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Elephant in the room being the 'help to buy subsidy'. Half the deposit needed for a new build rather than an old build. That said, I'm not sure I have much sym
by dazc 4y ago
Elephant in the room being the 'help to buy subsidy'. Half the deposit needed for a new build rather than an old build.
That said, I'm not sure I have much sympathy for these buyers. There is a new esatate near me where everyone is driving a newish car in the 30-50K price range?
- scarface74 4y agoWhen we had our house built. The builder only required 5% down (2016). We later got an FHA mortgage with 3.5% down and we got the other 1.5% back. Of course we refinanced when the housing market got crazy and reduced the interest rate to 1.5% and got rid of PMI (FHA MPI)
- adhesive_wombat 4y agoI genuinely do not understand where the money comes from for the number of very new BMWs, Mercs, Audis and Range Rovers on the roads comes from. It seems way out of step with my impression of "normal" salaries (in the UK). I guess either it's a dangerous amount of finance or I'm just very underpaid. Not that's I'd buy a new car anyway, I'll let someone eat that five-digits depreciation thank you.
- chrisseaton 4y agoA lot of people get a new car as a company benefit. And you can get a new BMW from like £27k they aren't that expensive.