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'Want it now brigade'
vishpatel
Posts: 184 Forumite
Yes, I want to buy a reasonably priced home now. But I'm well aware prices are out of my reach, so I'm prepared to wait. In fact, pretty much all of my friends feel the same. I don't see any of them fretting about wanting to buy a property immediately without working for a good number of years and saving a deposit.
IMO the 'want it now' brigade are the ones who are spoilt by their parents. They don't bother seriously saving for a deposit themselves because they know their parents will 'cough up'.
IMO the 'want it now' brigade are the ones who are spoilt by their parents. They don't bother seriously saving for a deposit themselves because they know their parents will 'cough up'.
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you really have a bee in your bonnet about this one dont you?: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 -
yep.
I think this board needs a bit more balance on the flip side.
Far too much bashing of young FTB'ers who 'want it now' without anything to back up these claims, or even suggest why...
Don't have anything against you Lynz - I'm just defending FTB'ers who seem to get quite a pasting on here.0 -
Good on you vish.
If we enter a recession (for which there are a number of signs) then you will do well out of this.
Don't rush in but wait for the trough.0 -
Not sure if I'd do very well, but I would probably do better in relative terms.0
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I think of the 'buy it now' brigade when it comes to buying houses as the FTB's who are happy to get 100% + mortgages, sometimes have outstanding debts too... you are right to build up a deposit. I don't wish bad luck on anyone but I often wonder whether these 100% + mortgage FTBs really know what a state they could be left in if the market takes a downturn or interest rates rise.Yesterday is today's memories, tomorrow is today's dreams
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saraht wrote:I think of the 'buy it now' brigade when it comes to buying houses as the FTB's who are happy to get 100% + mortgages, sometimes have outstanding debts too... you are right to build up a deposit. I don't wish bad luck on anyone but I often wonder whether these 100% + mortgage FTBs really know what a state they could be left in if the market takes a downturn or interest rates rise.
Agreed. These people need to be told "the value of your property can go down as well as up" & "this is what your mortgage will be if interest rates go up to X%". I doubt these risks are fully explained though...0 -
house prices may rise and fall but i always see renting as dead money and wished to stop renting ASAP - spent 12k in last 4 years renting.
Even if prices do fall in a few years it will still probably work out better than renting for a few years and buying when there is a fall in price. Unless your (un)lucky enough to live free with the parents.‘It ain’t over 'til it's over’0 -
i think if these people need to told something this obvious you are wasting your time!!!vishpatel wrote:Agreed. These people need to be told "the value of your property can go down as well as up" & "this is what your mortgage will be if interest rates go up to X%". I doubt these risks are fully explained though...0 -
charlesworth82 wrote:i always see renting as dead money
Much like the interest payments on a mortgage.0
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