Guest Winners and Losers Posted March 13, 2006 Share Posted March 13, 2006 Technically yes, but if IR's go up I'm f*cked every which way. Quote Link to comment Share on other sites More sharing options...
Elizabeth Posted March 13, 2006 Share Posted March 13, 2006 I've said no, but I could stretch to an old council flat on the 4th floor on old kent road, on an estate in Peckham, or concievably, an 8*10ft studio (thats a single bed) in Finsbury Park. Quote Link to comment Share on other sites More sharing options...
benjamin Posted March 13, 2006 Share Posted March 13, 2006 definite change of sentiment..on this website, that is. ttrtr must be enjoying this. Quote Link to comment Share on other sites More sharing options...
Anti_Claus Posted March 13, 2006 Share Posted March 13, 2006 (edited) Yes. Just don't want to pay over the odds for the biggest purchase of my life. Why bother with things like January sales etc (actually I don't come think of it) and then spend 50-200k more than you might just because the nice man at the bank will lend you the money at a low IR. It's still my money that has to pay it back in the end. EDIT: Should add I am luckily in a postion to simply wait and see what happens. Edited March 13, 2006 by Anti_Claus Quote Link to comment Share on other sites More sharing options...
New Darker Law Posted March 13, 2006 Share Posted March 13, 2006 definite change of sentiment..on this website, that is. ttrtr must be enjoying this. Yeah, I'd have to agree sentiment seems to have changed recently. I can't understand it though as blips are symptomatic of all markets. It's nothing to get jittery about. NDL Quote Link to comment Share on other sites More sharing options...
Down with the BBC Posted March 13, 2006 Share Posted March 13, 2006 i sed yes. however its an ex council flat on a combined wage (me and GF) of £42000 so i can afford a 1 bed ex council flat together. But why should i? £100000 for a flat that was £30000 4 years ago. Shove it right up your sodding **** Quote Link to comment Share on other sites More sharing options...
Milo Posted March 13, 2006 Share Posted March 13, 2006 Yes, but not a property I want to come back to every day. The longer we save the better the property we can buy. Quote Link to comment Share on other sites More sharing options...
FTBagain Posted March 13, 2006 Share Posted March 13, 2006 Technically yes, but if IR's go up I'm f*cked every which way. Ditto. Hence no way will I buy with the market in its current situation. It would be financial ruin. Quote Link to comment Share on other sites More sharing options...
Guest Winners and Losers Posted March 13, 2006 Share Posted March 13, 2006 My sentiment has not changed. I think there will be a HPC at some point. I was just curious about motivations. I am not willing to pay over the odds - done that already. Quote Link to comment Share on other sites More sharing options...
FTBagain Posted March 13, 2006 Share Posted March 13, 2006 definite change of sentiment..on this website, that is. ttrtr must be enjoying this. Why? We are not buying when theoretically we could. That means we are holding on to our money. Money the market needs if it is to continue this madness. Quote Link to comment Share on other sites More sharing options...
Anti_Claus Posted March 13, 2006 Share Posted March 13, 2006 (edited) But why should i? £100000 for a flat that was £30000 4 years ago. Shove it right up your sodding **** Exactly. Make sure its sideways. Edited March 13, 2006 by Anti_Claus Quote Link to comment Share on other sites More sharing options...
MarkG Posted March 13, 2006 Share Posted March 13, 2006 Well, yes, I could 'afford' to spend my entire life savings buying a shitty flat over a crack den. But why would I want to? Sod that, I have much better things to do with my money. Quote Link to comment Share on other sites More sharing options...
Guest Winners and Losers Posted March 13, 2006 Share Posted March 13, 2006 I'm lovin it! Quote Link to comment Share on other sites More sharing options...
Anti_Claus Posted March 13, 2006 Share Posted March 13, 2006 Hey Winner and Losers don't you bark at me or I'll claw your ass! Quote Link to comment Share on other sites More sharing options...
Battenberg Posted March 13, 2006 Share Posted March 13, 2006 Well I've put no as we now have no income due to redundancy but 6 months ago we could just afford to buy a house in chav central. That wasn't working on 3.5x income that was based on that them affordability calculations, like. Quote Link to comment Share on other sites More sharing options...
Guest Winners and Losers Posted March 13, 2006 Share Posted March 13, 2006 Hey Winner and Losers don't you bark at me or I'll claw your ass! I like my bum being scratched! Woof, woof. Quote Link to comment Share on other sites More sharing options...
