What to do: have 6 figures in the bank. Buy shiity flat, buy expensive flat or just continue to enjoy number going up. No kids. No hope. Im leaning towards shitty flat because i’d pay it off quickly but if all goes to hell then does it matter?
Genuine question. Current living situation is irritating but cheap.
buy shitty flat, wait a few years and pay down the loan as if the interest rate is and extra 2%, in a year or 2 sell the shitty flat and buy a better one. rinse and repeat
Welcome to the property ladder.
The shitty flats have been the same price for a decade, plus the goal here is to stop moving. I’ve rented too many places, just want a home.
You interested in home improvement? Buy the shitty flat, slowly fix it up the way you like, and if you ever decide to sell, it’ll likely be worth a little more.
Yeah! Capitalize on housing! This is normal!