SDLT pantomime

Wkmg

jonnygee2 said:

I's not as simple as you say. If you are a first time buyer living at home and there is likely to be a crash in the market it may make financial sense to wait.

I don't think you really get it.

You don't know if there is going to be a crash in the market. You will never know until it happens. If people knew there would be a crash, the crash would happen now, because no one would buy until the crash they knew was coming had happened. 

In retrospect, you may have been better off if it crashes. But also if prices go up or interest rates go up etc you may have been worse off. There's no way to predict it.

I think you don't get it. Knowing when a crash will come stops it being a gamble as you know the outcome. Obviously you don't know if there is going to be a crash. That's why its a calculated risk/gamble. It's a calculated risk that you won't lose your job, that the roof won't fall down the moment you're liable and that the market won't tank. Sometimes a crash is more likely than at other times. Sometimes your job is more at risk than at other times. If you are a cautious FTB with alternative cheap accommodation it's perfectly reasonable to wait it out a year if that's what you want to do. You just have to accept that you are taking a calculated risk/gamble as the market may end up being much more buoyant than you fear. 

jonnygee2

Sometimes a crash is more likely than at other times. 

In those times, house prices will be lower, reflecting the risk of a downward trend.

Wkmg

jonnygee2 said:

Sometimes a crash is more likely than at other times. 

In those times, house prices will be lower, reflecting the risk of a downward trend.

What's your point?