Will there really be a crash?

triathlon

HPC_Ghuol_Hunter wrote: »

Does the OP want to pay off their own mortgage or a landlords? You have found your dream forever home, so just knuckle down and crack on with your life.

There are the Triathlons(I do them for real by the way)HPC !!!!!s and Chucknorris of this world who clunk glasses with the elite and hold our heads up high, and then you get the bitter and twisted who blame the world. Ask yourself and be honest, who do you want to be like, them or us?

It really is a no brainer

Crashy_Time

triathlon wrote: »

The jealousy from some of the posters just leaps out at you, and you are not close to the worst. Everything is always someone else's fault, your job losses and failed marriages etc, all someone else's fault. All these millions of people now being conned by Corbyn who think they will all have cushy easy lives where they can weigh in at 20 stone, smoke fags and blame the elite like us for their laziness and we will just hand it over.

Best bit I can give nearly 99% of those wishing a property crash and want a certain answer to their problem, look for the nearest mirror, look in it, there is your problem. My kids will never sleep in a hostel or go without the essentials, they will never see their Dad crying and weeping how unfair the world is, they will always see a winner and become one themselves. This country has never been better than now for aspiration and actually getting on in life, look at the history books if you want to see real struggling.

Anyway diner tonight with even more winners, roughly £12 million in property between them, they will be winners today and winners when you lot are still waiting for Corbyn to sort your lives out, wake you people, it has never been easier.

You sell mortgages for a living don`t you? :rotfl:

lookstraightahead

HPC_Ghuol_Hunter wrote: »

Does the OP want to pay off their own mortgage or a landlords? You have found your dream forever home, so just knuckle down and crack on with your life.

Whereas I agree that financially long term owning is a better investment, I don't think people really realise that a house doesn't belong to you until it's paid off. It's just lining the banks pockets instead of the landlord.

ukcarper

lookstraightahead wrote: »

Whereas I agree that financially long term owning is a better investment, I don't think people really realise that a house doesn't belong to you until it's paid off. It's just lining the banks pockets instead of the landlord.

Technically you own the house your name will be on deeds but bank has a charge on it.

HPC_Ghuol_Hunter

lookstraightahead wrote: »

Whereas I agree that financially long term owning is a better investment, I don't think people really realise that a house doesn't belong to you until it's paid off. It's just lining the banks pockets instead of the landlord.

The purchase of a forever home is long-term so it makes sense to buy sooner rather than later.

PokerPlayer111

lookstraightahead wrote: »

Whereas I agree that financially long term owning is a better investment, I don't think people really realise that a house doesn't belong to you until it's paid off. It's just lining the banks pockets instead of the landlord.

Its about control:



- Renting you control very little in terms of the place you live at but can leave anytime easier.

- With a mortgage you control much more vs renting.

- With no mortgage and house paid off you have maximum possible control.

thickasabrick

Not necessarily.
Fascinating bit from this article is that the example renter and home owner overall net result was the same over a 10 year period.
"Renting is Throwing Money Away … Right?"
https://affordanything.com/is-renting-better-than-buying-should-i-rent-or-buy/

Even more opinionated article by James Altucher which suggests that the average house owner owns their house for 4.5 years.
https://jamesaltucher.com/2015/10/its-financial-suicide-to-own-a-house/

According to this article in the Telegraph the average costs of selling your current home, buying a new one and moving in 2018 are £9,810
https://www.telegraph.co.uk/financial-services/money-comparison/mortgages/moving-house-costs/

So remember to run the figures for your own circumstances, especially if you think you may be moving in a couple of years.

bertiewhite wrote: »

Or look at it this way - the renter will still be renting into retirement and although they will have the free time to do stuff, they'll have less money.

The homeowner (eg. me) is more likely to have paid off the mortgage by the time they've retired and have more money AND time to do something with their lives.

scd3scd4

lookstraightahead wrote: »

Whereas I agree that financially long term owning is a better investment, I don't think people really realise that a house doesn't belong to you until it's paid off. It's just lining the banks pockets instead of the landlord.

That's because people have a long time goal. When I retire I will take my nice three bed in London. Sell it and get a nice place elsewhere. Simple really.

We will hopefully leave my children something as will my mum me.

scd3scd4

triathlon wrote: »

Exactly

Mock me as much as you want people, but just do not give this young lady advice that is going to ruin her life just because so many of you failed in life.

Define failed or we will just amuse you are another drama queen.

scd3scd4

No crash but yes possible drop............and then they will rise again.