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Debate House Prices


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Some facts and figures please.

24

Comments

  • geoffky
    geoffky Posts: 6,835 Forumite
    no..:mad: very very risky i know..
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • twadge_face
    twadge_face Posts: 594 Forumite
    geoffky wrote: »
    no..:mad: very very risky i know..
    Courageous... Although at 5% interest that's a nominal "free" rent, but the capital value is depreciating in real terms due to inflation. So in a sense, your savings are getting eaten into, just not nominally (or even nom nom nominally - eaten, geddit?).

    <fetches coat>
    Long live the faces of t'wunty.
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 16 July 2011 at 5:15PM
    November 2011:
    geoffky wrote: »
    right can anyone help me ...
    i have £750k savings which i live off the interest and that is taxed at source i have a isa with 35k in total no tax..the problems is i have not had a tax return for two years and paid any tax apart from what they have taken off interest...should i be paying any more?

    July 2011:
    geoffky wrote: »
    we bought last year..original asking price 299k...sale price 186k,,,,

    July 2011:
    geoffky wrote: »
    270k at 5% gives me 1k a month.tax free

    Just curious, but what have you done with the remaining £564,000 Geoff?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Loughton_Monkey wrote: »
    Those of us who bought over the last 40 years and now live rent free know for a fact that buying was infinitely better than renting. But who are we to say this will be the case in the future?

    A post war generation benefited from interest rates that fell from over 20% to 5%. Along with a technological boom and cheap Chinese labour that boosted real disposable incomes.

    Then withdrew the accumalated equity to party.........
  • geoffky
    geoffky Posts: 6,835 Forumite
    edited 16 July 2011 at 5:25PM
    Cleaver wrote: »
    November 2011:


    July 2011:


    July 2011:


    Just curious, but what have you done with the remaining £564,000 Geoff?
    ,,,clever i was not mad enough to put the whole lot in one account... a 70k haircut would be painful but not devastating if i put the lot on one account. ps you are crap at maths
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • geneer
    geneer Posts: 4,220 Forumite
    Simpley, I think you misunderstand when every one tells you to get fact.
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    geoffky wrote: »
    i was not mad enough to put the whole lot in one account...

    So you still have over half a million?
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Jackanory Geoff,you sent me a pic of your house claiming you paid 180k,now its 186k.
    Suppose will all that money its easy to forget about 6k.
    Official MR B fan club,dont go............................
  • geoffky
    geoffky Posts: 6,835 Forumite
    ess0two wrote: »
    Jackanory Geoff,you sent me a pic of your house claiming you paid 180k,now its 186k.
    Suppose will all that money its easy to forget about 6k.
    GIVE it up you shell minge..
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    geoffky wrote: »
    GIVE it up you shell minge..

    Not for much longer.
    Official MR B fan club,dont go............................
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