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Overpaid for house...
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qwert_yuiop wrote: »Well of course it wouldn’t. You’d still be paying the same mortgage. The difference is you’d be paying a lot more than you would have been if you’d delayed your buy a while
Reminds me of the time that I told a colleague that I was saving £5 a day by walking to work rather than taking the bus. He said that if I had been taking a taxi I would have saved even moreGather ye rosebuds while ye may0 -
Crashy_Time wrote: »just settle in and enjoy your home is the best advice.
this ^^^^^Gather ye rosebuds while ye may0 -
We bought our last house from the landlady having rented it for 1 yearshortcrust wrote: »It is funny how many people think they’ve overpaid for their home because an almost identical* property nearby has sold for less.
* “Oh, but of course ours has an extra room, is more attractive, better end of the road, private garden, better condition, etc etc. We probably wouldn’t have touched the cheaper one with a barge pole but in most ways it’s exactly the same...”
It went for 20K below market value but she wanted a quick divorce sale
No one else had the chance to buy at that price or to make increased offers
Consider Ebay
a widget goes for £100 to a different buyer
If you had bid £101 would you have been definitely able to buy it at £101 ?0 -
A man I know here is right at the top of his game professionally, works really hard, makes a lot of money. He paid. 2 million for a wildly extravagant house back in 2006. Even on his income, it looked like a serious stretch. Within a year , the market had crashed and the house was as worth under a million. It might be worth a million now, maybe one and a quarter. He’s thirteen years into his mortgage, he’s in his mid fifties, he’s still paying a huge mortgage.
Would his life be easier if he’d waited two years? Of course - he’s paying a mortgage of about a million which he wouldn’t need to if he’d waited.“What means that trump?” Timon of Athens by William Shakespeare0 -
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