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Would I be mad to move to 'Penge'?

BEARBOT said:
just out of interest.. are the houses in dagenham the cheapest in london? what sort of prices for a 3 bed house?
sorry fo the derail
im not saying i want to live there..the BNP thing puts me right off..but certain freinds who come from rough areas up north say they would consider any area in london to buy if the price is low ennough..i remember KBJ posting on how awful dagenham is...never been there but might be checking out barking(also never been) to go charity shopping
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i lived in barking around '95, and again in '98.

it was fucking horrible...
lots of racial tension.
asian vs black vs white.

use to see random kickings all the time.

no wonder BNP are doing so well there...
 
Cheers dude :cool:

Was originally on the market at £220k, we offered £200k and it's been begrudgingly accepted. 3 bedroom place, split level, garden(ish, it's not exactly massive). The place itself is huge, nearly 90sq metres.
 
There's more than enough space.. you can have the utility room. I've always kinda wanted a utility room. I can store bikes and hang up washing in there.
 
Congratulations Filter! Really pleased for you, hope it all goes smoothly and you and the wife are happy there. :)
 
And potential children with questionable views on multi-culturalism? ;)

I'm messing, I just know a couple of familys who are leaving to due to race issues.
 
CharlieAddict said:
:confused: eh?
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They have kids at Primary school age... the kids in their school are being brought up with some dodgy views. If it isn't hatred of the Polish kids (who make up nearly a third of their class), it's dislike of black and asain kids stemming from the kid's parents. The white flight areas of East London can be unpleasant.
 
sleaterkinney said:
You know what I'm going to say but hope it works out.
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Stupid time to buy? Perhaps.. but we can afford it, and we'll be making it a home for at least the next 5 years. We've borrowed about 2.2 times our annual salary, so we're not being silly and stretching ourselves. We also got it for 10% less than asking price and vaulation.

This perhaps sounds naive, but it can't come down in value that much. Not like some of the properties out there. With it's size and proximity to amenities, we should be able to weather any storms. Also, it's big enough and has enough rooms to rent a room out to a mate should serious recession hit. That can always help.
 
ChrisFilter said:
Stupid time to buy? Perhaps.. but we can afford it, and we'll be making it a home for at least the next 5 years. We've borrowed about 2.2 times our annual salary, so we're not being silly and stretching ourselves. We also got it for 10% less than asking price and vaulation.

This perhaps sounds naive, but it can't come down in value that much. Not like some of the properties out there. With it's size and proximity to amenities, we should be able to weather any storms. Also, it's big enough and has enough rooms to rent a room out to a mate should serious recession hit. That can always help.
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You'll also save the money you would on renting somewhere and be spending it on something you own. :)

Ignore the haters, if prices come down rates'll go up. Take it you got a good mortgage rate?
 
ChrisFilter said:
Yep, got a contract lawyer at work to read it over and highlight any potential suprises. £125 fee to switch to a fixed, but that's the only non-standard bit.
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That sounds pretty good. It's reassuring to know you can switch to a fixed if it looks like things are changing.
 
I didn't, as it happened. That sale fell through as the vendor changed their mind. After we'd paid for searches and solicitors fees. We ended up moving to South Norwood, which was great for us for 5 years but now we've moved down to Tunbridge Wells after having a baby.

Penge is a good place to live, for the most part. Some bits nicer than others, and it's a bit rough and ready, but we would have been perfectly happy there.
 
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