Panthera Tigri
Registered User
- Messages
- 14
Also is it a risky time to buy?
Mainly I could buy something better next year."
With rental prices so high and with your significant savings I agree that buying property makes sense.
An apartment is also an option especially if you are planning on staying single/not having children - some people can be very negative about them, and I can understand this in some cases, but if you do your homework and buy one in a well managed development, they can work well. Low maintenance, and allow you to live in a location where you would perhaps not be able to afford a house. It depends on your goals and what you are willing to trade off / compromise on e.g. better location/less commute vs a garden etc.
I did think about apartments. But the problem is any cheap ones are pretty bleak.
Any expensive ones I could afford to buy a house for similar so wants the point.
Also no plans on children one way or another.
And what about the year after that? And the year after that? You might never end up buying somewhere at that rate as the fear of something possibly better would always put you off.
Even if house prices were to fall 10% next year (this is not a discussion of house prices, just speaking 100% hypothetically!), you may not get finance as banks may reduce lending, supply may fall back even further, so you may not even find a property you like! Life is short, sometimes it is important to think about the "Now" as well as the future.
Sure, everyone always wants more/better but sometimes "enough" is plenty.
In the current market, €250k would buy a decent one-bed apartment in most Dublin neighborhoods.
To own a mortgage-free home in a location of your choosing at 36 would be pretty impressive but as @gravitygirl says it’s all about your personal priorities...
However, for others, having the freedom to live on your own in your own place is worth foregoing the 14k!! It's a personal choice.
And if he hits financial difficulty in the future, he can rent out the spare room again.
Not to be binarist about it, (see todays RO'CK) but I will bet you 50cent that our OP is a she.
and I dont like to be on top of people.
Ill settle the bet, I'm a he.
I put some thought into an apartment and decided they just are not for me.
Better value in a house and I dont like to be on top of people.
Apartments are better value on the face of it
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