Experts say wait 5 years to buy back into property

lostinrates

lana22 wrote: »

Alternatively, live in your house happily ever after.

Agreed: that is of course, if you haven't bought a studio flat in your youth, thinking you'll never meet person right/start a family/ be relocated/have opportunity abroad etc etc.

ukcarper

lostinrates wrote: »

Agreed: that is of course, if you haven't bought a studio flat in your youth, thinking you'll never meet person right/start a family/ be relocated/have opportunity abroad etc etc.

You will just have to make sure the right person also has a flat and that you are re-located to a cheaper part of the country

lostinrates

ukcarper wrote: »

You will just have to make sure the right person also has a flat and that you are re-located to a cheaper part of the country

Yes. I think there probably are people who would be prepared to take career and love decisions based on their emotional need to own the property they could afford at 23. And that is their right, so long as they can afford it . Its not, however, in the best interests of all people.

FWIW I don't really care what ''experts'' say right now. Experts said to buy when doing so for us would have been wrong timing, now they say don't buy...who knows if they are right. We'tre going to take responsibilty for whether we decide to buy now or not, and shoulder the blame of any wrong decision ourselves. Experts have shown themselves to be more fallible than their 'expert' classification would lead people to believe

ukcarper

lostinrates wrote: »

Yes. I think there probably are people who would be prepared to take career and love decisions based on their emotional need to own the property they could afford at 23. And that is their right, so long as they can afford it . Its not, however, in the best interests of all people.

FWIW I don't really care what ''experts'' say right now. Experts said to buy when doing so for us would have been wrong timing, now they say don't buy...who knows if they are right. We'tre going to take responsibilty for whether we decide to buy now or not, and shoulder the blame of any wrong decision ourselves. Experts have shown themselves to be more fallible than their 'expert' classification would lead people to believe

I agree and if you pay a few thousand more than you had to unless something unfortunate happens to you in twenty years time you probably won't worry about.

lostinrates

ukcarper wrote: »

I agree and if you pay a few thousand more than you had to unless something unfortunate happens to you in twenty years time you probably won't worry about.

A few thousand, I think, is an acceptable margin of error, for me, on this scale, A few tens of throusands, or the odd hundred thousand, isn't. Its all about how we interpret our own views...or how much credance we give various experts I guess. Full circled in the argument:o

ukcarper

I bought my first house in 1972 for £8k I could have got it for £5.3k if I bought it 6 months earlier so it cost £2.7k when I was earning £1.5k equiv of about £50k now and I can honestly say I haven’t lost any sleep over it.

mewbie_2

ukcarper wrote: »

I bought my first house in 1972 for £8k I could have got it for £5.3k if I bought it 6 months earlier so it cost £2.7k when I was earning £1.5k equiv of about £50k now and I can honestly say I haven’t lost any sleep over it.

Then why can you remember the precise details. I suspect it took you twenty years to get over that mistake. Don't wish it on others.

ukcarper

mewbie wrote: »

Then why can you remember the precise details. I suspect it took you twenty years to get over that mistake. Don't wish it on others.

Why would I worry now as I'm living rent free in a much better house in fact I didnt worry at the time as I was so pleased to get a house and at that time there were no rental properties.

I could have also put it another way 6 months later they were 10k so I could say I made 2k

SingleSue

My parents were FTB's in 1969.

They purchased a 3 bedroom semi detached for 4k, no idea what my father earnt at the time though as he keeps that sort of info to himself but he did say it took up approx 50% of his monthly pay.

Mewbie - maybe ukcarper is another like me, completely anal about figures, I even remember my first part time wages, every joining and leaving date for my employment, my salary at each stage of employment etc.

Yep, I am weird!

mewbie_2

It was unfair of me. Sorry Mr. Crapper. That was also unfair, but I hope can be taken as a joke.