(no subject)

[wickedcherub]

There's nothing that makes me more ill than looking at property prices. The area I want to buy - some of those houses have risen in price by 200k in the last eighteen months while I've been looking and my house value has gone up maybe 40k? Like I don't understand how the value of my house could have gone up a paltry $180k in the past ten years when other suburbs have gone up almost $500k in that time period. I'm being priced out of the market and it's making me ill.

I then worry that if I just shut my eyes and buy these expensive houses in that area that I want, then the market will drop instead of rise and I will have made a loss. Because surely the market cannot sustain 3bedroom houses 40 min drive from city centre at $700k. Surely.

I hate adulting so much.

Comments

[sarahlouise.livejournal.com]

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.