Robertio

iTrader: (1)

Money? what's that?

I had to sell the scooby a few months back, before the amount I owed due to running the thing was greater than its resale value. Still, if I get a decent bonus in the summer I might just have enough money to pay back the rest of the house deposit by Autumn, then its just another 26 years to pay off the mortgage...

On the credit card front my limit is now up to over £21k thankfully there is near enough nothing on it at the moment.

D8UGF

Dont mean to offend anyone peeps, but surely the
reason that no-one can afford houses down south
is the current owners greed in trying to make a
quick buck from their property. As Imlach said
earlier we are seeing it happen in Edinburgh due
to people trying to make money from the establishment
of the parliament there. Maybe some sort of reality
check about the real worth of your properties would
help ease the situation, as all that seems to happen is
that there is boom-bust situations occuring when people
have to financially stretch themselves to buy a property and
when times turn bad find themselves with a mortgage the size
of an elephant with a property worth less than is owed on it.

Damn, hope there isnt a sudden influx of u foreigners up
here selling two bedroom semis to buy a castle
and a fleet of P1's and... and ....

Ps I do sympathise with folks not being able to find places
that are priced realistically as it must be a **** situation
to be in.
Dougie.

johnfelstead

the big problem is that there are more people looking for property darn sarth than there is houses available, this is as a result of the decline in house building, especially by the councils who used to offer afordable property.

This is a MAJOR problem for people like police and nurses in the south, who have limited incomes yet have to pay masive amounts for housing.

I would never live darn sarth, you have to be off you rocker to put up with the traffic and pay what you do. They would have to pay me tripple for it to make sense economically!

The north west rulze!!!!!! But you southerners stay darn there please.

NICKBG

I know someone who bought a house 7 years ago for about 350K and know its worth 950K ! now that is waht you call a killing in 7 years ! thats better investment than a pension.

I too feel sorry for 1st time buyers as it is so difficult to get on the ladder now. I have made 55K in a year on my property - and yes i am over the moon.

Nick