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View Full Version : Buy a house in the valleys or rent a luxury flat?


MOBIUS
28-06-2005, 19:31:02
House in the Valleys: No mortgage - bought outright, extremely working class, half an hour from town by car or train, SPECTACULAR SCENERY!!!

Luxury flat: Right in the middle of town - cinema, pubs, clubs, restaurants all literally across the road! Spectacular views of town, cheap bills, secure parking and lock up for my mountain bike, brand new - all mod cons...

That is my choice - what would you do?:)

Japher
28-06-2005, 19:36:57
Valleys, but then I have no need for excitement... I am boring.

Lurker the Second
28-06-2005, 19:41:52
Somewhere in between with a mortgage.

Cruddy
28-06-2005, 20:17:24
Buy yes - if you can't, rent.

EDIT: This assumes you are a choosy buyer. Do you know shit from shenola?

Beta1
28-06-2005, 20:19:05
get a small mortgage and buy something even nicer in the valleys.

The Norks
28-06-2005, 21:33:00
valleys- there must be nothing like knowing you own a property outright.

we live in a 'very working class' area, and its a real sense of community unlike the twatty middle class areas I've lived where I didnt even know my neighbours

nice to be away from town too- no drunks pissing on your front door

Provost Harrison
28-06-2005, 23:17:43
Go out in the sticks...I am in a compromise myself - I am not out in the middle of Kent yet not in the middle of London either - I am just in the suburbs (Zone 4). You could compromise too. The problem though with these trendy flats is they are so fucking pokey!

MOBIUS
28-06-2005, 23:21:16
OK how about:

http://www.freespiritimages.com/images/gallery/south_wales/05_WattsvilleRhondda.jpg
The Valleys

Or...


http://skyscraperpage.com/gallery/data/807/72altolusso3.jpg
Luxury flat in Cardiff.

Provost Harrison
28-06-2005, 23:22:22
The top one looks like a coalmining ghetto :p

The Norks
28-06-2005, 23:22:33
I miss Cardiff :(

The Norks
28-06-2005, 23:23:38
Originally posted by Provost Harrison
The top one looks like a coalmining ghetto :p

well duh!

the thing is tho the crime rate is zero because everyone knows everyone. All my valley friends left their front doors and cars open, and the houses were massive

Provost Harrison
28-06-2005, 23:25:41
Yeah, the size is the other side of the argument...I remember looking at flats vs houses and although the price wasn't significantly different, the size was. Some of those flats are seriously pokey!

MOBIUS
28-06-2005, 23:34:53
Coalmining ghetto is the trade-off...:D

However for c.40000 on auction you can decent sized 3br properties in reasonable condition.

The prob I've seen with the flats is indeed the size (note the current 'craze' for trendy open plan kitchen and living rooms) - but then they are comparable to where I'm living anyway...

protein
28-06-2005, 23:40:47
Are you a flat cap wearing miserable old man or a cool, hip young guy?

Provost Harrison
28-06-2005, 23:48:20
I hate the more modern-built properties, they are so cramped...

Provost Harrison
28-06-2005, 23:49:26
You could always move back to London MOBIUS. You know you crave it :cute:

MOBIUS
28-06-2005, 23:57:18
Originally posted by protein
Are you a flat cap wearing miserable old man or a cool, hip young guy?

I'm a cool hip old man...:)

And no, about the last thing I am craving right now is a move back to London - I am not about to bore you with all the cool stuff I've done lately that would be impossible to do living in London, or at least extremely difficult...;)

Provost Harrison
29-06-2005, 00:01:12
Yeah, yeah, yeah, whatever. It's only because you're a student :p

jsorense
29-06-2005, 00:18:08
Buy now. Sell later. Buy again. Repeat until you own London.
:beer:
Great advice at no charge.

Provost Harrison
29-06-2005, 00:22:15
How much does it cost to rent a luxury flat in Cardiff nowadays?

protein
29-06-2005, 00:41:17
Buy the house, rent it out and then get a mortgage on the cool flat.

Cruddy
29-06-2005, 01:15:21
Originally posted by MOBIUS
I'm a cool hip old man...:)

And no, about the last thing I am craving right now is a move back to London - I am not about to bore you with all the cool stuff I've done lately that would be impossible to do living in London, or at least extremely difficult...;)

That's true. Sheep shagging is rare in London.

Koshko
29-06-2005, 02:35:07
I'm all for buying anything that won't require yardwork.

Greg W
29-06-2005, 03:16:58
Owning something outright is very liberating I must say. I suppose it depends on your next step though. Where do you want to go from there?

No longer Trippin
29-06-2005, 04:11:07
Luxury flat if single or you want to have a life. I'd only invest in property (if the price was right) if you plan on being there a long time (and out in the middle of nowhere I assume) or you plan on renting it and moving on to a better place in a few years - like the luxury flat.

Oerdin
29-06-2005, 05:22:51
Originally posted by Lurker the Second
Somewhere in between with a mortgage.

