If we vote for Brexit what happens

ukcarper

Crashy_Time wrote: »

None of that protects your house price in a crash. Maybe you could rent your house to yourself, you would make a fortune....:rotfl:

Doesn't matter I own it so will not have to pay rent, why would I rent it I would have to rent somewhere myself, don't fancy a tiny float. You really don't get it do you

jimpix12

Crashy_Time wrote: »

Show us some links to what you are talking about then.

He daren't - I'd be on the phone straight away to the agent offering £60k over the current price.

ukcarper

saverbuyer wrote: »

People were saying the same thing in N.I. in 2006.


Luckily I didn't believe them. Carried on renting, watched the market crash 60%, and bought a house in 2012. Paid probably 40k in rent but saved about 500k waiting on the inevitable crash.

Wouldn't have worked where I am prices are now at least 50% higher than 2006

Jack_Johnson_the_acorn

Crashy_Time wrote: »

You have to find a buyer to "benefit" from HPI, that is how Ponzi schemes work. You are sounding pretty desperate today TBH, something must really be in the air.

Is that the best you can respond with. You hate it when facts and figures are presented. I imagine it makes it all too real. How come you didn't respond to the part about being mortgage and rent free for the next 40 yrs, saving at least £300k.

saverbuyer

ukcarper wrote: »

Wouldn't have worked where I am prices are now at least 50% higher than 2006

Yeah and here in NI prices were 50% higher in 2006 than they were in 2003.


Lucky I didn't have that attitude in 2007 or I'd be sitting on 400k negative equity or in a house a third the size of this one.


Crashes do happen in the UK. Houses don't always go up in price. Sometime they fall. Spectacularly.

buglawton

spunko2010 wrote: »

Great article in the Daily Mail showing how ludicrous UK prices are:

http://www.dailymail.co.uk/news/article-3717348/Should-snap-cut-price-chateau-couple-did-swapped-two-bed-East-London-47-rooms-private-forest-moat-swap-pokey-flat-18th-century-castle.html

Admittedly they need work, but still a complete steal compared with the UK ones. No wonder the rampers on here want it to continue, what a great little bunsen burner if you can sell up your sh-tty 3 bed semi in Harpenden and move to a chateau in Normandy.

Nice pics, and astonishing to think that if France had a modern business-minded government, France's unemployment would halve, regions would regenerate and castles like that would at least appreciate 10-fold.
Instead, France is run by a vainglorious socialist whose haircut costs €10,000/month in upkeep. Ah well, 'it could only happen in France'.

ukcarper

saverbuyer wrote: »

Yeah and here in NI prices were 50% higher in 2006 than they were in 2003.


Lucky I didn't have that attitude in 2007 or I'd be sitting on 400k negative equity or in a house a third the size of this one.


Crashes do happen in the UK. Houses don't always go up in price. Sometime they fall. Spectacularly.

Always have but timing it is luck. As I understand it Ireland's housing market is very different to England's and had an over supply of property unlike England where there is a shortage.

glasgowdan

Crashy_Time wrote: »

Show us some links to what you are talking about then.

Oh I don't know, 2 mins on google shows this, sold in 2005 for £335k, now just sold for somewhere around £485k...without being renovated
http://www.rightmove.co.uk/property-for-sale/property-41501889.html

This one has gained about £100k in 8 years
http://www.rightmove.co.uk/property-for-sale/property-54371335.html

We both know how well you could have done with home ownership... not sure if you genuinely think you'll be able to buy a house like these for even 300k any time in future. You won't.

System

glasgowdan wrote: »

Says the man looking to buy a £170k terraced house...

I've been based in Scotland...........Which region are you from?

I currently live in the identical type of house (married quarter) paying 135 pounds per month (includes no water rates to pay, free maintenance, travel to base paid petrol or public transport and 10 travel warrants to my home town worth £180ish each). You could say I'm living for free but I have to pay a contribution to council tax roughly £110.

Not like I spend much time at home - I'm normally on a 9 month deployment!!!

That £170-180k terraced house was a ex married quarter sold off by the MOD 15 years. The property has had no investment. The ex-married quarter still has the old woodchip wallpaper painted magnolia and old MOD carpets. I did put a low offer in but I am not bothered. I save a lot of money each month and planning to become a landlord in my hometown (North East). I am taking it slow and watching how the rental market is affected by the stamp duty and future tax relief changes. I am not a fan of landlords but if you cant beat, join them.

saverbuyer

ukcarper wrote: »

Always have but timing it is luck. As I understand it Ireland's housing market is very different to England's and had an over supply of property unlike England where there is a shortage.

This is Northern Ireland. Part of the UK. Similar building levels. Similar market.