Really confused about what I want :(

danlightbulb

theoretica said:
You need to make decisions on things as they are now and with and eye to how they might be in future, not looking to the past.

Yeah I get that but it has significantly moved the goal posts hasn't it. For whatever reason (and there were several), I didn't buy before and now the costs have risen substantially since then. Its not marginal changes, and its significantly altering both my ability to buy and my desire not to get fleeced.

MFWannabe

theoretica said:

danlightbulb said:

RelievedSheff said:

90% LTV mortgages are becoming available again. Accord today have launched their new range.

https://www.financialreporter.co.uk/mortgages/accord-launches-permanent-90-ltv-range.html

Not sure you can use mortgage availability as an excuse.

But look at those rates! Less than 6 months ago I was getting 2.09%. Base rates haven't changed.

Its not an excuse is it when this adds over well over £100 to my monthly costs. I thought some availability/rates might have changed lately but not to this extent. I was just starting to get more positive about what I was seeing as well.

I am pushing my limit with monthly budget as it is, I simply do have not much room to move without seeing a compensation effect in the sale price. 

Looking at what things were really won't help you - unless you have a time machine in which case I want it to go back and buy a place in about 2000 when I thought about it vaguely and decided I didn't like anything I could afford - would really like to have had the property value increase between then and when I did buy in my pocket.  But I don't.  You need to make decisions on things as they are now and with and eye to how they might be in future, not looking to the past.

Oh that would be good wouldn’t it! Wow they were cheap. If we’d had crystal balls and could have afforded it we could have well cashed in 😀

janoid19

Well don't buy then and stay wasting money on rent, but then in a year or 2 time if the rates haven't dropped or have risen your going to be in a worse position and never be able to buy.

At least if you bought now you are putting money into a property rather than paying for someone else's.

MFWannabe

danlightbulb said:

theoretica said:
You need to make decisions on things as they are now and with and eye to how they might be in future, not looking to the past.

Yeah I get that but it has significantly moved the goal posts hasn't it. For whatever reason (and there were several), I didn't buy before and now the costs have risen substantially since then. Its not marginal changes, and its significantly altering both my ability to buy and my desire not to get fleeced.

So you’d rather get fleeced by paying rent and someone else’s mortgage 
👏👏👏👏

getmore4less

hazyjo said:

It's like people who miss a recession and refuse to buy. We're still pretty much in it. Prices haven't really risen much in the last 3-4 years. My last house nearly doubled in price in 3 years. Bought just over £225k and sold for £515k. It's all relative for those of us who own as everything else rises and falls with it.

But for those starting out or with nothing to sell, it don't get much better than what it's currently like. So you missed the very bottom. But only barely.

Or you could listen to crashy and miss every dip in the market and be forever renting. 

danlightbulb

Fleeced by the banks, fleeced by rent. No choice not to get fleeced these days is there.

MFWannabe

I’m really beginning to think either you are Crashy or this complete post is a wind up 

janoid19

MFWannabe said:

I’m really beginning to think either you are Crashy or this complete post is a wind up 

I was just thinking this must be a wind up too. 

danlightbulb

MFWannabe said:

I’m really beginning to think either you are Crashy or this complete post is a wind up 

I dont see how you can't see that I would be concerned by the *significant* step change in the mortgage rates and availability and the impact that has had on my costs. Do you not think my monthly affordability should be a legitimate concern for me to have? i agree renting is a waste but that doesn't mean I want to (or even can) throw money willy nilly at owning either.

JGB1955

janoid19 said:

MFWannabe said:

I’m really beginning to think either you are Crashy or this complete post is a wind up 

I was just thinking this must be a wind up too. 

But just think - we all know far more than we need to about houses for sale in DY4... and all those vendors are wondering why they have so many hits on their Rightmove page.