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candw

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25848 posts
First used 09/01/17

#1
19/10/2017 at 11:31

https://pbs.twimg.com/media/DMfHEiFWsAA90Y6.jpg:large

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essexgull

8100 posts
First used 12/01/17

#2
19/10/2017 at 15:50

There is an important difference between those who are financially vulnerable due to circumstance and those who are financially vulnerable due to bad decision making. The article doesn't differentiate between the two.

For example, it mentions near the end that roughly 17% of homeowners are one payday away from not covering their mortgage... This is dreadful planning and way to live a life. The sensible answer is to sell the property at the current high and either downsize to a cheaper property or to rent and let the landlord take the risk, until savings have been built up to afford to own again. It's just rank stupidity to run a household like this.


ESSEX GULL  

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imperishablehcfc

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#3
19/10/2017 at 17:29

Not fully thought through this one old bean

So they are on a knife edge but can find the money req'd to move?

http://www.telegraph.co.uk/news/shopping- and-consumer-news/11544146/Buying-a-house -You-will-need-an-extra-12000-just-to-mov e.html

I agree it's crazy to live like that but your solution in many cases might not be practical.

They'd be better off trying to improve their earning potential and reduce outgoings further if at all possible rather than take on more cost. In most cases lifestyle factors will be a factor so even if they could finance a loan, they'd prob be in the same situation but a rung down in 1-2 years.


Fuck the short term we will build a 1000 year Hull City Reich 

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essexgull

8100 posts
First used 12/01/17

#4
19/10/2017 at 17:52

Every time I've sold a house, I've paid 95% of costs after the sale has gone through, not before.

12,000 pounds to sell a house? You can do it for £500 online yourself now, plus around a £1k for solicitors fees. All you have to do is make sure it gets on rightmove and zoopla - that's where most people look, the estate agent is secondary and just to open the door for viewings. Worth paying for an agent if your time is valuable or you're targeting a high end market, but if you're brassic, cut out the middleman.


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essexgull

8100 posts
First used 12/01/17

#5
19/10/2017 at 17:53

Buy a house...

My mistake, Peri old bean.



ESSEX GULL  

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imperishablehcfc

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#6
19/10/2017 at 18:11

Presumably you have to both sell and buy, unless you go to renting mkt, Even the you suggested renting till you can go back in, more cost after a period of 'lost' rent.

As I say not quite as simple as you suggest 

Fuck the short term we will build a 1000 year Hull City Reich 

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NationalTiger

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First used 09/01/17

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Hull City

#7
22/10/2017 at 10:52

Quote Quote by essexgull on 19/10/2017 at 17:53
Buy a house...

My mistake, Peri old bean.



ESSEX GULL


He'll have been on the sherry again, imp. 

Now then... 

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