Moving Home - Zoopla Hurts!

HJS86

dopester - I am absolutely outraged by your comments!

This is meant to be a HELPFUL discussion forum where people can come to discuss the situations they are in and express their OPINIONS.

So I have to have a head bashing from you left right and centre about the awful decisions I have made yet you cannot accept that I believe renting is not the right way to go? Hypocritical!

I stand by my comment of renting. I am NOT looking down on people who rent (though you are quite happy to look down on people who took on the gov's schemes). I just believe that for me, its not the right thing to do. And I am ENTITLED to that opinion whether you agree with it or not.

And for the record you are wrong. My 'clever' friends who rented and then purchased, did not manage to buy with deposits they had managed to save. You know why? Because their rent was so dam high they had nothing to put away each month to save.

My one set of friends have borrowed £11000 from his Dad which they can now back back monthly as they are paying CHEAPER mortgage payments than rent. So renting helped them not at all.

My other set of friends came into some money which was just enough to put down on a house, else they too would not be in a position to buy as had barely enough to live at the end of the month, let alone start saving for a huge 10% deposit. So you see your calculations are quite simply incorrect and I still believe that renting is not the way to go.

I really do not appreciate your tone. If you disagree with my comments and situation, then please don't come into this thread. As if its not hard enough staying positive, I don't need rude posters coming on here to insult my opinions, whilst they believe they are entitled to theirs.

As for our situation, thanks for bringing up my old thread? Like I said a few posts ago, yes we were very optimistic and didn't follow warnings from others BUT I will state for the record again, that if we had not of moved when we did, and the only option to us was the housing scheme, then we would not be together. So a gloriously happy marriage in a flat we cant sell vs not being together? I've made the RIGHT decision.

Its just bricks and mortar, not a relationship. Whether we could have seen this coming or not, I STILL would have made the same decision. I know thats hard for you to grasp, but its MY decision and I don't need you insulting it all the time.

I came here for practical advice and support. Not to be repeatedly told to get the message. I HAVE THE MESSAGE OK! You can stop now. Yes my flat is not going to sell at the price I have it on for, but we have no choice right now as we weren't accepted for the neg equity mortgage.

And yes, I am alllowed to want want want. Its MY life! I lost my mom last year and if thats taught me anything its that life needs to be lived to the full. If I want something, I'm going to do everything in my power to get it. So despite the reality that I probably wont sell until the flat is under £65,000, I'm leaving it on the market!

I'm not after sympathy, or insult, this is a discussion forum and I think you took it too far just because I disagreed with the decisions you have made. You don't know everything about the market, no one does. We are all just guessing and trying to get on the best we can.

More love, less insult!!! We are on online community after all. Not many come on here for advice about their fabulous decisions. We're all after support and helpful advice.

Graham_Devon

Hmmm. I take back everything I said.

HJS86

Graham_Devon wrote: »

I'd seriously urge going to the media. I for one would be interested in helping and I'm sure others would. If that's not an option for you personally.... what are the terms of your homebuy loan? Do you have to pay the full amount back? Some schemes do shelter the buyer from some of the negative equity. However, I believe you are on the worst scheme, which burdens the buyer with every aspect?

The scheme we are on does protect against negative equity. We have to pay back 36.25% of the sale price. At £80k this was £29k, if my calculations are correct, if we sell at £67000, (yes i know we wont!) then we'll only have to pay back £24287.50.

Graham_Devon

HJS86 wrote: »

The scheme we are on does protect against negative equity. We have to pay back 36.25% of the sale price. At £80k this was £29k, if my calculations are correct, if we sell at £67000, (yes i know we wont!) then we'll only have to pay back £24287.50.

Well that helps you in your calculations then. Have you considered this before now?

HJS86

Graham_Devon wrote: »

Well that helps you in your calculations then. Have you considered this before now?

It does help in the calculations, but not greatly.

We're pinning a lot of hope on March and our reapplication for the neg equity mortgage. We're not talking hundreds of thousands here, so I don't see the big deal. £65,000 would be great. With what we've already paid off the mortgage and the gov scheme percentage, we'd only be about £9-10k in neg equity. Not the end of the world.

Then we'd be able to buy a house which is priced low. Maybe in 20 years time if we sold that house we'd make a profit. All swings and roundabouts.

Even if we didn't, I wouldn't care. Its a home, not a business. We would just like to move.

sugarwalsh

you go girl! Gla you have stood up for yourself, sad that you had to. Like you said you came to vent some frustration and get some helpful advice. I hope now you get it.

Megan

HAMISH_MCTAVISH

HJS86 wrote: »

I stand by my comment of renting. I am NOT looking down on people who rent (though you are quite happy to look down on people who took on the gov's schemes). I just believe that for me, its not the right thing to do. And I am ENTITLED to that opinion whether you agree with it or not.

And for the record you are wrong. My 'clever' friends who rented and then purchased, did not manage to buy with deposits they had managed to save. You know why? Because their rent was so dam high they had nothing to put away each month to save.

