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Is this buyers remorse?

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  • Marvel1
    Marvel1 Posts: 7,172 Forumite
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    edited 10 September 2017 at 11:35PM
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    May as well join,bought mine for £65,500 in 2007 (the year before the seller bought it for half), most likely the same now, houses in my street are not selling or very slowly.

    Do I care? No, as I have no plans to move - I just can't be bothered, roof over my head that's what matters to me even though i hate the house. Also mortgage being only £197 is a bonus due to being 2% over the BOE rate :D
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    http://www.bbc.co.uk/news/business-41200686
  • purpleparrotuk
    purpleparrotuk Posts: 365 Forumite
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    Crashy_Time wrote: »
    http://www.bbc.co.uk/news/business-41200686

    Why do you keep posting links on here? This thread started off on one topic any you keep posting random links nothing to do with it.
  • Out,_Vile_Jelly
    Out,_Vile_Jelly Posts: 4,842 Forumite
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    Crashy_Time wrote: »
    Was the flat in London? How much were you paying?

    It was in Earlsfield (zone 3) and ten years ago I was paying £875 per month for a 1 bed flat. Looks like you only get house shares for that budget these days.

    My current basic mortgage rate (I overpay a lot) is under £800 per month, for a 2 bed house in zone 4.
    They are an EYESORES!!!!
  • rae123
    rae123 Posts: 55 Forumite
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    When I was looking to buy recently my mortgage was calculated as £150 less pcm than my current rent.

    I feel sorry for OP, they just wanted some reassurance about their first house purchase and people are slating the thought of even purchasing a home.
  • hazyjo
    hazyjo Posts: 15,470 Forumite
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    rae123 wrote: »
    I feel sorry for OP, they just wanted some reassurance about their first house purchase and people are slating the thought of even purchasing a home.
    Generally just the one person...
    2023 wins: *must start comping again!*
  • 02346631
    02346631 Posts: 61 Forumite
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    purpleparrotuk wrote: »
    Why do you keep posting links on here? This thread started off on one topic any you keep posting random links nothing to do with it.

    It's really quite sad isn't it. Surely you must have better things to do with your time Crashy?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    purpleparrotuk wrote: »
    Why do you keep posting links on here? This thread started off on one topic any you keep posting random links nothing to do with it.


    The article is full of "Buyers Remorse" from start to finish.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    ReadingTim wrote: »
    You can be as handwringingly despondent as you like, it won't do you any good. The "debt based money system" AKA western capitalism doesn't seem to have toppled yet, whilst its rivals, save for Cuba and North Korea, have come and gone.

    My own view is that the property market is the next "big banks", will be similarly deemed 'too big to fail' and accordingly, will be bailed out at all costs.


    How will they do it?
  • jimbog
    jimbog Posts: 2,113 Forumite
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    n1guy wrote: »
    After some advice here guys, recently been told we have to move out as the landlord is selling, been to 3 open views and been unsuccessful in them all.

    To be honest, this is all new to us, we've been renting nearly 20 years, our longest tenancy was 10 years, back then there was no competition, you phoned up the estate agent, went to view the house and you got it, things have changed big time.

    Our last viewing, for example, was at 5pm, we turned up at 4.50 thinking we'd be early, there was already 6 other couples waiting to view, god knows hows many turned up in that hour, speaking to the estate agent at a previous viewing he said he had 25 couples down to visit.

    There is also hardly anything to rent, you get roughly 1 property added per week within a 20 mile radius that makes it practical for work and schools, so you've less properties and more people wanting to rent them. How the hell do we win at this? We're looking long term rentals, have glowing references due to never being as much as late on a months rent, in fact we always pay a day or 2 early to keep the landlords sweet, any tips much appreciated.

    and this is why, like OutVileJelly, I'm happy not renting
    Gather ye rosebuds while ye may
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