No point waiting for cheap houses....

[DimPrawn]

http://www.telegraph.co.uk/finance/e...ationwide.html

Britain’s biggest building society admitted that such a scenario would have been “unthinkable” just a few months ago when house prices reached record lows.

The average price of a home rose 1.3 per cent in July to £158,871 and follows a 1 per cent rise in June.

As they say, house prices only ever go up.

[oracleslave]

http://www.telegraph.co.uk/finance/e...ationwide.html




As they say, house prices only ever go up.

What's your timeframe for moving? How long can you wait for?

[DimPrawn]

What's your timeframe for moving? How long can you wait for?

3 years max from here.

[Sysman]

http://www.telegraph.co.uk/finance/e...ationwide.html

Britain’s biggest building society admitted that such a scenario would have been “unthinkable” just a few months ago when house prices reached record lows.

Er... record lows against what figures?

Certainly not multiple of income.

[Platypus]

Er... record lows against what figures?

Certainly not multiple of income.

Pah! You could never make it as a journalist!

[Cyberman]

Heheheeh..... I detect panic-buyers

[tim123]

http://www.telegraph.co.uk/finance/e...ationwide.html




As they say, house prices only ever go up.

I can't see the point in people mortgaging themselves to the hilt to buy a house that they can rent considerably cheaper.


tim

[Cyberman]

I can't see the point in people mortgaging themselves to the hilt to buy a house that they can rent considerably cheaper.


tim

If you buy a house you will eventually own it and then have about twenty years rent free and mortgage free in retirement. If you don't buy and you live to 100 it could indeed be very expensive renting !!!!

[Moscow Mule]

If you buy a house you will eventually own it and then have about twenty years rent free and mortgage free in retirement. If you don't buy and you live to 100 it could indeed be very expensive renting !!!!

Indeed, but at the moment I'm saving close to £1500 a month by renting. Hard to argue with, but I'm sure you find some crappy stat to support your untenable position.

[swamp]

If you buy a house you will eventually own it and then have about twenty years rent free and mortgage free in retirement. If you don't buy and you live to 100 it could indeed be very expensive renting !!!!

If you rent a house you can save lots of money and buy a house outright in twenty years. In that time period if you're clever you can jump in and buy when the market is low.

I am about to rent a house. The (likely) rent is cheaper than the interest on a typical mortgage to buy.