Is it a good time to buy a house and fix the interest rate for as long as you can?

RelievedSheff

Crashy_Time said:

SpiderLegs said:

It’s amazing how some posters are almost in uproar about other people spending money when the cost of borrowing is so low.

Oh for the good old days when we had richer people creaming the interest on their savings and poorer people buying nothing or spending more of what little they had on financing costs.

And the cost of property is so high, with really only one direction for the cost of borrowing to go? Obviously the more switched on posters can see the potential pitfalls.

So what is your prediction for house prices and interest rates in 2022?

fewcloudy

RelievedSheff said:

Crashy_Time said:

SpiderLegs said:

It’s amazing how some posters are almost in uproar about other people spending money when the cost of borrowing is so low.

Oh for the good old days when we had richer people creaming the interest on their savings and poorer people buying nothing or spending more of what little they had on financing costs.

And the cost of property is so high, with really only one direction for the cost of borrowing to go? Obviously the more switched on posters can see the potential pitfalls.

So what is your prediction for house prices and interest rates in 2022?

Oh don’t, please.

lookstraightahead

To be fair, crashy's prediction is as valid as anyone else's, anything could happen. We're not in 'usual' times. 

RelievedSheff

fewcloudy said:

RelievedSheff said:

Crashy_Time said:

SpiderLegs said:

It’s amazing how some posters are almost in uproar about other people spending money when the cost of borrowing is so low.

Oh for the good old days when we had richer people creaming the interest on their savings and poorer people buying nothing or spending more of what little they had on financing costs.

And the cost of property is so high, with really only one direction for the cost of borrowing to go? Obviously the more switched on posters can see the potential pitfalls.

So what is your prediction for house prices and interest rates in 2022?

Oh don’t, please.

Ah come on. I'm intrigued what he thinks the future holds for 2022.

I can probably have a guess what he thinks will happen. But we all know how long he has been guessing that is going to happen!!

aoleks

Such junk on this forum, honestly. Stereotypes, lack of understanding of living costs, generalisations about cars and expensive holidays, contradictions and much more.

There’s nothing wrong with a 5% deposit, saving more means losing tons of money by continuing to pay rent and being outpaced by house price increases and rent increases. The moment you can buy, you buy.

The amount of deposit says nothing about your ability to service the mortgage, I know because despite “only” putting down 10%, I can easily pay 2 mortgages a month AND afford a “range rover”.

where are all these tragedies you keep mentioning, other than in hypothetical scenarios discussed on a forum?

even in negative equity and on a bad mortgage, my payment would be cheaper than any similar rent by at least several hundreds of pounds.

SpiderLegs

lookstraightahead said:

To be fair, crashy's prediction is as valid as anyone else's, anything could happen. We're not in 'usual' times. 

We can make an assessment on crashy’s predictions when he actually decides to make one.
As for the idea that everyone’s predictions are equally valid, well that’s just nonsense.

lookstraightahead

SpiderLegs said:

lookstraightahead said:

To be fair, crashy's prediction is as valid as anyone else's, anything could happen. We're not in 'usual' times. 

We can make an assessment on crashy’s predictions when he actually decides to make one.
As for the idea that everyone’s predictions are equally valid, well that’s just nonsense.

So is yours opinion valid, or nonsense? Just wondering who decides ....

I don't think your opinion is nonsense, but I'm happy to disagree with it. 

SpiderLegs

lookstraightahead said:

SpiderLegs said:

lookstraightahead said:

To be fair, crashy's prediction is as valid as anyone else's, anything could happen. We're not in 'usual' times. 

We can make an assessment on crashy’s predictions when he actually decides to make one.
As for the idea that everyone’s predictions are equally valid, well that’s just nonsense.

So is yours opinion valid, or nonsense? Just wondering who decides ....

I predict that all houses will cost 50p in February.

Getting_greyer

Everytime I share my predictions the thread gets deleted. 

nicknameless

SpiderLegs said:

lookstraightahead said:

SpiderLegs said:

lookstraightahead said:

To be fair, crashy's prediction is as valid as anyone else's, anything could happen. We're not in 'usual' times. 

We can make an assessment on crashy’s predictions when he actually decides to make one.
As for the idea that everyone’s predictions are equally valid, well that’s just nonsense.

So is yours opinion valid, or nonsense? Just wondering who decides ....

I predict that all houses will cost 50p in February.

Are you crashy?
Are you crashy?
Are you crashy in disguise?
..........
Are you crashy in disguise?

(sung to popular football chant tune)