Renting vs buying in 2017

motorguy

tara747 wrote: »

I don't think we've been told everything. The PM needs to clarify what she knew and when.

We're never told everything.

And we'll never be fully told who knew what when.

Zola.

motorguy wrote: »

I think 0.25% is that miniscule it wont impact anyone (except BMW drivers).

Even a gradual increase over a number of years will just see people move to the best deals when their tie in periods are up. I dont think there are too many people with negative equity now given we're seeing a small year on year increase, that would struggle to remortgage elsewhere to a lower rate if they really had to.

Likewise i dont forsee any crash happening here - maybe a bit of stagnation or very small decreases at worst if the economy does go pear shaped.

Not bothered personally.

I work in Manchester for part of the week and a guy i work with just sold his semi detached for £775,000. Some semis here are now breaking £1,000,000. Those sorts of prices would make me worry.... thats Greater Manchester too, not London.

nearly £800k, holy !!!!! Is he moving to NI? Could have a mansion for that, and several BMWs, NOT ON FINANCE :rotfl:

motorguy

Zola. wrote: »

nearly £800k, holy !!!!! Is he moving to NI? Could have a mansion for that, and several BMWs, NOT ON FINANCE :rotfl:

Oh i know. I was showing him what he could buy over here for that sort of dosh. Needless to say he was like :eek:

He could buy a very nice house over here for £300,000 and put half a million in the bank.

qwert_yuiop

tara747 wrote: »

I don't think we've been told everything. The PM needs to clarify what she knew and when.

Well, that was over priti quickly. I wonder what will emerge.

RikM

Zola. wrote: »

nearly £800k, holy !!!!! Is he moving to NI? Could have a mansion for that, and several BMWs, NOT ON FINANCE :rotfl:

I think a local B2 listed Georgian, 7 bed, with pool, went for less than 500k last year... If only...

motorguy

RikM wrote: »

I think a local B2 listed Georgian, 7 bed, with pool, went for less than 500k last year... If only...

Where was that?

RikM

Carrick, but I got the date wrong... think it was actually 2013/14:
http://www.rightmove.co.uk/property-for-sale/property-38188811.html
Went to auction, with a guide price of 275k, iirc...

qwert_yuiop

motorguy wrote: »

I think 0.25% is that miniscule it wont impact anyone (except BMW drivers).

Even a gradual increase over a number of years will just see people move to the best deals when their tie in periods are up. I dont think there are too many people with negative equity now given we're seeing a small year on year increase, that would struggle to remortgage elsewhere to a lower rate if they really had to.

Likewise i dont forsee any crash happening here - maybe a bit of stagnation or very small decreases at worst if the economy does go pear shaped.

Not bothered personally.

I work in Manchester for part of the week and a guy i work with just sold his semi detached for £775,000. Some semis here are now breaking £1,000,000. Those sorts of prices would make me worry.... thats Greater Manchester too, not London.

What part of Manchester?

motorguy

qwert_yuiop wrote: »

What part of Manchester?

Didsbury....

motorguy

RikM wrote: »

Carrick, but I got the date wrong... think it was actually 2013/14:
http://www.rightmove.co.uk/property-for-sale/property-38188811.html
Went to auction, with a guide price of 275k, iirc...

:eek:

Thats mad for the size of the house.