Getting some Perspective

borntobefree

Canx thread - Don't want to be part of DDs silly games. Go and do some work DD before you get the sack. That's if you have a job since you have been on here solidly since Sunday and have the time to trawl through my old threads. Now I truly do have better things to do than play silly games with you.

dannyboycey

borntobefree wrote: »

I am 45. I bought my first flat in 1887

Doctor Who?

borntobefree wrote: »

Hi

My house would have to fall a long long way before I would have been better off renting...:D:cool:

I don't really understand the point you are trying to make. Nobody mentioned renting for 21 years would be financially wise v's buying as far as I'm aware. Renting V's buying depends on many factors, both financial and personal. For some it makes sense, for others it doesn't

neas

1887 thats an expensive house, a mansion perhaps? :P

RHemmings

I don't see your point. Could you please be more clear?

neas

When did you buy the house 1987? 1997?

BiggaThanBen

dannyboycey wrote: »

Doctor Who?

Duncan MacLeod ?

mlz1413

you were 45 in 1887 that means you were 165 years old last year - wow! Bu$$er the £650k you can sell your 'how to live a long life' secret for sqillions.

Turnbull2000

That's a great perspective... 20 years ago.

So move along, nothing to see here.

Conrad

I think no one would argue owning has been better over the long run, the point at hand is we have declining prices and big discounts available where a forced sale presents itsself.

Buying smart is the issue rather than floating along like a jellyfish reading OK magazine.

dannyboycey

borntobefree wrote: »

Who buys a property with such a short stay in mind?

Me for one. Life's too short, and the world is too big a place to stay in one place for too long. That's just me though.

Turnbull2000

borntobefree wrote: »

ooops sorry that should read 1987:D....My point being.... there seems to be an over-reaction to a down turn on this board. Prices would have to fall a long way before anyone had made a bad financial decision buying a house and would have been better of renting. I sold my first flat for £500 less than I bought it, but in the long run we all make money because as a previous poster said nobody is suggesting that houses are not a good investment. Even if you bought a house now....so what if it is worth less 6 months from now or even 2 years from now? Who buys a property with such a short stay in mind?

Erm, no "we" don't. Any above inflation gains are paid for by those below you in a chain. So many lose out. If prices match inflation, then everybody wins. Well, other than investors. Are you an investor?

Anyone else noticed that we've gone from "buy now, or you'll lose" to "buy now, because it doesn't matter if you lose, it's a long term thing innit."