House prices in uk and london.

North brother · Post by **North brother** » Mon Oct 24, 2005 9:42 am

Are they expensive or are they not. Costing Ã‚Â£200000 Ã‚Â£350000 Ã‚Â£600000
and up wards i can never afford a house here. I could build my own neverland ranch with that money back home in arabsiyo and hargeisa.

Lucky the council pays the rent and stuff/. Lucky we dont have to pay mortgages, hows the prices in usa, buying it could be a good investment for the future.

mizz_chief · Post by **mizz_chief** » Mon Oct 24, 2005 9:44 am

EXPENSIVEA, THATS ONE THING U HATE WITH THE BRITISH POUND...

sterling sucks whern it comes to interest rates, but hey i aint in no rush to buy a house... Very Happy

but your better off having your own home then paying rent....

Xyaad · Post by **Xyaad** » Mon Oct 24, 2005 12:46 pm

" Lucky the council pays the rent and stuff/. Lucky we dont have to pay mortgages"

This must be a BUM/LAZY mans moto/quote... waryaa go and work and pay the rent.

The housing boom is now slowly declining so wait a while and then buy a house.... there will be a housing boom coming in a few years because of the 2012... that is why I'm buying my house next year... Very Happy

QansaGabeyle · Post by **QansaGabeyle** » Mon Oct 24, 2005 1:01 pm

Are there somalis in the UK that own houses or are they all living public housing? I heard everyone there is on welfare, is that true? How can one purchase a house if he or she is on welfare? I can get a nice 5 bedroom house in the woods of Vermont for 50 gs. Smile

Post by **AbdiWahab252** » Mon Oct 24, 2005 1:03 pm

The average house in my area is about $140,000.

When i moved here, I got my place for $89,000 and now its worth $130,000

QansaGabeyle · Post by **QansaGabeyle** » Mon Oct 24, 2005 1:06 pm

You can't be in Massachussets because houses here are expensive. In parts of Cambridge, regular 5 bedroom houses cost as much as 3 million dollars. You can get a fukkin mansion anywhere else with that kind of money. When one of my professors told me this, I couldn't believe it, I thought this nigga was messing with my head.

Xyaad · Post by **Xyaad** » Mon Oct 24, 2005 1:10 pm

Qansa anyway in london a 5 bedroom house will cost you 500,000 and above.

plus about 90% of somalis don't own a house in the UK. The state gives them a house to live in and pays for it. Obviously you can't buy a house on welfare whos going to give you mortgage on that!

An average house in london is around 140,000, its all about location!

North brother · Post by **North brother** » Tue Oct 25, 2005 4:49 am

Qansa anyway in london a 5 bedroom house will cost you 500,000 and above.

plus about 90% of somalis don't own a house in the UK. The state gives them a house to live in and pays for it. Obviously you can't buy a house on welfare whos going to give you mortgage on that!

An average house in london is around 140,000, its all about location![quote] I agree with you that its all about location, do u know the countryside houses are much cheaper Ã‚Â£50000 Ã‚Â£76000 but whos going to live with white racists. Laughing

Abdiwahab do u live in minnesota.[/quote]

maria from west side · Tue Oct 25, 2005 4:59 am

You can still buy a cheap old house and repair or remodel it your self.

Say_what1 · Post by **Say_what1** » Tue Oct 25, 2005 10:46 am

Property is one of the best investments to make in London, specially if you do what maria said. Buy a messed up house at cheap price and then carry out a refurbishment.

Qansa
There are somalis that own houses specailly the early somalis that came to UK when the houses were so cheap. And No everyone is not on welfare, alot of somalis do work but the reason why people then to say all somalis are on welfare is because some somalis simultaneously get a welfare at the same time as having a Job, Specially those who own shops and other business, They don't tell the government their sourse of income. Other they have two identifies registered they get 1 walfare and do work lool. But most somalis do work though.

Xyaad · Post by **Xyaad** » Tue Oct 25, 2005 5:13 pm

north brother exactly who wants to live with racist.

Maria and Say What... it takes alot of time and alot of money to refurbish a house... i mean say you brought a house for 200,000 if you want to refurbish and make some profit you would need to at least need to spend 80,000 or more on the refurbishement, are you willing to take the risk is the question.

Best option is to buy a house refurbish a little and rent it out!

AMAT-ALLAH · Post by **AMAT-ALLAH** » Tue Oct 25, 2005 5:35 pm

My house was bought for Ã‚Â£18,000 and is now worth i hear Ã‚Â£260,000--talk about in the MONEYEEEEYYY Laughing

Say_what1 · Post by **Say_what1** » Tue Oct 25, 2005 5:38 pm

[quote="Xyaad"]:lol: north brother exactly who wants to live with racist.

Maria and Say What... it takes alot of time and alot of money to refurbish a house... i mean say you brought a house for 200,000 if you want to refurbish and make some profit you would need to at least need to spend 80,000 or more on the refurbishement, are you willing to take the risk is the question.

Best option is to buy a house refurbish a little and rent it out![/quote]

You can buy cheaper then that on house auction, But your right it takes alot of time and needs starting capital.

If you are looking for a high profit turnover in the short-term that would be the best investment, But highest profit is a long term proccess, if you rent it out and sell it many years later.

Xyaad · Post by **Xyaad** » Tue Oct 25, 2005 5:42 pm

looool Amat how the f*%K did you buy a house for 18,000! Laughing

Say What exactly!

AMAT-ALLAH · Post by **AMAT-ALLAH** » Tue Oct 25, 2005 5:42 pm

[quote="Say_what1"]Property is one of the best investments to make in London, specially if you do what maria said. Buy a messed up house at cheap price and then carry out a refurbishment.
.[/quote]

Its not as simple as you make out, there alot of variables you need to consider i.e demography etc. So dont jump intio the whirl-pool without a paddling float bro Laughing