Report Interview With A Home Seller in House prices and the economy Posted May 6, 2011 Here goes... I am FTB at 31, and will be living in this house for sometime. It's in a good area not far from work - the best we've seen in our budget (although not in the New Forest, we'll need another £50K deposit for that area). I am borrowing 3x my salary and my job is OK. I will have some cash left over, and stocks in uptrending shares to hedge against property falls. My partner's health is not brilliant lately having to give up work, she had a pituitary gland tumour removed when she was younger and the tiredness after effects is now catching up with her, so I need to give her all the best life experiences I can offer (her own garden in this case). For us it's the right time - no gazumping is occurring either at the moment. This is a window of opportunity through till 2015 to buy on weakness, with average house prices falling to £120,000 nationally. I am optimistic for the next generation, houseprices WILL BE VERY affordable. If I wanted to make money in property, I'd do it through the bank/builder shares (which went up 5x) when the next boom comes along well after 2015. I reckon I could make the same amount of money for the proportional effort exerted as "pwoperty developers", and that's without the hassle of lifting up a paintbrush or going into the anti-social past time of buy to let. Great post! I'm a 32 year old cash FTB and bought in Feb in BH2 at around late 2003 price. Possibly not the best time to buy but my (and my partners) quality of life have increased immeasurably. There is no stamp duty at the moment and eventually with a bit of peristence vendors are talked down. If house prices fall 20% then i'm 35K-40K worse off (for the nanosecond that house prices are at the bottom), but I am saving >8K a year in rent and lets be honest, the worlds population is going to double by 2040 so houses are never really going to be a bad bet long term, particularly in nice areas, which Bournemouth is. I have no intention on moving (ever), just renting it out for periods if work takes us elsewhere. If the market bottoms significantly lower, we'll just take out a mortgage on the deposit we have saved up since our purchase and buy a property for investment. I love this forum, appreciate the knowledge and experience of conributers, but it is massively one sided. I read one thread the other day where posters were seeing conspiracies and motives in articles which simply did not exist (at least in my mind). At times it appears posters are going to extreme lengths to trawl up negative info on the housing market, just to post on this board. The internet is a big resource, you can pretty much find anything you want to support your point of view if you look long and hard enough. Everybody can make more money if they wait, and wait, and wait but the fact of the matter is that we are only in this world for a very short time.