tag:blogger.com,1999:blog-6619758432015327397.post7222925880337167647..comments2020-10-28T07:54:34.827+00:00Comments on Live Well on Less: When Should You Buy A House?Matthttp://www.blogger.com/profile/00796452354395711526noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-6619758432015327397.post-28535964185824603752013-02-10T14:44:20.313+00:002013-02-10T14:44:20.313+00:00In my opinion buying is always the best option. Th...In my opinion buying is always the best option. The market will come round sooner or later. Maybe later rather than sooner, but people will always need a place to live. And if you own a home and can rent it out, to said people who always need a place to live, then you will be able to generate cash flow.Samantha@CreditCardShoppehttp://www.creditcardshoppe.com/noreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-22882562878968068352013-02-04T09:06:31.918+00:002013-02-04T09:06:31.918+00:00There's pluses and minuses to both I suppose.
...There's pluses and minuses to both I suppose.<br />When renting you can move whenever you want to as there's no real ties, but then on the other hand, you can't do what you like to the house. It's not like you could knock a wall through, or take down the conservatory if you didn;t like it!Matthttps://www.blogger.com/profile/00796452354395711526noreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-20272015111089326892013-02-03T04:04:33.925+00:002013-02-03T04:04:33.925+00:00I am 32 years old and I rent and I love it. I hav...I am 32 years old and I rent and I love it. I have thought about buying a house and in the last three years I have made two offers but I couldn't just never go through with it. I love the freedom and no responsibility lifestyle of renting. Kristinahttp://www.dinksfinance.comnoreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-33751935297029328512013-01-21T08:34:03.612+00:002013-01-21T08:34:03.612+00:00And with owners being so stubborn about selling pr...And with owners being so stubborn about selling prices, you'll almost certainly recoup your initial investment if/when you do sell.Matthttps://www.blogger.com/profile/00796452354395711526noreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-77642538891627825442013-01-19T21:13:48.668+00:002013-01-19T21:13:48.668+00:00I bought in the UK in 2007 and the house has a pos...I bought in the UK in 2007 and the house has a positive rental cash flow, which prevents me from worrying about whether I bought it cheap or expensive. If you can live in a house where your mortgage would be less than your rent then you should buy. At first I was hoping for foreclosure prices like you would see in the US but in such a small and quite populated country you can't fall that low.Paulinehttp://reachfinancialindependence.comnoreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-40044156515505822412013-01-18T09:07:24.819+00:002013-01-18T09:07:24.819+00:00On balance, I think I'd agree with you. It'...On balance, I think I'd agree with you. It's much easier to make a good decision and avoid a bad one, when you can tell which way the wind's blowing.Matthttps://www.blogger.com/profile/00796452354395711526noreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-19995119621911702102013-01-17T23:26:50.165+00:002013-01-17T23:26:50.165+00:00Thanks for the mention Matt! I'd be staying we...Thanks for the mention Matt! I'd be staying well out of it for the moment. In my eyes there are too many uncertainties and economic headwinds to be able to make a decision as big as home ownership. If someone does still want to buy I'd fix in for at least 5 years, who knows where mortgage rates (Not BofE rates) will be in two years time. Money Bulldoghttp://moneybulldog.co.uknoreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-92108454208819470892013-01-16T22:09:55.595+00:002013-01-16T22:09:55.595+00:00I know it sounds completely mad, but it's true...I know it sounds completely mad, but it's true - http://www.guardian.co.uk/uk/2011/jan/11/1910-london-property-prices-put-online "Ancestry.co.uk estimates that property values have risen by 3,000% in a century." and there's plenty more articles you can easily find with a quick google search, hence my confusion over how it can possibly continue like this, but still does! It's no wonder so many of our pensioners sell up and emigrate to europe. Property's cheaper, you still get your state pension, which probably goes a very long way with the euro in crisis and the british pound still firm, and of course there's much better weather.Matthttps://www.blogger.com/profile/00796452354395711526noreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-1051837333295493352013-01-16T17:50:21.632+00:002013-01-16T17:50:21.632+00:008% a year?? That's crazy! I think it still rea...8% a year?? That's crazy! I think it still really comes down to your personal situation and what's best for you from a financial and long term perspective.John S @ Frugal Ruleshttp://www.frugalrules.comnoreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-52010766555996907482013-01-16T15:58:33.661+00:002013-01-16T15:58:33.661+00:00I'd agree with just about all of that apart fr...I'd agree with just about all of that apart from the "well populated" area, but then again, compared with Canada, everywhere is populated in the UK - they say you're never more than 10 miles from the nearest pub, and in my experience that's pretty much true.Matthttps://www.blogger.com/profile/00796452354395711526noreply@blogger.comtag:blogger.com,1999:blog-6619758432015327397.post-81009183312611026702013-01-16T13:18:13.143+00:002013-01-16T13:18:13.143+00:00Blimey 8% a year is a better return than the stock...Blimey 8% a year is a better return than the stock market once you consider how most real estate investments are leveraged. Interest rates can't go up too fast because the UK central bank won't risk a real estate collapse. If someone is worried they won't be able to finance their mortgage anymore 10 years from now if we see double digit rates again, all they have to do is hedge against that interest risk. Inflation decreases the value of money which makes the mortgage easier to pay back anyway, because the balance of any debt owed (in real terms) is worth less. Besides, a mortgage is just a temporary liability because eventually it would be paid off, whereas renting is a PERPETUAL expense that tend to increase over a person's entire lifetime, and the only way to stop it is to buy a home lol, or kick the bucket. I think if someone doesn't have a house, and they plan to live in that country for the next 10 years or so, then they should buy in a well populated area. It's hard to time the housing market but the earlier one gets in the better one will be generally speaking. Thanks for the mention.Liquidhttp://www.freedomthirtyfiveblog.comnoreply@blogger.com