Oh believe me I understand. The house I'm interested in sold the same day I bought mine. It was $60k more then. Now it is listed for $90k more than I've been offered for mine, and will probably go above that.
I am afraid of prices falling too. It seems an unfair amount of risk to take on for a house to live in. It's not like we're speculative investors. I kinda wish is gone for the better place then, the 60k looks like nothing considering I'll be re-paying stamp duty
Fwiw I think in the medium to long term it's unlikely to fall. If you hold it long enough you should be ok, in my opinion.
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Date: 2015-05-25 09:55 am (UTC)I am afraid of prices falling too. It seems an unfair amount of risk to take on for a house to live in. It's not like we're speculative investors. I kinda wish is gone for the better place then, the 60k looks like nothing considering I'll be re-paying stamp duty
Fwiw I think in the medium to long term it's unlikely to fall. If you hold it long enough you should be ok, in my opinion.