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I'm off to view a £1Million house today


TheCountOfNowhere

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Was an interesting viewing for sure.

The house is the first 1 ( or maybe the 2nd) i've seen since 2007 that was actually value for money and we've see a few over the years !!!

It was massive and a garden to match the house.

The main problem being the amount of work need to bring it up to scratch and the cost of upkeep.  Just getting a gardener to upkeep the garden would be about £2K a year.

The estate agent said people were getting a but desperate to sell at the moment and the BrExit uncertainty is having a massive impact, they even said, interest rates might rise.

The Countess want to put an offer in at £150 per sq foot ( about £900K), but even at that the numbers dont add up.

For the first time in a long time I think there is some hope though.

Regarding the comment. "buying at the peak"...it's only buying at the peak if you're paying peak prices.

Peak prices round here are about £350 per sq foot and that's for a sh*t house on a sh*t estate next to the motorway.

 

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17 hours ago, winkie said:

What would you rather have? a million pound debt home or a million pound of credit in the bank?;)

 

Or a million pound out the bank and in an asset that might hold it's value ?

It's a tough call.

Much trouble to come...much worry for anyone with cash.

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