House Price Crash forum: Answer To 'should I Buy Now Or Rent' Questions - House Price Crash forum

Jump to content

powered by
  • (88 Pages) +
  • « First
  • 62
  • 63
  • 64
  • 65
  • 66
  • Last »
  • You cannot start a new topic
  • You cannot reply to this topic

Answer To 'should I Buy Now Or Rent' Questions -- ALL NEW THREADS WILL BE MERGED INTO THIS ONE Rate Topic: ***** 2 Votes

#946 User is offline   cardiffone 

  • HPC Poster
  • PipPip
  • Group: New Members
  • Posts: 246
  • Joined: 13-September 10

Posted 18 November 2010 - 11:12 AM

View PostBruce Banner, on 18 November 2010 - 11:10 AM, said:

I pay less that 933 a month rent, 350K house, south east, top area :D.


which is more than the mortgage on my 350K house.... and of course the capital is being paid off out of that....

#947 User is offline   Dr Renter 

  • HPC Regular
  • PipPipPip
  • Group: New Members
  • Posts: 478
  • Joined: 18-November 08

Posted 18 November 2010 - 11:12 AM

View PostBruce Banner, on 18 November 2010 - 11:08 AM, said:

Where did the 800pcm come from?


Ask Redhat Sly, but I suppose sums aren't his strength either.

#948 User is offline   bb7t6 

  • HPC Poster
  • PipPip
  • Group: Members
  • Posts: 260
  • Joined: 01-August 08

Posted 18 November 2010 - 11:15 AM

View Postcakehead, on 18 November 2010 - 11:11 AM, said:

Agreed.


...but hey this is the Internet, where we can make all sorts of unsubstantiated claims of 'fact' to underpin our argument that can never be disproved.

I have a huge ***** by the way. Fact.

#949 User is offline   Dr Renter 

  • HPC Regular
  • PipPipPip
  • Group: New Members
  • Posts: 478
  • Joined: 18-November 08

Posted 18 November 2010 - 11:16 AM

View Postbb7t6, on 18 November 2010 - 11:06 AM, said:

Wouldn't mind finding a 350k house that I could get for 933 a month, I'd sell up and rent! Unfortunately most houses worth 350k tend to rent out at 1300-1500 a month.



Spot on. Bruce obviously lives in that fabled place "round my way" where things are all rosy and the poster is significantly better off financially than would be expected if he lived anywhere else in the country.

#950 User is offline   Bruce Banner 

  • Targ
  • PipPipPipPipPipPipPip
  • Group: Members
  • Posts: 12,663
  • Joined: 15-December 07

Posted 18 November 2010 - 11:21 AM

Hmmm, there seem to be a few worried estate agent types posting on this thread :lol:.

They try to pick holes in my figures and when they fail they suggest I'm lying :rolleyes:.
.



----------------------------------------------------------------------------------------------------------
Lest there be any doubt.

View Postsatch, on 11 November 2013 - 10:25 PM, said:

No I believe prices will fall and am astounded that a so called Conservative led government could act in such a stupid way. As you can see from today, there are 2,000 HtB applicants and it has been on MSM none stop all day and they make up about 3.5% of a typical months mortgages.

BTL is a good potential way to bankruptcy and yes sometimes I make points to hopefully make people think.

#951 User is offline   bb7t6 

  • HPC Poster
  • PipPip
  • Group: Members
  • Posts: 260
  • Joined: 01-August 08

Posted 18 November 2010 - 11:27 AM

If renting is so great, why spend your life on an Internet forum that dedicated and obsessed about the price of property?

#952 User is offline   winkie 

  • I live on HPC!
  • PipPipPipPipPipPipPip
  • Group: Members
  • Posts: 25,409
  • Joined: 08-October 04

Posted 18 November 2010 - 11:32 AM

Picked a postcode...and I don't know the area. NR6.

Rent 750 pm

http://www.rightmove...l?showcase=true

Buy 299k (think of costs to be added, mortgage fees, stamp duty, solicitors etc)

300k @ 4% IO = 1000 per month.

http://www.rightmove...y-16245888.html
What you don't owe won't worry you.

Less can be more.

#953 User is offline   cardiffone 

  • HPC Poster
  • PipPip
  • Group: New Members
  • Posts: 246
  • Joined: 13-September 10

Posted 18 November 2010 - 11:43 AM

View Postwinkie, on 18 November 2010 - 11:32 AM, said:

Picked a postcode...and I don't know the area. NR6.

Rent 750 pm

http://www.rightmove...l?showcase=true

Buy 299k (think of costs to be added, mortgage fees, stamp duty, solicitors etc)

300k @ 4% IO = 1000 per month.

http://www.rightmove...y-16245888.html


eh totally different houses....

#954 User is offline   Bruce Banner 

  • Targ
  • PipPipPipPipPipPipPip
  • Group: Members
  • Posts: 12,663
  • Joined: 15-December 07

Posted 18 November 2010 - 11:45 AM

View Postcardiffone, on 18 November 2010 - 11:05 AM, said:

he can afford 22,000K ( after tax and NI ) a year in rent and savings and is only paying 20% tax?


What on earth are you on about :blink:.
.



----------------------------------------------------------------------------------------------------------
Lest there be any doubt.

