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House Price Crash Forum


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Everything posted by dw4518

  1. Hi everyone, I've come here looking for some opinions on whether it's a sensible time to buy a house. The house in question is a 3 bed terrace just out of London for £400k. A similar one was sold within a day after an open day and 6 offers, went for over asking price. So I immediately offered asking price on this one and got it accepted! But now I'm worried about a house price crash and found this forum. I'd be living in it for at least 10 years. With £80k deposit my mortgage would be £320k at 1.75% I know lots of people here are predicting a crash but I'm hoping to get some opinions on whether to go for it or hold off, and if the latter, for how long, and how much do you think it will crash by? Most of my family and friends think that as long as you're living in it, and you take a long term view on prices, small dips won't matter along the way. thanks!
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