I feel sure buying and selling houses ought to be simpler. I think I understand why it isn’t, or at least why it isn’t quite how I think it should be, but nonetheless it’s me that thinks it, so I think it.
With pretty much anything else, it’s really simple. You find someone selling a thing, you agree on a price, you give them the money agreed, they give you the thing. You go home. And that is it.
But with houses… with property, for some reason there’s an entire industry of people who have massively overcomplicated the basics, and I’m pretty sure they do it on purpose.
For one thing, hardly anyone can afford a house. I mean it. Houses are too expensive for almost all of us to buy. But rather than stop and wonder why that specifically-arranged pile of bricks and metal and glass costs an astronomical amount of cash, we’ve just all accepted that yes, piles of bricks and metal and glass cost that much money and that is that.
So the only solution for us all is to borrow the money from someone who has it, with the agreement that we’ll pay it back over the course of say, our entire working adult lives.
Those people who do have lots of money though, they’re clever aren’t they, because they want to make sure it’s worth their time lending you all that cash. Plus, they also want to make sure they get it all back, so they’ll charge you extra for the privilege.
It’s a rum deal for the borrower. For the privilege of living under a roof, your own roof, you’re in a grip until you die or retire. You have to pay back the money you borrowed plus the interest, and if you don’t, the lenders can turn up and claim back the house and kick you out of it. No wonder they call it a ‘death grip’ or mort-gage.
In addition, the amount of extra (which is a percentage) they want from us, can go up or down without our say-so, based on how expensive everything else in the world is.
There’s also some fine detail too - like where the boundaries are, who’s responsible for what and who actually owns any land attached. So someone really clever needs to have very detailed and boring conversations about that on your behalf, with someone else who’s very clever who represents the person you want to buy the house from, or sell it to. Then very slowly and deliberately they negotiate it all out.
Not only that, but if you’re selling one property that doesn’t fully belong to you, in order to buy another property that won’t fully belong to you either, the chances are the people who want to buy your house are having to borrow a massive amount to do so, and will need to sort out all that contract negotiation as well, not to mention the people who are selling to you, and buying a different house from someone else with someone else’s money.
With apologies to all you estate agents, solicitors, financial advisors and surveyors out there, wouldn’t it all just be a lot simpler if houses were just… you know… affordable? Like, for everybody? How did we end up in this complex machinery?
We (my wife and I) are in this despicable machine - mostly because we’re not landed gentry. And as a result, as a direct result of rising interest rates and spiralling inflation, of pendulous solicitors and of nervy lenders, our chain is fragile and may even collapse.
And I think it ought to be simpler, and quicker, and yes, even happier. Because living should be! And that machinery of creating joy and building family is the one I’m most interested in. And we can’t do that quite so happily in a poky maisonette.
Hmm. I don’t want you to get the impression I’m not thankful. There are plenty of arcane and worldly systems that are slow and greedy, and we just have to live in them. The disciples did too, and even Jesus taught them to pay Caesar his taxes. I don’t want to come across as a mad revolutionary rebel. I just think it could be different. And yes, I’d like it to be different. Because honestly, all this is stressing me out.