Even Merryn gets it..... (at last)

wherediditallgothen

HAMISH_MCTAVISH wrote: »

I've never seen a bull on here make that statement.

IN fact, it only seems to come from the mouth of bears.....

Do you actually read anything on here? Or do you just come here to post?

nollag2006

wherediditallgothen wrote: »

Do you actually read anything on here? Or do you just come here to post?

I don't think any of the more bullish contributors have ever predicted that house prices will rise incessantly. I would be intrigued to see if you can cite a single quote.

Indeed, in early 2010 I predicted that we will be in positive territory over 2010, but that there would be wobbles over the Summer:
http://forums.moneysavingexpert.com/showpost.html?p=28357639&postcount=35

We may see some stagnation after the election, with the inevitable tax rises, but I'd say that most folks have factored these into their equations given the huge pre-warning

Davesnave

nollag2006 wrote: »

Ken Dodd - another classic joker, but even he would probably have laughed at the recklessness of STR !

That's Nosferatu the Vampire, surely? :eek:

STR worked for us, so I'll laugh along with Ken. I don't recommend it to anyone else though. It was more about us finding the right property, not just the money.

wherediditallgothen

It's hardly a ringing endorsement of the UK housing market is it? Not that Hamish cares as he obviously hasn't read it. He sure hasn't read the comments

Cleaver

Batchy wrote: »

But if you decide not to buy, do you decide not to buy now and save, or decide not to buy now and spend instead.

If you save ... then after paying rent, in effect what will you be saving? In my case it would be nothing if not dipping into savings to pay the high rents. So paying down a mortgage regardless of the capital cost is a reasonable idea.

True, and I agree with your points. But this is looking at it from a rational, sensible, financial point of view. I was more talking about a cultural tipping point or something, where a lot of 25 year olds in the South of England look at a £250k terrace and think, "nah, can't be fussed with that".

I'm in my twenties and own a house, but it's in the North of England. If I lived in a variety of areas in the house our house would cost double what it does here and, at my age, I wouldn't personally want to take on that level of debt, whatever the financial calculations regarding mortgage vs rent.

By the way, I'm not saying this cultural thingymabob will happen. I'm just saying that it could happen and it would be interesting if it did.