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Eglintine McShoogle

Just Bought

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We've just bought in the Borders. It wasn't what we planned when we put our last house up for sale in July 2008 (sold in Jan 2009 at -10% off 2007 price) then we thought we'd rent for a few years and wait for the inevitable house price readjustment. Everything I read (and am still reading) made me think this was the only sane way forward.

So, why have we bought? Simple answer is that our current lease is (totally unexpectedly) not going to be renewed at the beginning of January, and there is simply nothing available for rent that we would want/would suit the family. There appears to be a real dearth of decent rental properties in the Borders at the moment. Our kids have been shifted about in the last few years & we're not going to screw with the fact that they're well happy in their current school.

We think we've done as well as we could with the purchase of the new house. It's probably down 12-15% from what it would have been in summer 2007. It's got enough rooms + a spare, and a massive garden. Plenty of scope for further expansion.

But, most of all we've got a home. Not an investment. Not a speculation. A home. I intend to be carried out of it in a box :).

Slainte to all at HPC.

Eggy

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