How much money in the bank would make you happy?

[ggmopa]

Well it still is cheap but problem is homes under the hammer has highlighted it..

So what you tend to see if houses under 60k listed as a "guide price" but if you prove funds etc you can make a deal.

Because people barter over them. There are still plenty of deals to be had tho..

Obviously a rough search.

65k

View attachment 2855


Rent this a 3 bed same area but still




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It works because there's no money, jobs or prospects in and around these areas but people still need to live. So rent demand is high..

Bet there are some great spots for air bnbs too!!

 

[t2van]

Bet there are some great spots for air bnbs too!!

Lol. No.


Not where them houses are anyway lol

 

[ggmopa]

Lol. No.


Not where them houses are anyway lol

Fair enough. Seems a bit weird the locals can afford to pay rent but can't get a 50k mortgage lol

 

[t2van]

Fair enough. Seems a bit weird the locals can afford to pay rent but can't get a 50k mortgage lol

Yeah gov / council assistance.

But that's how rent goes. Affordability checks are almost zero for rent vs a mortgage.

That's why the system is broken.

You can be paying 1000 a month for rent.

But bank won't let you get a mortgage for 500 a month due to affordability.

Because computer says no.