We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Buy again or rent?
salsham04
Posts: 2 Newbie
Hi all, new to this. We have an investment buyer for our home and although he is paying under market value, we will come out with approx 87k. Do we buy again or is it advisable to rent for say a year until prices settle? My gut instinct is saying rent, but what does everyone think?? Help!!
0
Comments
-
I think u shd rent. Prices are falling at 2% a month at the moment. Hope your sale goes through ok.No reliance should be placed on the above! Absolutely none, do you hear?0
-
Im not convinceed.
Where abouts in the UK are you , are you downsizing?
87k can buy a variety of properties for cash- this is clearly the superior choice, as long as your buying is very savvy.
In saying that Id probably go into rented for 6 months, watch as prices fall yet further, and steam in when you can buy for cash. Check out auctions as well, there are some cracking properties going unsold at historically very low rates.:beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards