well done for buying a house at the right time

( mns 2️⃣2️⃣9️⃣0️⃣7️⃣, Wed 1 Jul 2009, 21:37, archived)

Paid the asking price when we probably shouldn't but to our naive little heads it seemed a good deal.
( RocketSurgeon is pretending he's still young, Wed 1 Jul 2009, 21:38, archived)

If it's going to be your home, and you want to live there
then to you it is priceless.
( Wicca'd Witch needs ideas for a new sig on..., Wed 1 Jul 2009, 21:39, archived)

Well quite, so many ins and outs to take in. Long ago got lost thinking about how much money things cost in pure money compared to how affordable stuff is on my gigantically huge salary and such.
( RocketSurgeon is pretending he's still young, Wed 1 Jul 2009, 21:44, archived)

Even though the market is in a bit of a lull at the moment
the price will rise. Sure, there will be dips and periods of rapid growth in value of property, but the best time to buy is when the market flattens out.
( mns 2️⃣2️⃣9️⃣0️⃣7️⃣, Wed 1 Jul 2009, 21:41, archived)

Interesting angle from my inlaws was that as and when there is a general election and the tories win, houseprices will rise then amidst all that lovely false hope and optimism.
( RocketSurgeon is pretending he's still young, Wed 1 Jul 2009, 21:46, archived)

This.
Some people get so bitter, don't you think?
( Wicca'd Witch needs ideas for a new sig on..., Wed 1 Jul 2009, 21:38, archived)

if we back the mother fucking truck up, i belive shambles was suggesting buying at the top of the market once
and you agreed with him, i will argue the fact of house prices all day long, and the yen/dollar, oil and everything, if you'd took my advice on this forum and bought shares in barcalays wank you'd be rich now
( mongychops, Wed 1 Jul 2009, 21:41, archived)

I still agree with him.
If you buy a house with the intention of living in it and making a home, then it makes fuck all difference as to how much it's potential value will be. It's not an investment, it is your HOME.

I was agreeing with the congratulations, and I think that any time you are in the financial position to buy somewhere you love is the right time to buy.
( Wicca'd Witch needs ideas for a new sig on..., Wed 1 Jul 2009, 22:01, archived)

it makes a difference to your well being, people should not ne consumed by valuations of their houses, that is correct
but to dismiss market forces and pay way over the odds for something is wrong, i felt i could argue the toss about this but i was wrong, i'm too tired
( mongychops, Wed 1 Jul 2009, 22:10, archived)

Bitterness and jealousy, yeah.
We bought a house in Leeds at exactly the right time, just before the market went crazy.
In the 12 months we had that last house in Leeds, it earned more than I did!
( mns 2️⃣2️⃣9️⃣0️⃣7️⃣, Wed 1 Jul 2009, 21:42, archived)

Except, of course, house price rises can only be cashed in if you sell up/downsize.
The main effect is moving the ladder further away from first time buyers, and making it more difficult to upgrade.
( my other username is a porsche , posting shit pictures so you don't have to, Wed 1 Jul 2009, 21:44, archived)

Or, like we did, move to an area with lower house prices.

( mns 2️⃣2️⃣9️⃣0️⃣7️⃣, Wed 1 Jul 2009, 21:46, archived)

Same effect as downsizing, I suppose.
I think it's a mistake to think that rising house prices are a particularly good thing, though. Certainly the rises that were happening a few years ago.
( my other username is a porsche , posting shit pictures so you don't have to, Wed 1 Jul 2009, 21:48, archived)