Crazyface
Tour Winner
At random intervals, but fairly regularly, I check on house prices in my area, just to see. OMG !!!! They are seriously on the climb !!! 
House Prices
- Thread starter Crazyface
- Start date
ArnoldArmChewer
Tour Winner
At random intervals, but fairly regularly, I check on house prices in my area, just to see. OMG !!!! They are seriously on the climb !!!
Fine if you want to downsize, if your trading up it only magnifies the next jump up + puts more wedge in the government coffers via stamp duty & VAT.
SwingsitlikeHogan
Major Champion
House prices and the equity generated gives the lie to 'wealth' being hard-earned, and therefore something that one generation should be able to pass to the next without it being taxed (see also endless debate about the iniquity or otherwise of Inheritance Tax)
D
Deleted member 21258
Guest
Personally for the good of the economy(aka as debt levels) I would love to see house prices half.
I feel for the people trying to buy and will have a true lifetime of debt and no chance of paying it off early, as the debt level is just so great (heaven forbid if interest rates went up as well).
I feel for the people trying to buy and will have a true lifetime of debt and no chance of paying it off early, as the debt level is just so great (heaven forbid if interest rates went up as well).
Pockets are good, others are flat. I think they are generally on the rise but at what pace varies, as always to be fair but possibly more exaggerated at the moment.
Paperboy
Mini Cam
I'm just trying to get on the ladder. Think I might just have more then a 10% deposit when I start to look properly.
But £170k doesn't get you much unfortunately, especially as I want 2 bed flat/house with 2 double bedrooms
But £170k doesn't get you much unfortunately, especially as I want 2 bed flat/house with 2 double bedrooms
D
Deleted member 18121
Guest
I'm nearly 36...... I bought my first flat in Jan 2007 (just as the housing market crashed). I lost £20k in equity and essentially my 4 years of ownership cost me £60k
I will now have to wait until I inherit before I can buy again.
#reality
I will now have to wait until I inherit before I can buy again.
#reality
They are indeed Crazy.
when my Mother died in 98 by Father sold the family home for 750k, the people that purchased it then sold it a year later and made over 330k without doing anything to it....
luckily prices up here are more modest
when my Mother died in 98 by Father sold the family home for 750k, the people that purchased it then sold it a year later and made over 330k without doing anything to it....
luckily prices up here are more modest
jp5
Q-School Graduate
Whole lot of debt being built up by a whole lot of people. Got to think it's not sustainable long term for house prices in the south to be going up 10% year on year.
MegaSteve
Tour Winner
According to local news story... Property has gone up by 17%, in these parts, over the last year... Meaning my home has gone up in value more than I got paid, in the same period... Totally ridiculous....
Great for those like myself, mortgage paid, but not good in anyway for those seeking to get on the property ladder...
Great for those like myself, mortgage paid, but not good in anyway for those seeking to get on the property ladder...
SwingsitlikeHogan
Major Champion
I'm just trying to get on the ladder. Think I might just have more then a 10% deposit when I start to look properly.
But £170k doesn't get you much unfortunately, especially as I want 2 bed flat/house with 2 double bedrooms
What - no wood burning stove?
SwingsitlikeHogan
Major Champion
But the value of the house makes no difference to you unless you intend move...and with no mortgage, and hence I assume reasonable disposable income, you may not even need to look to remortgage based on your equity. So your equity is rather irrelevant?
SwingsitlikeHogan
Major Champion
..and you are hardly working hard to accumulate that 'wealth' in the equity you are building up - it's just coming your way...
Doon frae Troon
Ryder Cup Winner
I'm just trying to get on the ladder. Think I might just have more then a 10% deposit when I start to look properly.
But £170k doesn't get you much unfortunately, especially as I want 2 bed flat/house with 2 double bedrooms
Gets you this in Girvan
http://www.zoopla.co.uk/for-sale/de...2fd1dfc0675de93b46e8569475#m1T7uS3Wpi7Zefus.9
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Paperboy
Mini Cam
Paperboy
Mini Cam
I'd love a wood burner think they are very good, quite happily in the winter sit in front of one with a wee dram of malt and a good book!!!
U
User62651
Guest
Well put, this is how it is for 90% of people under 40. Older people who bought pre 1996 are quids in whilst younger are fooked. I am mortgaged until I'm 70 for a modest hovel, my mortgage takes up approx 40% of my take home pay, nothing left to save or holiday. It's not much fun really.
Doon frae Troon
Ryder Cup Winner
Cost at least 500k if not more down in the south
Bet they are not as nice as Girvan though.
Home to the worlds biggest distillery, golf course and lovely beach half a mile away.
Frost free area, Turnberry four miles away plus early season Ayrshire tatties.
What's not to like?
PS according to the floor plan you also get TWO dining rooms.
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jp5
Q-School Graduate
Yep, you know something is awry when you go out to work and at the end of the day your house has earnt more than you!
SwingsitlikeHogan
Major Champion
I'll grant you that...and the lovely sweet Ayrshire tatties - a heavenly delight
