Thought id throw my 2p into this
Got to about page 5 of this and realized it was all the same old arguments to stay on the waggon like its some AA club.
OP if you are still reading this thread here goes.
Been reading this forum since 2008ish (mainly lurking) and after spending 3 years trying to sell my flat (bad mistake) I ended up at the (soon to be) inlaws. We have been there another 3 years there and its been tough on everyone. With me now being 33 and both of us on good wages we thought
Balls to it!
We have a massive deposit for our ages and life is passing us by! So we booked our wedding and have delt on a house that we have an additional 50k off under what they go for on that street.
Do I regret these last 6 years, in parts yes with a massive loss of freedoms etc. But when you think in the last 3 years we have save another 100k+ that we wont be paying interest off on. So it kinda balances itself out really.
My new place thats just going through I have a 65% LTV and the fanatics amongst us will chirp up what happens if prices fall by 35%. Well the answer is simple really ill still have the house, woman, job and lifestyle i currently love! Thats if society hasn't collapsed. If that happnes who gives a sod about how much money you have in the bank.
There are probably gonna be dark times ahead so find yourself a good woman and get back to enjoying life. Make sure you buy somewhere you can get a short mortgage on or overpay. Then you can stop worrying about crap you have no control over like inflation/rates/currency etc
Think I've just snapped recently, i want to get back not not giving a stuff about anything but myself, friends and family. The world can go to hell if it wants ive got bugger all control anyway.
I know its all a bit anti-hpc but there you go.
Take it easy