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They 'just Wanted A Home' - £1M House - Upset Money Is Tight

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How can we find new ways to help the buyers who outbid us? It has been my education that it is my fault - any risk to a homeowners equity or fact them have jumbo mortgages come before my family needs as priced out renters..

They bought in April 2014.

The Wail. Some interesting parts; tighter lending now since they paid what it was worth, complaining about not got much money despite trophy house at huge price, and changing shopping habits with houses being everything. Bifold door job of course.

[..]With the mortgage market tightened up as it is, it would be virtually impossible for our family to move anyway, as we would never get a loan to buy a new house.

[..]For, as I shuffle home, without my latte, I turn the key in the door of a five-bedroom house worth £1 million. To anyone looking on, I am a wealthy woman. But the hole in my bank balance tells another story.

I know I won't get much sympathy, but we didn't buy this house for its status. We simply wanted a home...

[..]For me, Waitrose is strictly for the odd luxury. Our weekly shop is done scouring the shelves of Aldi for bargains. I know my mother never checked the price of a thing during her supermarket outings; I have to stick to a strict budget of £100 for our family of six. While I love my house, I will sometimes lie awake at night worrying whether we will be able to keep up the payments on the mortgage, which is almost half the value of our home. It just doesn't seem fair that hard working people should be condemned to penny-pinching thanks a toxic storm of sky-rocketing house prices, rising living costs and stagnating wages.

[..]But this is the badge of the growing band of property-rich and cash-poor middle-class families who hide their struggles to stay afloat behind the shiny front doors of their beautiful homes.

http://www.dailymail.co.uk/femail/article-2841450/Just-live-1m-house-doesn-t-mean-m-not-breadline-Ursula-knows-ll-little-sympathy-says-trying-match-parents-comfortable-lifestyle-left-penury.html

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Someone in a £100k house pays over 1% of its value in taxes, why shouldnt someone in a £1million house pay 1% as well?

WHy should any of us give up 60-70% of our income just so TPTB can do what the f**k they like ?

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I think her husband should get cheaper house and a better looking bird, that podgy thing doesnt belong in a million pound house.

There's even a name for us: we're the 'dumpies'

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I think her husband should get cheaper house and a better looking bird, that podgy thing doesnt belong in a million pound house.

TBF he's probably punching above his weight already!

Can't stand people with massive unused kitchens :blink:

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Someone please tell me how the house is worth £1m? I was expecting to see something special.... Not sure I'd want to pay any more than £250k for that...

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What a stupid, morally and physically repugnant, person.

What is it about freelance writers and expensive houses?

Edited by Si1

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Someone please tell me how the house is worth £1m? I was expecting to see something special.... Not sure I'd want to pay any more than £250k for that...

They say it's worth a million, because they renovated it

What would it actually sell for?

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Yes, a £500,000 debt is perfectly rational.

I'm guessing that the family savings ploughed into it were mostly inheritances

The children will be delighted!

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They say it's worth a million, because they renovated it

What would it actually sell for?

If it's a non-slum part of London, selling for £1m wouldn't be unusual.

But yes, I have to laugh when people assume if they spend £25k on renovations/tarting up, that adds £25k to the value of the house!

If you bought £100 of go faster stripes, leopard skin seat covers and furry dice and put them on a clapped out 1985 Ford Escort, would you expect to get an extra £100 when you sold it?

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Someone please tell me how the house is worth £1m? I was expecting to see something special.... Not sure I'd want to pay any more than £250k for that...

Er, hello? It's got bi-fold doors. What more do you want?

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She wanted a girl and so they ended up with 4 boys....Uh-oh....

living well beyond their means, too many examples of this nowadays....

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Sub Text:

If we can buy a house of this value with 4 kids in tow, then all you out there know you can too..Its the priorities you got wrong.

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