The edge of the crash?

[lws]

But nonetheless, you are offering advice essentially on the property market from the position of someone who has yet to climb aboard it. Won't fly I'm afraid.

So, for example, paying £300,000 for an ex-council house which was worth substantially less 7 years ago makes financial sense does it?

I think I'll just wait on the sidelines in nice accommodation in a nice area and watch it all unfold.

[Ardesco]

Just like all the people on the house price crash forum who have been waiting the past 10 years for a crash hey......

[DimPrawn]

The crash is coming! In less than 100 years too!

[shaunbhoy]

So, for example, paying £300,000 for an ex-council house which was worth substantially less 7 years ago makes financial sense does it?

It made perfect sense back then, but I doubt you'd have had the wisdom and vision to take that risk. That is why people like you and AtW are still renting, no balls. Waiting (in vain) for a crash to materialise that will hand you a bargain on a plate. Time to wake up sonny, in the big bad world you have to take risks and make compromises. Lose the "what will I get for Xmas" mentality and try to make things happen for yourself instead of sitting permanently on the fence of indecision.

[Bagpuss]

Allsops auctions had their first 2 day residential auction for 6 years the other month. Before that they only had enough properties for one day. Most of the properties were repossessions.

[sasguru]

We should all be hoping for a soft landing. Those who are hoping for a bargain after a crash should remember that the economic consequences will be so severe that they may not have jobs with which to pay for the "bargain".

[Sockpuppet]

I'm going to single handedly cause a house price crash by buying a house.....as soon as I do sods law will kick in....mark my words.

[shaunbhoy]

I'm going to single handedly cause a house price crash by buying a house.....as soon as I do sods law will kick in....mark my words.

Not if you buy in Leicester it won't. I think they factor it out of the graphs.

[lws]

It made perfect sense back then, but I doubt you'd have had the wisdom and vision to take that risk. That is why people like you and AtW are still renting, no balls. Waiting (in vain) for a crash to materialise that will hand you a bargain on a plate. Time to wake up sonny, in the big bad world you have to take risks and make compromises. Lose the "what will I get for Xmas" mentality and try to make things happen for yourself instead of sitting permanently on the fence of indecision.

So, you KNEW that prices would go up 300% did you? It's nothing about having balls, more about common sense.

[VectraMan]

That is why people like you and AtW are still renting, no balls. Waiting (in vain) for a crash to materialise that will hand you a bargain on a plate. Time to wake up sonny, in the big bad world you have to take risks and make compromises.

Sounds like a big risk to me. The "safe" thing is to follow the conventional path of "getting on the property ladder" regardless of how much you have to overstretch yourself to acheive it. It's the traditional investment for those who like to play it safe and don't have the balls to take risks.

I'd actually quite like to own my house at this stage of my life, but I look at the extra £500 per month I'd need for an interest only mortgage (more like £700 if I want to repay it), plus the lack of security that goes with being a contractor and the way each job seems to be in a different area , and I wonder why the hell I'd choose to do that to myself.