house buying?

[lORD lUCAN]

Milan (and Dalek Supreme), I have invested in property but the trouble is that it now belongs to someone else with whom I no longer live.

I lost one like that a few years ago, sometimes better to walk away. C'est la vie...

I also agree that the UK is due for correction, part of the reason I'm selling up. I think personally you need to think carefully as to whether your buying to invest, or buying a home. If a correction does come (bearing in mind we currently owe over a trillion in mortgages) as long as you can afford to sit out negative equity you'll be fine. Otherwise the likes of sasguru will be waiting to pick the meat from your bones (the cockroach).

[Lucifer Box]

bearing in mind we currently owe over a trillion in mortgages

Secured against £3trn in assets.

[expat]

Secured against £3trn in assets.

Secured against assets currently valued at £3trn.

[wendigo100]

Secured against £3trn in assets.

That is irrelevant - if you get in trouble with repayments you cannot realise those assets unless you sell up and hit the streets.

[Dundeegeorge]

Whose absolute value is really?

Secured against assets currently valued at £3trn.

Bunch of ******* communists, talking down our economy, why don't you go live in some socialist utopia full of envious petty-minded people. (Scotland)

[expat]

oh.

I am sorry to hear that.

Why don't you continue on the mainland and put some $$
in the bank ? Or is it a case you just want to go back to the
UK ?

Don't worry you don't have to answer this, or discuss your personal
affairs here.

I would suggest, try to delay decisions and not make rush decisions.

Make a five year plan to accumulate some $$$.

Well all the best with everything.

Milan.

Sensible advice. I want to be back in the UK. I've had enough of weekly commutes. I need to invest some income again (the last lot did work well, as far as the arithmetic went) and I also need somewhere to live. I'm not dogmatic about property (rent is money down the drain, but so is interest: or either can be viewed as the price for something you want) but it seems to me that buying the house you live in is a special case. But no, where I want to live now is not where I want to live forever, so the market does matter.

I think the advice is sound. I will rent for a while and accumulate.

[expat]

Bunch of ******* communists, talking down our economy, why don't you go live in some socialist utopia full of envious petty-minded people. (Scotland)

No jobs?

PS forgive me for pointing out that assets are "worth" what they're valued at. I don't think that's particularly communist.

[milanbenes]

Expat,

whatever you do, restrain yourself from making rushed decisions.

Take your time, try not to worry about the future be it financial, social or whatever.

Think about taking the opportunity to work in places you might have been restricted from working in for social reasons.

Try to step back from everything.

Just some thoughts,

Milan.

[lORD lUCAN]

Bunch of ******* communists, talking down our economy, why don't you go live in some socialist utopia full of envious petty-minded people. (Scotland)

Funny that, I'm off to Norway George !!

[Dundeegeorge]

Norway a socialist utopia

Funny that, I'm off to Norway George !!

I'd never have insulted Norway so.........