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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.Is buying a house a good idea?
Comments
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Crashy_Time wrote: »As prices rise though, more and more people struggle to sell, so the demand isn`t really there at higher prices.
That is simply not true.
House prices have risen over the last 10 years and so has the number of properties sold so clearly the demand really is there (from 900,000 a year to 1.2 million a year according to the official stats.)
How desperate and deluded are you to keep trotting out the same old lies?Every generation blames the one before...
Mike + The Mechanics - The Living Years0 -
https://static.halifax.co.uk/assets/pdf/mortgages/pdf/April-2018-House-Price-Index.pdf
Anybody got the latest transaction figures, would be nice to compare them with transactions before the banks and property market had to be put on life support.0 -
cashbackproblems wrote: »i bought 18 months back, but prices are so high you really are buying at the top luckily i got good deal and did it up myself. This forum are a bit deluded and do not consider the dangers of borrowing x5/6 salary, higher rates due and lack of savings for cushion before buying
Yep, sometimes the advice trotted out on here is optimistic to say the least, but with the bull run property has had can you really blame them? People buying now will need to tread very carefully though IMO.0 -
Crashy_Time wrote: »Yep, sometimes the advice trotted out on here is optimistic to say the least, but with the bull run property has had can you really blame them? People buying now will need to tread very carefully though IMO.
You've thought that since 1996 (when you sold to rent), you utter, utter mug :rotfl::rotfl::rotfl::rotfl:0 -
westernpromise wrote: »You've thought that since 1996 (when you sold to rent), you utter, utter mug :rotfl::rotfl::rotfl::rotfl:
I believe you started trawling internet property forums around 1996 from what you have said in other posts? Why, only you can answer I suppose
I didn`t have any interest in property prices (or forums) back then, the interest started when it became obvious that a massive property bubble was being engineered to suit a political/banking agenda. Holding on to a property you bought in 1996 makes great sense if you want to live in the same house/area for decades, but not much otherwise, and without a buyer the "gains" are really just something to bray about on the internet 
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Crashy_Time wrote: »I believe you started trawling internet property forums around 1996 from what you have said in other posts?
No, I just searched Usenet a year or two ago for 'house prices' and found crashtrolls like you - exactly like you actually - advocating selling as far back as 1996 because the market had further to fall.0 -
westernpromise wrote: »No, I just searched Usenet a year or two ago for 'house prices' and found crashtrolls like you - exactly like you actually - advocating selling as far back as 1996 because the market had further to fall.
So you think buying a house now is a good idea?0 -
Crashy_Time wrote: »So you think buying a house now is a good idea?
For the majority of people who are buying a home then absolutely yes!
Why would any sensible person do what you did and pay off someone else's mortgage instead of their own for year after year?
Why would any sensible person put their life on hold for years and years waiting for a property Armageddon that will never come?
Why would any sensible person that could afford to buy and wanting to put down roots choose instead to rent when they could be asked to leave with just two month's notice?
Why would any sensible person that could afford to buy and wanting to settle down choose instead to rent meaning they probably need someone else's permission to paint the walls, change the carpet, hang pictures or have pets?Every generation blames the one before...
Mike + The Mechanics - The Living Years0 -
MobileSaver wrote: »For the majority of people who are buying a home then absolutely yes!
Why would any sensible person do what you did and pay off someone else's mortgage instead of their own for year after year?
Why would any sensible person put their life on hold for years and years waiting for a property Armageddon that will never come?
Why would any sensible person that could afford to buy and wanting to put down roots choose instead to rent when they could be asked to leave with just two month's notice?
Why would any sensible person that could afford to buy and wanting to settle down choose instead to rent meaning they probably need someone else's permission to paint the walls, change the carpet, hang pictures or have pets?
Totally agree, the right time to buy a house is when it is the right time for you to buy a house, just make sure you are likely to stay in the house for a while and that you can afford it even if rates increase....
The fact that you ask that question means you are trying to gamble, yes you could win and win relatively big but you can also like you loose massively..
The risk of waiting for a crash is a fools bet, for every year you wait you could be spending £9k on rent, compared to buying where every year you would save £9k on rent and at the moment only pay say £3k on interest.
You were sure 10+yrs ago there would be a crash, are you honestly trying to tell us that was a good financial decision to wait?
Long term house prices have always risen, even if its just by inflation (BoE target 2%) so that could be £5k a year on a £250k house. The bet is stacked against you, so don't gamble.
This is what I hate about you and your friends at HPC, you made a poor decision to gamble which has not worked out yet you still try to get others to make that same decision and try to sell it as a dead cert. If a stranger told you a horse was a dead cert would you gamble all your money on it?0 -
Looks like the media want to be HPC members now, the bleating of a few folk with big mortgages on the internet won`t change the prevailing sentiment now, everyone and their granny knows that property is too expensive.
https://www.theguardian.com/commentisfree/2018/may/10/celebrate-house-prices-falling-britain-property-values0
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