Owning your own home

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ReekBlefs

Market still feels really overheated despite the interest rate rises. We got outbid on a property by 10% of our max offer this weekend.

Will it ever stop? Yo, I don't know.

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Howard in reply to @ReekBlefs

Rates are still historically cheap, so folks are probably trying to get stuff done to lock them in now.

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ReekBlefs in reply to @Howard

Very true. And people who got their agreements in principle done before the last interest rate rises have more to spend relatively speaking than those who have only just got them done. So there's a bit of a rush to lock in the cheaper rates before they expire (I think it's six months?).

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