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Buy or still rent aged over 40?
Comments
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At least you sold your property at the right time!
Without knowing your individual details (married, kids, job etc) I don't think anyone can give much useful advice.
If you're single and can buy a one bed flat, then that is completely different to a guy with a wife and four kids to house.
Also, it's surprising how many men are completely cured of depression by emigrating to exotic lands...
I don't know if it's the exotic food, women, culture or weather, but it is certainly under reported...
Google it if you don't believe me...0 -
Thanks everyone for all your replies, much appreciated.
Regarding the medical it must have been for mortgage protection insurance. I was thinking wrongly it was for the actual mortgage.
I decided to sell my flat as I was wanting some more space as it was only a studio plus the block it was in began attracting tenants who were noisy and into drugs. At the time I put it up for sale I think I was the only owner occupier in the block of 8 flats.
I am favouring the buy option now but it wont be until at least next year I think. In a way, I miss the luxury of being able to do exactly what I want in my own space instead of having to get a landlord approval for so many things.0 -
Northerner1234 wrote: »Thanks everyone
I decided to sell my flat as I was wanting some more space as it was only a studio plus the block it was in began attracting tenants who were noisy and into drugs. At the time I put it up for sale I think I was the only owner occupier in the block of 8 flats.
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I wonder how much you would have got for your flat if you'd waited until 2008/9 to sell?0 -
Cautious_Optimist wrote: »I wonder how much you would have got for your flat if you'd waited until 2008/9 to sell?
Not sure as when I put it up for sale in 2006 I had no idea how high the prices had increased. A few months ago it was bought for less than I sold it for, fully refurbished and is back on the market for £15000 more than I sold it for.
Its hard to believe now that when I bought the flat you could get them for as little as £10000 in average condition!0
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