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Debate House Prices


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£705,000 Shared ownership / affordable' home

2

Comments

  • CKhalvashi
    CKhalvashi Posts: 12,134 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    PasturesNew wrote: »
    I need to buy a Transit van and learn how to pee in a bucket. It's cheaper.

    It's a bag, Pastures, that is then left in the library/property you're renting of your choice ;)

    LIR will tell you more :D
    💙💛 💔
  • brit1234
    brit1234 Posts: 5,385 Forumite
    On top of these huge costs the rents and service charge go up by RPI. With the increases in mortgage rates these properties are completely unaffordable. I think the developers who have to build 20% affordable housing on their developments are taking liberties.

    images?q=tbn:ANd9GcS4tQ1kqaG_092J970iexSmq8TIAlY-IG6TOntdLZimyLFMs5wyEg
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • nollag2006
    nollag2006 Posts: 2,638 Forumite
    brit1234 wrote: »
    On top of these huge costs the rents and service charge go up by RPI.

    While market values of rents and house prices in London are rising far faster than RPI
    brit1234 wrote: »
    With the increases in mortgage rates these properties are completely unaffordable.

    What increases in mortgage rates?

    BOE rate is only likely to go down, and fixed rates are falling.
    brit1234 wrote: »
    I think the developers who have to build 20% affordable housing on their developments are taking liberties.

    Then again you thought that house prices would fall 50% by Christmas 2009 and that gold would soar from when you bought in last August.

    How did that work out for you?

    :rotfl:
  • wymondham
    wymondham Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    Pretty much sums up whats wrong with the housing market.... oh well, if people want to live there only they have to pay it (while they can!)
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    brit1234 wrote: »
    On top of these huge costs the rents and service charge go up by RPI. With the increases in mortgage rates these properties are completely unaffordable. I think the developers who have to build 20% affordable housing on their developments are taking liberties.

    images?q=tbn:ANd9GcS4tQ1kqaG_092J970iexSmq8TIAlY-IG6TOntdLZimyLFMs5wyEg

    This is not a scam - admittedly its a pretty poor deal IMO but it is not a scam.
  • CRASH_BANG_WALLOP
    CRASH_BANG_WALLOP Posts: 661 Forumite
    that dude nollag is like a broken record
    Maidstone Prices - average reductions at 8.5% (£19,668) Feb 2012 - We thought the dudes were not allowed to drop prices?
  • nollag2006
    nollag2006 Posts: 2,638 Forumite
    CRASH_BANG_WALLOP wrote: »
    that dude nollag is like a broken record

    Ha! That's a bit rich coming from you

    pot-kettle-black.jpg?w=455


    :rotfl::rotfl::rotfl:
  • heathcote123
    heathcote123 Posts: 1,133 Forumite
    nollag2006 wrote: »
    While market values of rents and house prices in London are rising far faster than RPI



    What increases in mortgage rates?

    BOE rate is only likely to go down, and fixed rates are falling.



    Then again you thought that house prices would fall 50% by Christmas 2009 and that gold would soar from when you bought in last August.

    How did that work out for you?

    :rotfl:

    Hey dont take the pee, he has a masters degree in risk! He knows his stuff!
  • heathcote123
    heathcote123 Posts: 1,133 Forumite
    Figues are quite interesting..

    If they are assuming the 2.3k consists of a 3.5% mortgage on 175k (25%), thats about £1374 left for rent on 525k's worth of flat, about 3%.

    Might not be that bad a deal - does anyone know what a flat like that rents for on the open market?
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    nollag2006 wrote: »
    Then again you thought that house prices would fall 50% by Christmas 2009

    Nollag, do us all a favour and let it go.
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