Expensive day... I just bought...

MattB · Post by **MattB** » Thu Feb 12, 2004 4:53 pm

A HOUSE!!!!

What have I let myself in for?!?!!

Post by **Lyndon** » Thu Feb 12, 2004 6:46 pm

lots of happy pennyless times

Derek · Post by **Derek** » Thu Feb 12, 2004 10:47 pm

good move - best thing i ever done.

living at home was good i guess for Â£25 per week

but buying a house was best thing i ever done - can't see the point in paying rent as it's just throwing money away. at least buying a place is an investment - unless the prices drop

Mr_AWOL · Post by **Mr_AWOL** » Fri Feb 13, 2004 1:23 am

I should be covered even if they do. Like derek said its pointless throwing money away in rent!

My first place i made Â£20,000 in 3 years (17k profit after legal/estate agents fees etc)

My current house i have had since July 2002, and its was valued last October at Â£57,000 more than i paid for it

Hopefully even if they do fall (10-20% drop is almost guaranteed in the next few years) i should be in profit. and, of course, they will always go back up again anyway!

charlieannear · Post by **charlieannear** » Fri Feb 13, 2004 10:56 am

Best thing you can do, def.

I love the feeling when step in through the door after work and close it behind me, shutting everything out. Without fear of a bloody landlord/parent appearing unexpectedly and moaning about what I've done with the place.

And it gives you an excuse (as if a man needs an excuse) to buy tools.

We bought our place in 1999 for Â£80K and now the houses in our road are going for Â£160k. Smashing.

MattB · Post by **MattB** » Fri Feb 13, 2004 1:22 pm

Cheers for the good words. I've even got a stone outhouse so I can sit in there with my hammer & drill and make things!!!

Dangerpowers · Post by **Dangerpowers** » Fri Feb 13, 2004 2:02 pm

Even if the housing market dropped hard it still recovers and becomes a good investment.