House buying

[MooseBreath]

If you want to get onto the property ladder easy you should all move to the states.

Most states are running a government assisted program that helps out first time buyers.

my cousin just moved to minnesota. Now he had to sit through a couple of saturday morning sessions about how to be a sensible home owner, ect Very boring , im sure but the end result was that he got given $10,000 towards the deposit of his home. But you have to be a first time home owner.

They just started the same program here in North Carolina 3 months after i bought my house.

But you really do get much more for your money over here. When we bought this place at the beginning of december We Paid $85,000 for it. Its a 4 bedroom detached home on 1.5 acres of land most of which is trees and wood trails.. it had a brand new roof put on last year.

Think thats about 55,000 pounds. Our mortgage payment, which includes the tax and home insurance is $488 a month which works out at about 322 pounds a month.

That's incredible. Even in the shittest parts the UK you'd struggle to get a decent 4-bed for less than £150k.

[Guest]

If you want to get onto the property ladder easy you should all move to the states.

Most states are running a government assisted program that helps out first time buyers.

my cousin just moved to minnesota. Now he had to sit through a couple of saturday morning sessions about how to be a sensible home owner, ect Very boring , im sure but the end result was that he got given $10,000 towards the deposit of his home. But you have to be a first time home owner.

They just started the same program here in North Carolina 3 months after i bought my house.

But you really do get much more for your money over here. When we bought this place at the beginning of december We Paid $85,000 for it. Its a 4 bedroom detached home on 1.5 acres of land most of which is trees and wood trails.. it had a brand new roof put on last year.

Think thats about 55,000 pounds. Our mortgage payment, which includes the tax and home insurance is $488 a month which works out at about 322 pounds a month.

Gonna be a bitch of a commute to Manchester though.

Pretty envious of that cost though

[MPH]

That's incredible. Even in the shittest parts the UK you'd struggle to get a decent 4-bed for less than £150k.

 

 

Well we got a bit lucky too.. They guy who previously owned it didnt update the deeded records and so it was listed as a 3 bedroom home with 1 &1/2 bathrooms... which deterred all those from looking who NEEDED 4 bedrooms.. He unfortunately died and the home was owned by his daughters... just before christmas and they wanted a quick sale.. was listed just above 100k but i put in a cheeky offer of 85k.. told them i really hate all that counter offer stuff and so it was a take it or leave it offer.

[danny.]

Steer clear of new builds at all costs would be my advice. I bought one from Barratts back in 2005 when everything appeared tickety-boo. I paid £114,000 for a one bedroom flat on a 75% mortgage with the other 25% being retained by the building company. I have to purchase the remaining 25% of the properties 'current' value in 2015 or sell and the building company gets 25% of it's worth. I've paid no rent on the remaining 25%. The problem is, new builds were priced above their actual worth and then the market crashed and it's left me with a gaff that's probably worth 40%+ less than I paid. I'm sure there are a lot of other people in this boat, most certainly in the block I bought so i'm intrigued to know what the building company is going to do. I would love to just hand the flat back over and tell them to bollocks, but I don't suspect Halifax would be too pleased with that.

 

The official market value of my property is still £90,000 yet the last sale of a flat in the block went for £65,000 at auction due to reposession, infact there hasn't been a flat sold normally since 2009. They are all reposessions and bought at knockdown value but surely it's true value is only what people are willing to pay? Therefore £65,000?

 

Piece of shit. So steer clear.

 

I am trying to buy in London at the minute, now that's a fookin pain in the 'arris.

 

Is that Freemens Meadow?

 

The flats there used to be silly money, like 200k for the 2 bed flats, I almost bought one a few years ago, and then a couple of years later they were selling for 150k new.

[MPH]

Gonna be a bitch of a commute to Manchester though.

Pretty envious of that cost though

 

 

Its just a real cute little home for the price... and there's loads similar over here... so many choices for homes..

[purpleronnie]

If you want to get onto the property ladder easy you should all move to the states.

 

Most states are running a government assisted program that helps out first time buyers.

 

my cousin just moved to minnesota. Now he had to sit through a couple of saturday morning sessions about how to be a sensible home owner, ect Very boring , im sure but the end result was that he got given $10,000 towards the deposit of his home. But you have to be a first time home owner.

 

They just started the same program here in North Carolina 3 months after i bought my house.

 

 

But you really do get much more for your money over here. When we bought this place at the beginning of december We Paid $85,000 for it. Its a 4 bedroom detached home on 1.5 acres of land  most of which is  trees and wood trails.. it had a brand new roof put on last year.

