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We really can't afford the house we want/need will things get better for us or just forget it?
Comments
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Yes, that's rightScotbot said:
Is that the 350k semi?mrsmortgage said:The one I viewed yesterday is going for sealed offers, I think that ship has sailed...0 -
The BBC ran the story not me, a LOT of people want it to crash, not just me.GeordieGeorge said:
How many years is it now since you started renting and waiting for the crash, and how much would your house now be worth if you’d bought back then?Crashy_Time said:https://www.bbc.co.uk/bbcthree/article/dd1d3768-0450-4b07-99e4-fee8e9fd9895
A LOT of people will celebrate if it crashes, they want things to get better.
Are you ever going to accept how wrong you’ve been and buy, or have you given up now and accept you’ll rent forever?0 -
Is there a link?mrsmortgage said:
Yes, that's rightScotbot said:
Is that the 350k semi?mrsmortgage said:The one I viewed yesterday is going for sealed offers, I think that ship has sailed...0 -
Keep up it's already in the thread.Crashy_Time said:
Is there a link?mrsmortgage said:
Yes, that's rightScotbot said:
Is that the 350k semi?mrsmortgage said:The one I viewed yesterday is going for sealed offers, I think that ship has sailed...0 -
I see you get quite abit of stick on ere, I'm intrigued...are you a "mortgages are for mugs" kinda person? Or are you wanting to buy a house for 50p and a bag of quavers?Crashy_Time said:
The BBC ran the story not me, a LOT of people want it to crash, not just me.GeordieGeorge said:
How many years is it now since you started renting and waiting for the crash, and how much would your house now be worth if you’d bought back then?Crashy_Time said:https://www.bbc.co.uk/bbcthree/article/dd1d3768-0450-4b07-99e4-fee8e9fd9895
A LOT of people will celebrate if it crashes, they want things to get better.
Are you ever going to accept how wrong you’ve been and buy, or have you given up now and accept you’ll rent forever?0 -
I found this property on the Rightmove Android app and wanted you to see it: https://www.rightmove.co.uk/property/109415729
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We drove to that house yesterday. It looks ret nice from the outside and the estate is ok too. The very big cons are:
that I would have any of the services I'm used to within walking distance.
We'd need to get a second car (I'm quite happy with just one).
Apparently the other set of parents might have an issue with the 2mi walk back from the train station.
Living centrally has given me some sort of "community feeling" which we would lose. Given how much I've struggled with my MH because of feeling isolated I'm not sure it would be a wise move.
There's no space for a desk and I work FT from home with three screens, and I'm on calls at least half the time, so working from the kitchen is a no-no .
We're still going to view it and maybe the pros will outnumber the cons but it's very hard to stay positive.0 -
Crashy is a “50% off by Christmas” type, but he’s been waiting a couple of decades.jazzyja said:
I see you get quite abit of stick on ere, I'm intrigued...are you a "mortgages are for mugs" kinda person? Or are you wanting to buy a house for 50p and a bag of quavers?Crashy_Time said:
The BBC ran the story not me, a LOT of people want it to crash, not just me.GeordieGeorge said:
How many years is it now since you started renting and waiting for the crash, and how much would your house now be worth if you’d bought back then?Crashy_Time said:https://www.bbc.co.uk/bbcthree/article/dd1d3768-0450-4b07-99e4-fee8e9fd9895
A LOT of people will celebrate if it crashes, they want things to get better.
Are you ever going to accept how wrong you’ve been and buy, or have you given up now and accept you’ll rent forever?
I (and others of my type) don’t deny there will be fall at some point - in fact like most people my investments dropped a lot during the pandemic (only to recover). but a lot of us dispute the ability of the ordinary person to time an capitalise on a housing Crash given that it would inevitably be accompanied by mass job losses. The timing is called “trying to catch a falling knife” which refers to the question of how do you know where the bottom is? We recognise that as virtually impossible. If anyone here has that ability they would already be a stock market millionaire and wouldn't be reading.
in the time he’s been saying that I’ve got on with it and bought a lovely home and don’t have to pay any mortgage or rent for the next 40 years. And yes for me prices did go down and at one point to negative equity - but big deal, I carried on working and carried on paying like most people would.
he takes everything I say out of context, but has never given an answer as to why 25 years mortgage vs 70 years rent isn’t a no brainier for most people who can afford it. And yes of course there are issues with properties, crashes and transactional costs. Those of us who think a mortgage is better than renting most of the time are realistic about the risks and issues of property ownership but it’s still a no brainier for most people.
I did rent myself recently but that was for an economically mobile situation and not for a home so I am aware there are exceptions.
Of course the pandemic has changed things and some people don’t have secure employment, but for those that do (police, healthcare, civil servants) then buying remains a no brainier for reason of taxation, gearing but mainly being able to live in your own asset.
i would welcome things being more equal in our society but hoping for a crash is wishing misery on millions of people who would lose their jobs.
regarding the pandemic, I told crashy a long time ago the government would support our economy which is exactly what they have done. He rubbished what I said at the time. He consistently underestimates the power of the government to prop up the economy in general and the housing market in particular. We faced a unprecedented problem with the pandemic but house prices and the stock market are still doing fine because they’ve had support and Yes Of course it all needs to be paid back, but we’ve done it before for slavery reparations and for 2 world wars.10 -
Can the buyer's solicitor really ask why I'm selling my house? Isn't that a VERY personal question?0
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That isn`t a very polite answer to a polite question.getmore4less said:
Keep up it's already in the thread.Crashy_Time said:
Is there a link?mrsmortgage said:
Yes, that's rightScotbot said:
Is that the 350k semi?mrsmortgage said:The one I viewed yesterday is going for sealed offers, I think that ship has sailed...0
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