Just a bit of a rant really

Mrs_pbradley936

clutton wrote:

every single person i have ever spoken to (hundreds) wanting to sell their house quickly, - the reason has always been that they were getting threatening letters from either their lender, or the local court, and without exceptin they had remortgaged, often several times.

remortgaging = taking on more debt - how can that possibly equate to solving debt ?

runs off screaming pulling hair out !!!!!

Is this attitude anything to do with age? I totally agree with you but then I grew up without 100% mortgages, credit cards, store cards etc.

clutton_2

""Is this attitude anything to do with age?"" - unfortunatley not - all ages, sadly, - but the majority of folks i have met have been living in ex council houses, which they bought under Right to Buy - and then found that they did not have either the budgeting skills, maintainance skills, or interest in keeping in credit. This is not judgemental in any way of council house folks, just a comment on my experiences of folks in debt who i have met.

lynzpower

pbradley936 wrote:

Is this attitude anything to do with age? I totally agree with you but then I grew up without 100% mortgages, credit cards, store cards etc.

Well Im 28, and I feel the same. Although I wouldnt have 6 months ago :rolleyes:

Cheers gang for helping me see the light :A with basic common sense

sparklewing

OKKKKKKKKKKKKKKKKKKK

my 'release the equity' comment was a joke! I'm not one for being conned by Carol Vordeman style loans, nor am I about to remortgage my flat and have my lenders chasing me for money for my debts!!!!!!!

And I'm in a rush to move because my flat is tiny and I would like somewhere bigger. Again my comment about finding a husband was a joke, I don't actually intend to marry at any stage so should I stay in a tiny one bed flat because in your view I have no need of a bigger place?

sparklewing

And I don't have a 100% mortgage, store card or a credit card. My only debt other than my mortgageis an interest free overdraft.

Not sure if this comment was aimed at me but the way this thread reads it feels like some of you have jumped to WAY too many conclusions about me based on a jokey comment and my age!

Newone_2

sparklewing wrote:

Sorry this thread has no real purpose except for me wanting to vent.

I bought my little(very little) 1 bed flat 2 years ago for 45k. Last week I was feeling nosy so asked an estate agent to give me a rough valuation for after I have had the windows and bathroom replaced.

He said I'll get about 70-75k!!!!!!! Not bad considering it's only going to cost about 5k to get stuff done.

So duly excited and buzzing I started looking at property sites with grand ideas of moving somewhere which might be big enough to swing a cat.

Now obviously on my income bank will still only give me 45k mortgage, maybe 50k at a push. Then got that lovely 25k approx profit from this place.

But of course I can't afford anywhere bigger or better than the flat I'm in already. Of course I know it makes sense if my flat has increased in value so has everywhere else, BUT IT'S JUST NOT FAIR!!!!!!!

This was meant to be my starter flat for a couple of years and I was lucky and bought in a cheap up and coming area. But I'm going to be stuck here forever unless I miraculously find a new job willing to pay me treble what I currently get.

I know I'm in a rubbish paying job but I enjoy it, don't really want to do something I hate that pays well just cos the nasty housing market is evil.

Any rant over apologies for the totally unrelevant thread.

i totally agree!!!!!

i have made the same jokes about needing a rich husband etc etc but didn't mean any of it and had people jump down my throat for the comment!!! (suppose i went to far the time i said as long as he lived somewhere else and let me have the place to myself.....hhhhmmm...

i nearly bought a three bed town house three years ago, fully furnished for £34950 but buyers decided to rent to their friend and move abroad. my salary back then allowed me to lend £49k so was well within my budget. im an ftb btw.

now, my salary had increased over the years, doing a job i love, but even now only incraese my mortage allowance to £55k, with avaerage house prices here in leeds being at least 75k for any thing with a bit of space and not being astudio flat, i am struggling.

really do feel for you sparklewig


hehehe..........just thought of a fantastic advert for a lonely hearts page

"single girl looking for man with old-fashioned values, you are more than welcome to be the main provider, totally fine with you working away"

wonder if this work???!!!! (evil laughs now take over...) :rotfl: :rotfl: :rotfl:

clutton_2

if he has a brother, can you pass him on to me please !!!!

paul.carter

Zammo wrote:

Sell up, bank the profits and wait for the coming crash, only then will you realise your dreams.

This advice has been doing the rounds for many years, especially in the last 2-3. Those that took it have slid many rungs down the property ladder. The crash won't happen, at worst stagnation may set in for areas that have boomed. The shortage in housing stock and lack of new housing indicates that the market will continue to rise.

paul.carter

Just a thought about your windows, you may have already tried this.

In the last couple of houses that I have developed I have used a local builder to fit the windows. I have bought the windows directly from a local window company and the builders fitted them for me. This has cut out any salesman's comission that might be added and really brought the price down. The local company sent out a fitter to do the measurements (don't measure yourself because if they don't fit you won't have a leg to stand on). Get a price on this method first then you can compare with a window company.
Hope this helps.

whambamboo

paul.carter wrote:

This advice has been doing the rounds for many years, especially in the last 2-3. Those that took it have slid many rungs down the property ladder. The crash won't happen, at worst stagnation may set in for areas that have boomed. The shortage in housing stock and lack of new housing indicates that the market will continue to rise.

What a load of rubbish.

The OP has a 1-bed flat, which is the least desirable form of property, and which is being built in large numbers around the country. There is no shortage of these properties: in fact on the contrary new build flats generally lose value. These properties will be worst hit in the event of a downturn, as they are obviously least desirable, and if prices fall, people will be able to afford, and will prefer a house to a tiny flat.

He didn't say where it was, but it's clearly not Chelsea for £75k.

In many parts of the country there is in fact depopulation - that's why West Yorkshire will have 1 fewer MP at the next election than the last, so tripling of prices in these areas is madness. As for slipping down the property ladder, the reason for that is that prices are rising, so it's now much harder to go from a 2-bed flat to a 3-bed house, because prices are rising at every level - to nobody's benefit except Gordon Brown I might add.