House prices
- Thread starter captaincaveman1
- Start date
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I've two properties i would really like to get rid of, but if i sell them now i wont make a profit, so i will continue renting them out till the prices rise again, i imagine theRE are hundreds of landlords in similar circumstances which means the prices are rock bottom.
Dont wory about interest rates in 5-10yrs as your wages should go up as we come out of recession.
Dont wory about interest rates in 5-10yrs as your wages should go up as we come out of recession.
looking at prices in my locality, they have slipped slightly since the beginning of the year ( we are in the south west) But they are not as low as they were about 2 years ago when the financial sh*t first hit the fan and even then they were not hugely low.
I see locally that prices have stagnated and it will be interesting to see what happens in Spring 2013.
We are considering a buying a buy to let but I'm nervous about prices dropping further. Rental demand is huge here at the moment.
A crystal ball would be handy
I see locally that prices have stagnated and it will be interesting to see what happens in Spring 2013.
We are considering a buying a buy to let but I'm nervous about prices dropping further. Rental demand is huge here at the moment.
A crystal ball would be handy
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That`s what my grandfather said - when offered his rented house for £500 The landlord was a nice guy
FEK ME Nige, I didn't know caravans cost so much!
Andy
Why line someone elses pocket by paying rent? If you buy and get a fixed rate mortgage, when the rates do rise you will still be paying the same amount. Shortly before the end of the deal you start shopping around for another deal. Odds are that your present lender will look favourably at you as they don't want to lose business.
If you come to sell at some time in the future and have to sell at the same price you bought for then you haven't lost as basically you will have been living rent free for that time. If you sell at a loss you may still be ahead overall as you would compare your loss to what you would have paid in rent over the same period.
If you come to sell at some time in the future and have to sell at the same price you bought for then you haven't lost as basically you will have been living rent free for that time. If you sell at a loss you may still be ahead overall as you would compare your loss to what you would have paid in rent over the same period.
My mortgage payment per month is £50 cheaper than renting a house in the same road . My only fear is house prices hitting the deck but im taking the chance that they wont fall further .
E
EddieM
They will hit the deck, when, who knows. About 30-50%
Your mortgage will only go down while renting will only go up.
Andy
Andy
E
EddieM
Your equity may well go down faster than your rent.
But being a trademan, you can add valve to your property. Also you will know other trades to have work done and not get ripped off.
Andy
Andy
E
EddieM
No you can't.
Two mortgages on house £180 month combined with just over 4 years to pay off.
Rent of HA house in our road £525 month.
And very shortly having the whole house insulated, including wall insulation and loft, for the costly sum of £1 Not sure if I will be able to afford that last bit.
Rent of HA house in our road £525 month.
And very shortly having the whole house insulated, including wall insulation and loft, for the costly sum of £1 Not sure if I will be able to afford that last bit.
E
EddieM
Two mortgages on house £180 month combined with just over 4 years to pay off.
Rent of HA house in our road £525 month.
And very shortly having the whole house insulated, including wall insulation and loft, for the costly sum of £1 Not sure if I will be able to afford that last bit.
irrelevant if your house is depreciating by more than £4140 a year and you are spending money on it. Afraid its not quite as clear cut as it seems.
WHAT?
I've re-plumbed, new bathroom, rewired (mates rates) landscaped the rear garden, new front drive & re decorated with new carpet.
So yes i have added valve!
Andy
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