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As I'm guilty of being a first time buyer that's just paid a ridiculous price for a Clapton flat, what were our options otherwise?
Should we have continued to rent our tiny flat for more money than i'll be paying as a mortgage? That's just putting even more cash into the pockets of people that bought 10 years ago, have moved out of the city but hung onto properties as they've been a surefire way to generate wealth. I just want a home to live in and as long as the house doesn't depreciate by ~£15k a year we're likely to be better off for it
really? 650sqft for nearly half a mil sounds like an expensive prison cell to me. FTBers really need to stop buying property so this here bubble can hurry up and burst.