What is wrong with wanting cheaper homes

Jimmy_31

wotsthat wrote: »

If you are sure that you can a house a lot cheaper in the future then there's no reason to buy now.

Which is worse securing a house now and seeing it fall in value or waiting and finding they've gone up? If you are happy with your current living arrangements then there's not much to lose I suppose. However, you clearly want to buy - why take the risk you'll be stuck where you are for even longer?

Im 99.999999999999999999999999999999999% sure that houses in my area will not be increasing in price for the next few years at the very least.

Which is better, holding off from buying a house now and saving thousands of pounds, or buying one now and then watching them tank even more straight away.

It is plainly obvious to me that house prices in my area are going to keep falling so i have a chance of saving some money, i would be stupid not to take that chance.

Jimmy_31

RenovationMan wrote: »

What I don't understand is why someone who isn't going to buy for a long time would waste their time talking about houses so much? As I said previously, it just seems like torturing yourself.

What date are you selling your house ?

UrWntr

Jimmy_31 wrote: »

Im 99.999999999999999999999999999999999% sure that houses in my area will not be increasing in price for the next few years at the very least.

Which is better, holding off from buying a house now and saving thousands of pounds, or buying one now and then watching them tank even more straight away.

It is plainly obvious to me that house prices in my area are going to keep falling so i have a chance of saving some money, i would be stupid not to take that chance.

Hi Jimmy 31,

How much are you currently paying in rent?

How long are you planning to wait? What's your nominal house price fall prediction over this period?

What price house do you plan to buy?

How big is your deposit?

wotsthat

Jimmy_31 wrote: »

Im 99.999999999999999999999999999999999% sure that houses in my area will not be increasing in price for the next few years at the very least.

Which is better, holding off from buying a house now and saving thousands of pounds, or buying one now and then watching them tank even more straight away.

It is plainly obvious to me that house prices in my area are going to keep falling so i have a chance of saving some money, i would be stupid not to take that chance.

It's all relative I suppose. If you could buy the house you want for £30k now then why take the risk of them going up.

They might tank by another 30%. That's a big fall but as prices in your area seem to be so cheap it's only risking £9k and you'd be sorted.

I know what I'd be doing.

homelessskilledworker

Road_Hog wrote: »

Yep, I can answer that for you. Go and buy a house for £200k and see in drop in value by half to £100k and tell me if you like cheaper affordable housing. This is what makes me laugh, all the saddos wanting house prices to fall, but they'll be the first ones to squeal if they buy a property and prices carry on falling and push them into negative equity.

Affordable housing? It has to be subsidised by others, why should I pay more for my house just so that you can have a cheaper house? I'd like to drive a Ferrari, but I can't afford one. I accept that I don't earn enough to do so, I don't expect others to subsidise it, just because I want one.

No YOU go an buy a house for £200k, because I probably feel that it would not be worth that price tag right now. You decided that your £200k house was worth what you paid for it, and !!!!!! me, at the end of the day it is your money to do whatever you feel like doing with it.
ME on the other hand(going on your example) think it is really probably only worth £130k, now it being MY money I can choose like any other shopper if it is value right now, thats the concept of shopping where millions of items are bought every day at millions of different prices

ITS CALL A FREE MARKET.

Now should prices not fall back to £130k, then I will never get that property at that price, obviously.
Now should they fall to £130k, then it will be at a price I think correct and will buy... MARKET FORCES.



How on earth are you subsidising anyone, you thought your house was worth £200k, and thats what you paid Pal.

homelessskilledworker

MrsRee wrote: »

Graham bought half a house because he could only afford half a house. He cheers on house price falls, rising unemployment, and repossessions because he wants to buy a whole house on the cheap for buttons from a distressed hard-working family. Nice, eh?

So every house in the UK is owned by a hard working family?

I don't know why anyone bothers with this troll.

Chances are I bet that Graham has never cheered at rising unemployment or repossessions, AGAIN could you supply ONE link or example of him doing so.

As for him wanting house prices to fall, I cannot see a problem with him wanting that just as he may want a rainy day rather than a sunny one, he has no control over it.

Graham_Devon

homelessskilledworker wrote: »

So every house in the UK is owned by a hard working family?

I don't know why anyone bothers with this troll.

Chances are I bet that Graham has never cheered at rising unemployment or repossessions, AGAIN could you supply ONE link or example of him doing so.

As for him wanting house prices to fall, I cannot see a problem with him wanting that just as he may want a rainy day rather than a sunny one, he has no control over it.

I find it all rather interesting. It doesn't quite compute that a homeowner (regardless of percentage) would want to see price falls. This is unimaginable, as people cannot see outside of their perfectly square box. So the easiest thing to do is simply come up with an insult and go with that.

It doesn't require much thought. It doesn't require the person to try and understand anything they cannot grasp, and it's instant dismissal of any argument. They don't have to prove or discuss any of what they said, as instantly they write any poster with a different view and drown out what was said with insults.

I truly believe lower house prices would be good for the country.

I also believe it will be good for me trading up. So some of what posters have been saying is correct. However, it's also cheaper for EVERYONE trading up, UNLESS you are over your head in debt on the current house. The price differential is less. The legal fees less. The stamp duty less. The selling fees less.

I don't believe, as a parent, I would be wanting the best for my Son if all I wanted to see was increases in the cost of living. I'd rather, in all honesty, he was better off in relative terms to myself, and was able to provide not only financial security and the security of a home for his family....but also the benefits of a decent lifestyle, time spent with his family, rather than with work colleagues or commuting all hours god sends.

I've explained this several times, but apparently, these types of thoughts are simply me lying. It doesn't conform, and therefore, I'm making it all up, and really, deep down, I want to see another family chucked onto the street so that I can whip their house from underneath them.

It doesn't seem to cross these posters minds that if I had the means to actually whip these houses from under their feet, I wouldn't be in shared ownership. To be honest, I don't think they really care. It's just a very useful insult to prove themselves correct again and again.

DervProf

^

Excellent post Graham.

Jimmy_31

UrWntr wrote: »

Hi Jimmy 31,

How much are you currently paying in rent?

How long are you planning to wait? What's your nominal house price fall prediction over this period?

What price house do you plan to buy?

How big is your deposit?

My rent is not really an issue as i work away from home a lot, when im away i either Stay in a B&B, Caravan or stay on site so the cost to me is zero.

I have not really got a time frame for moving out and i dont know how much ill pay for a house.

I have about 40k saved so im now at the stage were i can buy a house outright in certain areas but may as well wait a bit longer as im saving more each week and house prices are dropping.

It will work out better for me in the long run as i work in the construction industry and it is now the worst i have ever seen it, i would not take a mortgage knowing i could be out of work for a long period of time with no notice.

I dont know what house prices will fall to in the areas i would like to live but im pretty sure ill be able to pick up a decent 3 bed semi for around 60k at some point.

Jimmy_31

MrsRee wrote: »

Graham bought half a house because he could only afford half a house. He cheers on house price falls, rising unemployment, and repossessions because he wants to buy a whole house on the cheap for buttons from a distressed hard-working family. Nice, eh?

That distressed hard working family could have had a sizeable amount in savings if they had not been paying a large mortgage for the last few years.

Lifes a lot less stressful when you have a lump of savings to fall back on.