Buying a house now

[BorneFeet]

We pulled out of buying a house and have just sold our house that we owned outright and are renting for now with a 6 month lease that then goes onto rolling.

I'm nervous about having so much cash as last time they printed money that lead to asset price inflation.

Do you think we should look now and offer significantly less than asking prices (20% off about right?) for ones that are empty and looking to sell or wait for a bit? I don't want to try to buy at the bottom, but also think asking prices don't reflect the current situation.

I'm just not sure how long it will take for all the printed money to make it's way into housing and push up the price.

I wanted to attend actions but they've all been cancelled for now

I would hold very fast in the rented accommodation right now.
If the economy goes to pot the house prices may well fall through the floor.
I doubt there will be much on the market for a while anyway.

Thanks that's what I thought, but it's very unnerving if the whole currency goes to shit!

Lots is coming on actually, maybe not as much as you would expect for spring but no shortage.

How long would you wait?

You expect somebody to give you a massive discount because of the current situation, but by your own definition, "the current situation" is that the value of houses is about to increase (hence why you want one). Why would anyone agree to your very low offer?

No I'll offer what I think a house is worth today.

It might be worth more next year or less.

I wan't one for security, not because I think the value of houses will increase.