Has anyone considered moving in this crisis?

jj_43

why not stay where you are, save the stamp duty and moving expenses and retrofit your home to a passive house standard. 

xzibit

Do they have houses up north? I’ve never been brave enough to venture past London. Can’t understand the accents. 

Max68

jj_43 said:

why not stay where you are, save the stamp duty and moving expenses and retrofit your home to a passive house standard. 

Haven't got the money for bills let alone a refit!

savers_united

I think selling up can be looked at as extreme but also a very clever move. 

In my view it's highly likely that house prices are going to fall back, I would certainly not rule out a full crash, but don't think that is something that is going to happen overnight. 

However if you sell now then your going to get a price that is almost peak market price, if you downsize / move area and you can bag a nice sum of cash after your fees and move somewhere that is more efficient then its a bonus.

If prices do start to slide as IR rise and lending tightens due to cost of living risk on mortgage repayments then you may get caught unable to sell, and we may see smaller / newer more efficient homes hold their value as retrofitting is getting more and more expensive with material costs.

I do expect to see alot of bigger / older properties being marketed next year as the impact of energy bills is realised, its been mentioned this could go on for a number of years as well as a recession so people are going to be looking to free up cash, reduce debt and reduce their bills where possible. There are certainly alot of people living in properties that are too big for them, you can see that on this forum when people ask about closing off rooms and not heating certain parts.

Being asset rich and cash poor is not a good place to be at the minute. 

markin

Better idea, Spend 35K on a patch of land and 40k on a nice camper van.

GaleSF63

Alnat1 said:

Ooops yep forgot.

It's grim up north, don't move here. We don't have electricity or gas, we have to dig our own coal and cook on open fires. We sleep in our pit boots so the rats, which are bigger than cats, don't steal them.

Well that's a very good reason for moving away from the ever-increasing electricity and gas prices!

GaleSF63

Rationing energy is nothing new for off-grid community - BBC News

SensibleSarah

I already live in a cheap house in the cheap north, so apart from the full-time van life option (not ideal practically with 2 big dogs and 3 cats) then there's not a lot of scope for improvment on cost of living that a different house would offer! And the pets are a non-negotiable. 
Thankfully, being a terraced house with thin walls might be a blessing in disguise as I tend not to need heating that often thanks to my neighbours kindly heating their homes during colder months. Yes, I might also be able to hear them having 'fun times' during the night occasionally  but I'll take that in return for lower bills! 

brewerdave

Don't forget that if you move N of Watford, you need a passport and have to learn a new language - and - it's like the old Eagles song - Hotel California anybody ??

Sea_Shell

I think quite a few people will be regretting the decision to extend their house with a huge open plan kitchen/diner/family room across the whole rear of the house, with a wall of bifold glass and roof-lights.

Especially if it's North facing. 

Small cosy rooms are going to be at a premium.