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House prices rose, property market picking up
- Thread starter Chicken Run
- Start date
Curious Orange
Punxsatawney Phil
Cheeky Monkey said:
I object to the term 'Studio Flat', it's a feckin' bed-sit!!
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enigma
Guest
The cost of property in London is frightening. Thanks f*** my parents live here, otherwise I would be f***ed. It's not about spending 500 quid a month plus on rent, I'm going to live at home as long as possible.
Barnet Seagull
Luxury Player
Well I've had two offers on my flat today so I'd agree about the market picking up ( both Buy2let's)
Bought my flat only 18 months after uni, when I was on £20k and it was £102K
Begged, borrowed and stole to get it. It's ex council in a nasty neighbourhood but had plenty of space. So much so that I could have a lodger. Good rental material too, which helps.
I think too many people aren't willing to make that kind of sacrifice in terms of comfort and lifestyle. I was living on £40 a week for 18 months (damn those student loans)
Bought my flat only 18 months after uni, when I was on £20k and it was £102K
Begged, borrowed and stole to get it. It's ex council in a nasty neighbourhood but had plenty of space. So much so that I could have a lodger. Good rental material too, which helps.
I think too many people aren't willing to make that kind of sacrifice in terms of comfort and lifestyle. I was living on £40 a week for 18 months (damn those student loans)
The Auditor
New member
Hadlee said:
if slightly over £250k ...pay £249995 for the house and the balance of the price for Cutains fixtures carpets etc to avoid the extra stamp duty
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enigma
Guest
Barnet Seagull said:
Was that in London?
You're right about too many people not making sacrifices- it amazes me how much people spend on going out sometimes. I go out a lot but try not to spend much.
Barnet Seagull
Luxury Player
enigma said:
30 mins from Covent Garden... Arnos Grove.
Curious Orange
Punxsatawney Phil
Willow said:Time to move on then. Why do you think I am in sunny Didcot?
Why should I move away from my friends, family, and job, just to get on the property ladder?
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enigma
Guest
Barnet Seagull said:
I didn't think Arnos Grove was that bad. My mate goes there a bit, he lives in Whetstone.
Wood Green is shit but mind you, the shops arent bad at all.
- Thread starter
- #32
No one pays "slightly over 250k" they pay 250 and sellers asking just over 250k will expect that as well, by the way 3% starts in excess of 250kThe Auditor said:
Barnet Seagull
Luxury Player
enigma said:
all depends on which side of the road...
Pretty nasty New Southgate side but it isn't Edmonton
Cheeky Monkey
Well-known member
- Jul 17, 2003
- 23,668
Willow said:Spot on, that man.
Not really, it's all just generalisations about people without knowing any of the facts. I only spend about £30 a month on going out with a view to saving to get on the property ladder. I would wager that you don't live in a studio/bedsit Willow, and probably wouldn't plow over £100k into such a dead end investment either!
At the end of the day I fail to see how chicken run's celebration of the rise in property prices benefits anyone unless they are multiple property owners. If you are in the market looking to move to a bigger place etc. you aren't benefitting because prices of bigger places are rising relative to the price of the property you're looking to sell. And secondly, as mentioned above, first time buyers aren't benefitting full stop. I can only assume cr is a property tycoon.
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Another Berkshire Seagull
Well-known member
I work in a reasonably paid job and managed to buy a house about 3 years ago.
I needed to get a lodger in and tighten the purse strings but I got by and I guess some of the capital in my house is a reward for that, however my house price is now rude in value.
If I wanted to buy the same house now there is no way I could afford it and to me that is sad. These things have just gone too high.
That said don't start going down just yet I'm on a binge to get my house in tip top condition so I can get my money out of property in Reading and give myself a bit of flexibility if I take my employers calling to go off and work in Seattle.
Hopefully the £ to $ ratio will help me get something even better there!
I needed to get a lodger in and tighten the purse strings but I got by and I guess some of the capital in my house is a reward for that, however my house price is now rude in value.
If I wanted to buy the same house now there is no way I could afford it and to me that is sad. These things have just gone too high.
That said don't start going down just yet I'm on a binge to get my house in tip top condition so I can get my money out of property in Reading and give myself a bit of flexibility if I take my employers calling to go off and work in Seattle.
Hopefully the £ to $ ratio will help me get something even better there!
Seagull over SW France
New member
Anyone interested in a 3/4 bedroom semi-d in CardenAvenue for in region of 200,000 ? no parking problems for Withdean/Falmer,equi distance from both............
SK1NT
Well-known member
bad news for me! been trying to move for months! if you think brighton is expensive try kingston. Its getting ridiculous 180 K for a 1 bed flat 
Curious Orange
Punxsatawney Phil
Simster said:
No danger of them being kept "artificially low" I'm afraid.
I did consider moving to Hitchin a couple of years ago when my former employers moved their offices up there. But the impact on my quality of life would have been too much. My family, friends, and football team are more important to me than my career, or prospects of getting on the property ladder.
As it happens staying in Guildford probably turned out better for me in career terms, and I'm sure with a few more years of saving I'll be able to buy my own home to live in. Not an investment, a home.
The British National Party
New member
I don’t know why everyone is so worried about house prices keep going up. The bubble will burst, and when it does then the first time buyers will have a field day. People who think it’ll not burst should wake up to reality.
All you first time buyers shouldn’t panic neither should parents who are worried about their children getting a place. Like the saying goes, what goes up must come down.
Germany had a housing boom after our crash and look at them now, it’s a cycle, we had our boom in the 80’s then a recession while others looked at us as the poor man of Europe while they were enjoying what we are now, our time will come again and it’ll come quicker than most people think, Gordon brown has lost the plot, with raid the pension funds, spending more than he can borrow, his prediction of growth is fantasy and taxes will have to go up meaning bloody nightmares for everyone.
Laugh at me if you like, It’s my opinion and it’ll happen.
All you first time buyers shouldn’t panic neither should parents who are worried about their children getting a place. Like the saying goes, what goes up must come down.
Germany had a housing boom after our crash and look at them now, it’s a cycle, we had our boom in the 80’s then a recession while others looked at us as the poor man of Europe while they were enjoying what we are now, our time will come again and it’ll come quicker than most people think, Gordon brown has lost the plot, with raid the pension funds, spending more than he can borrow, his prediction of growth is fantasy and taxes will have to go up meaning bloody nightmares for everyone.
Laugh at me if you like, It’s my opinion and it’ll happen.