Edinburgher gets cracking!

nattypants

Ah edinburgher, sounds like you and Mrs E had the perfect day:)

I also genuinely love where I stay - large park other side of the road and beach just over five minutes away....amazingly lucky:D

Enjoy you lasagne making and daydreaming.....

edinburgher

It was lovely - although a walk along Mrs E's old street did get me thinking - will we ever be able to afford a house like that? Do I want a £275k mortgage? :eek:

Probably not... I suspect that in 10 years we'll all look back and wonder why we got so worked up about house prices! Our current home is 'worth' £135k. I'd far rather own it + £165k of shares returning dividends than have a big lump of house sitting doing nowt until we die and our kids sell it off

The dearest house going in her neck of the woods was offers over £510k (so say £550k minimum). Who on earth actually has that sort of money?

nattypants

edinburgher wrote: »

The dearest house going in her neck of the woods was offers over £510k (so say £550k minimum). Who on earth actually has that sort of money?

If you were on Grand Designs, this would be your 'going over budget' money:D

HelenDaveKids

Your so right NP.

I have my dream home now and Im very happy. Don't want anything more than i have . ..... no scrub that, to own it outright!

InaPickle

edinburgher wrote: »

It was lovely - although a walk along Mrs E's old street did get me thinking - will we ever be able to afford a house like that? Do I want a £275k mortgage? :eek:

Probably not... I suspect that in 10 years we'll all look back and wonder why we got so worked up about house prices! Our current home is 'worth' £135k. I'd far rather own it + £165k of shares returning dividends than have a big lump of house sitting doing nowt until we die and our kids sell it off

The dearest house going in her neck of the woods was offers over £510k (so say £550k minimum). Who on earth actually has that sort of money?

I reckon it's wiser to buy your first house and pay it off as much as possible before considering something bigger. My dad - a wise man - said he didn't think it a good idea for a young couple to mortgage themselves up to the hilt in case of a baby and the lady not wanting/needing to go back to work full time and causing financial issues.b The bonus of this is that if you decide to upgrade you then have more equity in the house and are paying less interest. Win-win! :T

ammonite

Sooo many people who came to see our first (and only) house made the comment "ooh what a lovely starter home".... it's our forever house (unless we have triplets at some point!) and we love it dearly, it was planned and renovated just how we wanted it so I'm not quite sure why they would assume it was a starter house. I'm so much happier that we bought a house we could afford the repayments on than one we would struggle with just because it was bigger. We'd be in a totally different position now with regards to me going back to work after the baby has been born, but luckily because we were quite sensible we have options other than me having to go back full time.

Glad you had a lovely walk

edinburgher

My dad - a wise man - said he didn't think it a good idea for a young couple to mortgage themselves up to the hilt in case of a baby and the lady not wanting/needing to go back to work full time and causing financial issues

What do you mean Pickle - I'm planning on being a house husband - joining the Flylady thread any minute now

Sooo many people who came to see our first (and only) house made the comment "ooh what a lovely starter home".... it's our forever house

Well, unless you live in a tiny house (and some of those are *amazing* considering they're the size of sheds), people probably just have different aspirations from you?

That said, some houses are very much starter/retirement homes and you know the moment you walk in the door. One good example would be a house we went to see in a very posh area that still claimed two bedrooms, gardens and a garage. There literally wasn't anywhere where more than 2 people could have sat to eat without collapsing furniture!

Maybe that's just a case of much wants more - I remember visiting my grandparents as a kid and they always used a folding table. Maybe dining rooms are my secret middle class folly? :rotfl:

HelenDaveKids

Our first home was a bungalow 2 bed, tiny on a street with loads of old people. It was lovely and quiet which was good as at the time it felt like i was always on nights. Its all we could borrow at the time as the first year I was a student, (DH or BF at time was working and had 2 PT jobs). We stayed there 2 years, and got married whilst living there. But needed to move as wanted children.

When we bought our second house, we saw a fabulous 4 bed detached huge garden but massive renovation project. We went to the bank and they agreed to lend us the money but absolutely max we could borrow. We put in a tentative offer which was turned down and then we sat and talked about what the house meant as we knew we could go to asking price if necessary. It meant we couldnt start a family straight away like we wanted too and that was it - game over. We bought a different property. I have a few regrets - that house is now worth over £400k and is now so far out of reach but hey, have a 3 fabulous kids, very happily married, have worked part time till June this year and live in a fabulous house too. Bizarrely that house sells quite frequently, the couple originally selling was a messy divorce and subsequent owners have split... spookkyyy (or maybe the renovation got to them as was a shell).

We will move again, as this house will be too big when / if theres just the 2 of us, but these days what age do the kids move out? At least if we do end up having the children here forever, theres room.

nattypants

I like the thought of having enough space for kids staying (or returning!) for as long as need be....and also for any future, FUTURE, *FUTURE*, grandchildren (hopefully a good few years off for that one!)

As nice as a 'guest' bedroom sounds, I kinda hope that the bedrooms are always seen as the kids rooms. Possibly that sounds daft to people though.....

edinburgher

£4 payments made to OP Pot and EF.

Withdrew some funds from Paypal - wow! That used to take days

Trip into town today and a riotous family gathering to look forward to.