mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
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Something needs to happen so I can afford to buy a house 
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Ian W
Member
Registered: 8th Nov 03
Location: Wirral, Merseyside
User status: Offline
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I have been looking at buying for the last 12 months, firmly decided to rent now, im not spanking 90% of my salary on a little flat just so i can say "I own it" rather rent for half the cost and have a bit of a life 
[Edited on 10-01-2008 by Ian W]
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Daimo B
Member
Registered: 20th Mar 00
User status: Offline
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See thats short term thinking.
What about in 20-30 years time? Kid grown up and moved out etc. Fancy retiring somewhere nice...
If you've rented, you've got no capital to buy, and enjoy the rest.
I do understand how hard it is for single people buying their own place though. But there are options sometimes.
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Ian W
Member
Registered: 8th Nov 03
Location: Wirral, Merseyside
User status: Offline
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quote:
Originally posted by VXR
See thats short term thinking.
What about in 20-30 years time? Kid grown up and moved out etc. Fancy retiring somewhere nice...
If you've rented, you've got no capital to buy, and enjoy the rest.
I do understand how hard it is for single people buying their own place though. But there are options sometimes.
Don't get me wrong, i'd love to buy my own place but it boils down to the fact that I can't afford it.
Im hoping in 5 years my salary should be substantially better so I should be in a better position to buy, may even have someone to buy with then as well.
I'd rather rent for a bit now then buy and lose it as I can't afford it.
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Ally
Member
Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
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I bought 2 years ago, not bothered by it at all
If it drops in price it just means i'll loose profit, so potentially less money to put down on bigger house when we move in the next couple of years
face, bovvered.
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Online
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quote:
Originally posted by VXR
If you've rented, you've got no capital to buy, and enjoy the rest.
Yes, but if you buy and move, you've negative capital.
House for 10 years or more - yes, buy it.
Anything else for any less - bad idea. And as most people are first time residence, not going negative on a place that WILL be getting moved out of when the time is right is a BAD idea.
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Online
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quote:
Originally posted by Ally
I bought 2 years ago, not bothered by it at all
But you've still made in those years. Would be a different thing if we were talking about buying your place at current prices.
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Ally
Member
Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
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yeah deffo ian, i wouldnt want to be a first time buyer atm
however i have noticed that the houses in the area we are looking for have come down in price, so maybe a good time to move to house number 2
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