Neil Clark

Hi all

Just goin to have a moan, sorry if it offends anyone..

It really gets on my goat when people keep saying that house prices are just about to fall, round here (Derby) they have been saying it for about 18 months and they keep rising at a higher rate than my wages!. The point i'm trying to make is the people moaning about house prices seem to me to run around in really nice expensive cars that they dont mind spending £xxx on a engine rebuilt etc.

I sold my cossie that i LOVED to get my first house deposit, the money came in very handy for the sale and running a old banger for 18 months really saved me loads of money on costs.

I think that if you want fast cars and friday/saturday drinking then sound and good on ya! but if you want a house that will ONLY go up in value then somethings got to give.

Sorry for my moan but had a really bad day at work and shuttin my own front door to the world does help quite abit.

Neil

SapphyMike

Neil,

i'm selling my cossie cos my house is costing money to run.

in this day and age, if you're new to the property ladder and arent minted, forget it!

nigel b

ive got a house that will do for now so spending my money on my s1/fiesta

Anonymous

Some of us bought are Houses a long time ago . No idea how you lads start these days my kids have no chance in the South. In the long run negative equity does no one any favours so a Price crash is the last thing thats required.
Paid 6.5k for my first House & Present one is over 410k.
My Brother lives in Derby (Mickelover) & is paying 420K for a House at the present time. Dont know the answer im afraid.
Rod

Neil Clark

I agree mate, if your new to the property ladder its really hard BUT driving a car that needs a £3k engine, 20MPG, etc, etc, etc just dont help

It really annoys me when people moan about house prices but have expensive cars and i dont know why lol!

IF you want a house then its possible, share with a mate or girlfriend, rent a room out for a year, houses in 5 years time will be £30-£40 more than now people!

I'm very lucky, i have a 3 bed house i rent out and a 3 bed house i live in but i have had to go without to get there

HOUSES WILL ONLY GO UP IN VALUE, CARS NORMALLY GO DOWN!

wayniac

thats me fucked then...

26, livin with parents, plus my gurly has moved in too. and I got a 2wd that dont wanna play the fuckin game !!!

poverty here i come !

Ginge !

sorry mate but if ya dont earn enough to qualify for a mogage what can ya do, where i live a studio flat is 200k+ i dont earn 50k a year to qualud=fy for a morgage or anywhere near that my rent is too cheep to need a morgage either, 200 quid a month for my rent , no matter how much houses go up by a 200k morgage is gonna cost me a fair old wack, but a 200 quid a momth rent then i aont gonna loose anythong asn nomatter what i seel it for i still gotta buy a new place anyway , so ya dont actually see the money unless ya down size or move away

i cant see the point in having 200k in a object ya cant use at any point , unless ya earn enough not to worry about the money , but to hjave a head aches and strees to raise the money andf make payments its not worth it

dave cos4x4

iTrader: (5)

We got our house before they all started to rocket up.

Really lucky at the time as i could not have my escort and buy a house now.

Just something that everyone needs....a house.

We don't need fast,prestiege cars though.



Dave.

Neil Clark

Your goin to be paying out for 25 years (normally) so the sooner you start the sooner you finish, what the house is worth dont really matter but if you rent for 10 years then buy it will take you 35 years

Ginge !

but ,y rent is alot cheeper than 25 years of a 300k morgage

i dont earn enough to pay for it either and tbh i dont see why i need to buy a house , its a nice thing but in all honesty its alot of headache if ya gonna struggle to get on the ladder

200 quid rent a month thats 2400 a year and 24000 over 10 years and 60k over 25 years

now a 300k morgage a year is how much

i dont see the benifit imo , i can not afford it and even if i did its not gonna be 200 quid a month infact my interest is gonna be more than 60k

ok i can sell for a profit but then i gotta buy an new place with the money too

good luck on your desision though mate , theres beter ways to make money now though, houses are not a instant money deal like it used to be

Neil Clark

Thats all true buddie. I get £450 a month rent for a £130k house but like i say i'm not in it for the money it just annoys me when people say the market WILL crash, it wont lol

Mark V8

iTrader: (2)

I know what you mean
Thinking of moving house and my cossie may have to go to keep the mortgage half sensible, and I've just spent a mint on it

Mark

Ginge !

ot will mate, they always do in the end the prices of all housed will get similer and the estate agents wont be making as much money and so ya will have to lower the orice to sell ect

the main advantage you got is the fact theres no houses being bult for the amount of people in the country, if they decided to use the green belt and not allow developers to use it forst and make the prices up as they feel then the prices will drop , theres alot of demand for very litle hpouses available and when people are willing to over stetch themsleves on a morgage foir a hiuse the size of a garden shed then ya will be quids in

but a big interst rise would kill the ball game totally, hence why there not trying toi raise it too much

soo as people stop buy as the waiting lists get shorter forcouncil properties then the house prices would go lower

POPEYE

fpmsl at saying it wont crash,can you garantee that
i wish there was someone like you to garantee the market in 1989 when i bought my flat

M Brian

they are on about the interest rate actually dropping again by the end of this year.


the house price isnt due to low rates IMO its due to demand. not enough houses to go round.. so prices go up houses sell so quick.

im currently debating moving areas... going to be hard choice... my mortgage is likely to double. but im so glad i got on the market 4 years ago (when i was 20)

ok i havent had the 15k cars etc etc but fook it... if i stayed here i could have one now... but its probably better to actually move and put it in property.

you wont lose on property. even if they drop... big deal.... like shares apart from you dont lose. if you aint on the ladder the rungs are further apart.

Neil Clark

In Derby, when house prices "crashed" in the late 80's a 50k house dropped to about £40, thats 20% and after 2 years were back upto and over the pre crash price BUT as everyone is saying quite rightly now there are alot less houses buing built due to land not being there (you look how many people are building onto there houses instead of looking for new houses) and there are alot more people moving into this country and more kids being born again so population is goin up again, supply and demand.

All i'm saying is that people that are waiting for "the big crash" are goin to be waiting along time, the market might slow or stop for a while but it wont crash. As i said earlier, in the last 18 months (while people have been saying about this big crash) my houses have gone up by about 60k, i dont even earn anything like that so i'm glad i didnt listen to these "experts"

rog

iTrader: (2)

I see what your saying, you don't necessarily have to sell the car tho, just put it in the garage, mine has been away since August last year and I've saved a fortune, currenly running about in a fiat cinquecento, which is a fair drop from a stage 3 saph but it gets me from A to B and is really cheap to run & insure, and hey presto, i actually bought my first house today! Selling the car did seem like the only option for starters but there's always a way round it, just depends how long it takes.

chorton

I think my sig says it all!

M Brian

you can buy a house though..... wait few years... remortage and have a fleet of cossies!!

Neil Clark

Good luck with the new house matey

Next thing to do is have sex in every room......... or is that just me