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  • 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.

  • 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

  • Sorry to be pedantic, but it only matters if your house has lost £15k per year when you come to sell it.

    We're in a similar boat although £20k per year depreciation until the day we sell is our break even point.

    If you plan to live somewhere long-term, then it's not much of a worry.

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