how_supra Posted August 24, 2005 Share Posted August 24, 2005 Its not fair..................... :thumbdown :thumbdown all I can afford is a shoddy old studio flat, with a tiny living/bedroom area, which is leasehold, and has dodgy bathroom fittings and a manky old kitchen. £90k really doesn't get you all that much. Its totally pants. I'm not asking for a mansion, but a seperate bedroom would be a start. Anyway end of rant................. Quote Link to comment Share on other sites More sharing options...
GeordieSteve Posted August 24, 2005 Share Posted August 24, 2005 Come to the North East Studio flats come from 35k Quote Link to comment Share on other sites More sharing options...
DaveRex Posted August 24, 2005 Share Posted August 24, 2005 90k in wycombe, thats not bad ! Quote Link to comment Share on other sites More sharing options...
how_supra Posted August 24, 2005 Author Share Posted August 24, 2005 90k in wycombe, thats not bad ! That's the trouble as well. £90k only just buys you a basic studio flat. To put into perspective, nates of mine bought a house last year in Northampton - a 2 bedroom house, with drive, garage and garden for £100k. Northamptons only 60 miles up the road. All of a sudden £90 looks pretty rubbish and it is rubbish. You literally only get a 15ft living / sleeping area, a tiny tatty kitchen and a bathroom in need of a refit. Quote Link to comment Share on other sites More sharing options...
DaveRex Posted August 24, 2005 Share Posted August 24, 2005 I've just bought a flat for 165k in holtspur, beaconsfield, it a refrub project though, needs a ton of work doing before I can develop it and sell it on. Try moving one or two junctions up the M40 or save up for a bit Quote Link to comment Share on other sites More sharing options...
how_supra Posted August 24, 2005 Author Share Posted August 24, 2005 There's no way on this earth I can save up enough to warrant a decent cash deposit. Student loan and other debts need to be cleared first. I work near reading, I need to bare that in mind as well. Quote Link to comment Share on other sites More sharing options...
Whitesupraboy2 Posted August 24, 2005 Share Posted August 24, 2005 Bmth is just as bad my 2 bedroom house with tiny garden is £160k and that was cheap Quote Link to comment Share on other sites More sharing options...
JohnK Posted August 24, 2005 Share Posted August 24, 2005 Its the same in Southampton, not much under 90k and what is are in beruit type areas that you could never own a nice car in as some scrote would ruin it for you. Buying your first place now sucks Quote Link to comment Share on other sites More sharing options...
michael Posted August 24, 2005 Share Posted August 24, 2005 Its not fair......... Tell me about it! I'm still saving to get this: http://www.dacres.co.uk/res_kildwick.html Quote Link to comment Share on other sites More sharing options...
how_supra Posted August 24, 2005 Author Share Posted August 24, 2005 I remember when my mum bought a house in Wantage, and it was a two up two down, with a tiny garden and a garage round the corner, that was £55k. That was 1997. She sold that house last year for almost £140k There is no way first time buyers have a chance of getting on the property ladder. I wanna live in my own house............. Quote Link to comment Share on other sites More sharing options...
how_supra Posted August 24, 2005 Author Share Posted August 24, 2005 Tell me about it! I'm still saving to get this: http://www.dacres.co.uk/res_kildwick.html te he. Best of luck with that Quote Link to comment Share on other sites More sharing options...
how_supra Posted August 24, 2005 Author Share Posted August 24, 2005 Its the same in Southampton, not much under 90k and what is are in beruit type areas that you could never own a nice car in as some scrote would ruin it for you. Buying your first place now sucks exactly. I've seen some dodgy places in Slough where people have tried to sell me a small box for stupid money. Quote Link to comment Share on other sites More sharing options...
DaveRex Posted August 24, 2005 Share Posted August 24, 2005 Try looking at properties in need of work Perhaps you could try looking at a development project over a period of time to help you get on the ladder (and you don't always need a deposit mate) I agree though it depends what they will let you have as a max mortgage amount, you might have to move out of the area, Stokenchurch is quite cheap I think Quote Link to comment Share on other sites More sharing options...
how_supra Posted August 24, 2005 Author Share Posted August 24, 2005 I have gone for 100% mortgage. Which is why I can only really spend 90k. There aren't too many developments around. I am keeping my eyes open though. I don't mind doing work to property I think it would be fun. I haven't tried stokenchurch though, I will have a looksey I think. Thanks Quote Link to comment Share on other sites More sharing options...
DaveRex Posted August 24, 2005 Share Posted August 24, 2005 look into the gov part ownership schemes Quote Link to comment Share on other sites More sharing options...
how_supra Posted August 24, 2005 Author Share Posted August 24, 2005 The majority of the part ownership schemes are for key workers only, IE public sector. Which is another gripe of mine. but that said part owned ones do come about though for general people, but they seem far and few between and when they do come about you have to act quickly [which I found out to my misfortune not to long ago] Quote Link to comment Share on other sites More sharing options...
DaveRex Posted August 24, 2005 Share Posted August 24, 2005 I thought it was all over the news recently that the part own scheme was being opened up to all Quote Link to comment Share on other sites More sharing options...
outatime Posted August 24, 2005 Share Posted August 24, 2005 I had to buy a flat to get on the ladder last september, the house market is mad around here. I gutted it and spent 2 months doing the place up and have just accepted an offer for 25% more than I paid for it. We're looking at 3/4 bedroom places with a garage and decent garden now, the problem is finding a place my girlfriend and I can agree on! Got another two viewings lined up tonight. I'll hopefully do the same thing again - find somewhere that needs a bit of work and then sell it on until I get to the house I want. Quote Link to comment Share on other sites More sharing options...
DaveRex Posted August 24, 2005 Share Posted August 24, 2005 best way to do it 5 houses in 5 years is my current plan Unforunately th boom that happened when I had my first two flats is no more, but property is still a safe bet if you do your homework Quote Link to comment Share on other sites More sharing options...
Ian R Posted August 24, 2005 Share Posted August 24, 2005 Scary isn't it. Anyone remember Motorworld by Clarkson in Japan he harped on about how people can't afford houses these days so they put all time and money into their cars (perhaps we are going the same way) Quote Link to comment Share on other sites More sharing options...
outatime Posted August 24, 2005 Share Posted August 24, 2005 best way to do it 5 houses in 5 years is my current plan Unforunately th boom that happened when I had my first two flats is no more, but property is still a safe bet if you do your homework Try telling that to my poor, neglected Supra I aim to move every year or so as well, with this being a tourist area its quite a healthy market. Its just difficult finding the places, one of the bungalows i'm looking at tonight is begging for a loft conversion so i've got high hopes for that. Most of them belong to retirees and haven't been decorated since the 70's though I just turned down the nicest 18th century Welsh cottage, it was perfect but there was no potential there because the current owners have done it so well. Quote Link to comment Share on other sites More sharing options...
RedM Posted August 24, 2005 Share Posted August 24, 2005 We looked at buying somewhere just over a year ago. For the mortgage we could get we found nowhere we would like to live. Now, with nice possesions and an even nicer car we would never even entertain those places now matter how desperate. TBH, we are happy renting. It may be more per month but we live in a wonderful area and get all work carried out for us. Renting is big in the US and Europe but over here we seem obsessed to spend most of our lives in debt. Strange. Quote Link to comment Share on other sites More sharing options...
how_supra Posted August 24, 2005 Author Share Posted August 24, 2005 We looked at buying somewhere just over a year ago. For the mortgage we could get we found nowhere we would like to live. Now, with nice possesions and an even nicer car we would never even entertain those places now matter how desperate. TBH, we are happy renting. It may be more per month but we live in a wonderful area and get all work carried out for us. Renting is big in the US and Europe but over here we seem obsessed to spend most of our lives in debt. Strange. Interesting point of view. The main issue with me, is that I do rent, but the house I live in is in a poorer state than any of the previous student houses I have lived in, and I live with three grown up 30 something men and it severaly does my head in. I can rent a reasonably nice flat for the same amount each month as a mortgage would cost me. Initially I thought that it would be a waste of money to rent, but your point above is interesting........ Quote Link to comment Share on other sites More sharing options...
DaveRex Posted August 24, 2005 Share Posted August 24, 2005 We looked at buying somewhere just over a year ago. For the mortgage we could get we found nowhere we would like to live. Now, with nice possesions and an even nicer car we would never even entertain those places now matter how desperate. TBH, we are happy renting. It may be more per month but we live in a wonderful area and get all work carried out for us. Renting is big in the US and Europe but over here we seem obsessed to spend most of our lives in debt. Strange. Pretty much the decision thoughts I had mate, I've rented for almost the last 2 years after owning a couple of places, I've now got pissed of with paying out 26k in two years to live in someone elses house and have bought another myself. The house isn't as nice as the one I've moved out of, but its a development project so not too fussed I think there comes a point when you don't want to keep paying out with no return. Renting you'll always have a nicer house to start with but when I think I could have paid 26k off a mortgage in the past 2 years, i'm done with renting now Quote Link to comment Share on other sites More sharing options...
RedM Posted August 24, 2005 Share Posted August 24, 2005 What about the extra costs though? For example, if we had a mortgage on this place we'd now be looking at 3K for a new boiler and pipework. Except we aren't. Hooray. Also, we could never afford to buy even the smallest house in this village. Heck, even this flat is out of our league, but we are happy to pay rent here because of the added benefits. A mortgage is great and I understand the point about paying X over so many years with nothing to show for it but you can lose your house even after you've paid out nearly the full amount. My father came within days of having a house repossesed after paying mortgage on it for 14 years. Managed to sell it but only after taking a massive loss. The banks won't do you any favours just because you've been a good customer for over a decade and then hit a rough spot. F**K em, I say and rent, rent, rent. Quote Link to comment Share on other sites More sharing options...
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