great_badir
Posts: 4206
Joined: 6/10/2005 From: A breaking rope bridge in the middle of the jungle
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We also have mould problems, however nowhere near as bad as yours, DC (or Reb's). We live in an end terrace Victorian ex-miner's cottage, so it's solid stone walls with lime mortar. This means that the exterior walls will suck through any damp going, so we can't put anything right up against the inside of the external walls to leave "breathing" space so the mould is kept at bay. So we have things like tables and chairs shoved about 6 inches away from the walls. There are only two solutions to this problem - move, or rebuild it with modern materials. Picking up on what matty said further up thread, what with house prices still being relatively high in most areas, despite the recession, the advantage/disadvantage gap between buying and renting is now almost non existent. When we bought our first house just over 10 years ago, the average first-time buyer mortgage length was 25 years. When we moved to our current house in 2004, that had risen to 30 years. These days the average is 40, at which point you are pretty much just renting a property you will never pay off, or at least not until you hit your 70s. By now I would have expected to see a lot more European style long-term rents on the market, but as yet nothing. Also, we can't be too far away from China-style 100 year mortgages which are passed down through the generations. Having said all the above, we love where we live now - both house and location are perfect for us. We live in a nice quiet cul-de-sac with good neighbours, all the ameneties we will ever need a short walk away, and more than one good school within our catchment. With only one child and no prosect of another, I can't see we will ever move. Well, not through choice anyway. Also a quick note on negative equity - a lot of people worry about being in negative equity, but if you are not looking to move then it's not worth worrying about. Obviously if your circumstances change, then it is a problem, but if you're happy in your home and not looking to move, have a "safe" job and can cover the mortgage, negative equity isn't as big a concern as you might believe.
< Message edited by great_badir -- 22/1/2013 1:32:33 PM >
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