Owning your own home

OH 100%

Yeah just talked with him, he's 100% trust worthy and explained its not reallllly worth it and its expensive (will cost us 25k basically) so going to pass.

Congrats!

Check out the good garden centre near the rail bridge.

Will probably see you in the Sunday market down in Herne Hill.

Are you even in the travelcard zone down where you are, or do you have to get a carnet from RATP?

The only people who can be bothered to argue about north v south London are people who are from neither originally. When you're from Ipswich, you lose the right to call anywhere "awful".

^ harsh but fair.

@Dammit

nice enough, not too spenny, pretty sure you could smash a garage in that garden accessibility willing and not in catfrod.

http://www.rightmove.co.uk/property-for-sale/property-53301492.html

To summarize: mate of mine bought what I thought a dump in Shacklewell Lane for 80k and sold for 400k.

Solid points.

Strong points well made!

I'm looking to move in about 5 years.
#pricedoutofse26

Hey now, Ipswich has many fine qualities. Statistically it must, surely.

Better than Norwich.

We once considered moving to Ipswich. Spent an afternoon there and never went back.

Norwich has all the bacon?

Incorrect.

I spent twenty years there and never went back. I think that probably gives me the expertise and the right to call somewhere awful when I see it.

Still, it was an improvement on Merseyside, where I might have grown up had my father's job not relocated.

Currently our mortgage payment is £500, we pay £950 (which is what it was initially, so we just kept the payment the same). Borrowing £600,000 would cost around £2,300/month, so an uplift for sure but manageable. That would give us £100,000 to spend on an £800,000 house.

£32,500 of which would go on stamp duty, leaving around 60k to renovate, which sounds tight.

What's your view on interest rate risk?

Upstairs neighbours badly plumbed washing machine has just leaked through our roof, damaging the paint and outing the extractor fan.

Presumably they are liable, but how is that enforced? We live in a leasehold block, where the building insurance is provided through the collectively through the management company charge.

In short, I want to go upstairs and notify th of the damage, but what do I say? Ask them to get someone out to repair it? Say we will get someone and bill them? Tell them I will notify the mangement company?

Argh!

What's your view on interest rate risk?

Significant, for sure, but hard to predict what Carney et al would do in a Brexit induced recession - inflationary pressure from a plunging currency would traditionally be countered by hiking interest rates, but that would run counter to the desire to combat the recession (usually, at least).

Realistically I won't make a move until after the general election this autumn, at which point we'll have a better idea of the damage.

sensible.

rationale suggests that we can't go on with negative real rates forever, but as the old adage goes the market can stay irrational for longer than you (ie those betting against) can stay solvent.

The housing market has managed to stay irrational for much longer than anyone thought possible, 20 or 30 years ago.

What drugs are you on?