Home Buying Nightmare

**Rantor** · 19 March 2007, 10:22

Originally posted by sunnysan

Selling my flat in Bethnal Green. Made a nice tidy 40k to use for deposit which allows me to look in the 280k - 300k mark for a new 1 bed in the same area.

Can I find anything? Anything that is still on the market is cr@p and anything worth buying is gone in a morning.

Whats going on here. Gentlemen, the East End is still a dump. WTF is it impossible to even find anything remotely decent for this money.

Spoekn to someone on the 350-400k mark and having exactly the same problems

I dont want to move anywhere where I have to commute but hey, I dont want to live next to mr and mrs Pit Bull breeder either.

Sunny "Ranting" San

Jeezzuuuus - 350-400k for a 1 bed flat in bethnal green!!! I flogged a 1 bed there for 70k in 99 (had it during the nineties slump, desperate to get shot of it) and I was surprised when it was resold for twice that three years later - but 350k is mental.

Apart from us grasping scheisters and city bonus bufoons, does anyone in britain live in a house they could actually afford to buy anymore?

**Rantor** · 19 March 2007, 10:23

Originally posted by sunnysan

Selling my flat in Bethnal Green. Made a nice tidy 40k to use for deposit which allows me to look in the 280k - 300k mark for a new 1 bed in the same area.

Can I find anything? Anything that is still on the market is cr@p and anything worth buying is gone in a morning.

Whats going on here. Gentlemen, the East End is still a dump. WTF is it impossible to even find anything remotely decent for this money.

Spoekn to someone on the 350-400k mark and having exactly the same problems

I dont want to move anywhere where I have to commute but hey, I dont want to live next to mr and mrs Pit Bull breeder either.

Sunny "Ranting" San

Oops, shock of OP made me post twice!

**SallyAnne** · 19 March 2007, 10:23

£280k for a 1 bed flat?!!!

We paid that for our 3 storey, victorian house!

And to be honest, in beautiful Northumberland, you could get acres of land for that!

You London lot are absolutely, utterly, mad barking whoop whoop mental!

**DaveB** · 19 March 2007, 10:23

Originally posted by Rantor

Apart from us grasping scheisters and city bonus bufoons, does anyone in britain live in a house they could actually afford to buy anymore?

Yep, those of us who dont live in the South East are doing so quite nicely thankyou

**Euro-commuter** · 19 March 2007, 10:24

Originally posted by sunnysan

I dont want to move anywhere where I have to commute but hey, [i]I dont want to live next to mr and mrs Pit Bull breeder either.

So find a job close to where you live. The huge rates in the city include a commute/silly house price factor: you take one, you get the other.

**milanbenes** · 19 March 2007, 10:30

yikes !

sunnysan is it really worth it ?

Milan.

**Bagpuss** · 19 March 2007, 10:31

Sunny why don't you look to buy somewhere up the Liverpool Street line, Broxbourne or somewhere, 30 mins into town and 300k will buy you a house.

http://www.propertyfinder.com/cgi-bi...&tm=1174300707

edit: the more I think about it the more I think we are in for a crash. A sh1thole is never really worth 300k even in todays market. Money is cheap, that's all that is fuelling this, as soon as money becomes expensive (which it soon will) , 300k will be a substancial amount of money again.

**BlasterBates** · 19 March 2007, 10:45

Why not rent, it really isn't expensive, and when you compare remember, any interest you pay, is down the drain as rent is. Only the part of your mortgage paying off the property is an investment.

**DimPrawn** · 19 March 2007, 11:16

Doomed!

Or is it Boomed!

tulip, I lose track.

PS, You can get a house in Tower Green in Middlesbrough for £21K. Property is still cheap see.

Home Buying Nightmare