If we vote for Brexit what happens

Crashy_Time

Jack_Johnson_the_acorn wrote: »

How are you still waffling on about "tulips, debt junkies, ponzi schemes & liar loans". Why would anyone take you seriously, you've lost more money than anyone can imagine, getting the property market so wrong has cost you dearly (don't let it take your sanity too).

Don`t tell me you invested in the Italian banks as well Jack? :rotfl:

ukcarper

Crashy_Time wrote: »

Don`t tell me you invested in the Italian banks as well Jack? :rotfl:

If you had bought a house in 1996 instead of renting rooms you would now own it still prices might drop a bit but it's better to own a £100k house outright than pay £450 a month for a room.

jimpix12

glasgowdan wrote: »

Completion in 3 weeks, and a price under what I thought would be required so not a shred of worry. It's been a long affair trying to get a new family home, since January, and we're so glad it's coming to an end. Just totally fed up of looking and being constantly outbid each and every time. The property market in posh areas in Scotland hasn't been affected as far as I can tell, and I've been keeping a very keen eye on every new home that's come up.

A client of mine has just sold their home after a couple of weeks for more than they paid despite the fact it was bought as a new build 4 years ago, because it's in the catchment area of a top school, the same school catchment area we're moving to. Our house needs some work doing, and I'm glad we got this one because it's only going to increase in value (waits to see who'll take the bait...).

Too many people are missing out on great opportunities after convincing themselves things are careering downhill when, in reality, they aren't. I've 60 or so properties on my rightmove watch list all having been listed since Brexit, all in good school catchments and all priced as they would have been pre brexit. They're almost all under offer or sold. There's far too much evidence around me of houses being fought over by buyers to be convinced things are anything but going well.

But that won't change the chirps of some people on here. I feel sorry for their girlfriends/wives wanting to settle down (though I do assume most of them are single). :A :eek:

Every time glasgowdan posts here, another house in his search area gets snapped up by someone not wanting to miss the boat.

Crashy_Time

ukcarper wrote: »

If you had bought a house in 1996 instead of renting rooms you would now own it still prices might drop a bit but it's better to own a £100k house outright than pay £450 a month for a room.

Yes, I rent a flat though.

Crashy_Time

spunko2010 wrote: »

Every time glasgowdan posts here, another house in his search area gets snapped up by someone not wanting to miss the boat.

He wishes....:rotfl:

Jack_Johnson_the_acorn

Crashy_Time wrote: »

Don`t tell me you invested in the Italian banks as well Jack? :rotfl:

I'm glad you're able to find humour whilst suffering such massive financial losses. I don't know if I could.

To answer your question.... I think we both know the chances of me having invested in Italian banks is as likely as you owning your own home. :beer:

ukcarper

Crashy_Time wrote: »

Yes, I rent a flat though.

So you tell us now but that's not what you said in the past, even if it's true surely you would rather own it and not be paying rent.

glasgowdan

Crashy_Time wrote: »

He wishes....:rotfl:

Happy to throw examples on here as they get sold, if you like? A little reality will do you good.

Crashy_Time

Jack_Johnson_the_acorn wrote: »

I'm glad you're able to find humour whilst suffering such massive financial losses. I don't know if I could.

To answer your question.... I think we both know the chances of me having invested in Italian banks is as likely as you owning your own home. :beer:

I think our concepts of "massive" and "losses" are quite different :rotfl:, people who bet it all on the "house" do tend to see a polarised black and white world where there are limited options, only winning (market goes up) and losing (market goes down) In this environment you need to be flexible, renting cheaply while saving/investing more than the rent suits me fine. When I last owned a property I lived 200 odd miles away from the property and the various tenants I had (all people I knew) did nothing but wreck it and annoy the neighbours, massive headache and not really a long term workable situation. We can thrash about back and forth on the internet all day (and I know many of you do :rotfl:) but it won`t change the fact that there are some juicy political and banking problems coming quickly down the track, and we can each only prepare in our own way to deal with the situation. As I have said many times, I am really really glad not to be attached to a large mortgage debt at the present moment.

Crashy_Time

ukcarper wrote: »

So you tell us now but that's not what you said in the past, even if it's true surely you would rather own it and not be paying rent.

No, it has been explained very clearly, I have had this flat for a couple of years, and the last flat (I bedroom, I box-room, maybe that is where you became confused about rooms and renting them?) for 7 years, and before that I rented a room in a shared house (Fred the Shred`s street if that rings any bells for you) that cost £334 or thereabout a month, with the house probably valued at about 800k at that time (pure guess) which I considered a good deal. There are links to the actual house on the discussion forum so checking it`s historical value shouldn`t be difficult if that interests you. Staying in one house/area for decades and counting how many pennies I have saved over renting isn`t for me, I believe in saving/investing more than the rent, and measuring "wealth" in how many years I could live at present expenditure without working. As you can imagine if you do your sums I am doing pretty well at this so far. And as for owning this flat, or any of them, no thanks, the roof came off the top flat in the last block every windy season, cue neighbour with the begging bowl (not pennies though) at the door for people to chip in, and this flat so far has been great, but if any problem neighbours move in the option is there to pack and move quickly.