We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Is now a good time to buy for FTBs
Comments
-
theartfullodger said:Buying property is a bit like getting married.
You won't know until some years later if it was a good idea on not......0 -
Sarah1Mitty2 said:theartfullodger said:Buying property is a bit like getting married.
You won't know until some years later if it was a good idea on not......5 -
MEM62 said:Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?
But even if circumstances for most are different and they cannot release the equity, they will still one day be in a position where they do not have monthly rent costs. You cannot, particularly when looking at your latter years, be in a better position by paying rent. So anyway you look at it, buying your home is an investment with considerable benefit.0 -
Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?
But even if circumstances for most are different and they cannot release the equity, they will still one day be in a position where they do not have monthly rent costs. You cannot, particularly when looking at your latter years, be in a better position by paying rent. So anyway you look at it, buying your home is an investment with considerable benefit.
It is unlikely for most people, in anything other than circumstances contrived purely for mathematical demonstration or a complete collapse of the economy which would likely drag down most alternative investments as well, that they will be better off paying rent which returns no equity stake in a property than by paying a mortgage which does.3 -
CSI_Yorkshire said:Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?
But even if circumstances for most are different and they cannot release the equity, they will still one day be in a position where they do not have monthly rent costs. You cannot, particularly when looking at your latter years, be in a better position by paying rent. So anyway you look at it, buying your home is an investment with considerable benefit.
It is unlikely for most people, in anything other than circumstances contrived purely for mathematical demonstration or a complete collapse of the economy which would likely drag down most alternative investments as well, that they will be better off paying rent which returns no equity stake in a property than by paying a mortgage which does.
"Equity Stake" is another term thrown about far too loosely IMO, initially if using a mortgage you have a Debt Obligation that will last for decades, how much equity or otherwise that can be released from the property depends on many factors that you can`t really control, including when you bought, I can`t see many recent buyers having oodles of equity can you? That was the preserve of people who bought a long time ago and got out in time."Equity Stake" was also a term used to encourage people into HTB type schemes wasn`t it, and look how that turned out?0 -
Sarah1Mitty2 said:CSI_Yorkshire said:Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?
But even if circumstances for most are different and they cannot release the equity, they will still one day be in a position where they do not have monthly rent costs. You cannot, particularly when looking at your latter years, be in a better position by paying rent. So anyway you look at it, buying your home is an investment with considerable benefit.
It is unlikely for most people, in anything other than circumstances contrived purely for mathematical demonstration or a complete collapse of the economy which would likely drag down most alternative investments as well, that they will be better off paying rent which returns no equity stake in a property than by paying a mortgage which does.
"Equity Stake" is another term thrown about far too loosely IMO, initially if using a mortgage you have a Debt Obligation that will last for decades, how much equity or otherwise that can be released from the property depends on many factors that you can`t really control, including when you bought, I can`t see many recent buyers having oodles of equity can you? That was the preserve of people who bought a long time ago and got out in time."Equity Stake" was also a term used to encourage people into HTB type schemes wasn`t it, and look how that turned out?2 -
Sarah1Mitty2 said:CSI_Yorkshire said:Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?
But even if circumstances for most are different and they cannot release the equity, they will still one day be in a position where they do not have monthly rent costs. You cannot, particularly when looking at your latter years, be in a better position by paying rent. So anyway you look at it, buying your home is an investment with considerable benefit.
It is unlikely for most people, in anything other than circumstances contrived purely for mathematical demonstration or a complete collapse of the economy which would likely drag down most alternative investments as well, that they will be better off paying rent which returns no equity stake in a property than by paying a mortgage which does.
"Equity Stake" is another term thrown about far too loosely IMO, initially if using a mortgage you have a Debt Obligation that will last for decades, how much equity or otherwise that can be released from the property depends on many factors that you can`t really control, including when you bought, I can`t see many recent buyers having oodles of equity can you? That was the preserve of people who bought a long time ago and got out in time."Equity Stake" was also a term used to encourage people into HTB type schemes wasn`t it, and look how that turned out?
previous post where you asked someone to “imagine” buying at the height of the market, as you did in this post. I answered you with a non-fictive case that’s exactly your nightmare scenario: buying at the peak of the market, extremely low interest rates, 2 years fixed instead of five and so on.
Address my post or stop talking about things you have no clue about.0 -
johnhenstock said:Sarah1Mitty2 said:CSI_Yorkshire said:Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?
But even if circumstances for most are different and they cannot release the equity, they will still one day be in a position where they do not have monthly rent costs. You cannot, particularly when looking at your latter years, be in a better position by paying rent. So anyway you look at it, buying your home is an investment with considerable benefit.
It is unlikely for most people, in anything other than circumstances contrived purely for mathematical demonstration or a complete collapse of the economy which would likely drag down most alternative investments as well, that they will be better off paying rent which returns no equity stake in a property than by paying a mortgage which does.
"Equity Stake" is another term thrown about far too loosely IMO, initially if using a mortgage you have a Debt Obligation that will last for decades, how much equity or otherwise that can be released from the property depends on many factors that you can`t really control, including when you bought, I can`t see many recent buyers having oodles of equity can you? That was the preserve of people who bought a long time ago and got out in time."Equity Stake" was also a term used to encourage people into HTB type schemes wasn`t it, and look how that turned out?
previous post where you asked someone to “imagine” buying at the height of the market, as you did in this post. I answered you with a non-fictive case that’s exactly your nightmare scenario: buying at the peak of the market, extremely low interest rates, 2 years fixed instead of five and so on.
Address my post or stop talking about things you have no clue about.
1 -
Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?
But even if circumstances for most are different and they cannot release the equity, they will still one day be in a position where they do not have monthly rent costs. You cannot, particularly when looking at your latter years, be in a better position by paying rent. So anyway you look at it, buying your home is an investment with considerable benefit.0 -
Sarah1Mitty2 said:CSI_Yorkshire said:Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?Sarah1Mitty2 said:MEM62 said:Sarah1Mitty2 said:MEM62 said:tbo127 said:Is now a good time to buy for first time buyers given the falling property prices?
If you need somewhere to live you can either buy or rent. The former is an investment, the latter isn't.
Yes, you can walk away from a rental but what that got to do with the fact that buying your home being an investment? Making life decisions based only on what you can easily walk away from is hardly the best philosophy, is it?
But even if circumstances for most are different and they cannot release the equity, they will still one day be in a position where they do not have monthly rent costs. You cannot, particularly when looking at your latter years, be in a better position by paying rent. So anyway you look at it, buying your home is an investment with considerable benefit.
It is unlikely for most people, in anything other than circumstances contrived purely for mathematical demonstration or a complete collapse of the economy which would likely drag down most alternative investments as well, that they will be better off paying rent which returns no equity stake in a property than by paying a mortgage which does.
Assuming of course that the cheap rental is of a similar standard to the mortgaged house, and the cheap rental hasn't launched up in price as well?Any time I've looked, rent has been significantly more than a mortgage, and if you're paying any capital back on the mortgage then after 20-30 years you get to stop paying once it's cleared. Even ignoring equity entirely, over the longer term the mortgage is a better idea.As for over-extending and buying at peak before rates flew up, that definitely sucks and will force some people to downsize, but to most of them it's going to be largely irrelevant in 20 years time.When I bought just before the 2008 crash I was in about £30k negative equity almost immediately, but I sold it recently with £70k positive equity. Had I rented the same thing I'd have paid out twice as much and got nothing back on it.0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.5K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards