| |
Major Site Upgrade in Progress |
|
Ruby9
Newbie
Joined: 01 Oct 2004
Posts: 21
Cash Points ££ 95.00
|
|
|
 |
|
 |
|
 Posted: Sun Oct 17, 2004 1:53 am Post subject: Sell now and rent whilst waiting for prices to drop |
 |
|
|
 |
|
 |
|
|
|
|
We are thinking of moving out of the area and since House prices are falling or starting to, my thinking is sell the house, put the money in the bank and use part of the interest to rent a house for 1-2 years whilst prices drop and then buy
So what do you think, good idea ? |
|
|
|
|
|
|
|
iceman
Junior Saver
Joined: 30 Jul 2004
Posts: 60
Cash Points ££ 275.20
|
|
|
|
|
|
|
| Posted: Mon Oct 18, 2004 5:42 am Post subject: |
|
|
|
|
|
|
|
|
|
|
Obviously the risk is that house prices don't fall !
In which case you lose twice, i.e. money on rents and rising house prices |
|
|
|
|
|
|
|
ester
Stranger
Joined: 08 Sep 2004
Posts: 11
Cash Points ££ 55.00
|
|
|
|
|
|
|
| Posted: Mon Oct 18, 2004 11:17 am Post subject: |
|
|
|
|
|
|
|
|
|
|
| Actually Ruby would lose once, since the rents covered by interest |
|
|
|
|
|
|
|
bobcat
Beginning Saver
Joined: 23 Sep 2004
Posts: 37
Cash Points ££ 135.00
|
|
|
|
|
|
|
| Posted: Mon Oct 18, 2004 2:06 pm Post subject: |
|
|
|
|
|
|
|
|
|
|
My feeling is that hoping to buy back later at a lower price is taking a big gamble.
Since you need a house to live in, it may be better to ride out the house price fall (if any), then get stuck with being left behind if prices continue rising. |
|
|
|
|
|
|
|
techman
Money Saver
Joined: 08 Sep 2004
Posts: 106
Cash Points ££ 328.00
|
|
|
|
|
|
|
| Posted: Wed Oct 20, 2004 1:22 pm Post subject: |
|
|
|
|
|
|
|
|
|
|
Someone I know did this 2 years ago !
Well they wasted money on rent instead of buying their next property and have lost out big time ! Their original house has doubled in price, whilst the ones they were planning on buying have now totally gone out of their reach. |
|
|
|
|
|
|
 |
Online Finance Tools & Calculators |
 |
| Credit Score Calculator |
Easy to use online Credit Scoring tool - Calculate your credit score now online for FREE ! using the Moneyforums.co.uk credit scoring tool. Also TEN Tips on improving and mainting a good credit rating ! |
|
| Quick Health Calculator |
Easy to use quick health calculator to help you get started on the path to fitness. Calculates your body mass index (BMI). |
|
| "When will I die ?" Calculator |
Calculate when will you die based on your current life style and then more importantly what you can do about extending your lifespan ! |
|
| Mortgage Calculator |
Easy to use online Mortgage calculator tool - Calculate how long it will take to pay off your mortgage and what your monthly repayments will be as well as interest charged per month per each year. |
|
| Savings Calculator |
Use the flexible savings calculator to estimate the amount of interest you would earn given a level of monthly savings, with many optional settings. |
|
| UK Tax Calculator |
Check your tax and NI liability using this easy to use online tool. Outputs, Tax, Ni, Net pay and gross pay on an annual, monthly and weekly basis, also estimates your tax burden and the number of days a year you work for the tax man ! Plus lots of tax saving tips. |
|
|
 |
|
 |
|
Money
Forums Guides |
|
| Credit
Card Stoozing |
The
following guide explains the basics of credit
card stoozing in a step by step basis. |
|
| Discount
Vouchers |
Online
discount vouchers giving upto
50% off in stores such as Dixons,
Tesco, Avon, Currys, Boden and more. Many
of the vouchers are time limited - So check
back regularly |
|
| Money
Saving Guide |
Guide
to saving money on household bills & personal
finances - Start saving thousands of £'s
every year TODAY ! |
|
| Savings
Tree |
A
guide to Savings Accounts, from Cash ISA's to
Regular Savers to Premium Bonds, all explained
in an easy to understand manner. |
|
|
Users
Groups | Profile
| Messages
| FAQ | Sponsers
& Links | Member
list | Recommend this site | Top Money Saving Sitee
© 2004 - 2007 Moneyforums.co.uk / Market Oracle Ltd - Asserts copyright on all topics & posts made on this site. Moneyforums are open forums, and thus posts are NOT endorsed by Moneyforums.co.uk / Market Oracle Ltd . Any and all information provided within the Website is for general information purposes only and nor is or shall be deemed to constitute, financial or other advice. We recommend that independent professional advice is obtained before you purchase any product and/or service. All tools and guides are provided as is for general information purposes only.
|
 |
Website Designed and Mantained by Walsoft.net |
 |
| |
