My new house...

[Rave]

I know a lot of people can't afford a mortgage and i agree that house prices are stupid. On reflection, i would find it very hard indeed to buy a house now if i was starting out on the property ladder.

I guess i am wrong in suggesting that renting is a mugs game in a world where house prices / wages are not on a par.

But, if i were starting off on the property market i would try my hardest to get on that first rung as in the long run it would be the right way to go.

Right, this property ladder...explain how it works for me? Let's say that I scrape together enough money to buy a one bed flat (with a big mortgage, obviously). But I'd really like to live in a nice three bedroom house that's big enough to bring up kids in. They cost quite a lot. If you could explain to me how having to put my one bed flat on the market, paying HIPS, estate agent's fees etc. is somehow a 'ladder' to the property I really want, then I'd appreciate it, because right now I'm struggling to see it.

[Koolpc]

Right, this property ladder...explain how it works for me? Let's say that I scrape together enough money to buy a one bed flat (with a big mortgage, obviously). But I'd really like to live in a nice three bedroom house that's big enough to bring up kids in. They cost quite a lot. If you could explain to me how having to put my one bed flat on the market, paying HIPS, estate agent's fees etc. is somehow a 'ladder' to the property I really want, then I'd appreciate it, because right now I'm struggling to see it.

Well, you would!! lol

[arbitor]

Rave I think Koolpc has realised the error of his first post

[RedPutty]

Here's to good memories in there. I've lived a few places since leaving home and I remember the feeling when you get a new place.