I am a cash buyer. Buy now or buy later??

System

Cash buyers are an extremely rare breed here, perhaps because noisy property shills chase them away with their abuse and insults. However, it is more likely they have gone AWOL from the market in general, not just from moneysavingexpert.com. Patures New and I seem to be the only ones on a mammoth national property buying forum.

bouicca21

I had to rent for nearly 2 years after my marriage broke up. It cost me well over £20k and I resent every penny. I ended up as a cash buyer. Once upon a time I was a FTB.

The point is that your first purchase costs real money but it insulates you from the market, and thereafter moving up or down the property ladder is little more than Monopoly money. If the price of your property is up, then what you want to buy is also up. If the price of your property has gone down, then so has the property you want to buy.

My first house cost £25k, it would sell now for £400k. Buying and thinking long term is a no brainer.

caprikid1

Diocletian_II wrote: »

Any other cash buyers here to give their views, over the noisy swarm of property-shills on here?

It's amazing there are no cash buyers on a property buying forum.

I think you are missing the point and misunderstanding stats yet again.


MAYBE SOMEONE CLEVER ENOUGH TO SAVE / GENERATE ENOUGH WEALTH TO BUY PROPERTY DOES NOT WASTE TIME ON A FORUM SHOUTING ABOUT IT !.


By hey you are the great statistician CRASHY.

System

You are not a cash buyer in the current market. I'm looking for current cash buyers to see what they are currently thinking. They seem to be non-existent in the marketplace. It's very revealing when a whole class of buyers has gone AWOL from the market. Astonishing in fact.

caprikid1

Diocletian_II wrote: »

You are not a cash buyer in the current market. I'm looking for current cash buyers to see what they are currently thinking. They seem to be non-existent in the marketplace. It's very revealing when a whole class of buyers has gone AWOL from the market. Astonishing in fact.

Can you explain the relevance of "Cash Buyer".


You are either a buyer or not.


I guess your cash is inherited as you are clearly not smart enough to have generated it yourself.

System

A cash buyer is someone who currently has cash to spend, and is browsing the marketplace. They are the most independent and liquid around, and will be aware that they are cash buyers, because they have cash on deposit or in liquid assets.

The disappearance of an entire class of buyer from the market is really quite phenomenal. I wonder if/when it has happened previously.

caprikid1

"The disappearance of an entire class of buyer from the market is really quite phenomenal. I wonder if/when it has happened previously."


Can you please point us to some empirical evidence or is just something else you have made up on the spot ???


Is there published figures out there you are relying on ? Previous forays into the market ?


You have come into a wedge of cash you were not smart enough to generate and are so scared of losing a bit you will sit on the fence for ever.

System

Cash buyers, apart from Pastures New and me, seem to be AWOL or in hiding on a property buying forum, which presumably reflects the marketplace.

The noise on this forum is coming from the many many noisy property owner-shills, who are shouting their abuse and insults very loudly. But as they say, empty vessels make the most noise.

ReadingTim

Diocletian_II wrote: »

A cash buyer is someone who currently has cash to spend, and is browsing the marketplace. They are the most independent and liquid around, and will be aware that they are cash buyers, because they have cash on deposit or in liquid assets.

The disappearance of an entire class of buyer from the market is really quite phenomenal. I wonder if/when it has happened previously.

However, the vast majority of buyers are not cash buyers - they require a mortgage. Therefore, the disappearance of a small and relatively insignificant class of buyer from the market is really quite small and insignificant. It has happened previously. However, the upward trend in prices continues.

System

Cash buyers are the most liquid class of buyer, which makes them far from insignificant, because markets require liquidity to support them, although liquidity alone cannot support markets. Their disappearance is simultaneous with price falls.