Gazumped

[kingandy]

Apparently, samharber has got bored with waiting for me to buy the house next to him, and is buying it himself (with a work colleague) to rent out. They're charging less than bacony and I are paying together right now, but bacony has already said she doesn't think the house there is large enough for the two of us to live in properly, and I don't think I want to pay that much by myself. Well, I could afford it, but it would curtail my frivolous spending somewhat. And anyway, it's a bad idea to have a mate as your landlord. I'll just have to find somewhere else to live when the contract runs out in June...

If only house-buying wasn't so daunting. It's not the expense, I'm reasonably sure I could afford it, it's just having to talk to a mortgage person, and a lawyer, and a surveyor and whatever the hell else and get it all organised ... if somebody would do all that for me and all I had to do was hand over the cash, I would probably have bought the house myself. I know that people are going to say that if Sam and Nook can manage it then it can't be that tricky, but that doesn't make it any less scary.

Oh well, I'm young yet. No need to rush into buying a house just because it's next door to my friends...

UPDATE: Having consulted with bacony, we have decided to see if Sam is still willing to rent to us. TO BE CONTINUMANUDE>

Comments

[kingandy]

Current plan: Rent Sam's second house. Though having a friend as your landlord may be a dreadful idea in general, it will give me opportunity to look for a proper residence without worrying about matching the end of a fixed-term contract (one would hope).

Or, build up capital to buy it off him. One or the other...

[samharber.livejournal.com]

Its hardly going to be a case of having a mate as your landlord.
The plan is that my colleague starts up a property company. I invest x amount of money into it, the company buys the house.
My colleague will be the landlord, I'll just be a shareholder in his business.
As part of the Mate Rate though, I'd expect the terms on duration to be slightly more flexible.

When in June does your current contract expire?
Also, I'll be sorting out some proper shelving in my storage room, so if you need more space, I'll happily oblige.

[kingandy]

I think the end. Katy thinks the beginning. We will have to check, but I am reasonably sure it is the end (Student contract and all).

Do you know, we were just having an MSN conversation about shelving, and your spare room did come up. ;)

PS, we love you.