Originally Posted by Westy
ok mate.. well keep payingh your rent whilst in the hope houses depreciate in value.,.
out of interest, as Im not too clued up on the subject... do houses depreciate in value often..
they will when the interest rate goes up and people cant afford to pay em and so they all sell up
westy hes not kidding in what he says either mate, you think your doing well jumping on the ladder now BUT they aint still growing anymore, you aint gonna make LOADS of cash that you would have 5 or 10 years ago if you live near central citys
its the smaller towns that are now seeing the price rises,,,,,,, londons houses over a certain amount are actually DROPPING slightly but they are and thats cause people aint taking the same risks in as they can see whats gonna happen
london aint the place to buy anymore, loads of business is moving out and the internet has showed people that there is inteligence outside of the M25
people who are on it now maybe fine
as for paying 1000quid a month being poor so when your 55 you own your own place,,,,, what a great plan,,,,,,,, so you live the life of no cash and stress to pay bills and then when the central heating goes tits up you need to borrow 2k to sort it and now have another bill,,,,,,,, that aint what lifes about mate
50 quid on a council house and they even fit double glazing FOC where i have to pay 7k cause im on a 125 year lease
the only people that are winning are the banks in interest and the estate agents
if LEGALLY you wasnt allowed to get a morgage UNLESS you had 10% you would have 5 years less to pay for a start,,,,,,,,, imagine that
and the price of houses wouldnt be as high as they are,,,,,,,,,, aint that a much better way