Audrey
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?Absolute Calamity!?
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« on: Saturday, December 3, 2022, 11:55:14 » |
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Anyone got personal experience?
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Batch
Not a Batch
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« Reply #1 on: Saturday, December 3, 2022, 12:05:24 » |
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houses I assume.
A mate did it, but I don't know much other than he's paid off his mortgage side and now it's left with the rent side.
any specific questions?
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Wobbly Bob
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« Reply #2 on: Saturday, December 3, 2022, 12:15:49 » |
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Audrey might also be referring to shares in a race horse but we'll find out soon enough.
Too much information is not a bad thing.
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My mind it ain't so open
That anything could crawl right in
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Audrey
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?Absolute Calamity!?
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« Reply #3 on: Saturday, December 3, 2022, 12:20:23 » |
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Sorry. Should have been more specific.
Houses. A quick perusal seems they are overpriced compared to nearby equivalent houses, but they do have their attraction.
We could pay outright for a, say, 60% share but that would be it. It’d be a renting commitment for the remaining 40% that we’d be stuck with. Plus, is a share of a house easy to sell if needs be?
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tans
You spin me right round baby right round
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« Reply #4 on: Saturday, December 3, 2022, 13:42:52 » |
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You can buy more percentage later on, my sister did that until they owned it 100%
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Audrey
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?Absolute Calamity!?
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« Reply #5 on: Saturday, December 3, 2022, 13:46:09 » |
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Tbh, once we bought 60% that’d be it.
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4D
That was definately my last game, honest
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I can't bear it 🙄
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« Reply #6 on: Saturday, December 3, 2022, 13:50:00 » |
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Can't you just buy a cheaper house outright?
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Audrey
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?Absolute Calamity!?
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« Reply #7 on: Saturday, December 3, 2022, 13:53:42 » |
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Cheaper house? You’re kidding, right?
We’re both retired now so income is fairly limited. Obviously no chance - or want - of a mortgage.
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mystical_goat
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« Reply #8 on: Saturday, December 3, 2022, 13:55:13 » |
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Much more difficult to sell on, if that's a concern.
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Audrey
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?Absolute Calamity!?
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« Reply #9 on: Saturday, December 3, 2022, 13:57:59 » |
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That’s not such a problem for us as I’d hope it’d be our final move.
The boy and his family can sort that one out!
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Jimmy Quinn
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The future is orange
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« Reply #10 on: Saturday, December 3, 2022, 14:33:40 » |
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It has to be a better option than renting plus you will hopefully make money on your investment.
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Bennett
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« Reply #11 on: Saturday, December 3, 2022, 15:34:14 » |
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I had a shared ownership flat in Swindon. It was alright initially but the housing association didn't know their arse from the elbow with nearly any question I asked of them. The monthly fee I paid to them for their management of the property kept going up. I shouldn't imagine that'd be the case with a house, but might be worthwhile clarifying if that's a static fee or likely to shift about and what the HA are on the hook for
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This is the water.
And this is the well.
Drink full and descend.
The horse is the white of the eyes and dark within.
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Steak supper
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« Reply #12 on: Saturday, December 3, 2022, 15:42:46 » |
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I think that houses can also have fees for the costs of managing the estate
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