Housing Costs
#1
Scooby Regular
Thread Starter
Join Date: Mar 2000
Location: Weston Super Mare, Somerset.
Posts: 14,102
Likes: 0
Received 0 Likes
on
0 Posts
Housing Costs
My daughter cannot afford £200k + for a pokey house in SW but there are plenty of waterways in her vicinity. She could get a nicely kitted out narrow boat for £30-£40, get it properly inspected and live in a peaceful area and even get a mortgage according to Google.
So is this such a crazy idea?
David
So is this such a crazy idea?
David
Last edited by David Lock; 26 February 2017 at 05:15 PM.
#2
Scooby Regular
Join Date: Nov 2003
Location: riding the crest of a wave ...
Posts: 46,493
Likes: 0
Received 13 Likes
on
12 Posts
How much does the mooring cost / does it have pump out facilities etc ?
lived on a boat for 14 years , but that was in a marina
mine was a lot less salubrious than a canal barge
lived on a boat for 14 years , but that was in a marina
mine was a lot less salubrious than a canal barge
#7
Scooby Regular
Thread Starter
Join Date: Mar 2000
Location: Weston Super Mare, Somerset.
Posts: 14,102
Likes: 0
Received 0 Likes
on
0 Posts
I have no ideas about the important details, I was just flagging it up as an idea. I'll make a few calls in the week and get a better feel for the possibilities. Yes ther are some nice Park Homes but high annual fees and sudden changes in ownership can cause problems.
But if my daughter did go down the water route she and her b/f could tuck away £1000 per month which in a year or two would be enough for a house deposit and perhaps even keep the boat and rent it out for a monthly income. Who knows. David
PS. There was an SN mod, Sally, who was in the trade and I might even give her a call for advice.
But if my daughter did go down the water route she and her b/f could tuck away £1000 per month which in a year or two would be enough for a house deposit and perhaps even keep the boat and rent it out for a monthly income. Who knows. David
PS. There was an SN mod, Sally, who was in the trade and I might even give her a call for advice.
Last edited by David Lock; 26 February 2017 at 06:05 PM.
Trending Topics
#8
Scooby Regular
I have no ideas about the important details, I was just flagging it up as an idea. I'll make a few calls in the week and get a better feel for the possibilities. Yes ther are some nice Park Homes but high annual fees and sudden changes in ownership can cause problems.
But if my daughter did go down the water route she and her b/f could tuck away £1000 per month which in a year or two would be enough for a house deposit and perhaps even keep the boat and rent it out for a monthly income. Who knows. David
PS. There was an SN mod, Sally, who was in the trade and I might even give her a call for advice.
But if my daughter did go down the water route she and her b/f could tuck away £1000 per month which in a year or two would be enough for a house deposit and perhaps even keep the boat and rent it out for a monthly income. Who knows. David
PS. There was an SN mod, Sally, who was in the trade and I might even give her a call for advice.
Finance depending on what price tag you go for
Water £200 per year
Electricity 200-300 per year
All in 1000-1200 pm
#9
Scooby Regular
Join Date: Nov 2003
Location: riding the crest of a wave ...
Posts: 46,493
Likes: 0
Received 13 Likes
on
12 Posts
http://www.msn.com/en-gb/news/uknews...cid=spartanntp
goodness knows how this happened , all of a sudden ...through open hatch
goodness knows how this happened , all of a sudden ...through open hatch
#10
Scooby Regular
Thread Starter
Join Date: Mar 2000
Location: Weston Super Mare, Somerset.
Posts: 14,102
Likes: 0
Received 0 Likes
on
0 Posts
http://www.msn.com/en-gb/news/uknews...cid=spartanntp
goodness knows how this happened , all of a sudden ...through open hatch
goodness knows how this happened , all of a sudden ...through open hatch
dl
#11
Scooby Regular
I'd assume air pressure will help keep some of the water out so keep it afloat if the hatches are closed.
#16
Scooby Regular
iTrader: (11)
My daughter cannot afford £200k + for a pokey house in SW but there are plenty of waterways in her vicinity. She could get a nicely kitted out narrow boat for £30-£40, get it properly inspected and live in a peaceful area and even get a mortgage according to Google.
So is this such a crazy idea?
David
So is this such a crazy idea?
David
#17
Scooby Regular
Thread Starter
Join Date: Mar 2000
Location: Weston Super Mare, Somerset.
Posts: 14,102
Likes: 0
Received 0 Likes
on
0 Posts
Bit of a late reply, but since the thread came back up anyway, your daughter would need to be a bit careful with this, as I'm pretty sure many waterway management authorities (or whatever they're actually called) have quite tight regulations on using boats as permanent dwellings. As with all things, read the fine print and check out all the legal ins and outs carefully before committing.
David
#18
Scooby Regular
OK cheers. I'm sure you're right. However daughter seems not to be taken with the idea so........ She has a fairly stable relationship with a medic who may do locum work for a couple of years which might bring in a few bob for a deposit on a small house if the market has any left by then
David
David
I reckon we're in for a significant property recession very soon, more so in London/SE though perhaps.
So tell that medic boyfriend to pull his finger out and do plenty of locums, there is loads of work around
They'll be in a good position in 18 months time to buy in a subdued market.
#23
Scooby Regular
Although I've been saying it for years - I really can't see how much longer the insane housing market can carry on at such massively unaffordable levels - who can afford to buy all these houses and how will they ever pay off the mortgage?
#26
Scooby Regular
Join Date: Sep 2003
Location: Scoobynet
Posts: 5,387
Likes: 0
Received 0 Likes
on
0 Posts
Central bank balance sheets are just nuts - look at the amount of liquidity being injected. European Central Bank (ECB) and Bank of Japan (BoJ) are in full on insanity mode;
http://www.zerohedge.com/news/2017-0...s-when-it-ends
t's like a person taking out massive loans to keep up spending, then when they can't afford to pay those loans back they're just taking out other loans just to cover the interest on the previous loans, and going on and on..
Last edited by Petem95; 21 May 2017 at 02:05 PM.
#27
Scooby Regular
iTrader: (1)
Even if you lived in the south of the county, say Spalding, it's still £8.6k and a 4 hour commute.
There is a reason that Lincoln property prices are cheap; there is low demand because it's an undesirable place to live.