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I’m not sure you can compare a house to Bitcoin unless you’ve ‘invested’ in either.
Waiting might work but you’re assuming nothing except house prices changes (housing supply, interest rates, income, mortgage criteria, etc). Probably better to just get on with your life, move on and forget about trying to time things perfectly.
Dramatic_Hammer-
Probably better to just get on with your life, move on and forget about trying to time things perfectly.
We talked about going into rented to 'short' the housing market. In the end it seemed like pie in the sky thinking based on the assumption that we can magically predict what is about to happen. and also we couldn't be fucked.
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Agree, timing the market is mostly bollocks. I do think things are slow at the moment because of Brexit, and that the lack of BAU is making people hold off which does impact things. I also think the risk of it being harder to buy a home after brexit is low, I expect things to be significantly cheaper for the mid term. But I'd quite like to be wrong because of my own selfish concerns and context (accidental landlord wanker), obviously.
dst2
Howard
tell that to the people who bought BTC at £15k. Of course they won't try to sell it now. And yes, they can't live in it.
But what if they had to sell it?
Also, there is the possibility that the home buyer in question could just wait and see what happens, and I think there's a good possibility that they will do that and be able to either buy a more awesome place for the same money or buy the place in question for much less money.