Owning your own home

You are reading a single comment by @NickCJ and its replies. Click here to read the full conversation.

•

Mr_Smyth

i have been in a lot of location houses, what always amazed me was that the owners could be bothered with the hassle of having a crew taking over the house for a day all for £600-£1200 when the house is 1-4million.
the houses were nearly always ‘posh’ and expensively furnished/fitted out.

i assumed it was so they can drop “we had Idris Elba in the other day” at their next dinner party.

•

NickCJ in reply to @Mr_Smyth

I don't know, some people seem to run their finances shockingly close to the edge. Your £2 mm house occupant might have £200k of equity and the thick end of £10k in monthly mortgage payments against volatile income. Defeasing a grand of that in a bad month could be quite welcome.

•

Tenderloin in reply to @NickCJ

Really? Christ, a mortgage that size would terrify me
•

chrisbmx116 in reply to @NickCJ

Very unlikely. Can’t imagine many peoples first house is a 2 mil family house. Daddy would have bought them a flat in Hackney first with cash for 500 which is now 750.

About

Avatar for NickCJ @NickCJ started