That'd be my choice as well. Single family homes go up in value way faster then apartments or condos but one in the sticks might not beat an apartment in a highly desirable area (like downtown). Instead I'd find one a little bit out in the burbs but not to far where I could buy with a morgage.

mr.G
29-06-2005, 08:18:42
dooooooooooooooooo
di fokkin'
dooooooooooooooooo
luxury flat

Dyl Ulenspiegel
29-06-2005, 09:08:48
Originally posted by Oerdin
That'd be my choice as well. Single family homes go up in value way faster then apartments or condos but one in the sticks might not beat an apartment in a highly desirable area (like downtown).

Housing mania!

MOBIUS
29-06-2005, 09:53:20
Originally posted by Provost Harrison
How much does it cost to rent a luxury flat in Cardiff nowadays?

The one I'm looking at is 550 pcm incl. water rates and no gas bills - not bad between two people...

No longer Trippin
29-06-2005, 10:06:08
My recomendation was only if you were doing fairly well off, which I'd assume you to be, I didn't read the rest of the thread. Otherwise a luxury flat would be stupid.

Provost Harrison
29-06-2005, 10:08:33
550 is alright I suppose but then again I don't know, I've started to get used to the prices around here...

zmama
29-06-2005, 11:08:14
the flat

*End Is Forever*
29-06-2005, 11:13:27
550 isn't that expensive at all. I'd be tempted by that. At least you can change your mind, if you buy the house and change your mind you're lumbered with a depreciating property in an undesirable area.

Lazarus and the Gimp
29-06-2005, 17:08:14
Originally posted by MOBIUS
House in the Valleys: No mortgage - bought outright, extremely working class, half an hour from town by car or train, SPECTACULAR SCENERY!!!

Luxury flat: Right in the middle of town - cinema, pubs, clubs, restaurants all literally across the road! Spectacular views of town, cheap bills, secure parking and lock up for my mountain bike, brand new - all mod cons...

That is my choice - what would you do?:)

It depends on how badly I want to have my house burned down by Meibion Glyndwr.

The Valleys aren't as bad as West wales, but they can be a bit hostile.

Oerdin
29-06-2005, 18:54:11
Hostile to outsiders or hostile to new developments?

Cruddy
29-06-2005, 18:56:38
Hostile to English.

Mind you, if the house has decent fire insurance, you could be quids in if someone does torch it.

Dyl Ulenspiegel
29-06-2005, 18:56:48
Isn't that the same in Wales?

Cruddy
29-06-2005, 19:00:39
West Wales has areas of "dry on a Sunday" bye laws.

*shudder*

Eklektikos
29-06-2005, 19:21:21
Originally posted by MOBIUS
The one I'm looking at is 550 pcm incl. water rates and no gas bills - not bad between two people...
Luxury flat in the centre of town... 550pcm...?

The rent on my place is twice that and it's over half an hour out of the centre by tube. God I hate London prices. http://www.gamecatcher.net/fora/images/smiles/ack.gif

Anyway, I'd say go for the Cardiff flat. Sounds more fun to me.

Lazarus and the Gimp
29-06-2005, 21:22:07
Is now a good time to mention that I pay 450 a month mortgage for a 3-bed semi with detached garage and decent-sized garden?

Japher
29-06-2005, 21:28:01
No, don't mention that now, you'll make someone cry.

Provost Harrison
29-06-2005, 23:23:52
Originally posted by Lazarus and the Gimp
Is now a good time to mention that I pay 450 a month mortgage for a 3-bed semi with detached garage and decent-sized garden?

Git :p

Funko
30-06-2005, 10:47:47
FLAT FLAT FLAT!

*End Is Forever*
30-06-2005, 10:55:15
Originally posted by Lazarus and the Gimp
Is now a good time to mention that I pay 450 a month mortgage for a 3-bed semi with detached garage and decent-sized garden?

Doesn't really matter. My parents' mortgage (for a 3-bed semi, large garden) is less than my rent (2-bed apartment).

Funko
30-06-2005, 10:58:25
My parents have paid off their mortgage on their 5 bedroom detatched house with a large garden it's only worth about 10 times what they paid for it.

Oerdin
30-06-2005, 15:31:25
Originally posted by MOBIUS

However for c.40000 on auction you can decent sized 3br properties in reasonable condition.

$60k for a 3bedroom?! SHIT! That's nohing! I'll take two. ;)

Lazarus and the Gimp
30-06-2005, 17:44:33
Originally posted by *End Is Forever*
Doesn't really matter. My parents' mortgage (for a 3-bed semi, large garden) is less than my rent (2-bed apartment).

Yes, but they live in the 3rd World.

No longer Trippin
30-06-2005, 19:44:32
Originally posted by MOBIUS

The one I'm looking at is 550 pcm incl. water rates and no gas bills - not bad between two people...


Missed something that made the rest irrelevant.

I just read the no utilities part. It's an included package. Sounds like a small place then. 550 isn't bad then for each if it's a luxury box, if you don't get raped and get your value for your money (example: you could get a 1100 dollar place here). If your paying 550 total, that is really good compared to what some of those (rare) packaged deals go for around here.

mr.G
03-07-2005, 18:20:48
house in the valley