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Debate House Prices
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Mortgage Rates going UP, UP, UP
Comments
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With that headline I thought you were "Horse in Hat Man" for a moment Ad
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Well if it's coming across as 'advice', then I apologise, it's really just an opinion, but to be honest, if my circumstances were different, I still wouldn't buy now, there is too much bad news going into the future.
It seems as though you wouldn't buy at all based on your posts so far, but you wouldn't suggest renting long term either! This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
It seems as though you wouldn't buy at all based on your posts so far, but you wouldn't suggest renting long term either!
Quite correct, long term renting wouldn't be something that would be of interest to me, it's good to 'use it' to protect yourself from the falls which I still think have a significant way to go, but I wouldn't want to be hamstrung long term by a landlord's whims, I will buy when the time is right, that time just isn't now.0 -
Well if it's coming across as 'advice', then I apologise, it's really just an opinion, but to be honest, if my circumstances were different, I still wouldn't buy now, there is too much bad news going into the future.
That's OK Ad, I wasn't having a go at you personally, it's just that I've noticed a lot of 'bears' and 'bulls' who post very strong views on here about the property market but forget that they're only really basing those opinions or advice on their own circumstances, and we are all different.
I still maintain that for some people, buying and fixing sooner is better than waiting and buying later, but as ever, people should DYOR!!
Good luck with your strategy though ad, it'd be great to buy without a mortgage (though we'll miss you on the MFW board
) - certainly something worth waiting for. Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
[strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!!
● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.730 -
What if your personal circumstances dictated buying in Tokyo in 1989?Dithering_Dad wrote: »It's always a good time to buy a house, if personal circumstances dictate so.0 -
When houses have fallen a further 10-15% sanity will be restored to the market.Dithering_Dad wrote: »Why not? If you use a pure monetarist calculation to justify not buying this year or next year then does the argument not hold up indefinitely?0 -
JayScottGreenspan wrote: »What if your personal circumstances dictated buying in Tokyo in 1989?
I've never been to Japan, and I suspect that getting a work permit would be difficult, Mrs Dither and the kids would probably be against it, we'd struggle because we don't speak the language but I think the most overriding reason why our personal circumstances simply couldn't dictate us buying in Tokyo in 1989 is because we just don't own a time machine.Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
[strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!!
● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.730 -
I hold that it is better for some people to rent: even longish term. For example, low income people entitled to LA housing or support with rental costs who would be on the higher end of affordabilty -or even, unaffordabilty, to buy.0
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With that headline I thought you were "Horse in Hat Man" for a moment Ad
Whatever happened to him? I thought his posts were hilarious.Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
[strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!!
● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.730 -
JayScottGreenspan wrote: »When houses have fallen a further 10-15% sanity will be restored to the market.
How long with that take?Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
[strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!!
● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.730
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