Will I make page 100!
I have been a HPC lurker for years, probably at least 4. I used to like reading the opinions on here and knwo that I wasn't the lone voice amongst everyone else who kept saying prices will never fall , can never loose blah blah, (although did find a fellow HPC fan at work).
I gave up on owning a home when the last HPC never seemed to take off; then got made redundant last year and was on probation so stopped looking really. I could have afforded a house but would have been a right dump, so have been holding on for ages.
Got fed up of waiting to buy a house with prices never falling in my area. Of course typically as soon as I found a house I liked and put in an offer and thought sod it, don't need to borrow much more than a couple of times salary, got a deposit, mortgage is cheaper than the rent, OH is working part time due to redundancy, so in a 'strong' position....
But of course as soon as I decide to cave in, the worm finally turns !!! I like the house but luckily its going very very slowly and the more bearfood I read the more wobbles I am having - I do like the house but sure there are many like it. House was on for 110 originally and paying 95. Its in a nice area, terraced, good nick and perfect for my dog sitter (after loosing job have to commute 25 miles each way and will struggle with working hours now when OH goes back) Know what I want to do! although worried about loosing my 91 a day as per the Express
Been looking at the terraces around here and the good ones have held their price but the poorly maintained ones in not so nice areas are starting to have 10k shaved off, then some another 5 over the past few months. Others won't give in!
What i find most annoying is everyone who says to me "it will all work itself out over the years so just go for it" and they don't seem to understand I don't want to pay 95k for something this week thats worth 80 next year! Even my mum is telling me everyone says its not a good time to buy.
So kinda drifting along, renting a bit of a hovel; but its cheap and home; we have an agreement with the landlord - we don't ask for repairs and he doesn't put the rent up!
Been meaning to join for ages and theres been a couple of discussions wanted to join in on; sometimes don't always understand some of the financial stuff, but I do understand the crash cycle, and that its never been bucked as yet!