Met up with the landlord today, turns out the agents decided to bump up the prices they passed on to him and now we are talking £475-525k range. Mind you place is only 60sqm, so absolutely crazy money.
Looks like renting it is...
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Reply to: Short term (~2yrs) buy or rent?
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Previously on "Short term (~2yrs) buy or rent?"
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Governments have shown time and again they will support the housing market. It’s a no brained for me. Buy always especially if this your first residential property
inflation will help a lot and low mortgage rates lever the return
it can always be a rental if you need to move and you can always go back in ten years time when you need it
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Originally posted by d000hg View PostSo you're in no place to dispute then are you?
I have not been to Poland. Neither have I visited Afghanistan or North Korea.
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Originally posted by dsc View Post
When's the last time you've been to Eastern Europe and / or Poland?
I've lived in Lincoln for 3 years and had enough, so not planning to move there any time soon, thank you very much. There's a reason why it's cheap...
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Originally posted by eek View Post
Bleak?
There is a reason why Yorkshire is called God's own County and it's not just because they are arrogant.
In fact if the OP wants to buy a house one of the cottages in the iconic hovis advert is up for sale. Can't get much more Yorkshire than that.
https://metro.co.uk/2021/10/05/iconi...0000-15368376/
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Originally posted by d000hg View Post
That's not perpetuating the meme though Many of our small towns do look like something out of Eastern Europe these days though. Luckily Boris is going to fix it.
Justin is by all accounts a fine fellow though I've not met him myself. Never knew he was an ex-Johnian like myself.
I've lived in Lincoln for 3 years and had enough, so not planning to move there any time soon, thank you very much. There's a reason why it's cheap...
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Originally posted by eek View Post
And the counter point in that would be Justin Welby former Bishop of Durham and student at St Johns, Durham when I would have been there (went to Kings College instead).
Justin is by all accounts a fine fellow though I've not met him myself. Never knew he was an ex-Johnian like myself.
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Originally posted by d000hg View Post
I meant economically. Also joking: https://www.bbc.co.uk/news/uk-politics-23505723
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Originally posted by eek View Post
Bleak?
There is a reason why Yorkshire is called God's own County and it's not just because they are arrogant.
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Originally posted by d000hg View PostAlthough embarking on a major extension when you set out looking to have a low-hassle living space for 2 years max might be an odd choice... otherwise 100% agree with Eek.
If space for all your stuff is an issue then the fact you plan to move country might be a silver lining - good opportunity to properly clear out so you can live in the smaller space and make moving much easier later?
Say a 5 bed house is worth £800,000 and the work will cost £150,000. Chances are you will be able to add £100,000 to the sale price just for doing a simple pick of leg work.
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