Originally posted by chef
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Reply to: Real estate poll
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Previously on "Real estate poll"
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This is covered by the "I rent" option. Alternatively it might be more suitable option to say that you moved in with AndyW.
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WHS. During my first couple of stints abroad I met a couple of folks who had rented their homes out and had them trashed / good furniture replaced with tat. I didn't want to go down that route, plus I had somewhere to live when I returned home.Originally posted by chef View Postwhere's the "my house in the uk is empty 'cause I dont want pikey tennants renting it and messing it up and I currently live in a rented serviced apartment during the week and with the girlfriend at weekends" option???
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This is covered by option "I own the house (morgage paid off)", in the first case for you it will be with mortgage equal to 0, and in the second case property cost will also be 0. The main point there was real ownership, not being up to ones eye(balls) in debt.Originally posted by HairyArsedBloke View PostWhere is the "I own a property and paid cash for it in the first place"
or the "I own a property through inheritance" options?
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Mortgages are fine long term debt - what's not fine is when they result in artificial inflation of house prices and having people "releasing equity" to fund their purchases while getting even more into debt.Originally posted by gingerjedi View PostAtW believes mortgages are evil and people should save £200k before they leave home.
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Where is the "I live in a bedsit in brum and regularly put the 'oooh' in pot noodle" option?
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where's the "my house in the uk is empty 'cause I dont want pikey tennants renting it and messing it up and I currently live in a rented serviced apartment during the week and with the girlfriend at weekends" option???
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AtW believes mortgages are evil and people should save £200k before they leave home.
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The bank owns my house. I pay the mortgage.
SSTC twice in 2007 planning on going into rented for a couple of years to see how the market panned out. After buyers pulling out twice on the sale decided the headache wasn't worth it and decided to stay put for at least the next few years.
Was expecting to see larger falls in property prices than have been seen. Still expect prices to be far less than they are now in a few years - but that depends on how much overtime the printing press will be doing.
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Where is the "I own a property and paid cash for it in the first place"
or the "I own a property through inheritance" options?
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Is this a subject you know much about? I mean buying, selling and making money from property?
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Real estate poll
31I rent25.81%8I sold house and switched to renting12.90%4I sold house and live on streets0.00%0I "own" a house with mortgage to pay25.81%8I own the house (paid off mortgage)29.03%9I live in hotels as a true contractor0.00%0I moved in with AndyW and he pays for everything6.45%2Not very witty, but interesting...
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