My first nervous post & a personal one.
I've lurked for 3 years since we started sellng our family home in SE4 in '07. While not everyones cup of tea it's our home, where our roots are & where we have grown our family & made wonderful friendships. We needed a larger place nearer good sec school. Our sale took 10 months, so when the place we were aiming for at auction didn't line up with dragging chain we proceeded with reduced valuation sale & moved to rented. Market stagnated (literally nothing worth viewing locally). So we moved to larger rented, back when we still made modestly on lump sum invested.
fast fwd over 2 years, we're still in same place, life's busy with 3 kids. We saw significant reductions in prices *but only* on smaller terraces in less favourable locations (for us). My problem is that it's really feeling bubbletastic here, or more scarily, genuinely shooting up & maintaining. The last month or so has seen £100k jumps on average 3 bed terraces
It must be the shiny new east london line (extended overground) is the local eas dream. in truth it's restricted other older services, but looks all exciting to tube addicts in north & west london looking for cheaper property.
Sadly we're not canny with gold, or foreign currencies or whatever many folk on here tinker with....we're more regular, wary & unnerved by financial doings if that makes sense. we still have a spread of accounts post 08 fright. no interest to speak of of course.
I'm feeling woobly, my guts have always said this can't last, it makes no sense, but here we are, kids growing up, eventually we'll no longer need the larger home, but we won't have planted trees, or had a kitten.......
thanks for indulging my ramble this far
(I never knew i was a bear before i discovered hpc)
I know there's not much touchy feely going on here, but I'm a bit lost & could do with my HPC boost of encouragement right now......