BigDingus 5:37 Thu Apr 27
Buying a House - Advice Please
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Have been renting since the missus cleaned me out a while back but have come into some money (250k) - which will buy me a bang average house round where I live. So
a) Is a good time to buy right now ?
b) Should I just buy something outright or put the majority down and then get a small mortgage in order to get something better (bearing in mind I'm 55 and don't earn loads
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Replies - In Chronological Order ( Show Newest Messages First)
bruuuno
5:38 Thu Apr 27
Re: Buying a House - Advice Please
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I think you'd be mental to buy a house right now
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Far Cough
5:39 Thu Apr 27
Re: Buying a House - Advice Please
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Piss it all up the wall on coke and hookers and thank me later
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Rossal
5:41 Thu Apr 27
Re: Buying a House - Advice Please
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Look at the thread few days back about how to invest 20k and turn the 250k into half a mil
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Driz
5:41 Thu Apr 27
Re: Buying a House - Advice Please
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House prices are topping out.
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Dr Moose
5:42 Thu Apr 27
Re: Buying a House - Advice Please
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Hold fire till the outcome of the B word negotiations to see what effect it has on house prices, I'm hoping they come down.
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defjam
6:11 Thu Apr 27
Re: Buying a House - Advice Please
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Fuck that.
If i was 55 and had £250k I'd fuck off and travel the world.
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dealcanvey
6:14 Thu Apr 27
Re: Buying a House - Advice Please
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Market definitely flattening out this year and not really moving in any direction. Will they go down though? I doubt it. Forecasts predicted 2017 to be fairly flat whilst increasing again in 2018 & 2019.
Waiting for Brexit negotiations could take anything upto 2 years.
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Gavros
6:15 Thu Apr 27
Re: Buying a House - Advice Please
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I remember talking to a black cabbie who was retiring....had already paid for his beachside villa in the philippines (£20k) and already had a wife and mistress out there. Sounded like a plan to me.
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Raymond Reddington
6:17 Thu Apr 27
Re: Buying a House - Advice Please
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Go to vegas, shove it all on black, then buy a bigger house. Or do what Defjam said.....
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dealcanvey
6:20 Thu Apr 27
Re: Buying a House - Advice Please
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Overall, house prices are always going to increase. If you buy a house now will it be worth more in 2 years? maybe not. Will it be worth more in ten years? Of course it will, quite considerably more. The country is over populated and starved of houses.
Even last year after brexit referendum everyone predicted house prices to fall sharply, but they continued to do the exact opposite.
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Cheezey Bell-End
6:24 Thu Apr 27
Re: Buying a House - Advice Please
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Gavros 6:15 Thu Apr 27
I was going to suggest something similar. Buy a place somewhere cheap and warm and retire.
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defjam
6:27 Thu Apr 27
Re: Buying a House - Advice Please
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Isn't it a bit dodgy to buy abroad?
I was going to buy in Thailand or somewhere but decided to spunk the lot travelling.
Thailand seemed too volatile at the time as i thought it would kick off when the king died.
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BRANDED
6:29 Thu Apr 27
Re: Buying a House - Advice Please
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If you need a house. Find one and buy one.
If you don't use the 250 on sex, drugs and rock n roll.
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Gavros
6:29 Thu Apr 27
Re: Buying a House - Advice Please
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You cant as a foreigner buy in Thailand. You have to marry a local, who can always buy it, divorce you, and walk away.
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defjam
6:31 Thu Apr 27
Re: Buying a House - Advice Please
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Gav - Yeh that's what i thought.
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Gavros
6:36 Thu Apr 27
Re: Buying a House - Advice Please
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its a typical problem, easier to get around in some countries than others.
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Gavros
6:43 Thu Apr 27
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Apparently its pretty easy to buy in Malaysia these days.
http://www.globalpropertyguide.com/Asia
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TCHammer444
6:44 Thu Apr 27
Re: Buying a House - Advice Please
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dealcanvey 6:20 Thu Apr 27
That's the most sensible answer. Buying houses are long term investments, unless you do them up and sell them on.
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J.Riddle
8:10 Thu Apr 27
Re: Buying a House - Advice Please
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Small island large population and growing equals only one thing..
Single bloke no commitments equals go travel.
Buy that house or flat with very small mortgage, rent it and use the income to pay for your travel.
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PwoperNaughtyButNot
8:16 Thu Apr 27
Re: Buying a House - Advice Please
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Use someone else's money at 1.5% to pay for your house or multiple houses and use the bulk of your cash to follow your dreams.
How's your pension pot looking?
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