have a deposit in a couple of years.

Dirk_Rambo

Sibley wrote: »

I put HPC website to the sword. :j

dear sibeley , i think you should watch the action replay. if you do youll see that rather than u put anyone to the sword your the 1 whose been savagley knifed in the back cos HPC is still there and your not.

ps. i hope your enjoyig your new web site, were all very freindly here

chucknorris

DervProf wrote: »

At that moment in time.

No! not just at that moment in time, investment property rarely looks great in year one! It usually starts to look much better in 5-10 years. I bought most of mine in the 90's and believe me they look better than great now, and I am not talking about capital growth I am talking about yileds and profitability. In year one it merely has to look ok (because you know that rents will inflate but mortgage rates will merely fluctuate), why can't you understand that the performance of investment property improves over time?

Before anyone say 'but interest rates will increase from 0.5%' of course they will thats why I use a 6% mortgage rate in any appriasal, they will merely fluctuate from that level.