Scared To Death!

firsttimetom

meanmachine wrote: »

Homes in the US are half the price and twice as big.

So are their Big Mac meals. It just isn't fair

Dan_Collins_2

Do whats best for you, and fix it if its tight! You have to think ahead and what you have planned for a family etc. Its less than 50% of your income and any broker on here will say that most ppl are looking to borrow a higher % than you are. Although the fact you are spooked may help you make your mind up. Can you but cheaper?

WF3

Wow, thanks for all the advice

We sat down at the weekend and after reading this and thinking long term (kids, cars, unemployment etc) decided it's a bridge too far for us, yes we could do it but it seems too big a risk for us, especially as prices are leveling off now/dropping.

We will stay where we are and get saving

thanks x

Toto

I feel the same way, I'm renting a nice house far cheaper than I could buy. I've saved a good deposit and almost put an offer in on a property a few doors away. But, although it would be ours, we would be paying 50% more mortgage than rent, meaning we aren't saving much anymore and I really like seeing the money go into savings every month. So, we'll sit it out here until the time comes when we have to leave I think.