MSE News: House asking prices reach new high

harpoboy

NPowerUser wrote: »

Why pay over £700 a month renting when for not much more you can buy?

Buying is far cheaper than renting in nearly all of the UK.

According to the government's official figures the average renter pays £160 per week, while the average mortgage holder pays £143:
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/6739/2173283.pdf


And the added beauty is, that at the end of 25 years, the house is completely your own!

Percy1983

I will say renting would be slightly less than my mortgage for where I am, but as it is my mortgage will stay stable while rents will rise, but as you say they fact its done in 25 years is worth it either way.

Pincher

Reduce the world population, or treat people as over-breeding rats, and pack them ten to a room.

NPowerUser

Regardless of the obvious reasons for buying versus renting, retirement was always a major consideration.

The thought of paying rent out of my pension in retirement or being moved around social housing due to under occupancy or forced to pay bedroom tax or the latest fad to collect money from the poor is impetus enough.

With the welfare bill rising year on year, who's to say what help folk will get in the future?

gadgetmind

NPowerUser wrote: »

the latest fad to collect money from the poor

Collect money? Surely this was just a way to try and make the hand-outs more sustainable to reduce the drain on those who are working hard enough to support themselves?

Percy1983

NPowerUser wrote: »

Regardless of the obvious reasons for buying versus renting, retirement was always a major consideration.

The thought of paying rent out of my pension in retirement or being moved around social housing due to under occupancy or forced to pay bedroom tax or the latest fad to collect money from the poor is impetus enough.

With the welfare bill rising year on year, who's to say what help folk will get in the future?

Still haven't seen them collect this 'bedroom tax' from anybodies earned income... wait a minute maybe it isn't a tax...

thedalmeny

Have to say, i think the likes of Zoopla are well off.

I've just purchased a new build property, 4 bedroom detached at around 1250 sqft.

Listed for £192,000 and got it for £182,000 with free carpets, turf, integrated fridge & freezer and stamp duty paid.

Last one to sell, on the same road and exactly the same house type as mine sold for £189,995 in Jan 2013.

Zoopla estimate that house is now worth £197,731

Seems a bit unrealistic... I know i got a good price looking when looking at sold prices in a 3-5 mile radius and currently listed asking prices also.... But..

Carl31

thedalmeny wrote: »

Have to say, i think the likes of Zoopla are well off.

I've just purchased a new build property, 4 bedroom detached at around 1250 sqft.

Listed for £192,000 and got it for £182,000 with free carpets, turf, integrated fridge & freezer and stamp duty paid.

Last one to sell, on the same road and exactly the same house type as mine sold for £189,995 in Jan 2013.

Zoopla estimate that house is now worth £197,731

Seems a bit unrealistic... I know i got a good price looking when looking at sold prices in a 3-5 mile radius and currently listed asking prices also.... But..

I agree. The last 2 houses sold in our road were listed on zoopla at around £280k, both went for £250k

Houses round here also seem to take a while to sell, i wonder if sites like that gibe unrealistic expectstions to sellers. One house round the corner has been on the market a year

Percy1983

I do remember a property near mine was up for sale when we bought, it was the same contruction but with lessor gardens and needed more work, it was listed at more than the one we bought and it is still unsold now.