Nationwide, Biggest jump in prices in 14 months

triathlon

https://www.bbc.co.uk/news/business-51293687

And this is with people knowing that Brexit is now 100% on it's way, this country is not pessimistic, at least the majority are not, we are sitting on the eve of a new fantastic era

stehouk

The bigger the jump.........the bigger the fall.....

triathlon

stehouk wrote: »

The bigger the jump.........the bigger the fall.....

Just over 20 years I have been hearing that, while I might add I paid off a few mortgages

stehouk

I can guarantee as soon as i buy there will be a humdinger of a housing market crash.

triathlon

stehouk wrote: »

I can guarantee as soon as i buy there will be a humdinger of a housing market crash.

The trick is just to get on the ladder and not to try and time it Buddy, best way to waste your life if you do try and time it, just read the posts on this board to find that out

Jonbvn

stehouk wrote: »

I can guarantee as soon as i buy there will be a humdinger of a housing market crash.

I think you may be over analyzing it. There will inevitably be troughs and peaks in the shorter term, but in the long term this is somewhat irrelevant, on the assumption you are looking for somewhere to live, rather than a short term investment.

stehouk

Short term max 5 -6 years then retire to Spain (hopefully) i'm in rented at the moment (which i am happy with) but the landlord selling this year so it's left me with a dilemma, rent again (no rentals available in the area) or buy 10 miles away from where i live now, i'm 58 so a long mortgage is out of the question otherwise i would buy and ride out a crash if i was younger.

RelievedSheff

stehouk wrote: »

Short term max 5 -6 years then retire to Spain (hopefully) i'm in rented at the moment (which i am happy with) but the landlord selling this year so it's left me with a dilemma, rent again (no rentals available in the area) or buy 10 miles away from where i live now, i'm 58 so a long mortgage is out of the question otherwise i would buy and ride out a crash if i was younger.

If you plan to retire and move on in 5-6 years you are probably best off just renting again.

The costs involved in buying and selling may well wipe out any gains in value that a property makes.

Buying for the long term however is a different story.

phillw

triathlon wrote: »

And this is with people knowing that Brexit is now 100% on it's way, this country is not pessimistic, at least the majority are not, we are sitting on the eve of a new fantastic era

You THINK you are, but the majority believing something and it being true are completely separate.

RelievedSheff

There is always a pessimist around even amongst all the good news........

MobileSaver

stehouk wrote: »

Short term max 5 -6 years then retire to Spain (hopefully) i'm in rented at the moment (which i am happy with) but the landlord selling this year so it's left me with a dilemma, rent again (no rentals available in the area) or buy 10 miles away from where i live now

For me it would be a no-brainer to buy; you get to stay in your current area and you choose when you decide to move to Spain or wherever.

The alternative is to rent in a different area with the risk you might have to move again in six or so months time if the next landlord also decides to sell up. The HPC crowd seem to think landlords are selling up in their droves due to the new tax changes so you may end up being forced to move several times over the next six years if you decide to keep renting; only you know whether that is something that would bother you or not.