AIBU to considering stretching myself to buy a house right now?

[worriedwellworrier]

I can’t decide whether this is a mad plan or now or never. I want to move. I have seen a house that will double my mortgage, it’s affordable but obviously I will have far less spare cash than I do now. DH is 50 so I feel it’s now or never to flex up to a bigger house. My job is as safe as it can be, although nothing is guaranteed, I’m in the NHS.
The house I’m keen on has come back on the market post lockdown after the original buyer pulled out. It’s on for the same price as prelockdown (we are in a popular area).
I’m reading so much about the depression we are about to enter, is this total madness to consider flexing up to a bigger house? Is anyone else doing the same?

Just now I would wait. I certainly would not double your mortgage. House prices will fall (it’s inevitable) and you run the risk of immediately being in negative equity and mortgaged beyond the hilt. A couple of months and we’ll start to see the lay of the land - I’ll bet that house will still be on the market too.