How much is your house worth?

[Wij]

My mortgage is paid off so I don't give a fuck about house prices.

 

[Scouse]

Are you planning on selling that house, or is it just a "for now for rent" type of thing? Could always offer to sell to them.

I'd be daft to throw away an investment like that. It's my first house, which is now an income source. I'll be a good landlord and treat people fairly but if people want to rent rather than buy then that's their choice - for whatever reasons they have.

Like I said - next door is for sale...

 

[Hawkwind]

I'd be daft to throw away an investment like that. It's my first house, which is now an income source. I'll be a good landlord and treat people fairly but if people want to rent rather than buy then that's their choice - for whatever reasons they have.

Like I said - next door is for sale...

Been renting my house in Basingstoke out for 12 years with only a gap of only 1 month between tenants in all that time. Bought another house in Falmouth, Cornwall recently and that will be holiday lets with family use in July. Rents pay the mortgage with enough for maintenance and you have an investment that grows. Wish I did it seriously 15 years ago.

Also lots of buy to let mortgages now, even for expats

 

[Scouse]

that will be holiday lets with family use in July

Been thinking about this in North Wales. We'd both love to move out of the smoke but can't justify it at the moment. I need another city-bound let for a pension income but if I do that buy-to-let it won't kill my mortgage abilities on another house. A holiday let would allow us to buy a gaff and recoup most of the mortgage costs and in the medium-term we'd be able to fuck off there permanently (or at least have the option to).

Keep me updated with how you get on with the break-even on the holiday let. I'm surprised you'd be using it for the family in the middle of peak season. You got any resources that you've been reading / hints / tips that you could share?

 

[SilverHood]

So, question, if people could live anywhere, where would they live?

It's an interesting question. I love loving in NYC, but it is expensive. I don't make enough money to even consider buying here, so I'm just living life for a few years, and then seeing what my options are with regards to employment in a place with cheaper real estate.

Of all the places I've been, Grand Cayman tops my list of places I'd want to live. Amazing weather, outside most of the storm paths, well paid jobs, easy transportation to USA and London. It's hard to beat.

 

[Lamp]

Reminds me of a Billy Connolly story.

One of Billy's council house mates was asked by some smug oh-look-how-much-my-house-has-increased-in-value ponce "what would you get if you sold your house?", to which Billy's friend answered "about 2 months"

 

[Moriath]

My mortgage is paid off so I don't give a fuck about house prices.

I hope I can do that soon.

 

[Moriath]

Been thinking about this in North Wales. We'd both love to move out of the smoke but can't justify it at the moment. I need another city-bound let for a pension income but if I do that buy-to-let it won't kill my mortgage abilities on another house. A holiday let would allow us to buy a gaff and recoup most of the mortgage costs and in the medium-term we'd be able to fuck off there permanently (or at least have the option to).

Keep me updated with how you get on with the break-even on the holiday let. I'm surprised you'd be using it for the family in the middle of peak season. You got any resources that you've been reading / hints / tips that you could share?

We go to a place on the rive Conwy. According to zooplankton it sold for 150k ish and they get between 300-600 a week depending on the season. I guess it could be empty sometimes. It's right by the river in a little built area of about ten homes and is a two bed ground floor apartment in a gated area.

Wish I had bought it

 

[georgie]

According to zooplankton it sold for 150k ish and they get between 300-600 a week depending on the season

Ah yes, that well known house price website zooplankton.co.uk .

 

[old.Tohtori]

I'd be daft to throw away an investment like that. It's my first house, which is now an income source. I'll be a good landlord and treat people fairly but if people want to rent rather than buy then that's their choice - for whatever reasons they have.

Like I said - next door is for sale...

Yeah was just asking, if you're that concerned about their future you could bring the topic up.

 

[leggy]

how long you there for Mooselar? I'm intending to visit Japan next year. @leggy and I once had half a plan to casually meet up in Tokyo.

I'll be visiting my sister in Korea then so I'll definitely be hopping on a plane to Japan.

Might be nice share a couple of used pants over a nice warm Sake.

 

[Scouse]

Yeah was just asking, if you're that concerned about their future you could bring the topic up.

I'm, naturally, concerned about mine more.

People are capable of doing their own maths. And I'm not in the business of getting nice reliable tenants to move out of my rental property...

