I wish I could understand the fluctuation of housing prices and the whole idea of “buyers market” or “it’s a sellers market rn”
I bought my first home about 8 years ago, valued at £97,000. Now valued at roughly £107,000.
I thought about selling but then realised it the value of my house has gone up that means the value of all houses probably have. So when I sell mine I’ll only be able to afford a comparable home anyway, lateral move. Likewise if my house is worth less due to market fluctuation then all houses are.
Yet again the cost of homes going up framed as a positive story.. .. ‘Growth’
When your loaf of bread goes up by 50p tommorow would you call that ‘growth’ and be happy that prices are rising uncontrollably?
Noooo
Muh heckin house pricerinoes
Always must they be in the ascendant
From my understanding there remains a lack of supply though so much like in 2008 and the “crashes” prior I wouldn’t put too much hope in the market falling to any great extent.
I would probably say that however as I’m completing on buying my first home in a few weeks.
Theyre just isn’t enough houses for a crash – everyone wants more houses to be built but no one wants them to be near to their house.
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I wish I could understand the fluctuation of housing prices and the whole idea of “buyers market” or “it’s a sellers market rn”
I bought my first home about 8 years ago, valued at £97,000. Now valued at roughly £107,000.
I thought about selling but then realised it the value of my house has gone up that means the value of all houses probably have. So when I sell mine I’ll only be able to afford a comparable home anyway, lateral move. Likewise if my house is worth less due to market fluctuation then all houses are.
Yet again the cost of homes going up framed as a positive story.. .. ‘Growth’
When your loaf of bread goes up by 50p tommorow would you call that ‘growth’ and be happy that prices are rising uncontrollably?
Noooo
Muh heckin house pricerinoes
Always must they be in the ascendant
From my understanding there remains a lack of supply though so much like in 2008 and the “crashes” prior I wouldn’t put too much hope in the market falling to any great extent.
I would probably say that however as I’m completing on buying my first home in a few weeks.
Theyre just isn’t enough houses for a crash – everyone wants more houses to be built but no one wants them to be near to their house.