Is this buyers remorse?

Crashy_Time

ReadingTim wrote: »

You're falling into that trap yourself with your use of question marks, but Andrew Marr probably summed it up better:

Andrew who? You don't really get how sentiment is moved do you?

ReadingTim

Crashy_Time wrote: »

Andrew who? You don't really get how sentiment is moved do you?

I think you're confusing sentiment with echo chamber.

_CC_

Crashy_Time wrote: »

The question I ponder is, why do you have such a rabid interest in trying to undermine someone who is cash rich and doesn`t shell out too much in rental costs?

Crashy, all this 'cash' you've got, is it actually in cash/savings or do you have it invested anywhere (or do you think stocks, bonds and other asset classes are also bubbly)?

What's you plan with this cash, wait for the crash to buy a property or do you intend to continue renting the rest of your life?

LKRDN_Morgan

So it turns out it wasn't buyers remorse after all. The stress of moving and the long journey to actually own our on home was over. It was overwhelming. But happy to say I'm now very happy and have just finished decorating the entrance hall. Not that exciting of course but when you've spent years living in outdated rentals needing the landlords permission to do anything it was a nice feeling

Hillbilly1

That's fab to hear. I caught up,on this today and wanted to say we had similar.

Not for as long as you, but walked in and saw the awful DIY hidden by furniture, the hideous flooring hidden by rugs, the cat p*ss covered and flea infested carpet.

It took months to get rid of the fleas and it affected our pets. I'll never forget my poor husband picking dead fleas from the cats fur.

It does take time to settle and I hope talking about it helped, even if the thread went off topic!

Crashy_Time

ReadingTim wrote: »

I think you're confusing sentiment with echo chamber.

Since the MSM joined in on the crash talk the echo chamber is quite large though?

armchaireconomist

Crashy time at it again i see; do you ever stop? The only "crash" that's going to occur is in ludicrously expensive areas where the prices are propped up by over-demand, BTL landlords and foreign investors. Foreign investors and BTL are deserting these properties in droves following Brexit and tax-changes, it'll bring properties down to sane levels where people can actually afford to live in a house again.


Even that will recover when the government realises without private BTL investors there aren't even rentals available for social underclasses and has to revert the tax changes to encourage them back, Private investors will return in numbers when they realises the sky hasn't fallen in because we left a undemocratic political matriarch posing as a central marketplace.


Swings and roundabouts.


I live in Northumberland where houses are relative to income and not inundated with property investors - value won't flicker.

Mrs_Z

Another vote for totally normal! I think it's the adrenaline levels dipping... they've most likely to have been abnormally high for the past few months during the stressful buying process. Give it 24hrs!!! and Congratulations!

Crashy_Time

armchaireconomist wrote: »

Crashy time at it again i see; do you ever stop? The only "crash" that's going to occur is in ludicrously expensive areas where the prices are propped up by over-demand, BTL landlords and foreign investors. Foreign investors and BTL are deserting these properties in droves following Brexit and tax-changes, it'll bring properties down to sane levels where people can actually afford to live in a house again.


Even that will recover when the government realises without private BTL investors there aren't even rentals available for social underclasses and has to revert the tax changes to encourage them back, Private investors will return in numbers when they realises the sky hasn't fallen in because we left a undemocratic political matriarch posing as a central marketplace.


Swings and roundabouts.


I live in Northumberland where houses are relative to income and not inundated with property investors - value won't flicker.

Prices are propped up by credit availability, low interest rates, and government schemes such as HTB, plus sentiment (which is rapidly shifting to negative on property) small changes to any of these variables now will make a massive difference, people need to think hard before getting into sizeable mortgage debt IMO.

armchaireconomist

Credit availability? Mortgage lending is at its most stringent since 2008. Interest rates are irrelevant as they have to stress test you for affordability if they were to rise.


What sentiment? Can people just change their minds and decide, actually, they don't want anywhere to live?


Listen to yourself, crashy.