Originally posted by Pondlife
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Previously on "See - you fork over 20% and they just waste it..."
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Originally posted by lukemg View Post'One reader, a recruitment consultant from Leeds, is typical of hundreds of thousands of people, who bought during the boom years. He bought a new flat in a Leeds waterside development for £180,000 in 2005. But, by 2009, he was told the flat was worth between £100,000 and £120,000. He says agents told him it would be at least a decade before he could break even. The flat eventually sold for £120,000 and he is now renting.
He says: ‘The experience has left me quite badly scarred. I will never buy a new- build again, and I am almost sure I won’t get a mortgage again, either. I will save and buy outright or not buy at all'
That is all.
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Originally posted by Pondlife View PostOnly a single man would ever make this statement. You may think that you can live happily in your new pad for then next ten years but I guarantee 'she' won't agree. Take it from me. I have no idea whom 'she' will be but sooner or later (within ten years) you will be posting on here complaining about estate agent's fees.
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Originally posted by Clippy View PostTBH, there needs to either be more cases like this or the existing ones need to be publicised more.
This generation of house buyers are/were under the impression that property prices only ever go up.
Examples like this are a long overdue wake up call.
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Originally posted by OwlHoot View PostSome women wear shirts these days. So you've offended straight shirtlifters now.
[insert wide on smiley]
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Originally posted by lukemg View Post'One reader, a recruitment consultant from Leeds, is typical of hundreds of thousands of people, who bought during the boom years. He bought a new flat in a Leeds waterside development for £180,000 in 2005. But, by 2009, he was told the flat was worth between £100,000 and £120,000. He says agents told him it would be at least a decade before he could break even. The flat eventually sold for £120,000 and he is now renting.
He says: ‘The experience has left me quite badly scarred. I will never buy a new- build again, and I am almost sure I won’t get a mortgage again, either. I will save and buy outright or not buy at all'
This generation of house buyers are/were under the impression that property prices only ever go up.
Examples like this are a long overdue wake up call.
Leave a comment:
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Originally posted by Pondlife View PostOnly a single man would ever make this statement. You may think that you can live happily in your new pad for then next ten years but I guarantee 'she' won't agree. Take it from me. I have no idea whom 'she' will be but sooner or later (within ten years) you will be posting on here complaining about estate agent's fees.Originally posted by AtW View PostShe who must be obeyed...
Just make sure he doesnt sit next to me at a CUK do.
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Originally posted by Pondlife View PostOnly a single man would ever make this statement. You may think that you can live happily in your new pad for then next ten years but I guarantee 'she' won't agree. Take it from me. I have no idea whom 'she' will be but sooner or later (within ten years) you will be posting on here complaining about estate agent's fees.
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Originally posted by AtW View PostI plan to buy flat that I am happy to live in for next 10 years if necessary,.
Only a single man would ever make this statement. You may think that you can live happily in your new pad for then next ten years but I guarantee 'she' won't agree. Take it from me. I have no idea whom 'she' will be but sooner or later (within ten years) you will be posting on here complaining about estate agent's fees.
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It is a bit like buying a contractor. you buy one for £100,000 and take a share of the margin. the bobs come in and rip the heart out of the market and you are lucky to get 10 bob for him
agents should stick to taking a commission and not get into capital expenditure
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Originally posted by AtW View PostI plan to buy flat that I am happy to live in for next 10 years if necessary, given current level of money printing it will be worth £10 mln by then.
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I plan to buy flat that I am happy to live in for next 10 years if necessary, given current level of money printing it will be worth £10 mln by then.
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