How much is your hoose

[hk blues]

16 minutes ago, throbber said:

Well thats great then, I didn't know how the banks dealt with it and assumed they benefited from the enhanced sale price.

Indirectly they do benefit, because the buyer will likely need a mortgage and the amount loaned will be higher. And the seller will have more to spend on the new property and likely will stretch themselves and borrow more.

Banking must be the simplest business going, lend money at a higher rate than it's borrowed at. 

[ICTJohnboy]

54 minutes ago, whiskychimp said:

.

Anyway, my pad in Shepherds Bush is about 550k and my missus has a 200k flat in some shitty part of east London. Jointly we own a wee pad in Glasgow worth about 120k. 

 

 

Are you drugs dealers?

[Granny Danger]

3 hours ago, whiskychimp said:

Depends what you're doing. Generally it doesn't. 

If you sell your house that's gone up by 20%, and you buy a more expensive house that has gone up by the same..... You lose.

If you downsize you win.

 

Anyway, my pad in Shepherds Bush is about 550k and my missus has a 200k flat in some shitty part of east London. Jointly we own a wee pad in Glasgow worth about 120k. 

 

I have never understood how folks with "normal" jobs can afford to live in London.  Everything else aside the house prices are batshit crazy.

I suppose buying cheap if the opportunity arises will work for some folk but there must be hundreds of thousands more not so lucky.

 

[Ross.]

I have a flat in Clydebank that I paid peanuts for and it's still worth peanuts, but it pays for itself very well and I have no intention of selling up any time soon. Me and her have started putting together a deposit to buy somewhere over here. Sitting with around 80k saved up but will need around double that before we can even think of getting a mortgage on somewhere half decent here.

[Ross.]

27 minutes ago, Granny Danger said:

I have never understood how folks with "normal" jobs can afford to live in London.  Everything else aside the house prices are batshit crazy.

I know quite a few folk who have moved down there for work. Almost all of them still live in a house or flat that they share with several folk they had never met previously, as it's the only way to afford a roof over their head while avoiding a mammoth journey to work every day. Paying upwards of a grand a month for a double bedroom and a shared kitchen and bathroom is a sign of mental illness if you ask me.

[Hillonearth]

4 minutes ago, Ross. said:

I know quite a few folk who have moved down there for work. Almost all of them still live in a house or flat that they share with several folk they had never met previously, as it's the only way to afford a roof over their head while avoiding a mammoth journey to work every day. Paying upwards of a grand a month for a double bedroom and a shared kitchen and bathroom is a sign of mental illness if you ask me.

I remember talking to someone working in London that commuted in every day from somewhere mental like Lincolnshire, and apparently was far from unusual in doing so.

We're so used to short commutes here that if somebody travels in from somewhere like Helensburgh or Troon we think they've got a hike in every morning.

[whiskychimp]

3 hours ago, ICTJohnboy said:

 

Are you drugs dealers?

What do you want?

52 minutes ago, Granny Danger said:

I have never understood how folks with "normal" jobs can afford to live in London.  Everything else aside the house prices are batshit crazy.

I suppose buying cheap if the opportunity arises will work for some folk but there must be hundreds of thousands more not so lucky.

 

I bought for £220k with a deposit from a flat I sold in Killie. I could not afford to live here if I was buying now.

Missus got a Right to Buy before we met. 160k flat for 80k. I hate that policy but it's made us richer

With the rent from that it covers a place in Glasgow.

No doubt we're very lucky. If it had went another way we could be paying more to rent one place than we are on mortgages for 3.

[Ross.]

15 minutes ago, Hillonearth said:

I remember talking to someone working in London that commuted in every day from somewhere mental like Lincolnshire, and apparently was far from unusual in doing so.

We're so used to short commutes here that if somebody travels in from somewhere like Helensburgh or Troon we think they've got a hike in every morning.

Takes me an hour each way to get to and from work. I don't really do it through choice, as the alternative would be spending treble the money for somewhere half the size in the middle of Zürich(Still 30 minutes from work) or double the money with absolutely f**k all for miles around to stay in Zug, where I work. I used to work with folk who done Helensburgh to Glasgow on a daily basis and I thought they were mental. I still think that, but that's only because I know Helensburgh.

[Granny Danger]

13 minutes ago, Ross. said:

Takes me an hour each way to get to and from work. I don't really do it through choice, as the alternative would be spending treble the money for somewhere half the size in the middle of Zürich(Still 30 minutes from work) or double the money with absolutely f**k all for miles around to stay in Zug, where I work. I used to work with folk who done Helensburgh to Glasgow on a daily basis and I thought they were mental. I still think that, but that's only because I know Helensburgh.

I may be off the mark here, but isn't Switzerland a terrible place socio-politically?  The few things I've read suggest a very male-dominated, upper-class militarily/socially elite.  Also awasn't it one of the last 'Westernised' places to give women the vote.

I know this has nothing to do with houses.

[ICTJohnboy]

22 minutes ago, whiskychimp said:

What do you want?

I bought for £220k with a deposit from a flat I sold in Killie. I could not afford to live here if I was buying now.

Missus got a Right to Buy before we met. 160k flat for 80k. I hate that policy but it's made us richer

With the rent from that it covers a place in Glasgow.

No doubt we're very lucky. If it had went another way we could be paying more to rent one place than we are on mortgages for 3.

 

London prices are certainly OTT, but it is probably the only place in the UK where you can actually buy a property and rest assured you won't lose money on it.

[LondonHMFC]

48 minutes ago, Hillonearth said:

I remember talking to someone working in London that commuted in every day from somewhere mental like Lincolnshire, and apparently was far from unusual in doing so.

We're so used to short commutes here that if somebody travels in from somewhere like Helensburgh or Troon we think they've got a hike in every morning.

When working in Camden for a short stint, our office of eight had three people from Milton Keynes, one from Northampton, one from Birmingham. The other three including myself were all in Kent. 

[Boghead ranter]

33 minutes ago, Ross. said:

Takes me an hour each way to get to and from work. I don't really do it through choice, as the alternative would be spending treble the money for somewhere half the size in the middle of Zürich(Still 30 minutes from work) or double the money with absolutely f**k all for miles around to stay in Zug, where I work. I used to work with folk who done Helensburgh to Glasgow on a daily basis and I thought they were mental. I still think that, but that's only because I know Helensburgh.

If you know Helensburgh, then you know that getting out of it for 10 hours or so, five days a week, is a blessing.  Even if you do have to sit on a Scotrail train to Queen street to do it.

[Ross.]

Just now, Granny Danger said:

I may be off the mark here, but isn't Switzerland a terrible place socio-politically?  The few things I've read suggest a very male-dominated, upper-class militarily/socially elite.  Also awasn't it one of the last 'Westernised' places to give women the vote.

I know this has nothing to do with houses.

Switzerland is massively contradictory in so many ways it is difficult to label it with anything approaching accuracy.

Women got  the vote at different points depending on which Canton they stay in and what the vote itself related to. I think for national issues it was the early 70's, though in one of the goat fucking regions it was 1991.

The national bank(Which is a fully independent, privately owned company) tends to be quite conservative policy wise and that attitude is fairly common when it comes to personal finances. I know plenty of Swiss who have 6 figure savings account balances but will complain of being skint when on a night out. They save every spare penny and spend as little as they can get away with otherwise, seeing any avoidable outgoing as wasted cash.

Politically I would say they are now fairly left wing socially but conservative economically. They also still seem to vote in large numbers for the various "Christian" parties of all colours.. The voting system over here is mixture of PR, STV, additional and alternative member systems on the electoral votes which means a lot of people can vote Green, Socialist and Christian Conservative at the same time without so much as a second thought to the contradiction.

They have a system of direct democracy that means if someone proposes a law and gets 100k signatures supporting it, they can put it to a national referendum on a yes/no basis, but at the same time almost exclusively prevent anyone who is not a Swiss national or passport holder from participating in any of their many many elections and referendums, and that is a lot of people(around 2m of the 8m population will never be eligible to vote as the law stands).

The class system here really isn't prevalent to anything like the same extent as it is in the UK. Almost everyone outside of the asylum seekers and criminal fraternity would be considered middle class by our standards, with even those on a relatively low income enjoying a better standard of living than most in the UK.

It's all over the place to be perfectly honest.