 

Think thats about 55,000 pounds. Our mortgage payment, which includes the tax and home insurance is $488 a month which works out at about 322 pounds a month.

 

 

errr yeah move to another country just because you might get a bigger house for your money.

 

Nah thanks.

[purpleronnie]

fulton home.jpg

 

 

 

fulton home.jpg

 

 

Its just a real cute little home for the price... and there's loads similar over here... so many choices for homes..

 

 

My experience is how cheaply american houses are built not just because of the economic and housing crisis america has gone through but the cheapness of the builds, poor quality compared to other countries.

[leicsmac]

If you want to get onto the property ladder easy you should all move to the states.

 

Most states are running a government assisted program that helps out first time buyers.

 

my cousin just moved to minnesota. Now he had to sit through a couple of saturday morning sessions about how to be a sensible home owner, ect Very boring , im sure but the end result was that he got given $10,000 towards the deposit of his home. But you have to be a first time home owner.

 

They just started the same program here in North Carolina 3 months after i bought my house.

 

 

But you really do get much more for your money over here. When we bought this place at the beginning of december We Paid $85,000 for it. Its a 4 bedroom detached home on 1.5 acres of land  most of which is  trees and wood trails.. it had a brand new roof put on last year.

 

Think thats about 55,000 pounds. Our mortgage payment, which includes the tax and home insurance is $488 a month which works out at about 322 pounds a month.

 

 

 

 

Looking up engineering jobs in the US as we speak. 

 

Going up again now according to the latest stats.

Still overpriced imo. I'm not buying til I've found somewhere I want to live for at least ten years otherwise all the fees and extra costs mean you might as well just rent. Especially with no guarantee that the value of the house won't go down. Twenty years ago owning was a no-brainer. Now, not so much.

 

Absolutely. Ridiculously overpriced, so it's just not worth it.

 

But we can blame some of the baby boomers who treated (and still treat) homes like a commodity and keep the price high for that. Including buying-to-let for that extra hint of greed. You want to invest with a decent return? Buy gold, or whatever inanimate object that is doing well right now. Not something that is practically a quintessential human need.

 

Anyhow, rant over.

 

errr yeah move to another country just because you might get a bigger house for your money.

 

Nah thanks.

 

In a heartbeat mate IMO. In a heartbeat. Seem to treat people with STEM skillsets better overseas anyway.

[purpleronnie]

Looking up engineering jobs in the US as we speak. 

 

 

Absolutely. Ridiculously overpriced, so it's just not worth it.

 

But we can blame some of the baby boomers who treated (and still treat) homes like a commodity and keep the price high for that. Including buying-to-let for that extra hint of greed. You want to invest with a decent return? Buy gold, or whatever inanimate object that is doing well right now. Not something that is practically a quintessential human need.

 

Anyhow, rant over.

 

 

In a heartbeat mate IMO. In a heartbeat. Seem to treat people with STEM skillsets better overseas anyway.

each to their own especially if your after a specific job (which it seems you are), but the grass isnt always greener my friend, I guess you now all the downfalls but those aside I couldnt imagine being away from family and friends.

My sister has just made 30 grand in the housing market so I guess things cant be too bad in the UK.

[leicsmac]

each to their own especially if your after a specific job (which it seems you are), but the grass isnt always greener my friend, I guess you now all the downfalls but those aside I couldnt imagine being away from family and friends.

My sister has just made 30 grand in the housing market so I guess things cant be too bad in the UK.

 

I can.    Agree with the friends part, but the world is a smaller place these days. And yeah, I am looking for something specific so looking abroad is very much an option. Having worked abroad in the past too I'm used to it now.

 

Nice for your sister then - one of the ones in the right place at the right time evidently. 

[purpleronnie]

I can.    Agree with the friends part, but the world is a smaller place these days. And yeah, I am looking for something specific so looking abroad is very much an option. Having worked abroad in the past too I'm used to it now.

 

Nice for your sister then - one of the ones in the right place at the right time evidently. 

 

Ah is good you've had experience and it seems that you dont really have a family tie?  My sister actually spent time abroad too but also returned to raise a family (smart choice), the profits she made from her house in nottinghamshire has enabled her to buy a large 4 bedroom 2 gararge house in leicestershire....nice.

[MPH]

errr yeah move to another country just because you might get a bigger house for your money.

 

Nah thanks.

