We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Why not buy a property now?
Options
Comments
-
My post never appeared... I'll try again.
If you want to buy a home rather than an investment I don't think it makes much difference. I personally don't care if my flat is suddenly worth 1p as long as I have a fair opportunity to repay my mortgage without being trapped on a sky high SVR. Sure you might be able to save 15-20k but on a monthly basis it's really not much difference, and that difference might seem like good value for owning your own home compared to waiting years for house prices to fall.
Speaking of which, I don't believe they'll fall "another 50%".
Ultimately, you're asking in the wrong forum, people here would love nothing more than to see everyone become bankrupt and lead unhappy lives.
Your so right I have lived in my house for 24 years and seen it's value go up and down like a yoyo but next year it wil be paid for and I will be living rent free in a house that would cost me over £1000 to rent.0 -
Can i add again this post is from april 2008....how things changed so quickIt is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.8K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.8K Work, Benefits & Business
- 598.6K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards