A bull victory

ruggedtoast

I bought in April and personally I expect my house to be worth slightly less in a year than it is now.

I accepted when I bought that house prices were falling not rising, but we loved the house, could just about afford it, and were paying more in rent than the mortgage would have been.

More importantly there was nowhere else like that house we had seen and the vendors dropped the price so far and then no further. If we didnt buy it someone else would, and my enthusiasm to sign another 6 months AST to my semi hopeless btl landlady was not high.

Its not all just about the maths.

I love where we live now, my home relaxes and supports me, rather than stressing me out. I look forward to going home and I like being there when I am.

I honestly dont care much about its market value. If someone knocked on my door offering me 15 grand more than I paid for it plus all my moving and legal costs; I would not sell it to them.

This is the thing that confounds the hpc debate, it as as much about sentiment as economics.

chucknorris

ruggedtoast wrote: »

I bought in April and personally I expect my house to be worth slightly less in a year than it is now.

I accepted when I bought that house prices were falling not rising, but we loved the house, could just about afford it, and were paying more in rent than the mortgage would have been.

More importantly there was nowhere else like that house we had seen and the vendors dropped the price so far and then no further. If we didnt buy it someone else would, and my enthusiasm to sign another 6 months AST to my semi hopeless btl landlady was not high.

Its not all just about the maths.

I love where we live now, my home relaxes and supports me, rather than stressing me out. I look forward to going home and I like being there when I am.

I honestly dont care much about its market value. If someone knocked on my door offering me 15 grand more than I paid for it plus all my moving and legal costs; I would not sell it to them.

This is the thing that confounds the hpc debate, it as as much about sentiment as economics.

I turned down £100k over the market value a few years ago from a developer who wanted to buy my house and also my 3 neighbour's houses (they said no too).

Dan:_4

Thrugelmir wrote: »

No need to close the forum. Just drop "house prices" from the title will be sufficient.

You can't do that otherwise the nutters will ruin the rather good forum house buying, selling and renting - again.

Actually I take that back, don't close this forum - I just remembered why it was created (and hidden from public view) in the first place!

Pimperne1

ruggedtoast wrote: »

I bought in April and personally I expect my house to be worth slightly less in a year than it is now.

I accepted when I bought that house prices were falling not rising, but we loved the house, could just about afford it, and were paying more in rent than the mortgage would have been.

More importantly there was nowhere else like that house we had seen and the vendors dropped the price so far and then no further. If we didnt buy it someone else would, and my enthusiasm to sign another 6 months AST to my semi hopeless btl landlady was not high.

Its not all just about the maths.

I love where we live now, my home relaxes and supports me, rather than stressing me out. I look forward to going home and I like being there when I am.

I honestly dont care much about its market value. If someone knocked on my door offering me 15 grand more than I paid for it plus all my moving and legal costs; I would not sell it to them.

This is the thing that confounds the hpc debate, it as as much about sentiment as economics.

Yes but wait until those £2k per year maintenance bills land on your doormat (oops, sorry, posting under the wrong username there).

undetterred

Pimperne1 wrote: »

Yes but wait until those £2k per year maintenance bills land on your doormat (oops, sorry, posting under the wrong username there).

Dont forget the much fabled roof replacement and mandatory new boiler every few years,that you dont have to cough up for when renting.

ruggedtoast

And windows. Houses all need windows, very expensive. Its a little known fact that glass is actually a liquid, and will eventually succumb to gravity and splosh over the ground.

Thats a bitter expense for the homeowner.

IveSeenTheLight

undetterred wrote: »

Dont forget the much fabled roof replacement and mandatory new boiler every few years,that you dont have to cough up for when renting.

WOW, must be some sh!thole your renting that needs it's roof and boiler replaced every few years.

I have a property in a street that was built in 1995.
It seems that the boilers needing replaced on average about every 13 years.
None of the roofs have needed replacing in the last 16 years, there have been a couple of minor repairs carried out to pointing.

Hewever, there is one roof that has been treated to extend it's life and it would be interesting to understand if this is a long term cos saving excersize.

I'm considering installing solar panels on my roof as well. Arguably, this would offer an additional layer of protection (from the elements) to extend the roof life.

IveSeenTheLight

ruggedtoast wrote: »

And windows. Houses all need windows, very expensive. Its a little known fact that glass is actually a liquid, and will eventually succumb to gravity and splosh over the ground.

Thats a bitter expense for the homeowner.

HeHe I did know it was a liquid.
You can visually see that on really old stained glass windows where the stain is darker at the bottom than at the top of the panes.

One could argue that window replacement is cost saving from bills in the long run.

Really2

undetterred wrote: »

Dont forget the much fabled roof replacement and mandatory new boiler every few years,that you dont have to cough up for when renting.

I forgot the boiler, 3 years on and oddly mine is still working and has passed all it's services without needing a part?

Roof seems to be still there and not leaking either, Even though we have seen some really bad weather over the period?

HAMISH_MCTAVISH

Really2 wrote: »

I forgot the boiler, 3 years on and oddly mine is still working and has passed all it's services without needing a part?

Roof seems to be still there and not leaking either, Even though we have seen some really bad weather over the period?

I'm sorry but you homeowners obviously have no idea about what is involved with actually owning a home.

It is absolutely mandatory to spend a minimum of 2% of the house value per year on maintenance, to move every 7 years at a cost of £15,000 in removal vans and EA fees each time, and to pick the most expensive fixed rate mortgage you can find, changing it every 2 years, preferably to the provider with the highest fees.

Seriously mate, don't underestimate the importance of this.

After all, if you do not comply with the above, then a number of posters here will be unable to continue justifying their poor choices in life.

And then where would we be?:rotfl: