House Buyers 2007.... Why? - Page 4

Desmo · 30-11-2007, 16:25

It certainly is a crap situation. I'm lucky in that I got in just in time for me...many of my friends didn't.

I've now come to terms with the fact that it's very unlikely we'll be able to afford anything bigger than what we have now. We're stuck in a small 2 bedroom house for a very long time now, I just don't see how we could move up to anything bigger without taking a massive risk.

It's one of the reason that we'd hope we can build an extension and loft conversion out back, it's the only way we can get more space when we need it.

Wossi · 01-12-2007, 03:07

I'm now stuck, not that it's that bad, at home with my parents still at 26. I never earned enough to move out when I should have so now I have to wait till either I get a very large pay increase or there is a housing price crash. At the moment renting is still a no no as there is no way I could afford to move out and live anywhere near comfortably and since nearly everyone else I know is already living with someone I'm scuppered

Goose · 02-12-2007, 18:24

^ snap!

lostkat · 19-12-2007, 18:27

Want to know something great about having a mortgage? Getting your mortgage statement after a whole year of payments and being told that the total value that you've actually paid back on your loan is just under £1500. The rest has gone on interest.

Think I'll be screwing these up in future. Sux! On the bright side, we now own 1.4% of our house. WOOHOO!!!!!!

Dymetrie · 19-12-2007, 18:40

Quote:

Originally Posted by lostkat

Want to know something great about having a mortgage? Getting your mortgage statement after a whole year of payments and being told that the total value that you've actually paid back on your loan is just under £1500. The rest has gone on interest.

Think I'll be screwing these up in future. Sux! On the bright side, we now own 1.4% of our house. WOOHOO!!!!!!

That's still over £1000 a month you've paid off of your house

Although considering that I pay less that £300 a month in rent I feel this compulsion to....

*points and laughs*

Mark · 19-12-2007, 18:43

Quote:

Originally Posted by lostkat

On the bright side, we now own 1.4% of our house. WOOHOO!!!!!!

I can't remember - did you not pay a deposit?

lostkat · 19-12-2007, 23:42

Quote:

Originally Posted by dymetrie

That's still over £1000 a month you've paid off of your house

Although considering that I pay less that £300 a month in rent I feel this compulsion to....

*points and laughs*

I think you misunderstand. Out of all the money we've paid back on our mortgage in the last year, just £1500 of it has actually paid for the bricks and mortar which surround us. The rest has gone on interest. We don't even pay £1000 per month on the mortgage, so I'd be well happy if I was paying that much off the house value per month

Oh, and considering I only pay about £450 per month (my proportion of the mortgage), I think I'm actually getting better value for money than you, cos I get a house at the end of it.... allbeit after 25 years

So take your pointy laughing elsewhere thankyouverymuch

Mark - No, no deposit. I'd be even more gutted if we'd paid a deposit and had STILL only paid £1500 of the house value.

Piggymon · 20-12-2007, 08:22

Quote:

Originally Posted by dymetrie

Although considering that I pay less that £300 a month in rent I feel this compulsion to....

*points and laughs*

We only pay £800 a month and don't have to share with anyone

Dymetrie · 20-12-2007, 08:46

My maths sucks

Del Lardo · 20-12-2007, 18:13

Well despite a slowdown in the market towards the end of this year one of the things I plan to do next year is buy a house. Simple reason is that next year I should be able to afford somewhere, not compromise my quality of life (too much) and I am completely fed up with renting.

I would like to buy in Cambridge but on my budget at best I'd get a tiny 1 bed place so I've been looking at the villages surrounding Cambridge as for the same money I can get a 2 bed place that I would happily stay in for quite a few years should the market go tits up.

30-11-2007, 16:25	#31
Desmo The Last Airbender Join Date: Jun 2006 Location: Pigmopad Posts: 11,915	It certainly is a crap situation. I'm lucky in that I got in just in time for me...many of my friends didn't. I've now come to terms with the fact that it's very unlikely we'll be able to afford anything bigger than what we have now. We're stuck in a small 2 bedroom house for a very long time now, I just don't see how we could move up to anything bigger without taking a massive risk. It's one of the reason that we'd hope we can build an extension and loft conversion out back, it's the only way we can get more space when we need it. __________________

02-12-2007, 18:24	#33
Goose The list is long, but distinguished Join Date: Dec 2006 Location: Århus, Denmark Posts: 1,643	^ snap! __________________

19-12-2007, 18:27	#34
lostkat Good Cat Join Date: Jun 2006 Posts: 5,550	Want to know something great about having a mortgage? Getting your mortgage statement after a whole year of payments and being told that the total value that you've actually paid back on your loan is just under £1500. The rest has gone on interest. Think I'll be screwing these up in future. Sux! On the bright side, we now own 1.4% of our house. WOOHOO!!!!!! __________________ Oooooh Cecil, what have you done?

20-12-2007, 08:46	#39
Dymetrie A large glass of Merlot Join Date: Jun 2006 Location: Letchworth with a Lightsaber Posts: 5,819	My maths sucks __________________ Khef, Ka and Ka-Tet....

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01-12-2007, 03:07	#32
Wossi Absinthe Join Date: Sep 2007 Location: In the middle Posts: 1,385	I'm now stuck, not that it's that bad, at home with my parents still at 26. I never earned enough to move out when I should have so now I have to wait till either I get a very large pay increase or there is a housing price crash. At the moment renting is still a no no as there is no way I could afford to move out and live anywhere near comfortably and since nearly everyone else I know is already living with someone I'm scuppered

20-12-2007, 18:13	#40
Del Lardo Absinthe Join Date: Jan 2007 Location: Cambridge Posts: 2,539	Well despite a slowdown in the market towards the end of this year one of the things I plan to do next year is buy a house. Simple reason is that next year I should be able to afford somewhere, not compromise my quality of life (too much) and I am completely fed up with renting. I would like to buy in Cambridge but on my budget at best I'd get a tiny 1 bed place so I've been looking at the villages surrounding Cambridge as for the same money I can get a 2 bed place that I would happily stay in for quite a few years should the market go tits up.