View Postsatch, on 11 November 2013 - 10:25 PM, said:

No I believe prices will fall and am astounded that a so called Conservative led government could act in such a stupid way. As you can see from today, there are 2,000 HtB applicants and it has been on MSM none stop all day and they make up about 3.5% of a typical months mortgages.

BTL is a good potential way to bankruptcy and yes sometimes I make points to hopefully make people think.

#955 User is offline   winkie 

  • I live on HPC!
  • PipPipPipPipPipPipPip
  • Group: Members
  • Posts: 25,409
  • Joined: 08-October 04

Posted 18 November 2010 - 11:47 AM

View Postcardiffone, on 18 November 2010 - 11:43 AM, said:

eh totally different houses....



One has a garden the other is a strip of grass that goes around it....no house is exactly alike...ok one is a bungalow and the other is a semi, but if I could be bothered to look I could find lots of examples where renting is cheaper than buying...all things being equal. ;)
What you don't owe won't worry you.

Less can be more.

#956 User is offline   Dr Renter 

  • HPC Regular
  • PipPipPip
  • Group: New Members
  • Posts: 478
  • Joined: 18-November 08

Posted 18 November 2010 - 11:53 AM

View PostBruce Banner, on 18 November 2010 - 11:45 AM, said:

What on earth are you on about :blink:.



OMG I've just seen your signature :lol: :lol: :lol: :lol:

I feel honoured that I've made your signature despite having made about 6 posts in the last 6 months. You are seriously paranoid. I'm hardly a VI, I own my home with a good amount of equity and will be moving up the ladder a few times in the next decade. I do not want prices to rise. However, you are clearly of the opinion that you are right and anyone who disagrees has an ulterior motive. As I've said before, its people like you who've made this forum almost unbearable.

#957 User is offline   Dr Renter 

  • HPC Regular
  • PipPipPip
  • Group: New Members
  • Posts: 478
  • Joined: 18-November 08

Posted 18 November 2010 - 11:55 AM

View Postdoccyboy, on 18 November 2010 - 11:27 AM, said:

He doesn't seem to want to answer my post either. Maybe facts disturb him or perhaps that you don't live in the only place in the country where it makes sense to rent



What, you mean your post where you're trying to say that renting an orange is cheaper than buying an apple? It didn't warrant a response.

#958 User is offline   Bruce Banner 

  • Targ
  • PipPipPipPipPipPipPip
  • Group: Members
  • Posts: 12,663
  • Joined: 15-December 07

Posted 18 November 2010 - 12:00 PM

View PostDr Renter, on 18 November 2010 - 11:53 AM, said:

OMG I've just seen your signature :lol: :lol: :lol: :lol:

I feel honoured that I've made your signature despite having made about 6 posts in the last 6 months. You are seriously paranoid. I'm hardly a VI, I own my home with a good amount of equity and will be moving up the ladder a few times in the next decade. I do not want prices to rise. However, you are clearly of the opinion that you are right and anyone who disagrees has an ulterior motive. As I've said before, its people like you who've made this forum almost unbearable.


It's not a case of right or wrong, I am merely posting my own situation.

I rent a 350K house for less than 933 a month. If I were to draw 350K out of the bank and buy it, I'd lose more in bank interest (after tax) than I pay in rent. Fact, not opinion.
.



----------------------------------------------------------------------------------------------------------
Lest there be any doubt.

View Postsatch, on 11 November 2013 - 10:25 PM, said:

No I believe prices will fall and am astounded that a so called Conservative led government could act in such a stupid way. As you can see from today, there are 2,000 HtB applicants and it has been on MSM none stop all day and they make up about 3.5% of a typical months mortgages.

BTL is a good potential way to bankruptcy and yes sometimes I make points to hopefully make people think.

#959 User is offline   cardiffone 

  • HPC Poster
  • PipPip
  • Group: New Members
  • Posts: 246
  • Joined: 13-September 10

Posted 18 November 2010 - 12:11 PM

View PostBruce Banner, on 18 November 2010 - 11:45 AM, said:

What on earth are you on about :blink:.


er

If he earned 44K , after tax he would have 32K left minus 22K in rent and saving leaves only 10K a year for everything else.
Maybe fine for a single person, but not a familly..

Earning less he would have almost nothing left. Earning more and well into 40% tax on his savings...

#960 User is offline   Dr Renter 

  • HPC Regular
  • PipPipPip
  • Group: New Members
  • Posts: 478
  • Joined: 18-November 08

Posted 18 November 2010 - 12:17 PM

View Postdoccyboy, on 18 November 2010 - 12:03 PM, said:

No I picked 2 houses near each other with similar internal layout. You just don't want to listen to anyone who doesn't agree with you. I know for me that renting at present is better and cheaper than buying and I see the evidence of it round me every day.


But it's pointless. Anyone can pick two houses in their area to prove a point. Plus it's Northern Ireland and TBH I couldn't give a sh1t.

  • (88 Pages) +
  • « First
  • 62
  • 63
  • 64
  • 65
  • 66
  • Last »
  • You cannot start a new topic
  • You cannot reply to this topic

1 User(s) are reading this topic
0 members, 1 guests, 0 anonymous users