 

Yeah that would be a silly reason really to move just for that... But Its a much better quality of life over here in general. Everything is cheaper.. people are way more friendly over here.. Everything is better, sorry to say... I dont think there is one thing about my life that i dont like over here. The only things i do miss are my family and going to City games...

 

 

My experience is how cheaply american houses are built not just because of the economic and housing crisis america has gone through but the cheapness of the builds, poor quality compared to other countries.

 

If you are buying for sure you need to inspect the house before you buy it.. and you are right there are some people who will use a wood frame as wood is so cheap over here and so plentiful.. some people just build homes that will last their lifetime.. and of course new builds... I think whatever country you live in you need to be careful of new builds these days and more specifically new builds built on masse by companies who usually throw lots of properties together on a smaller plot of land.  This home as you can see is a solid brick structure.. Breeze blocks behind that too of course. It really is an excellent home. Built in the 60's and as solid as the day it was built..

[leicsmac]

Ah is good you've had experience and it seems that you dont really have a family tie? My sister actually spent time abroad too but also returned to raise a family (smart choice), the profits she made from her house in nottinghamshire has enabled her to buy a large 4 bedroom 2 gararge house in leicestershire....nice.

Yeah, don't have many family ties.

I think if you can get onto the housing ladder in this country then you can make a tidy sum. The problem is getting onto it in the first place.

[FoxesAreBlue]

Just going they the process of buying my first flat, can't wait to move out/in!

[Babylon]

House buying is just an utter nightmare, a process littered with incompetents, a complete lack of common sense and infexibility. Had two fall through before I managed to finally get the third one, lucky them really. I was so fed up with being pissed about I just offered asking price as I couldn't be arsed any more.

 

Ended up with a complete renovation job on my hands. Something I really didn't want, but I became fed up of chains I went for a house with no chain. All windows, doors, electrics, walls skimmed, doors and skirting, fire place, kitchen, bathroom. Seriously don't think there is actually anything left in the house the original owners left other than the boiler... and I'm amazed that is still going.

[MPH]

House buying is just an utter nightmare, a process littered with incompetents, a complete lack of common sense and infexibility. Had two fall through before I managed to finally get the third one, lucky them really. I was so fed up with being pissed about I just offered asking price as I couldn't be arsed any more.

 

Ended up with a complete renovation job on my hands. Something I really didn't want, but I became fed up of chains I went for a house with no chain. All windows, doors, electrics, walls skimmed, doors and skirting, fire place, kitchen, bathroom. Seriously don't think there is actually anything left in the house the original owners left other than the boiler... and I'm amazed that is still going.

 

 

that's actually the best way for someone to get on the house market... to buy a fixer upper.. ours does need some updating but it was so under its  value that even some basic updating will mean we could gain a substantial increase when we upgrade..

[MooseBreath]

errr yeah move to another country just because you might get a bigger house for your money.

Nah thanks.

I think it's perfectly reasonable for that to be a factor. Your accommodation has a massive impact on your living standards.

Your anti-emigration stance is very strong. What happened in the USA Ronnie? It's ok, you can tell us. Did they touch you in inappropriate places?

[purpleronnie]

I think it's perfectly reasonable for that to be a factor. Your accommodation has a massive impact on your living standards.

Your anti-emigration stance is very strong. What happened in the USA Ronnie? It's ok, you can tell us. Did they touch you in inappropriate places?

 

I'm not anti-emigration, I just think moving to another country just because house prices might be cheaper is ridiculas.

[Babylon]

 

I'm not anti-emigration, I just think moving to another country just because house prices might be cheaper is ridiculas.

I think he went to move over there, they took one look at the spelling mistakes on his Visa and decided against it!!

 

Sorry Purps.

[purpleronnie]

I think he went to move over there, they took one look at the spelling mistakes on his Visa and decided against it!!

 

Sorry Purps.

 

Isn't that spelt correctly?

[Guest]

I buy most of my houses for cash these days. Saves all that wasted interest stuff.

[Babylon]

Isn't that spelt correctly?

Ridiculous.

[MooseBreath]

I buy most of my houses for cash these days. Saves all that wasted interest stuff.

We're not talking about dolls houses fif you wrinkly little queen

[purpleronnie]

Ridiculous.

 

I'm sure its spelt my way in some weird country.......

[ADK]

If i was PM i'd ban people from buying houses purely to let and start increasing the stocks of council housing instead. Everyone needs a place to live and allowing those with wealth to leech money off the younger generation and those of lesser incomes is so obviously unhelpful to society that i'm surprised none of the main parties have looked at this more seriously.