TheCountOfNowhere Posted August 12, 2015 Share Posted August 12, 2015 Justr wondering when the old/long timers on here l;ast viewed a house ? I think we gave up about 2 years or more ago now, It's so long i've forgotten. Prices were silly then and no one wanted to accept reality ( then came FLS/HTB, reality postponed ). Link to comment Share on other sites More sharing options...
Timak Posted August 12, 2015 Share Posted August 12, 2015 About 4 years ago, I still check Rightmove very regularly and am on the look out for a building plot. However I honestly can't see us moving without a substantial HPC. I'm not prepared to take on a huge mortgage (if any mortgage). Link to comment Share on other sites More sharing options...
canbuywontbuy Posted August 12, 2015 Share Posted August 12, 2015 Gave up 2 years ago too. HTB came along and it confirmed it for me. I've got a cheap property in Thailand (typing this from there) - honestly feel like retiring right now.....fed up with it all - though I'm just on holiday and due to return to the UK in a few weeks.....drat. Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 12, 2015 Author Share Posted August 12, 2015 About 4 years ago, I still check Rightmove very regularly and am on the look out for a building plot. However I honestly can't see us moving without a substantial HPC. I'm not prepared to take on a huge mortgage (if any mortgage). You and me both. It's not a matter of opinion that house prices are unaffordable, it's a fact, and that's with 0.5% IRs and various government props. Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 12, 2015 Author Share Posted August 12, 2015 Gave up 2 years ago too. HTB came along and it confirmed it for me. I've got a cheap property in Thailand (typing this from there) - honestly feel like retiring right now.....fed up with it all - though I'm just on holiday and due to return to the UK in a few weeks.....drat. Are you married to a thai ? If not, how did you managed to get a house ? Link to comment Share on other sites More sharing options...
porca misèria Posted August 12, 2015 Share Posted August 12, 2015 Are you married to a thai ? If not, how did you managed to get a house ? It's the kind of club that won't let you in without a thai. Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 12, 2015 Author Share Posted August 12, 2015 It's the kind of club that won't let you in without a thai. You have to be careful, with some of those ladies you have to go in the back entrance !!! BTW, I love thailand and would happily move there. Link to comment Share on other sites More sharing options...
Exiled Canadian Posted August 12, 2015 Share Posted August 12, 2015 I've got to move for work and so we're house hunting Not getting on very well....everything seems over-priced, or ex BTL and so in need of tons of work (I'll have to work my backside off in new role so don't fancy taking on a doer-upper). Seems to be a number of "revolving" properties that go STC, then on market, then STC. Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 12, 2015 Author Share Posted August 12, 2015 I've got to move for work and so we're house hunting Not getting on very well....everything seems over-priced, or ex BTL and so in need of tons of work (I'll have to work my backside off in new role so don't fancy taking on a doer-upper). Seems to be a number of "revolving" properties that go STC, then on market, then STC. Simply Rent Link to comment Share on other sites More sharing options...
Bruce Banner Posted August 12, 2015 Share Posted August 12, 2015 2007, I have zero interest in viewing houses when the asking price is over double what I consider to be value for money. Link to comment Share on other sites More sharing options...
Exiled Canadian Posted August 12, 2015 Share Posted August 12, 2015 Simply Rent I've given up trying to guess where house prices will go, so we'll buy a house for the same value that our current one is "worth". Last time we rented we got served with a s.21 because the landlord wanted to "let his friend from church" live there - despite being model tenants. I've got a young daughter - I'll risk losing some cash for the security of tenure. Link to comment Share on other sites More sharing options...
This time Posted August 12, 2015 Share Posted August 12, 2015 We'd have started looking last year if it wasn't for the London mega bubble. Might have bought anyway if we didn't have the almost mythical being that is the good landlord that actually lets you live in their flat rather than just occupy it. Link to comment Share on other sites More sharing options...
canbuywontbuy Posted August 12, 2015 Share Posted August 12, 2015 Married to a Thai - but you can own an apartment here as a foreigner outright - no need to marry a Thai. I think it's the rule that no more than 49% of a building (e.g. 100 flats, 49 apartments) can be owned by non-Thais. Same with a single house. Even saying that - it's trivial to rent a place here if you're a foreigner - the costs of buying or renting are very low (outside most popular tourist spots) so it's a bit of a moot point. Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted August 12, 2015 Share Posted August 12, 2015 I have not bothered for many a year. With EA's "buying" instructions, and half wits throwing silly money at vendors, it will need 20%+ corrections to get me looking. Otherwise, it is nice just to have the equity "in case". Link to comment Share on other sites More sharing options...
