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Comments

  • homeless9
    homeless9 Posts: 375 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    I wish house prices were this cheap down south where I live.
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    The OP moves on from one owned house to the the next one while Crashy sits in a rented bedsit pondering for over 25 years the imminent crash they have been waiting for.

    2 different realities.

    Pick one.
  • markin
    markin Posts: 3,860 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Well im guessing you did save 21K VS renting.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    markin wrote: »
    Well im guessing you did save 21K VS renting.

    Don`t recall any mention of renting, just that the agreed sale price was 28k below the EA`s suggestion?
  • lisyloo
    lisyloo Posts: 30,094 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Crashy_Time wrote: »
    Don`t recall any mention of renting, just that the agreed sale price was 28k below the EA`s suggestion?

    You might not have explicitly mentioned it, but people need somewhere to live, shelter is a basic human need so often it’s the only alternative to buying.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    lisyloo wrote: »
    You might not have explicitly mentioned it, but people need somewhere to live, shelter is a basic human need so often it’s the only alternative to buying.

    Yes, but it is not a given that that shelter will cost more or even the same as buying or taking on mortgage debt, some people may decide to stay with parents for example. On the other hand dropping the price to sell is a black or white choice, the seller does not have any other options, and the thread was about dropping the price to sell, not renting.
  • productof80s
    productof80s Posts: 62 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    Very true. :)

    It sold in the end for a fair price and I think I timed the reductions to enable me to achieve that.

    Regards, BW
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Crashy_Time wrote: »
    Yes, but it is not a given that that shelter will cost more or even the same as buying or taking on mortgage debt, some people may decide to stay with parents for example. On the other hand dropping the price to sell is a black or white choice, the seller does not have any other options, and the thread was about dropping the price to sell, not renting.

    For those that have the choice of bunking in with others or need the ability to stay flexible and mobile then not buying can be the sensible choice.

    Once you are reasonably stable and can afford to buy, renting is in most cases the dum a** choose.

    Even with a difficult sale the OP is making the right choice to buy again.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    getmore4less wrote: »
    For those that have the choice of bunking in with others or need the ability to stay flexible and mobile then not buying can be the sensible choice.

    Once you are reasonably stable and can afford to buy, renting is in most cases the dum a** choose.

    Even with a difficult sale the OP is making the right choice to buy again.

    Maybe so, that is your opinion, but the thread was about being a dum a** and hanging on for an unachievable price V being a smart a** and dropping the price by enough at the right time. Luckily in this case the smart answer won the day.
  • productof80s
    productof80s Posts: 62 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    Absolutely!

    The thread seems to have got into the realms of buying/renting advantages.... sometimes renting is necessary, but agree if things are stable enough, then it’s better to rent.

    Back to the specifics. A sale at 87.5 K and a PCM estimate from the valuation of £475-£500.

    Regards


    BW
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