HousePriceTooHigh Posted November 22, 2022 Share Posted November 22, 2022 Quote Link to comment Share on other sites More sharing options...
MARTINX9 Posted November 22, 2022 Share Posted November 22, 2022 They console themselves that they now need a smaller extra additional mortgage to fund the house they need for their growing family - assuming it’s also fallen 30 per cent. Quote Link to comment Share on other sites More sharing options...
Si1 Posted November 22, 2022 Share Posted November 22, 2022 "With the state of the economy, I’m not sure how much profit I can make when selling this place." Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted November 22, 2022 Share Posted November 22, 2022 Christ on a bike! The poor soul has bought a flat with shit sound insulation/noisy neighbours and the best advice the other posters come up with is: Quote I'd suggest starting short-term noise-coping strategies now (earplugs, noise cancelling headphones) The OP has nailed it! If they were renting the place, they could have just up sticks and left by now. Caveat Emptor. Quote Link to comment Share on other sites More sharing options...
turkeydogshrimp Posted November 22, 2022 Share Posted November 22, 2022 Buying a flat to make profit? jumped on the train about 10 years too late. Houses aren't investments. Quote Link to comment Share on other sites More sharing options...
Far Canal Posted November 22, 2022 Share Posted November 22, 2022 28, f, single and want advice? Try and find a mug who'll bail you out financially. Quote Link to comment Share on other sites More sharing options...
Huggy Posted November 22, 2022 Share Posted November 22, 2022 Quote ...people would say renting was a waste of money. One of the best lessons I learned early in life was that most people don't have a fecking clue about anything. Sadly, most people think they do and this delusion seems to increase by age, especially relative age between the all knowing, all powerful homeowning boomers and the naive, easily led, impressionable millennial above (As I expect those conversations mainly went) Quote Link to comment Share on other sites More sharing options...
Social Justice League Posted November 22, 2022 Share Posted November 22, 2022 2 minutes ago, Huggy said: One of the best lessons I learned early in life was that most people don't have a fecking clue about anything. Sadly, most people think they do and this delusion seems to increase by age, especially relative age between the all knowing, all powerful homeowning boomers and the naive, easily led, impressionable millennial above (As I expect those conversations mainly went) 100% agree. Never listen to anyone, as most are of low intelligence and talk sh1te because they are desperate to fit in and follow the pack. Most men only do what they do to keep a wife or girlfriend happy and most women only do what they do because they are insecure and desperate to trap a high value man. All aren't worth a bucket of piss with regards to financial advice imo. Quote Link to comment Share on other sites More sharing options...
mynamehere Posted November 23, 2022 Share Posted November 23, 2022 I was surprise to hear recently that London 1 bed starter flats in average areas, eg e17, have been pretty flat since 2016. Expecting capital growth in this property type is tricky. Average LTVs on such properties is probably high, but on the other hand, there isn't much froth to come off. Quote Link to comment Share on other sites More sharing options...
nero120 Posted November 23, 2022 Share Posted November 23, 2022 11 hours ago, Social Justice League said: 100% agree. Never listen to anyone, as most are of low intelligence and talk sh1te because they are desperate to fit in and follow the pack. Most men only do what they do to keep a wife or girlfriend happy and most women only do what they do because they are insecure and desperate to trap a high value man. All aren't worth a bucket of piss with regards to financial advice imo. Very true, and in some ways you can understand it. The contrarian path is a lonely one, staring into the abyss of the uncertain and uncaring universe would devour most men's souls. Quote Link to comment Share on other sites More sharing options...
Si1 Posted November 23, 2022 Share Posted November 23, 2022 24 minutes ago, nero120 said: Very true, and in some ways you can understand it. The contrarian path is a lonely one, staring into the abyss of the uncertain and uncaring universe would devour most men's souls. whoah true Aaron Clarey says the economy is optimised for the average middle of the road person, in fact it has to be as otherwise they'd have nothing to do, same thing Quote Link to comment Share on other sites More sharing options...
nero120 Posted November 23, 2022 Share Posted November 23, 2022 (edited) 9 minutes ago, Si1 said: whoah true Aaron Clarey says the economy is optimised for the average middle of the road person, in fact it has to be as otherwise they'd have nothing to do, same thing They're also in the vast majority (so not really "average" in the truest sense of the word) Edited November 23, 2022 by nero120 Quote Link to comment Share on other sites More sharing options...
winkie Posted November 23, 2022 Share Posted November 23, 2022 ... because they don't want to miss the boat....so can say own rather than rent, so to have something can call their own? Who knows what goes through people's mind.... perhaps someone talked them into it? Quote Link to comment Share on other sites More sharing options...
rantnrave Posted November 23, 2022 Share Posted November 23, 2022 Help to Buy purchase? Quote Link to comment Share on other sites More sharing options...
