How do I get my Dad off my back?

Alan_M_2

scousethife wrote: »

You have to accept that with some people they can only see one course of action, and anything else is alien to them. They simply cannot question anything they have allways thought was right and correct.

And there you have the problem with our electoral system......it's not a problem with first past the post or any other system issue...it's the fact people vote for someone based on what their family have done for decades..no thought for policies.

The problem with asking the general populous for an opinion is the general populous on the whole don't really understand what the question is to start with.

My dear old Dad has been voting Lib Dem for years blissfully unaware they really had no hope of reaching power.

inspector_monkfish

Go and spend your £35k on fast cars, women and gambling.

You'll have the time of your life, and I guarantee he will never speak to you again :D

moneysavinmonkey

We're in a similar situation and really don't want to buy until 2010, but coming under increasing pressure from family.

Initially just to keep family appeased we started the ball rolling -we saw a mortgage broker, checked our credit reports, got a mortgage agreement in principle, checked local solicitors quotes and registered with local estate agents.. so far we are just looking at 1-2 properties a week.

To be honest I'm glad that we have got everything all ready and got a bit of experience of what to look for on viewings. We are really getting a close view of how the local market is doing - the whole experience is much more worthwhile than I thought, even just to get over the initial FTB *eek!* of it all! .

When we first started looking we didn't really know that much what we liked and didn't like and our views have changed slightly but now we are really focussed.

If we do see something amazing or the market suddenly turned we are in a position to move fast. We've have put one offer in for a property but it was soo low that we didn't expect it to be accepted (and it wasn't) so everyone is happy!

I'd suggest you do the same, there is no harm in now getting your financial stuff sorted and viewing a few properties. It is worthwhile and will keep your Dad happy so win win!

penguine

Maybe your dad's just worried you're going to spend the money on something else -- he might just need the reassurance that you're waiting for the right moment to buy, and that you have been considering the wider economic picture carefully.

We're also waiting to buy and it amazes me how many people who've lived through previous recessions think we should buy right now before the market shoots up again. You'd think they'd remember what a house price crash is like, but obviously they don't.

Dan:_4

You should listen to your dad.

The usual desperate doomers will say 'wait', but that's only because their salary is insufficient to buy even at today's prices. You should show your dad this thread, it will give him a good laugh.

Remember prices have fallen 20% - this is already as much as the 90s crash, and the signs are the bottom of the market is near. You could wait 12 months but prices are unlikely to fall by a significant amount during this time (maybe 10% if your lucky), but you run the risk of missing out on the current low-interest mortgage products that are currently available.

Your dad is right, start registering with Estate Agents and, depending on your area, aim to get 6-10% off the asking price while it's a buyers market.

inspector_monkfish

Dan: wrote: »

You should listen to your dad.

The usual desperate doomers will say 'wait', but that's only because their salary is insufficient to buy even at today's prices. You should show your dad this thread, it will give him a good laugh.

Remember prices have fallen 20% - this is already as much as the 90s crash, and the signs are the bottom of the market is near. You could wait 12 months but prices are unlikely to fall by a significant amount during this time (maybe 10% if your lucky), but you run the risk of missing out on the current low-interest mortgage products that are currently available.

Your dad is right, start registering with Estate Agents and, depending on your area, aim to get 6-10% off the asking price while it's a buyers market.

easily another 20% still to fall

Dan:_4

inspector_monkfish wrote: »

easily another 20% still to fall

yes, okay.:rolleyes:

inspector_monkfish

Dan: wrote: »

yes, okay.:rolleyes:

agreed then :beer:

JoeyG

On the other hand, if you say you're not looking to buy to invest then maybe you should be on the lookout now.

You wouldn't want your dream house to pass you by just because you were waiting for the market to bottom out, would you?

davilown

Dan: wrote: »

You should listen to your dad.

The usual desperate doomers will say 'wait', but that's only because their salary is insufficient to buy even at today's prices. You should show your dad this thread, it will give him a good laugh.

Remember prices have fallen 20% - this is already as much as the 90s crash, and the signs are the bottom of the market is near. You could wait 12 months but prices are unlikely to fall by a significant amount during this time (maybe 10% if your lucky), but you run the risk of missing out on the current low-interest mortgage products that are currently available.

Your dad is right, start registering with Estate Agents and, depending on your area, aim to get 6-10% off the asking price while it's a buyers market.

I still cannot believe that there are still people naive enough to believe that the market is recovering. There are no concrete signs of any recovery in the market. A blip perhaps, recovery no.

Keep hold of your money, you will be glad to have waited until at least next year. On top of that, interest rates are going back up by the end of the year and that will spell disaster for many home owners - although I am not for profiting on others sufferering etc, but the opportunity for cheaper property will be huge.