My one set of friends have borrowed £11000 from his Dad which they can now back back monthly as they are paying CHEAPER mortgage payments than rent. So renting helped them not at all.

My other set of friends came into some money which was just enough to put down on a house, else they too would not be in a position to buy as had barely enough to live at the end of the month, let alone start saving for a huge 10% deposit. So you see your calculations are quite simply incorrect and I still believe that renting is not the way to go. .

Well said.:T

terrierlady

this has been the story for years two sets of people each thinking their 100% right, renting is 100% right for some people and buying is 100% right for others thats why new home developers come up with so many schemes to get the renters to change sides and like it or not its happening right now because rental prices are growing almost monthly in this part of the country. truth is you pay your money and take your choice ...

GDB2222

HJS86 wrote: »

dopester - I am absolutely outraged by your comments!

Fair enough. Only to be expected.

This is meant to be a HELPFUL discussion forum where people can come to discuss the situations they are in and express their OPINIONS.

Hang on a sec. I thought that's what Dopester did, express his opinions?

So I have to have a head bashing from you left right and centre about the awful decisions I have made yet you cannot accept that I believe renting is not the right way to go? Hypocritical!

I don't see any hypocrisy involved. Wrong word maybe? Surely, the point Dopester made about renting is valid, though? If you rent, you may (but not always) pay more in rent than you would in home ownership. OTOH, if prices go down, you are sooooooo stuffed if you buy.

I stand by my comment of renting. I am NOT looking down on people who rent (though you are quite happy to look down on people who took on the gov's schemes). I just believe that for me, its not the right thing to do. And I am ENTITLED to that opinion whether you agree with it or not.

And Dope is ENTITLED to comment on your opinion if you voice it in a public forum. That opinion, to which you are definitely entitled, has landed you in a terrible pickle.

And for the record you are wrong. My 'clever' friends who rented and then purchased, did not manage to buy with deposits they had managed to save. You know why? Because their rent was so dam high they had nothing to put away each month to save.

My one set of friends have borrowed £11000 from his Dad which they can now back back monthly as they are paying CHEAPER mortgage payments than rent. So renting helped them not at all.

My other set of friends came into some money which was just enough to put down on a house, else they too would not be in a position to buy as had barely enough to live at the end of the month, let alone start saving for a huge 10% deposit. So you see your calculations are quite simply incorrect and I still believe that renting is not the way to go.

I really do not appreciate your tone. If you disagree with my comments and situation, then please don't come into this thread. As if its not hard enough staying positive, I don't need rude posters coming on here to insult my opinions, whilst they believe they are entitled to theirs.

Perhaps Dopester thought that you needed bring back down to earth? It was not the kindest way of putting it, but think of it as tough love.


As for our situation, thanks for bringing up my old thread? Like I said a few posts ago, yes we were very optimistic and didn't follow warnings from others BUT I will state for the record again, that if we had not of moved when we did, and the only option to us was the housing scheme, then we would not be together. So a gloriously happy marriage in a flat we cant sell vs not being together? I've made the RIGHT decision.

Astonishingly romantic! You couldn't have stayed with your partner in a rented flat?


Its just bricks and mortar, not a relationship. Whether we could have seen this coming or not, I STILL would have made the same decision. I know thats hard for you to grasp, but its MY decision and I don't need you insulting it all the time.

Don't post on a public forum then?

I came here for practical advice and support. Not to be repeatedly told to get the message. I HAVE THE MESSAGE OK! You can stop now. Yes my flat is not going to sell at the price I have it on for, but we have no choice right now as we weren't accepted for the neg equity mortgage.




And yes, I am alllowed to want want want. Its MY life! I lost my mom last year and if thats taught me anything its that life needs to be lived to the full. If I want something, I'm going to do everything in my power to get it. So despite the reality that I probably wont sell until the flat is under £65,000, I'm leaving it on the market!

I'm not after sympathy, or insult, this is a discussion forum and I think you took it too far just because I disagreed with the decisions you have made. You don't know everything about the market, no one does. We are all just guessing and trying to get on the best we can.

More love, less insult!!! We are on online community after all. Not many come on here for advice about their fabulous decisions. We're all after support and helpful advice.

I think that an analysis of past wrong decisions is important. It's not really fair to come asking for advice if you have a closed mind and don't take it.

HJS86

GDB2222 wrote: »

I think that an analysis of past wrong decisions is important. It's not really fair to come asking for advice if you have a closed mind and don't take it.

Dopester is entitled to his opinion but has no right in insulting mine. Which I'm sorry if you're their buddy but he did!!

I hope in turn Ive brought him down to earth in terms of notion that renting in today market is def the way to go. It's A way to go, as is buying with a scheme.

Yes renting was an option to take us away from our warring families however we had the option of buying which in our opinion was a better choice.

Yes it's a public forum but I was after advice support and comrade not on going harsh judgement.

Can you please advise me where the helpful advice was in that comment?