Aidan Ap Word Posted November 23, 2022 Share Posted November 23, 2022 "I can rent at any time for a small profit" ... not without changing the mortgage surely? And that would mean losing the fixed rate? Quote Link to comment Share on other sites More sharing options...
rantnrave Posted November 23, 2022 Share Posted November 23, 2022 13 minutes ago, winkie said: Who knows what goes through people's mind.... perhaps someone talked them into it? Older folk who bought decades ago and believe the market today is the same as it was then... Quote Link to comment Share on other sites More sharing options...
winkie Posted November 23, 2022 Share Posted November 23, 2022 6 minutes ago, rantnrave said: Older folk who bought decades ago and believe the market today is the same as it was then... Yes....good point. Quote Link to comment Share on other sites More sharing options...
sta100 Posted November 23, 2022 Share Posted November 23, 2022 I'd be far more nervous if I'd just bought a house with a low EPC. Quote Link to comment Share on other sites More sharing options...
sta100 Posted November 23, 2022 Share Posted November 23, 2022 14 hours ago, bomberbrown said: Christ on a bike! The poor soul has bought a flat with shit sound insulation/noisy neighbours and the best advice the other posters come up with is: The OP has nailed it! If they were renting the place, they could have just up sticks and left by now. Caveat Emptor. There's no other advice to give, Obviously she would have been better off waiting it out, but in this scenario the best thing would be to make the most of it. The housing market is in a state and most of us have been and are going to affected by it. Quote Link to comment Share on other sites More sharing options...
sta100 Posted November 23, 2022 Share Posted November 23, 2022 2 hours ago, nero120 said: Very true, and in some ways you can understand it. The contrarian path is a lonely one, staring into the abyss of the uncertain and uncaring universe would devour most men's souls. The contrarian path has also been a financially poor move up until recently. Quote Link to comment Share on other sites More sharing options...
Trampa501 Posted November 23, 2022 Share Posted November 23, 2022 It's not unknown for people forced to stay where they are and "make the most of it". I remember meeting a few people in that situation in the 90s. The difference now (if there is one) is that so many in recent years bought as an investment as opposed to a place to live. The widely shared view was buying property was a one way bet, and they couldn't lose. They should have spent more time on this website. Quote Link to comment Share on other sites More sharing options...
nero120 Posted November 23, 2022 Share Posted November 23, 2022 8 minutes ago, sta100 said: The contrarian path has also been a financially poor move up until recently. It has, but the contrarian looks to survive, not necessarily gain financially as that's pure speculation. Quote Link to comment Share on other sites More sharing options...
sta100 Posted November 23, 2022 Share Posted November 23, 2022 1 minute ago, nero120 said: It has, but the contrarian looks to survive, not necessarily gain financially as that's pure speculation. Easier to survive when you're minted from property. Quote Link to comment Share on other sites More sharing options...
sta100 Posted November 23, 2022 Share Posted November 23, 2022 7 minutes ago, Trampa501 said: It's not unknown for people forced to stay where they are and "make the most of it". I remember meeting a few people in that situation in the 90s. The difference now (if there is one) is that so many in recent years bought as an investment as opposed to a place to live. The widely shared view was buying property was a one way bet, and they couldn't lose. They should have spent more time on this website. I did the same thing when I was early 20s, saw it as a good investment, a step to somewhere better, and it was noisy and I felt buyers remorse for it. This was the late 90s and it went up hundreds of thousands. People were advising me not to buy. This is a pretty poor thread. Quote Link to comment Share on other sites More sharing options...
hotblack42 Posted November 23, 2022 Share Posted November 23, 2022 2 minutes ago, sta100 said: it went up hundreds of thousands You mean you crystallised through selling, or are you still living in it and just think it went up that much? Selling now is a dramatically worse than a year ago. Quote Link to comment Share on other sites More sharing options...
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