Buy now or save now?

aimex

Hey, i know this is a hot topic! Just wondered what everyones views are? Buy now or save now to increase the amount of deposit i will have to put down when i find something?

x

PoorDave

My vote goes for "save" if you don't own your own place at the moment - turbulent times ahead!

granville_2

good question. i don't think there is ever a 'right' time to buy a house, but suggest you do some research and also visit these sites:

http://www.housepricecrash.co.uk
http://www.globalhousepricecrash.com/

ymmv...

PoorDave

granville wrote:

good question. i don't think there is ever a 'right' time to buy a house, but suggest you do some research and also visit these sites:

http://www.housepricecrash.co.uk
http://www.globalhousepricecrash.com/

ymmv...

Take a balanced view though, don't necessarily believe the above sites as gospel!

:rotfl:

Zammo

I've spent the last 2 years saving every penny I have. So far I've amassed 34k. About the same ammount that the house that I wanted to buy has gone up in value.

Sometimes I wonder why I bother.

ollyshaw

I am saving right now. No rush for me.

Olly

PoorDave

Zammo wrote:

I've spent the last 2 years saving every penny I have. So far I've amassed 34k. About the same ammount that the house that I wanted to buy has gone up in value.

Sometimes I wonder why I bother.

Surely if you're taking the "saving" route, you're banking (literally!) on prices slowing down of falling before you purchase though? If that happens i think you'll remember why you're doing it

Worried

I don't know either!

I'm putting away about 1k a month at the moment, but house prices seem to be going up that much a month in my area. The kind of property I'm looking at went up 20k last year. With that and the increase in interest rates recently, I'm inclined to think I should just get on with it now, but personal circumstances mean it would be better to wait another 10 months or so. I just don't want to get in a worse position by waiting and not be able to afford a decent family home. I'm so confused!

Generali

House prices are very expensive historically but unfortunately that doesn't mean a crash is imminent. In your position, I'd wait until the time is right for you - don't be bounced into buying before your ready.

Ad

I've been following the House Price Crash website almost since day two of its birth and in that time prices have continued to rise. As a saver first I've always been very careful with money, but at some point if its affordable to you have to make a decision.

As a long term renter of over ten years and also utterly sick of it I now want to own a home.

bobby_davro_2

Ad wrote:

As a long term renter of over ten years and also utterly sick of it I now want to own a home.

Same boat as you Ad, and iv'e been thinking heavily about this since september and watching the market develop..

My decision.....

to Buy.... but try and rent out a spare room for some extra cash...