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New Build - Paid SUBSTANTIALLY more than neighbour

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  • conavar1903
    conavar1903 Posts: 13 Forumite
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    Crashy_Time wrote: »
    No it isn`t, it is 30k, and as rates rise he is paying interest on it, the sooner debt is priced at sensible rates again the sooner people will stop thinking that getting into a few 100k debt is like buying a fish supper up the road, and hopefully more over-charging developers will start going bust :)

    Wanting 'sensible' rates I assume means you want them to go up?
    What a strange and bitter thing to say? Take it you have had a high fixed rate in the past?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    conavar1903 wrote: »
    Wanting 'sensible' rates I assume means you want them to go up?
    What a strange and bitter thing to say? Take it you have had a high fixed rate in the past?


    I suppose you want them to stay where they are, and the debt bubble to continue forever :)
  • Ozzuk
    Ozzuk Posts: 1,884 Forumite
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    Crashy_Time wrote: »
    Problem with your theory is that most 30 year olds can`t afford to buy. The market is broken, borrowing money to buy into an obvious bubble with interest rates only set to go up is a massive risk IMO.

    You are wrong, but feel free to change 30 for 40, the maths is still the same.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    Ozzuk wrote: »
    You are wrong, but feel free to change 30 for 40, the maths is still the same.


    Without including how many houses actually sell now compared to the past means stats on age based on a smaller pool of sales are meaningless IMO
  • AdrianC
    AdrianC Posts: 42,189 Forumite
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    Crashy_Time wrote: »
    Without including how many houses actually sell now compared to the past means stats on age based on a smaller pool of sales are meaningless IMO
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  • tho_2
    tho_2 Posts: 326 Forumite
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    Fwiw, it doesn't always work the last houses are the "runt" and cheapest. We bought ours first of the estate (about 30 houses). The next block had gone up about £10k. By the time the last of the lot were listed the price for the same design house but no garage, it was £15k more.
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