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Bear Considering Buying....

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im a very confused bear. :blink:

currently renting with OH, both got very secure employment. myself on a graduate training scheme so should see good increase in wages over next 5 years, girlfriend probably not but takes home £220/week. i take home 1100/month.

been renting like a king for past year in 3 bed semi/big garden in nicest bit of town for only 420/month...bargain.

savings £12000

ccards 2500 but lumping them down fast

loan outstanding 200/month over next year but have a 2nd track car that is worth more than the loan so no probs there if i sold.

ive been enjoying renting safe in the knowledge that mr crash will eventually come, but ive seen a house that has tempted me into buying.... need to take a step back me thinks.

big 2 ged terraced on the street where i grew up, average part of town but a good street in an average area, good neighbours and its on at £82500.needs decorating throughout but nothing major. looks cheap in comparison to 1 bed flats in dumps that go for same price. would want 10 year fixed and lump off as much as poss every month. the way i see it is that i would be happy in this house and paying the same as renting

my mortgage payments would be approx same as rent. can houses in this cheapo bracket be affected in a crash or will it just be dearer stuff? im thinking that people will always be able to afford 80k no matter what happens right.

ive been a grizzly bear for so long i cant believe im having such red bull thoughts. :huh:

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im a very confused bear. :blink:

currently renting with OH, both got very secure employment. myself on a graduate training scheme so should see good increase in wages over next 5 years, girlfriend probably not but takes home £220/week. i take home 1100/month.

been renting like a king for past year in 3 bed semi/big garden in nicest bit of town for only 420/month...bargain.

savings £12000

ccards 2500 but lumping them down fast

loan outstanding 200/month over next year but have a 2nd track car that is worth more than the loan so no probs there if i sold.

ive been enjoying renting safe in the knowledge that mr crash will eventually come, but ive seen a house that has tempted me into buying.... need to take a step back me thinks.

big 2 ged terraced on the street where i grew up, average part of town but a good street in an average area, good neighbours and its on at £82500.needs decorating throughout but nothing major. looks cheap in comparison to 1 bed flats in dumps that go for same price. would want 10 year fixed and lump off as much as poss every month. the way i see it is that i would be happy in this house and paying the same as renting

my mortgage payments would be approx same as rent. can houses in this cheapo bracket be affected in a crash or will it just be dearer stuff? im thinking that people will always be able to afford 80k no matter what happens right.

ive been a grizzly bear for so long i cant believe im having such red bull thoughts. :huh:

Where do you live?

Could you stay there for the foreseeable, have babies and afford the payments on one salary?

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my mortgage payments would be approx same as rent.

Don't forget that you're getting less house for that.

can houses in this cheapo bracket be affected in a crash or will it just be dearer stuff?

Everything is affected. A £90k modern-ish starter home I saw a few months ago sold to the previous owners for £30k in 2000.

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