Cover me in debt, debt to the eyeballs (or advice on buying a shoebox in England)

[Solly]

Don't both getting into 4 times your salary of debt... rent with just 15% of your income

[VetLegion]

Here (Croatia) flats are normally 10 times salary. What people do is buy a flat only when they pair up for real. Then one salary is used almost entirely to pay off the apartment, while the couple lives off the other one for years.

[Bugs ****ing Bunny]

Originally posted by Doddler
Don't both getting into 4 times your salary of debt... rent with just 15% of your income

Miss out on rising property values.

[Solly]

Originally posted by Lazarus and the Gimp


Miss out on rising property values.

Not buying at the market peak

[Bugs ****ing Bunny]

We've got a chronic housing shortage and low interest rates. Thinking back to your economics studies and the rules of supply and demand, when do you think the peak will be reached?

[Arrian]

Next time I feel like whining about the housing market here, I'll try to remember this thread. Yeesh.

-Arrian

[Drake Tungsten]

when do you think the peak will be reached?

When enough people have emigrated to Ireland?

[Provost Harrison]

I think it is about time they sorted out building more damn properties around the south east, sod the whingers...

[Bugs ****ing Bunny]

Property prices are rising faster over the Irish Sea than they are here. Anyway, there's a net influx of migrants to Britain.

[Drake Tungsten]

Property prices are rising faster over the Irish Sea than they are here.

Damn, you guys are well and truly ****ed.

[Arrian]

They could move to France, I guess...



-Arrian

[Bugs ****ing Bunny]

Originally posted by Provost Harrison
I think it is about time they sorted out building more damn properties around the south east, sod the whingers...

Why bother building? There are over 800,000 habitable-yet-empty houses in Britain. All it would take is a spot of forward-thinking legislation, and the housing problem will be (largely) solved.

[Bugs ****ing Bunny]

Originally posted by Drake Tungsten

Property prices are rising faster over the Irish Sea than they are here.

Damn, you guys are well and truly ****ed.

The youngsters are. Me? I bought at 24, and I've got equity of £200,000 in my house. There are winners as well as losers in this game.

[Provost Harrison]

Actually I do admit that is a real annoyance of mine. I see how many empty and seemingly abandoned properties there are around London and that they could be used far more effectively...the other problem is that some of the projects they are building on brownfield land (especially around the Thames Gateway) are pretty revolting and have very little in the way of decent public transport connections (they have found places to throw up houses but have given scant consideration to transportation needs).

[Arrian]

Originally posted by Lazarus and the Gimp


Why bother building? There are over 800,000 habitable-yet-empty houses in Britain. All it would take is a spot of forward-thinking legislation, and the housing problem will be (largely) solved.

What's keeping them unoccupied?

-Arrian