Property crash coming ?

[Rich Luke1 6]

As someone in the process of moving house in the UK;

 

I can't help but feel that with prices rising so fast - and wages stagnant; a new recession / property crash is on the horizon.

 

Thoughts ?

[Da Bazz 715]

I know the feeling that you have. Buying now when everything is so high...hoping it won't crash... it's scary and I questioned myself a couple of times last year.

 

I bought a house recently as well in the Netherlands and it's now being build. I contractually bought it over a year ago now. It was so insanely expensive for what I get but then prices rose even more in the last year. I just hope that my house can actually be build (w/o needing extra financing/building corp going bankrupt) and that by the time I wish to sell (whenever that may be) I don't sell it at a massive loss. 

 

I deal with those feelings by talking to friends/family and by trying to live in the present. If the market crashes and my house becomes worth shit all there's nothing I could have done about it. Enjoy the new home and make the best out of it. 

[Hat 133]

just waiting for everything to drop here so i can literally buy a whole street and name it George's Way or Hat's Way

[Kai 354]

Nobody can know for sure til it happens :/.

Don't try to time the market

[NarNumbers 219]

1 hour ago, Kai said:

Nobody can know for sure til it happens :/.

Don't try to time the market

This and just buy what you need according to your budget

[Vanzant 1,410]

I dont see assests crashing for long if they do. Still lack supply for so many things world wide 

[Ssj 910]

In 50 years the house prices will be way more than whatever they are now, whether they crash hard or rise hard in the next year

[Pietru 1,251]

Yeah in Malta everyone's just living with their parents even through their 40s/50s because real estate is too expensive lmfao; I know the feel

Edited September 22, 2022 by Pietru

[Adam_ 1,108]

3 hours ago, Kai said:

Nobody can know for sure til it happens :/.

Don't try to time the market

 

[Matt Robbin 403]

2 minutes ago, Adam_ said:

 

 

[Frankventura 243]

That is the reason why I still didnt move on, it will have to crash

[Ace 632]

It honestly sucks, but at the same time you have to weigh your options. Even if it crashes later, housing is an investment. Rent is a constant drain, and you never really get anywhere with it. Besides that, rent costs often go up alongside housing costs due to the fact that many others will be attempting to wait out the market. Granted, rushing into a purchase of a house can be a bad idea too, since uprooting yourself from what is a long term commitment can also set you back.

 

There's no right answer to these situations though.

[Nancy 293]

its a roller coaster sometimes you need to bite the bullet.

[S3lvah 294]

Don't buy a house too close to a coast

[Robin 423]

Revolution needed