Fully Detached Posted August 12, 2015 Share Posted August 12, 2015 2013. At that point they went from simply overpriced to la-la land in the space of a few months. Asking prices round here are now 25-30% above 2007, but apparently there's no bubble and the BoE are diligently monitoring in case there were one. It's good to know they've got my back. Link to comment Share on other sites More sharing options...
Timak Posted August 12, 2015 Share Posted August 12, 2015 Married to a Thai - but you can own an apartment here as a foreigner outright - no need to marry a Thai. I think it's the rule that no more than 49% of a building (e.g. 100 flats, 49 apartments) can be owned by non-Thais. Same with a single house. Even saying that - it's trivial to rent a place here if you're a foreigner - the costs of buying or renting are very low (outside most popular tourist spots) so it's a bit of a moot point. Are you allowed to run a business (assuming you aren't married to a Thai national)? Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 12, 2015 Author Share Posted August 12, 2015 2007, I have zero interest in viewing houses when the asking price is over double what I consider to be value for money. It used to be only 30% over, then the tories decided to try and win an election ( or were they trying to loose ) Link to comment Share on other sites More sharing options...
canbuywontbuy Posted August 12, 2015 Share Posted August 12, 2015 Are you allowed to run a business (assuming you aren't married to a Thai national)? With a work permit. Some info here > http://www.boi.go.th/index.php?page=setting_up_a_business Not easy. I don't work here. I have a small business in the UK. I'd retire here if I moved here permanently. Link to comment Share on other sites More sharing options...
Timak Posted August 12, 2015 Share Posted August 12, 2015 With a work permit. Some info here > http://www.boi.go.th/index.php?page=setting_up_a_business Not easy. I don't work here. I have a small business in the UK. I'd retire here if I moved here permanently. Thanks, I long for the days when you can just set up a business, electronic money deducting tax at source and minimal paperwork! I love S.E.Asia and often think it would be a great place to spend a few years in. Link to comment Share on other sites More sharing options...
Sandwiches33 Posted August 12, 2015 Share Posted August 12, 2015 Its at the point now whereby to "buy" the"normal" house I want would pretty much amount to 50 years worth of rent payments. No maintenance and flexibility if something happens. Renting now is a no brainer and I would place a bet on rents going down too as the economy continues its "recovery" Link to comment Share on other sites More sharing options...
LiveinHope Posted August 12, 2015 Share Posted August 12, 2015 1994 - when I nearly bought a repossession, but then I went abroad for work. so, nearly 20 years ago, if you exclude when I viewed a Taylor Wimpey showhome last year, but that was just for incredulity. Link to comment Share on other sites More sharing options...
Frugal Git Posted August 12, 2015 Share Posted August 12, 2015 (edited) In my late thirties. To rent - circa half a decade ago. To buy - Never (unless you count my folks buying their place). I had a window of 10 months in my entire life - right at the start of my proper working life where it might have been feasible to do so. I tried to save a bigger deposit though (silly me) and was made redundant right at the end of that window and just after that prices went utterly bonkers. Edited August 12, 2015 by Frugal Git Link to comment Share on other sites More sharing options...
billybong Posted August 12, 2015 Share Posted August 12, 2015 (edited) 2007, I have zero interest in viewing houses when the asking price is over double what I consider to be value for money. +1 2004, if house prices had fallen a reasonable bit from that point back to some value. I don't even glance at the adverts now. Except for example what's posted on HPC as examples of crazy - haven't for years now Edited August 12, 2015 by billybong Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 12, 2015 Author Share Posted August 12, 2015 (edited) +1 2004, if house prices had fallen a reasonable bit from that point back to some value. I don't even glance at the adverts now. I only look at rightmove to see how mad it's become There is definitely that 2007 feeling again, prices are just mental now, no ifs, no buts, they are mental. even the trolls are saying they expect a modest correction, that's how bad it is. Edited August 12, 2015 by TheCountOfNowhere Link to comment Share on other sites More sharing options...
LiveinHope Posted August 12, 2015 Share Posted August 12, 2015 (edited) In my late thirties. To rent - circa half a decade ago. To buy - Never (unless you count my folks buying their place). I had a window of 10 months in my entire life - right at the start of my proper working life where it might have been feasible to do so. I tried to save a bigger deposit though (silly me) and was made redundant right at the end of that window and just after that prices went utterly bonkers. Similar, was never in the right place at the right time with regard to UK property. Of course, I could have bought for 8-10 x salary like some of my contemporaries, but that just turned them into employee slaves petrified of saying boo to a goose. Of course, I'm viewed as the enemy. In hindsight, I'm doubly grateful as I have no emotional ties to bricks and mortar, or to possessions, and I've never paid for a loan. The market is still not at a point where I would bother to look given the money I have at my disposal. Edited August 12, 2015 by LiveinHope Link to comment Share on other sites More sharing options...
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