To buy a house, or not to buy a house?

TonyTeacake

Woolsery said:

eidand said:

do what's best for you mate, but most importantly do no listen to these spammers who think they have a clue what's going on with the market

This is the reason there are no debate sections on MSE now; people so invested in a particular view they resort to rudeness.

Why is it impossible for you to say,"I don't believe anyone here is able to read the financial situation ahead accurately, so you must take your own view on whether buying into the current market would be wise."  ?

What you haven't said is who the OP might seek advice from. There are plenty of analysts out there. I follow a wide range of them, but for easy understandability and a British POV Neil McCoy-Ward on You Tube is a resonable starting point. Perhaps the OP could note that before the thread disappears..... any time now!

I agree some people on here can get rude towards you and call you names if they don't like your point of view, I do find this behaviour very childish.

I have seen a few videos of Neil McCoy-Ward and he does talk about some interesting things and what may happen. I am not sure I agree with everything he says but some of the things he is saying are starting to play out so he obviously is doing his homework.

Schwarzwald

in my eyes depends on the intention of the purchase.

If aim is to to live in the property, would be more inclined to go ahead.

If aim is for investment purposes, would wait for 6-8 months.

Ideally and given overall market volatility / recent/expected interest rate moves, I would wait a bit if you are not under pressure right now. I dont think increasing interest rates are yet fully priced into the market right now, would rather expect prices to come down / remain flat'ish in the rest of 2022, but that matters less if you intend to live in the property longer term.

newsgroupmonkey_

TonyTeacake said:

So are you calling anyone who predicts a crash a spammer? 
Also if you have all the answers to what is going on in the markets please give me your explanation?

Arguably yes. Because you've been told a number of times to stop debating house prices.

I'll put the link up again with the rules as you appear unable to read it.

https://forums.moneysavingexpert.com/categories/debate-house-prices-the-economy

Scotbot

Back to the original question of buying vs renting.  Assuming you plan to live in it buying is likely to be the better bet long term but it us not just about money. If you buy a house you can alter it, decorate it how you like and have pets. In other words live how you want to live.  Flats are different as leases have restrictions. If you are thinking of buying  a house I would go ahead, if you are thinking of buying a flat l would consider how long you plan to be there. In the short term renting may give you more flexibility