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FTB's - don't buy now!

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Comments

  • Jowo_2
    Jowo_2 Posts: 8,308 Forumite
    brit1234 wrote: »
    Maybe.

    If prices keep going down and my deposit gets bigger it is a win win situation.

    If price inflation takes place and you can only save a deposit proportional to it.....

    I've mentioned this before but I find Private Eye's take on the property market quite refreshing.

    'Today it was reported that property prices are falling/staying the same/increasing'
  • Batchy
    Batchy Posts: 1,632 Forumite
    brit1234 wrote: »
    Well I am holding back and enjoying the price falls. I have spent 7 years saving a deposit to waste it by buying today. 6-9 months prices will be a lot lower and my deposit bigger.

    been telling myself this for the last 4 years... its happened...
    if your having a punt then so be it, but 6 months is not a lot of time... you could be putting low offers in already if thats the case
    Plan
    1) Get most competitive Lifetime Mortgage (Done)
    2) Make healthy savings, spend wisely (Doing)
    3) Ensure healthy pension fund - (Doing)
    4) Ensure house is nice, suitable, safe, and located - (Done)
    5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)
  • joerugby
    joerugby Posts: 1,180 Forumite
    Part of the Furniture Combo Breaker
    It's not a ladder. In fact over the next 20 years it might turn out to be a snake.

    Buy a house by all means but as a place to live, not as an investment.
  • Thermidor
    Thermidor Posts: 269 Forumite
    carolt wrote: »
    House prices likely to fall by a quarter in two years



    House prices in Britain could crash by 25 per cent before mid-2010, forecasters at Capital Economics have warned. That would wipe £45,000 off the value of an average house, currently worth £180,000.

    http://www.guardian.co.uk/business/2008/mar/30/housingmarket.houseprices


    Well that didn't happen did it?!

    CarolT, that post is 2 years old.Oh dear. You're wrong again.

    Get back to your paper-round.
  • Thermidor
    Thermidor Posts: 269 Forumite
    PasturesNew wrote: »
    Bump needed? Not even read it yet... how far out were they?

    And you still haven't started your medication I see? Your eyes must ache staring at your PC screen 24 hours a day.

    Get back to your Gloom Board where you belong. You're never going to be a homeOWNER - so stop fantasising and wishing. It ain't gonna happen for you. Just like it won't for CarolT.

    Miaow!
  • Thermidor
    Thermidor Posts: 269 Forumite
    pickles110564 wrote: »
    Still spreading DOOM then carol, Mid 2010 gone and prices going up! Oh dear surely you did not miss the boat this time?



    She's ALWAYS missed the boat1 He who hesitates is lost.:D

    I love posts like this - the ones the likes of Carol and that Pastures New drag up from 2 years ago. It shows they're dead annoyed and worried that house prices are RIDING again!:money:
  • brit1234
    brit1234 Posts: 5,385 Forumite
    Thermidor house prices are falling again, haven't you noticed. The effects of the stimulus are wearing off.

    Cheaper homes are a good thing for first time buyers and those who want to move up the ladder.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    brit1234 wrote: »
    Thermidor house prices are falling again, haven't you noticed. The effects of the stimulus are wearing off.

    Actually brit I haven't notcied mate.

    http://www.lloydsbankinggroup.com/media/pdfs/research/2010/HousePriceIndexJuly2010.pdf
This discussion has been closed.
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