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Are you a QOTWer? Do you want to start a thread that isn't a direct answer to the current QOTW? Then this place, gentle poster, is your friend.
( , Sun 1 Apr 2001, 1:00)
Are you a QOTWer? Do you want to start a thread that isn't a direct answer to the current QOTW? Then this place, gentle poster, is your friend.
( , Sun 1 Apr 2001, 1:00)
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it used to work, house prices got out of hand and rents didn't
when i was 18, i bought a 1 bed flat in didsbury as an investment. i paid £42,000 and the mortgage was about £312 a month. my rental income was £560. profit.
5 years later, i sold it to pay for my law degree. i sold it for £101,500. marvellous for me. but priced it totally out of the rental market for anyone who needed a mortgage, as the rents had stayed totally static.
( , Fri 11 May 2012, 14:12, 1 reply, 12 years ago)
when i was 18, i bought a 1 bed flat in didsbury as an investment. i paid £42,000 and the mortgage was about £312 a month. my rental income was £560. profit.
5 years later, i sold it to pay for my law degree. i sold it for £101,500. marvellous for me. but priced it totally out of the rental market for anyone who needed a mortgage, as the rents had stayed totally static.
( , Fri 11 May 2012, 14:12, 1 reply, 12 years ago)
The house I rented before I bought my own 12 years ago
is now back up for rent at 40% higher than it was when I rented it.
In the meantime my monthly mortgage repayments, which started off about 12% lower than the rent I was paying have now dropped to less than half what it would cost to rent that house today.
I think buying was the right option for me.
( , Fri 11 May 2012, 14:26, Reply)
is now back up for rent at 40% higher than it was when I rented it.
In the meantime my monthly mortgage repayments, which started off about 12% lower than the rent I was paying have now dropped to less than half what it would cost to rent that house today.
I think buying was the right option for me.
( , Fri 11 May 2012, 14:26, Reply)
Well, I'm thinking I might have to go into shared accommodation for a while to get my deposit sorted out.
From a house to a flat to a shared house.
I'm doing it wrong.
( , Fri 11 May 2012, 14:42, Reply)
From a house to a flat to a shared house.
I'm doing it wrong.
( , Fri 11 May 2012, 14:42, Reply)
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