i've found my way here to this prime evolutionary niche via a fruitless and frustrating search for something larger than a shed, at a cost of less than a small island. no intention of speculating / investing... i just want somewhere to live, with a garden i can sit in, and slurp beer away from the CCTVs, traffic, CHAVs, the ex...
i've come to the conclusion too that buying now is madness. basically it's the first time i've ever been in a position close to buying, financially or emotionally. never seen the point... lately i do. but jesus, what a mess. if you think the price earnings graphs are steep, you should see my learning curve
not yet an amateur economist, but also unlikely to buy a pile of cracks surrounded by bricks, surrounded by crazies, from the first shark i encounter either.
over the last 9 months or so i have been to see something like 40 houses (blind optimism becomes market research). not one would i have considered putting an offer in, to within 80% of the asking price. what a p*sstake.
i feel disposessed. did the Normans write the deeds down on bog roll in felt tip quill, then flush them down the loo? weird that it's taken me to the age of XXX to get this angry. some things should be a basic right imho...
...so i'm saving. i want such a deposit that it makes my mortgage of the 'toytown' kind, rather than 'monopoly' money. my work situation is currently healthy, but will not always be - so i'm basing my plans on the likely scenario, rather than best case method that seems fashionable in the dinner party classes.
punditry amongst the VIs is rife and cynical... i'm so confused. less confused though thanks to the first class research on this site... thank you all!
however i think i'd have to base my 'prediction' (for what it's worth) on just 2 pieces of data -
1) an excellent thread on here mentions this place
- i know it covers the north west only, but that's quite a spread (north staffs, cheshire, manchester..., and probably represents a good sample of rural and urban + suburban england outside the Metropolis. unbelievable results...
2) have uploaded a graph, hopefully it displays. in the history of graphs, have you ever seen one like that before?
in the process of my house stalking i have actually seen a number of houses go down in increments on WrongMove, in my neighbourhood (mid staffs). an example is one that started at 120k
, then down to 115, then 110, then 105.
an offer has been made (which presumably was lower than that...) so something like a 15% reduction. still too expensive, but well on the way!
so i've called off the search for now. more FTBs should do that i reckon... maybe if we could start a FTB rental house share, price the BTLs out, then not buy a thing for 6 months...
i do go on... erm sorry