Hi,
Obviously I'm just talking about those who require a mortgage.
We know we want to move and our hh income is very likely to increase year on year. If we moved, it would need to be worth while, ie - our preferred area, more space etc, but this obviously comes at a price. A price we could just about afford, but our lifestyle would be different for a while. Currently very comfortable - not rich, but we have a decent amount of disposable income and if we bought the kind of house we wanted now, that would be reduced dramatically. As I say though, our hh income should be rising quite significantly over the next year or two.
Dp is very cautious, but wants to move just as much as me. Several houses have popped up in one of our most desired areas, which hardly ever happens and they might not pop up again and I don't want to miss out if we only need to tighten our belt for a few months. I know there are no guarantees, but Dp, in particular, has very desirable and sought after skills and is constantly head hunted, so it doesn't feel like a big risk. Life is a risk though I suppose and dp is fairly risk averse.
Anyone else in a similar situation?