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What would you do? Trading down
ivavoucher
Posts: 529 Forumite
If
You were selling a £1,000,000 house, (mortgage free)
You were a 51 year old couple with a small income working from home.
Would you invest the whole £1 mil and rent?
Or would you buy house cash and invest the remainder.
You were selling a £1,000,000 house, (mortgage free)
You were a 51 year old couple with a small income working from home.
Would you invest the whole £1 mil and rent?
Or would you buy house cash and invest the remainder.
0
Comments
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Buy, you want to know that you cannot be turfed out on a landlord's whim.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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Definately buy. However, I would buy something that I could live out the rest of my days so taking into consideration stairs, decorating, gardening etc etc and try to take on something which I know I could manage as I got older.
I'd also consider buying another property oversees to let as a holiday home to get some more income coming in so's I could invest more!!
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I'd buy. Not much else to say. I'd want the security to be able to stay and do what I wanted to my own house. And I'd leave plenty over to invest.Everything that is supposed to be in heaven is already here on earth.
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Not really enough info - but my answer would be buy.
Would you be staying in the same area?
Would you want a house of similar standard?
I spoke to someone who had bought a flat for £56k the other day.
One bedroom.
So if you were prepared to move, you could buy and have a lot to invest.We all evolve - get on with it0 -
If I was staying in this country I'd buy somewhere. If I was going abroad, it would depend on reletive costs and security of tenure.0
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If you consider a property as another form of investment then I would certainly buy. At least you'll know your investment is being properly looked after ;-)
As has been said it depends on so many other factors. Also depends on the area you want to live in. Some places you'll get a nice dateched house for 400k leaving you 600k to invest. Giving you a good income with no rent to pay.0 -
I would buy and invest the rest.
If you have enough money to buy somewhere outright (which you clearlydo, as you're downsizing), then you won't be wasting money on interest or rent.Errors of opinion may be tolerated where reason is left free to combat it. - Jefferson0 -
hi :hello:
I would buy and invest the rest some in instant savings account some in isa and the rest in varying investments:j Where there is a will there is a way - there is a way and I will find it :j0 -
ivavoucher wrote: »If
You were selling a £1,000,000 house, (mortgage free)
You were a 51 year old couple with a small income working from home.
Would you invest the whole £1 mil and rent?
Or would you buy house cash and invest the remainder.
Probably the wrong place to ask.
Most of us on here can't afford a house and if you look at our signatures currently owe on average more than £500 to littlewoods.0 -
thanking yourself again Mr b? :rolleyes: I feel sorry for you _pale_
For the main reason that lots of ASTs forbid running a business from home.:beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0
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