Background:
We have a dream of self building with some land to become somewhat self-sufficient. We will be mortgage free in July this year.
Ishoos:
We will take a hit on the house we are in if we sell, which should be off set by the lower price of the land we would buy, in theory.
My problems:
I think that the price of land in and around the areas we would want to live in South Wales, Cheshire, entire south west are rising, over priced and really haven't taken a hit from the housing collapse.
My questions:
Would you do it, would you give up a comfortable home to go live on a building site for 2/3 years whilst self building somewhere the prices are still imo inflated above what they should be? Or would you wait it out for about 5 years saving like crazy and then do it with the risk that the land would be out of our price bracket and the planning could be changed so it isn't as easy as it is now to build?
PreferingTheSecondOptionButDon'tLetThatSwayYouTiggaxx
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Property/DIY
buying in this climate
9 replies
dawntigga · 05/04/2013 10:37
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