bosie

Saila Wrote:

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> very interesting thread.

>

> I've been trying to upsize from a property to the

> next 'level up' for garden and school malarkey.

>

> We've been gazumped or dumped (3x in the last 5

> months) but not due to another buyer, just seller

> greed and/or chain breaking. Suffice to say

> 'greed-house' has still not sold (2 months on) at

> the owner's new asking price (promised to them by

> a rouge agent who promised they could get him

> more).

>

> anyway - we have decided to cash in and rent.

> population growth etc does not push prices up by

> 25% in two years. That's investors chasing yield,

> European's chasing safe havens etc. Not that

> there's any yield in Victorian properties. frankly

> the valuation on yield makes zero sense.

>

> I'll probably be very wrong and kick myself in 12

> month's time. But hey ho, i'll take the money and

> have a bigger garden for my kids in a nicer area

> via rental.

>

> I haven't rented since I was student. weird.

I did the same thing about 18 months ago - kept getting dumped/gazumped and decided that I would be a more attractive proposition if I were chain free and could move quickly. So I sold and rented for 6 months. Well my pot of money from the sale was frozen in time, however prices continued to rise. So the 3 bed house I was looking for quickly became out of my reach and I ended up buying a two bed house for the same price as the three beds I was looking at originally. Luckily I did as I wouldn't even have been able to buy a two bed house now and would be looking at flats instead.

I would definitely not sell to rent again!

Not again! I hate the little b*stards...!

http://mrmusing.blogspot.com/2011/07/piss-off-flying-ants-and-take-your-mid.html

Sounds like a great idea... would be interested in finding out how it goes and once my kitchen is no longer a building site, would love to do it.

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