Fearful buyers - what is the source of your fear?

babyblade41

SpiderLegs wrote: »

FWIW I think you are lovely and I can’t wait to hear more from you

x

:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

Davesnave

SpiderLegs wrote: »

FWIW I think you are lovely and I can’t wait to hear more from you

x

I'm sure you will; his sort don't stop till the men in white arrive.

System

Just because buyers are frightened does not make them mentally ill.

lisyloo

Diocletian_II wrote: »

What's the hurry? It seems to be owners who are the most keen for buyers to be impatient to buy their overpriced offerings. Owning an overpriced substandard property would be a very scary nightmare.

The problem for most people is that they have to pay rent a large part of which is wasted money.
When you buy each month you are effectively saving most of the money you are paying, so it makes sense to start as soon as you can.

I’m 51 now and I’ve done pretty well mainly because I started saving early through both my home and my pension pot.
It’s like a snowball and the sooner you start the earlier you get to the point that the gains are large. I’m around the point where my property/pension are earning more than me.

Obvious paying more than market value or buying something substandard just for the sake of getting on the ladder is silly.
You need to buy something suitable at least for the medium term and not overpay.

I’m not keen for anyone to do anything (it doesn’t affect me as I’m not selling for ages), but I do believe the earlier you start saving the better off you’ll be due the snowball effect (your gains make gains).

If you are living at home and happy with that arrangement then that’s a different matter because you can save without buying a property (if you’re disciplined) but a lot of people will be renting and that has issues too (lack of security and can’t make alterations to have it how you like).
One of the advantages of mortgages and pensions as a way of saving are that they work for the vast majority and don’t rely on much discipline.

It’s possible property will go down after brexit and also possible it will rebound if we get a deal.
No one knows.
Some people thought in 2001 that property would crash.
Some were so convinced they sold to rent.
They were wrong and some lost a lot of money.

Given we can’t predict it’s as simple as starting saving as soon as you can, subject to finding the right property at the right price.

Saying you have to buy an overpriced substandard property is biased.
Why would you have to do that? Or want to do that?

Grampus8

Diocletian_II wrote: »

True. Many are now realising the dream they were sold of a magic property money tree was false. But many still seem to be in denial about the dying of the light. The collective awaking is slow.

I am now convinced. This is just Crashy's second login designed to agreed with himself.

Cakeguts

I worked through the whole of this thread and then wished I hadn't. I have no idea what it is about.



If you want to rent a home do that. If you don't want to rent a home you will have to buy one. It is about getting somewhere to live not whether you are doing it at the right time or not. I would suggest a cardboard box underneath a canal bridge somewhere that way you can always get another if the one you had to start with starts get a bit wet.

RelievedSheff

Diocletian_II wrote: »

Though best not to throw it away on a dodgy property that won't sell, when there are better ways to spend it. No doubt there are plenty of people who will not see buying a dodgy, overpriced and unsellable property as the height of their life's achievement.

Probably best to not spend your limited time worrying about something you will never own as well.

You need a hobby. Sewing perhaps?

RelievedSheff

Diocletian_II wrote: »

Just because buyers are frightened does not make them mentally ill.

It does when they continually drone on and on about it on a public forum and then get ratty when no one (except their sock puppet) agrees with them.

RelievedSheff

Cakeguts wrote: »

I worked through the whole of this thread and then wished I hadn't. I have no idea what it is about.



If you want to rent a home do that. If you don't want to rent a home you will have to buy one. It is about getting somewhere to live not whether you are doing it at the right time or not. I would suggest a cardboard box underneath a canal bridge somewhere that way you can always get another if the one you had to start with starts get a bit wet.

He can probably come up with a hundred and one reasons why a cardboard box is not a sound investment and his money would be better of in non existent gold instead :rotfl::rotfl::rotfl:

triathlon

Diocletian_II wrote: »

I'm fearful about buying now because of the falling prices in the south, missing out on better prices down the road, or buying somewhere that may be difficult to re-sell if needs be without suffering a loss.

I'm interested to know what the source of other fearful buyers' fear is? Perhaps Brexit predictions? Or keeping up mortgage repayments in a recession?

And how long are you willing to wait, how long are you going to put a hold on your life, how long are you going to give into fear?, 2, 5, 10 years or longer. That tactic is not for me, I would not of wasted one minute trying to gamble the housing market at the expense of a great family life.