tag:blogger.com,1999:blog-269747357135751360.post1850440589035792505..comments2023-11-02T09:19:18.174+00:00Comments on Mambam: To Buy or not to BuyMichaelhttp://www.blogger.com/profile/17745796890136055707noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-269747357135751360.post-76149781525855653032009-10-12T20:29:35.301+01:002009-10-12T20:29:35.301+01:00Naturgesetz
The only thing that seems a bit dodgy...Naturgesetz<br /><br />The only thing that seems a bit dodgy is the central heating. It's about 25 years old. The kitchen is a bit old fashioned looking but my dad says that is just cosmetic.<br /><br />Kinkynik<br /><br />I will do that. Any cute guy who wants to live with me will require a structural survey. I'll be the one doing the survey and i may need to check the structure is rigid enough ;-)<br />I think you are right about seeing it as an investment.Michaelhttps://www.blogger.com/profile/17745796890136055707noreply@blogger.comtag:blogger.com,1999:blog-269747357135751360.post-64642807265592854302009-10-12T11:52:29.120+01:002009-10-12T11:52:29.120+01:00Get a full structural survey.
Make the cute tenan...Get a full structural survey.<br /><br />Make the cute tenants pay up front in cash.<br /><br />I.m guessing Halifax ain't at the top of the proerty ladder but you know it's not selling now. So see it as a medium term investment, say 5 years, that should give you an decent return on your capital and enable you to move elsewhere if you wished.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-269747357135751360.post-6491922768814786512009-10-11T23:17:23.112+01:002009-10-11T23:17:23.112+01:00If the house is in good shape and won't need y...If the house is in good shape and won't need you to pay for a lot of repairs, it sounds like a good deal.naturgesetzhttps://www.blogger.com/profile/15268507379933286863noreply@blogger.comtag:blogger.com,1999:blog-269747357135751360.post-73163749001792904532009-10-11T15:44:03.262+01:002009-10-11T15:44:03.262+01:00As alway i'm ever grateful for your advice. I ...As alway i'm ever grateful for your advice. I suppose it's a no brainer really isn't it ?. And if i'm honest i sort of knew i would be mad not to. But its helpful to get opinion from elseware to confirm or deny your own.<br /><br />Micky<br />I like the dog analogy, i'll be honest, doing the gardening could be a house equivelet of having to take if for a walk when you don't feel like it. I'm crap at gardening.<br /><br />Peter D<br />I have also fallen foul of rent increases so i understand that part only to well. i wonder how much i have paid in rent since i lived here ?. No..i'd better not think of that one<br /><br />Samadidris<br />Rent out extra rooms!!!!! now that sounds an interested one i never thought of that !. <br />Some sexy guy who might just have to pay in other ways if he can't stump up the rent one month.<br />Sorry my fantasys running away with me again.<br />But you do have a point. :-)Michaelhttps://www.blogger.com/profile/17745796890136055707noreply@blogger.comtag:blogger.com,1999:blog-269747357135751360.post-34437070528524569852009-10-11T07:27:06.723+01:002009-10-11T07:27:06.723+01:00I see no downside to this.
(a) you can rent out t...I see no downside to this.<br /><br />(a) you can rent out the extra rooms, and use that to reduce your monthly payment<br /><br />(b) the price is way below market (like what you said). if things get really bad (jobless for long long time), you can easily sell the house on the market. since it's below market price.<br /><br /><br /><br />Go for it.samadidrisnoreply@blogger.comtag:blogger.com,1999:blog-269747357135751360.post-25115638443837053282009-10-10T18:44:04.257+01:002009-10-10T18:44:04.257+01:00I spent nearly all my life paying a (controlled) r...I spent nearly all my life paying a (controlled) rent until Westminster Council cancelled an agreement with the trust owners, supposed to be till 2030. Result - takeover by American investors, rent up 300%! Had to get out (self employed) and lucky to find a cheap place on the Mediterrnanean (shed tears for me!) before prices went crazy here. Buying late in life is not easy but I was lucky. Renting seemed very attractive at the time, because it was so cheap. But if I'd stayed I'd be f----d by now. So, Michael, think of rent as money thrown out of the window, and if you have a chance to buy - with your dad's support - I'd say go for it. As he says, it's an asset - you will at least get your money back, if you sell for what you paid (plus loan interest of course). You'll never recover rent paid. Good luck, take advice and let's know what you decide. Take care - Peter-D (in the south of France!)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-269747357135751360.post-16882000690846469922009-10-10T18:04:02.963+01:002009-10-10T18:04:02.963+01:00There are total and obvious reasons why you should...There are total and obvious reasons why you should bust a gut and pick up a bargain.<br /><br />Your dad is of course right - although I would have thought (without knowing you really or the house or the area of Halifax it's in) that living in it, waiting for house prices to go back up (which they will) and then selling it on if you want to move elsewhere, was better than getting it now and trying to sell it on because at the moment it won't sell - that's the one thing we do know.<br /><br />The other side of the coin is that once you are on the property er, ladder - you should NEVER leave it because you'll almost certainly spend any money you've gained and then have to start over with a deposit when you're ready to try again.<br /><br />I couldn't sell a house in Todmorden when I just didn't want it any longer - and lost heavily on the eventual disposal.<br /><br />My only real advice, I guess, is not to do what I did then!<br /><br />Houses are really like dogs - not just for Christmas.Anonymousnoreply@blogger.com