When will people buy.

justpurchased

Cannon_Fodder wrote: »

while obviously keeping my eyes peeled for anything special\unique\dirt cheap, don't plan looking seriously before next spring.

might buy in the summer, if monthly drops are levelling off and/or the right property comes along and is sufficiently discounted from the peak to represent 'good value'.

if the right property does not materialise, assuming there's nothing to put us off where we are now, then am happy to continue renting.

(don't understand 'this upheaval, living out of boxes nightmare' comment I saw today. took 2 days to unpack 90%, 2 weeks to be fully settled) and its a "home" for the time being, something that was not for sale. very picky, nice views...

When you do have a young child it is upheaval for them, we went in to tempory accomodation (for three weeks) before our current house and the poor lad didn't know what was happening (worse still most of his toys were in storage). I would not like that to be a possibility every 6-12 months, it would be OK for us but not for him.

lostinrates

I understand the upheaval thing!

I don't think the temporary accomodation for three weeks is so bad: after all, people take take children on holiday and they cope!, but the stress involved in moving IS immense and but be confusing for a child and upseting when his parents are stressed. Children though, can be pretty adaptable!

But the incessant moving that can happen to renters can be extremely stressful and not inexpensive.

Part of the reason we have moved so much is work related, but its nevertheless been stressful.

huntersc

justpurchased wrote: »

When you do have a young child it is upheaval for them, we went in to tempory accomodation (for three weeks) before our current house and the poor lad didn't know what was happening (worse still most of his toys were in storage). I would not like that to be a possibility every 6-12 months, it would be OK for us but not for him.

Mine love it, its like a little adventure, especially if you get them involved! If they had their way we'd be moving every three months. They really like the idea of new bedrooms and rearranging them.

justpurchased

huntersc wrote: »

Mine love it, its like a little adventure, especially if you get them involved! If they had their way we'd be moving every three months. They really like the idea of new bedrooms and rearranging them.

He is rubbish at carrying boxes and packing. (he's only 1):D

lostinrates

Just Purchased, what tipped you over the edge to purchase? Its interesting to see the other side of the coin too.

Was it 'just' your son?

justpurchased

lostinrates wrote: »

Just Purchased, what tipped you over the edge to purchase? Its interesting to see the other side of the coin too.

Was it 'just' your son?

To tell you the truth we nearly stepped up last year (from 3 bed semi to 4 bed detached) but we took our house off the market after the birth of our son, there was no way we could move (we were being a bit hopeful).

We then sold this year and we looked at one new build and liked it (5 bed detached £300K) Offered £250 and got it, but we got colld feet cold (it was a bit of a make do house) and lowered the offer to £230 but they refused so we pulled out.

I thought a 30% drop was likely, so we were just about to go in to rented when a new build which was way out of our league called us (originally £340K, we had offered £270K previous as that was our max, but they wanted at least a 3 at the front of the offer) We said we would do £250K they agreed, the rest is history now.

But to the reasons
1 Son as we like the security of knowing that he is settled for X number of years.
2 A Big house to last us to old age (not blowing my own trumpet but we have floor space of over 1800sq ft.)
3 New build as I see energy efficiency as a major thing (and given current rises it could be more than mortgage payments in 15 years time)
4 Getting nearly 30% off to cover where I thought prices were going.
5 We hated our old house

clk299

Justpurchased- for me to buy the flat I really love, at the moment they'd have to reduce it by about £80k. Somehow I don't think that they will, in a big chunk, BUT it has a lot of negatives that would put off a commuter (N/A to me) and I am hoping that the price will creep down gradually on that or a similar property until it's in my reach of buying. The flat I really like is a 2 bed and I only really need a 1 bed but as I say it's a dream house not a 'I may buy this' house.

David Aston- I'm a midwife in a big London teaching hospital. We are about the most financially secure Trust I know and they need to keep all their staff as we're expanding so no, I won't be being made redundant any time soon- it's a bit of a niche market for jobs!

justpurchased

clk299 wrote: »

Justpurchased- for me to buy the flat I really love, at the moment they'd have to reduce it by about £80k. Somehow I don't think that they will, in a big chunk, BUT it has a lot of negatives that would put off a commuter (N/A to me) and I am hoping that the price will creep down gradually on that or a similar property until it's in my reach of buying. The flat I really like is a 2 bed and I only really need a 1 bed but as I say it's a dream house not a 'I may buy this' house.

!

Good luck hopefully you will get what you want soon.

dad-of-4

ill never buy, ill be quite happy to stay in my 100K+ house and pay the council £280 a month rent:beer:

ive no interest in being in debt ever.

justpurchased

dad-of-4 wrote: »

ill never buy, ill be quite happy to stay in my 100K+ house and pay the council £280 a month rent:beer:
.

Not to be picky, but it is not your house if you rent it. Would you not do it in a couple of years on a right to buy?