Mr Joe Posted March 13, 2006 Share Posted March 13, 2006 (edited) Yes but again at the very bottom of the market with a maxed out mortgage. After paying bills it would be touch and go. I'd definitely be into my overdraft each month. If interest rates rose I'd end up in a financial black hole. Buying in the current market would not improve my quality of life. To me happiness and good health are not something I would exchange for a 2 bed in a rundown part of town. Mr Joe. Edited March 13, 2006 by Mr Joe Quote Link to comment Share on other sites More sharing options...
Elizabeth Posted March 13, 2006 Share Posted March 13, 2006 definite change of sentiment..on this website, that is. ttrtr must be enjoying this. Dear Benjamin, My sentiment hasn't changed. I always knew that I could buy an 8*10 studio in Finsbury Park. Actually Manor House and some distance from the tube, and in an area that is fairly uncomfortable for a lone woman to walk around at night, but I know that shouldn't affect my decision. Its a struggle I have been having with myself for a long time. I know, I should be a strong decisive powerful woman ready to leap at real estate opportunities. Maybe its something from my childhood, the lack of a strong father figure. I've read Freud, but it doesn't seem to help. Maybe its post traumatic stress from when some guy tried to mug me in Paris. Or maybe its just a simple lack of faith in myself that hasn't taken me there yet. I just keep asking myself the same question. It goes round and round in my head. Is it better to chain myself to a morgage for 100K that will very potentially drop into negative equity of 30K so that I can squeeze the fryer fat out of the bed linen every Sunday for the next 20 years, and proudly call myself a "homeowner"? and should I get a "life trainer" to train me to value myself that much? or Should I continue to live in a 12x12 bedroom in a HMO, sharing the kitchen and bathroom with strangers but with no strings attached? Its a clear dilemma benjamin. I seek your advice. Yours in anguish, Elizabeth Quote Link to comment Share on other sites More sharing options...
Guest Winners and Losers Posted March 13, 2006 Share Posted March 13, 2006 I did a calculation on Nationwide on how much me and Mr WAL could borrow. 250k!! Like, riiggghhhtt. As if we would borrow that much. It is more than 3.5 x our salaries. They might lend it to us, but how on earth would we pay it. I may be a cheapskate, but I AM NOT prepared to live hand to mouth. Quote Link to comment Share on other sites More sharing options...
apom Posted March 13, 2006 Share Posted March 13, 2006 I will be lent the money.. Don't believe that its much of an issue.. Prices are dropping noticibly round me.. Quote Link to comment Share on other sites More sharing options...
Johnny Posted March 13, 2006 Share Posted March 13, 2006 I can definately buy a house now, but don't just on principal. I don't believe houses are worth the asking prices and hence will not buy. Houses up here in the North are going for £180K - 3 bed detached houses in good areas. Brand new 4 bed detached houses going for £230k, 3 Bed Terraced houses are less than £120K. It makes sense to invest the cash I have and get a decent return, if houses don't reduce over the next couple of years so what , I can still buy at those prices...... But if they crash then I will be in an even better position. Quote Link to comment Share on other sites More sharing options...
Down with the BBC Posted March 13, 2006 Share Posted March 13, 2006 I did a calculation on Nationwide on how much me and Mr WAL could borrow. 250k!! Like, riiggghhhtt. As if we would borrow that much. It is more than 3.5 x our salaries. They might lend it to us, but how on earth would we pay it. I may be a cheapskate, but I AM NOT prepared to live hand to mouth. Ooh, so youre a Mrs. (Unless your civily partnered) Would you like my business card he he he. only if youre a mrs. Quote Link to comment Share on other sites More sharing options...
HomeAlone Posted March 13, 2006 Share Posted March 13, 2006 I said no. I can't afford ANYTHING what so ever, even the cheapest 1 bedroom flat is twice what I can afford. Quote Link to comment Share on other sites More sharing options...
Down with the BBC Posted March 13, 2006 Share Posted March 13, 2006 maybe we should all vote with our feet. Monster raving looney party at the next election Oh, arent they already in??? Quote Link to comment Share on other sites More sharing options...
BillyShears Posted March 13, 2006 Share Posted March 13, 2006 Yep, no problem. After moving out of London. Billly Shears Quote Link to comment Share on other sites More sharing options...
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