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Would you rather -
Buy a cheap house straight up without a mortgage, but it isn't the best, needs work, not in the best location, rooms on the small side, etc what ever you can think of.
Buy a house which is potentially better but with a small mortgage because you're going to need to borrow some, it's a better house but still not the best in whatever ways you could imagine.
Buy a house which is more like what you want but it means a bigger mortgage. As such the bigger the mortgage the more you pay out and the less cash you have each month.
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Apr 23, 2025 20:54 Look at this guy, buying a house in this economy. |
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Apr 23, 2025 20:59 Depends on my income |
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Apr 23, 2025 21:02 Bought 3 houses that needed doing up then sold for profit. That's how i own my home outright now. |
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Apr 23, 2025 21:05
I bought the 3rd house with what I'd made in the first 2. In the UK most people could afford to buy a rundown house thou! What would you need up in Scotland Thrones? On my road there's a 2 bed bungalow in a sought after area that needs dragging out if the 70s for 260k |
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Apr 23, 2025 21:06 Couldn't afford * |
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Apr 23, 2025 22:20
First option is usually a good bet if you have the money to put into it. |
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Apr 24, 2025 03:30 I would want the middle option. I don't want to be house poor, nor do I want to live in a s**t hole |
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Apr 24, 2025 09:13
Middle option if it's in a good area, if not and you're really wanting to buy a house I Me would do the third option if it's the only one in a decent area. |