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)