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by benj111 1345 days ago
But there's lots of other stuff going on here.

Inflation is high. That €2000 payment will only be equivalent to €1900 next year. And long term, house prices grow at least with inflation so if you can afford it, now is a better time.

So I'm playing my Uno reverse card and proposing that you aren't seeing the forest for the trees.
2 comments
piva00 1345 days ago
It might be equivalent to 1900€ but if you didn't get a raise to match inflation it doesn't really matter...

And the majority of workers in the world don't get even inflation-adjusted raises every single year.

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benj111 1345 days ago
No, but wages do tend to rise with inflation, which is admittedly a double edged sword.

We saw this in the 70s. Where inflation eroded the costs of buying a house quickly, even though the interest rates were also high.

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kioleanu 1345 days ago
Yes but that is almost universally true. Buying now is better than buying in 10 years and buying in 10 years is better than buying in 20 years.

I meant the people licking their lips because the prices may drop now, or who specifically waited to buy because the prices will drop

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benj111 1345 days ago
Not necessarily. If you're expecting house prices to fall in the short term and interest rates to rise, it's better to wait.

I for example wouldn't be jumping in just yet into the UK housing market. Plus renting can be cheaper than buying, in that case it isn't worth jumping into the market either.

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