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I went though this in February when I moved. I think it was just the thought of change really happening. After a week all the bad feelings went away, even more once we started to decorate.
I had the same thing when I brought my precious property as well.
It will pass and then you can just enjoy your new home.0 -
Jack_Johnson_the_acorn wrote: »I don't know Crashy, Unlike you “Lining a landlord’s pockets was never his long term goal” & “Renting is dead money and the bottom line is that I’m tired of paying off someone else’s mortgage. You are also very limited by how homely you can make a place when renting, as you need consent from the landlord for any cosmetic changes — for example, when you’re painting the walls”.
Imagine living in a bedsit for 20 yrs & constantly looking for an even smaller, cheaper place to rent out of fear of a rent rise….. worrying about even painting a wall...... You'd go mad, probably end up posting constantly in a members only, obscure sub forum claiming house prices are going to crash, in the vain hope that you can convince yourself that you've made the right decision.
Yes, I can`t really imagine it though, and neither can you because I have posted links to some of the places I`ve lived in, and you know they are not getting smaller and smaller, it is just that sensible rents can be found if you look for them. There is a difference between a bedsit and a flat, you have to understand this difference before other posters will take you seriously I`m afraid0 -
Actually with that Metro link, it is almost like the media are just making fun of the absurdity of bubble house prices now, people (supposedly) desperate to get into big debt for a shoebox in a c*rap area, almost like they are preparing us for something.......0
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Crashy, do you have nothing better to do than making others lives a misery? Imagine spending years paying out rent and having nothing to show for it. At least those paying a mortgage are paying capital. Even if values do drop, it only actually causes large issues if owners seek to move or if borrowers have had a 95% mortgage and they are now attempting to remortgage with negative equity.
It must be a miserable life trying to bring others down0 -
Yes, it is totally normal, because I too loved it more earlier then now.;)0
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goodwithsaving wrote: »Crashy, do you have nothing better to do than making others lives a misery? Imagine spending years paying out rent and having nothing to show for it. At least those paying a mortgage are paying capital. Even if values do drop, it only actually causes large issues if owners seek to move or if borrowers have had a 95% mortgage and they are now attempting to remortgage with negative equity.
It must be a miserable life trying to bring others down
Not sure how stating the obvious can make people`s lives a misery, unless they are very dependant on their house going up in value...for whatever reason? They also pay interest on that capital, and will pay more interest if rates rise. I can`t imagine being stuck in negative equity in a house you can`t sell being more fun than renting cheaply and being able to move at the drop of a hat if necessary.0 -
Crashy_Time wrote: »I can`t imagine being stuck in negative equity in a house you can`t sell being more fun than renting cheaply and being able to move at the drop of a hat if necessary.
I don't think I've ever met anyone who wants to move at the drop of a hat, I've met plenty of people in rented properties who dread being told they have to move out.
Buying a house is a big commitment, but a brief time in negative equity can still be more cost effective than renting.
With renting, you can never escape losing money on a property.Crashy_Time wrote: »it is just that sensible rents can be found if you look for them. There is a difference between a bedsit and a flat, you have to understand this difference before other posters will take you seriously I`m afraid
Affordable properties are also available if you look for them. Don't buy a flat though.0 -
I don't think I've ever met anyone who wants to move at the drop of a hat, I've met plenty of people in rented properties who dread being told they have to move out.
Buying a house is a big commitment, but a brief time in negative equity can still be more cost effective than renting.
With renting, you can never escape losing money on a property.
Affordable properties are also available if you look for them. Don't buy a flat though.
And you can with a Bubble x 10 mortgage ..
Unless the roof/boiler/fridge/foundations/other/anything breaks/breaks down, or the neighbours repair cars in the front garden and you can`t get a buyer, or the market crashes way below what you paid, or they put a rehab next door, or the neighbour cuts his price to sell, or they raise interest rates, or the EU workers all go home, or any number of reasons.....peddling the myth that buying at any price with a mortgage is the route to happiness is WAY past it`s sell by date IMO.0 -
Crashy_Time wrote: »And you can with a Bubble x 10 mortgage ..
Unless the roof/boiler/fridge/foundations/other/anything breaks/breaks down, or the neighbours repair cars in the front garden and you can`t get a buyer, or the market crashes way below what you paid, or they put a rehab next door, or the neighbour cuts his price to sell, or they raise interest rates, or the EU workers all go home, or any number of reasons.....peddling the myth that buying at any price with a mortgage is the route to happiness is WAY past it`s sell by date IMO.
Calm down. Don't let yourself become so angryGather ye rosebuds while ye may0 -
Jack_Johnson_the_acorn wrote: »I am and my wife is earning more. I have a very avg job within the public sector the wife is a nurse.
Even if the avg is 3k-5k less there are cheaper houses in cheaper areas. It's still obvious that there are plenty of decent houses available quite cheaply all across the North West. What do you class as too expensive? My wife and i purchased a house for 130k which at the time was 3x our annual joint salary. Now it's more like 2.2x.
You clearly have no idea what you're talking about.
So you've already revised your previous stated average income figure down by up to 18%... really convincing argument you're offering here!0
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