sambo Posted October 21, 2008 Report Posted October 21, 2008 Me flat has been on the market for a while now and, well basically we had an offer for less than what we paid for it. This whole fook up by the banks has seriously fooked me up. Basically, we cant afford to move unless we take an offer for less than what we paid for it, but then we havent got a deposit for another property. We need a house now, you know, we are getting to the age where we would like to start a family and stuff but we simply cannot afford it in terms of equity etc. What a fooking wind up! What are we supposed to do? We are stuck in a 1 bed flat! for possibly another 3 years!!!!! Now we have a foster dog that we are looking after until my bro gets himself sorted. Its just too damn crowded in here already!!!!! Rant over. Sorry
antz Posted October 21, 2008 Report Posted October 21, 2008 look on the bright side.....you accept less for your flat but a house will also be cheaper to buy so you aint really losing out. sure yu lose money on your flat but you also save on a house. personally i think house prices need to drop further. im 20 and still live at home. the way prices were i was never gonna get a house. when they drop it makes it affordable for us first time buyers
JAY PS Posted October 21, 2008 Report Posted October 21, 2008 I think you missed the point ,he CANT afford to move . Were the same ,we cant afford to move and would dearly love to move away from London but our house is worth about the same as we paid for it 3 years ago and ive sunk 20k into it and it still needs loads of work .!
walsh253 Posted October 21, 2008 Report Posted October 21, 2008 I wouldnt even think about selling/buying for at least a year until you see what happens,i dont think its as bad as what people are making out im a courier and my firm has never been so busy so people are still spending
Fiesta Steve Posted October 21, 2008 Report Posted October 21, 2008 Feel sorry for you and others in the same position But personally, its the best thing ever for me. The house prices were getting ridiculous and I've been saying for years that 'it can't keep on the way it is and they will crash soon', when others around me said 'they'll just keep going up' Well what do you know the prices are dropping, and fast !! Faster the better for me as its the only way I'll be buying one, for now I'll carry on renting my country cottage until they drop another 30% or so.
sambo Posted October 21, 2008 Author Report Posted October 21, 2008 look on the bright side.....you accept less for your flat but a house will also be cheaper to buy so you aint really losing out. sure yu lose money on your flat but you also save on a house. personally i think house prices need to drop further. im 20 and still live at home. the way prices were i was never gonna get a house. when they drop it makes it affordable for us first time buyers You misunderstood Antz, We simply cannot afford to move. We bought it, spent lots on it and now it is barely worth much more than what we paid for it, so all the improvements made were pointless. It's not fair, a while back people were making a fortune out of property! All i want is a fooking house and garage. Not asking much for a 30 year old bloke working full time is it?
antz Posted October 21, 2008 Report Posted October 21, 2008 look on the bright side.....you accept less for your flat but a house will also be cheaper to buy so you aint really losing out. sure yu lose money on your flat but you also save on a house. personally i think house prices need to drop further. im 20 and still live at home. the way prices were i was never gonna get a house. when they drop it makes it affordable for us first time buyers You misunderstood Antz, We simply cannot afford to move. We bought it, spent lots on it and now it is barely worth much more than what we paid for it, so all the improvements made were pointless. It's not fair, a while back people were making a fortune out of property! All i want is a fooking house and garage. Not asking much for a 30 year old bloke working full time is it? sorry dude...my fault. i can understand where ya coming from now.
Twinkle Posted October 21, 2008 Report Posted October 21, 2008 look on the bright side.....you accept less for your flat but a house will also be cheaper to buy so you aint really losing out. sure yu lose money on your flat but you also save on a house. personally i think house prices need to drop further. im 20 and still live at home. the way prices were i was never gonna get a house. when they drop it makes it affordable for us first time buyers You misunderstood Antz, We simply cannot afford to move. We bought it, spent lots on it and now it is barely worth much more than what we paid for it, so all the improvements made were pointless. It's not fair, a while back people were making a fortune out of property! All i want is a fooking house and garage. Not asking much for a 30 year old bloke working full time is it? same for me but i'm still paying the mortgage on a house that wont sell and i dont even live there anymore
sambo Posted October 22, 2008 Author Report Posted October 22, 2008 Just not fair. Cos of the banks stupidity and greed. It fooks alot of decent people up and all thier life plans. Makes me so angry.
johnny_h Posted October 22, 2008 Report Posted October 22, 2008 same for me but i'm still paying the mortgage on a house that wont sell and i dont even live there anymore snap.
MightySprocket Posted October 22, 2008 Report Posted October 22, 2008 relocate, move up north rather than paying the over inflated saarf prices you could get a much bigger house for suvern flat prices
johnny_h Posted October 22, 2008 Report Posted October 22, 2008 relocate, move up north rather than paying the over inflated saarf prices you could get a much bigger house for suvern flat prices thats coz the North sucks. takes cover
MightySprocket Posted October 22, 2008 Report Posted October 22, 2008 relocate, move up north rather than paying the over inflated saarf prices you could get a much bigger house for suvern flat prices thats coz the North sucks. takes cover lmao 3 bedroomed detached in rural cheshire for the price of a garden shed on albert square i know which one id choose welcome back johnny
antz Posted October 22, 2008 Report Posted October 22, 2008 gotta agree with sprocket. in Hull you could probably buy a 4 bedroomed house for the price of a 1ft square of turf from leicester square. thats cos hull is a dive though
richie_stix Posted October 22, 2008 Report Posted October 22, 2008 patience is the best policy really... the housing market went well over priced anyway, so was due a crash... but wait a little while then sell... but as antz said, selling the flat for less but buy a house for less to...?
bortaf Posted October 22, 2008 Report Posted October 22, 2008 That's the trouble with gambling on houses sometimes ya win even flats on my bleeding council estate (upstairs, no garden, 3 bed) where reaching 200K me mate bought his off the council 12 years ago for 16 grand for fecks sake crazy London prices
mk2_escort_chick Posted October 22, 2008 Report Posted October 22, 2008 Me and Dean have started a savings account which doesn't end till next year. That is hopefully gonna cover some of the solicitors fee's...one less thing to worry about. I really do feel for anyone trying to sell a property at the mo. But I guess that the fall of house prices is a good thing for 1st time buyers like me and Dean.
sambo Posted October 22, 2008 Author Report Posted October 22, 2008 patience is the best policy really... the housing market went well over priced anyway, so was due a crash... but wait a little while then sell... but as antz said, selling the flat for less but buy a house for less to...? If we wait any longer we will definatley be into the negative equity zone! and that will suck arse. Trouble is, if you bought during the big boom, you had to get a BIG mortgage, now trying to sell in the crash.... well it just couldnt be worse!! Ah well, it all sucks monkey shit at the moment and there are people worse off than me.
Messenjah Posted October 22, 2008 Report Posted October 22, 2008 gotta agree with sprocket. in Hull you could probably buy a 4 bedroomed house for the price of a 1ft square of turf from leicester square. thats cos hull is a dive though these crazy northern fools ... turf ... leicester square .... TURF ? last time i checked it was paving slabs or fountains ... no turf in sight
bortaf Posted October 22, 2008 Report Posted October 22, 2008 Last time i saw grass in Liecester Sq i was shmoking it
jayson2.3pinto Posted October 22, 2008 Report Posted October 22, 2008 could be worse could be renting ,or even worse homeless
Fiesta Steve Posted October 22, 2008 Report Posted October 22, 2008 could be worse could be renting ,or even worse homeless I'd rather be renting then in negative equity.
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