[Ross.]

11 minutes ago, Boghead ranter said:

If you know Helensburgh, then you know that getting out of it for 10 hours or so, five days a week, is a blessing.  Even if you do have to sit on a Scotrail train to Queen street to do it.

It was more the "Going back" part of the journey that perplexed me.

[Granny Danger]

4 hours ago, Ross. said:

Switzerland is massively contradictory in so many ways it is difficult to label it with anything approaching accuracy.

Women got  the vote at different points depending on which Canton they stay in and what the vote itself related to. I think for national issues it was the early 70's, though in one of the goat fucking regions it was 1991.

The national bank(Which is a fully independent, privately owned company) tends to be quite conservative policy wise and that attitude is fairly common when it comes to personal finances. I know plenty of Swiss who have 6 figure savings account balances but will complain of being skint when on a night out. They save every spare penny and spend as little as they can get away with otherwise, seeing any avoidable outgoing as wasted cash.

Politically I would say they are now fairly left wing socially but conservative economically. They also still seem to vote in large numbers for the various "Christian" parties of all colours.. The voting system over here is mixture of PR, STV, additional and alternative member systems on the electoral votes which means a lot of people can vote Green, Socialist and Christian Conservative at the same time without so much as a second thought to the contradiction.

They have a system of direct democracy that means if someone proposes a law and gets 100k signatures supporting it, they can put it to a national referendum on a yes/no basis, but at the same time almost exclusively prevent anyone who is not a Swiss national or passport holder from participating in any of their many many elections and referendums, and that is a lot of people(around 2m of the 8m population will never be eligible to vote as the law stands).

The class system here really isn't prevalent to anything like the same extent as it is in the UK. Almost everyone outside of the asylum seekers and criminal fraternity would be considered middle class by our standards, with even those on a relatively low income enjoying a better standard of living than most in the UK.

It's all over the place to be perfectly honest.

Thanks for that take, it's pretty interesting.

Do they still have military service?  Again I recall reading that the folks who held senior positions in the military reserve were the same folk running the banks; but that's going back 30-40 years so may no longer be relevant.

[invergowrie arab]

31 minutes ago, Granny Danger said:

Thanks for that take, it's pretty interesting.

Do they still have military service?  Again I recall reading that the folks who held senior positions in the military reserve were the same folk running the banks; but that's going back 30-40 years so may no longer be relevant.

Never  mind that, do they still have the goat fucking?

[Granny Danger]

6 minutes ago, invergowrie arab said:

Never  mind that, do they still have the goat fucking?

^^^ Looking for twinning options for Invergowrie.

[welshbairn]

Heard everyone who did military service has to have a gun at home, but they're not allowed ammunition until it kicks off. Also that you can be jailed for doing your washing after 10pm or not cutting your grass enough.

[Carl Cort's Hamstring]

7 hours ago, Granny Danger said:

I have never understood how folks with "normal" jobs can afford to live in London.  Everything else aside the house prices are batshit crazy.

I suppose buying cheap if the opportunity arises will work for some folk but there must be hundreds of thousands more not so lucky.

 

Rent is doable if you live in a house-share or with a partner. You'd have to be minted to rent anything within 15-20 miles of central London on your own though.

A lot of it is pot luck in getting on the ladder at the right time. We rent a 2 bed flat by the Thames in Woolwich (30 mins from central London. Not the nicest area, but not the worst either) for £1300 a month. Three or four years ago it would have cost ~£250,000 to buy, which is just about within our reach, but now Crossrail is coming to the area that's been pushed up to closer to £350,000. It's completely insane.

My parents bought the family home (3 bed semi) in 1993 for £75,000. It's right on the very edge of London, but 10 minutes walk to the station, and then 25 minutes by train to the city. Last year the next door neighbours sold up for £400,000.

I've been trying to convince Mrs CCH that our future should be outside Londn, but she's just landed a good job at the Royal Opera House so I can't see us going anywhere anytime soon.

[Donathan]

I live in Tooting Broadway (South-West London, zone 3) with my mate and we pay £750 a month rent each, excluding bills. The house itself is valued at around £450k I believe.

 

Both of us are earning around £30k so we can afford this rent as part of our monthly budget.