 

[old.Tohtori]

No need to get so salty about it

 

[leggy]

Buy-To-Let mortgages. Proof that the country is run by cretins.

 

[Ormorof]

Its ok as long as they are in some way competitive, unfortunately in Helsinki demand is so high they can basically charge what they like

Would love to own my own place but its not really viable for me at the moment due to my low income

 

[Gwadien]

No need to get so salty about it

You're the one who's been salty recently.

You alright lover?

 

[old.Tohtori]

Its ok as long as they are in some way competitive, unfortunately in Helsinki demand is so high they can basically charge what they like

Quite. The cheapest apartment i could find when i was looking for a new place even 30km from helsinki was around 450€/month and that was for a 15 squaremeter dump

You're the one who's been salty recently.

If you say so

 

[Exioce]

Buy-To-Let mortgages. Proof that the country is run by cretins.

Half agree. There is a time and place for renting, for those without large deposits or only looking for short term housing.

But yeah, the cheaper buy-to-let mortgages and tax allowances are scandalous, and drive up prices for those wanting to buy a place to live in.

 

[Ormorof]

Quite. The cheapest apartment i could find when i was looking for a new place even 30km from helsinki was around 450€/month and that was for a 15 squaremeter dump



If you say so

Im lucky i live in a city owned apartment. my rent is about half what the guys renting privately in my building pay

 

[old.Tohtori]

Im lucky i live in a city owned apartment. my rent is about half what the guys renting privately in my building pay

Heh yeah would be lovely to get one of those, especially since you really need to f*ck up to get kicked out. Waiting lists are a mile long though.

 

[Ch3tan]

My 3 bed end of terrace in Thornton heath.

212k in 2006, remortgage valuation last year was 255k but that was a conservative estimate, other houses on the road that are smaller have sold for 300k since.

That was a buy to let investment though, looking to get a residential now and the house prices in the south east make me despair. You need a large deposit to be able to get a mortgage that won't shaft you in a few years when rates rise, banks have recognised this though and 75% and lower mortgages have very attractive fixed rates at the moment.

 

[Moriath]

My 3 bed end of terrace in Thornton heath.

212k in 2006, remortgage valuation last year was 255k but that was a conservative estimate, other houses on the road that are smaller have sold for 300k since.

That was a buy to let investment though, looking to get a residential now and the house prices in the south east make me despair. You need a large deposit to be able to get a mortgage that won't shaft you in a few years when rates rise, banks have recognised this though and 75% and lower mortgages have very attractive fixed rates at the moment.

I'm stuck atm though. Cause my current rate is only 2% above the base rate so I'm paying 2.5 and most of the fixed rates are above that and when you come out of them will be higher than that still. So I am sticking g with my variable rate atm I think.

 

[Billargh]

Anyone lived in Ludlow? Seems nice.

Gotta watch out for the Goblin Fishermen.

 

[Ch3tan]

I'm stuck atm though. Cause my current rate is only 2% above the base rate so I'm paying 2.5 and most of the fixed rates are above that and when you come out of them will be higher than that still. So I am sticking g with my variable rate atm I think.

Below 2% actually.

 

[Gwadien]

Gotta watch out for the Goblin Fishermen.

How come I made a DAOC joke and I got no likes?

Fucking fuckdy fuck fuck

Translation;

Fuking Fukdy Fuk Fuk

 

[Moriath]

Below 2% actually.

Not really once you paid your fees and stuff. It adds to the costs. Usually setup fees and such. I only pay 350 quid a month on me payments anyway

 

[TdC]

2%??? holy shit I'm moving to the UK! actually....fuck that -.-

 

[Billargh]

How come I made a DAOC joke and I got no likes?

Fucking fuckdy fuck fuck

Translation;

Fuking Fukdy Fuk Fuk

 

[fettoken]

What about all your other flats?

Don't know what you're talking about... .

Made a new investment today. Apartments close to a canal very close to city. They are being built as we speak, got a good deal of 4800 euros per square meter. 83 square meters, three rooms, two bedrooms and a kitchen + 10 square meter balcony and a walkin-closet for dem ladies. The 'cheap' price is due to the price being set 1 1/2 year ago when prices were different, moving in a year from now when they are built.

 

[Job]

I'm an only child and my parents want to put their house in my name because of the possibility of the council taking it all for care...tbh I personally think it's fair..but not at the rates care homes charge..utter ripoff when they are paying staff minimum wage.