My first London flat (1988) is up for sale...

Crashy_Time

Jack_Johnson_the_acorn wrote: »

Does the truth hurt Crashy?

I was 25 when I bought, what are you now, 45? Must be pretty humiliating for somebody with such financial savvy....... :rotfl:

Wow, bought cash no mortgage, well done, and staying for life no doubt, take a gold medal, you are a star!

Jack_Johnson_the_acorn

Crashy_Time wrote: »

Wow, bought cash no mortgage, well done, and staying for life no doubt, take a gold medal, you are a star!

I just wonder why you frequent this forum with your green eyed bitterness. It doesn't seem to make you happy. As you say, it's only read by about a dozen people, why do you care that the majority of us have managed to buy. Why is it that you must try and convince us all that we have made a mistake, what we should have done is remained single moving from one studio flat to HMO ad infinitum.
:undecided:huh::doh:

Crashy_Time

Jack_Johnson_the_acorn wrote: »

I just wonder why you frequent this forum with your green eyed bitterness. It doesn't seem to make you happy. As you say, it's only read by about a dozen people, why do you care that the majority of us have managed to buy. Why is it that you must try and convince us all that we have made a mistake, what we should have done is remained single moving from one studio flat to HMO ad infinitum.
:undecided:huh::doh:

Truth hurt Jacky? :rotfl:

Jack_Johnson_the_acorn

Crashy_Time wrote: »

Truth hurt Jacky? :rotfl:

Yes. Living in a HMO, single at 50 & sharing a toilet makes me very jealous.

Crashy_Time

Jack_Johnson_the_acorn wrote: »

Yes. Living in a HMO, single at 50 & sharing a toilet makes me very jealous.

Were people jealous when you bought your house outright Jack?

westernpromise

Face it Crashy. That flat was sold for £105k in '99, then £205k in March 2006, for £250k in July 2006 and it's just gone for £475k. The latest buyer collects £225k to put towards his next place. The one before that trousered £45k and the one who bought it off me pocketed £100k. I collected a mere £20k (but it did fund a £250k buy that's now worth just under the million, so I'm not complaining).

You would have told every one of those buyers not to buy it because it was about to crash. And here you'd be 18 years later, doing your little smileys, still renting a bedsit, and as wrong as wrong can be.

Your life is spent regretting other people's superior judgment. You are such a mug.

Crashy_Time

westernpromise wrote: »

Face it Crashy. That flat was sold for £105k in '99, then £205k in March 2006, for £250k in July 2006 and it's just gone for £475k. The latest buyer collects £225k to put towards his next place. The one before that trousered £45k and the one who bought it off me pocketed £100k. I collected a mere £20k (but it did fund a £250k buy that's now worth just under the million, so I'm not complaining).

You would have told every one of those buyers not to buy it because it was about to crash. And here you'd be 18 years later, doing your little smileys, still renting a bedsit, and as wrong as wrong can be.

Your life is spent regretting other people's superior judgment. You are such a mug.

If you are such a winner, why do you spend every day of your life on here?

Jack_Johnson_the_acorn

Crashy_Time wrote: »

Were people jealous when you bought your house outright Jack?

Only you for some bizarre reason.

10yr fix with first direct would cost £631pcm if I was as desperately frightened of a rate increase as you clearly are. £91,500 remaining at 2.99%. But luckily I'm loaded so can afford to take on a 2yr fix at 1.74% or £574 pcm. I'll be overpaying by £300 pcm either way so should be mortgage free in 8 yrs. :beer:

Crashy_Time

Jack_Johnson_the_acorn wrote: »

Only you for some bizarre reason.

Whether you bought three houses for cash at age 17 (or was it 12 you developed your fascination for house prices, or was that another poster? :rotfl:) makes no difference to the bigger picture....it is a bubble and it is popping. Many will regret stretching to take on too much debt. Whether you know the difference between a flat and an HMO, or what a bed-sit is or how to tie your laces makes no difference.......:money:

Jack_Johnson_the_acorn

Crashy_Time wrote: »

Whether you bought three houses for cash at age 17 (or was it 12 you developed your fascination for house prices, or was that another poster? :rotfl:) makes no difference to the bigger picture....it is a bubble and it is popping. Many will regret stretching to take on too much debt. Whether you know the difference between a flat and an HMO, or what a bed-sit is or how to tie your laces makes no difference.......:money:

How much is it going to pop in the NW as I'll need a 50% drop to be in negative equity. Why that would matter to me I don't know. I have no intention of selling.