I feel : -
bored - No more weekends going to open houses, searching endless websites, doing calculations, calling EAs, hearing sad stories about how the price can't be dropped
confident - I now wish the euro or banks will collapse. Please make my debt worthless.
comfortable - no more waiting for the landlord to fix the broken shower. The Mrs can decorate as she wishes.
lucky - some houses are on the register for much more than when we pulled out of the bidding
angry - some houses are on the register for less than the EA said was the latest offer
shocked - probably for every 10 houses we viewed, 4 are on the register. What happened to the other 6. Tyre-kicking by the sellers
confused - why is there large price differences on similar houses in the same estate. Was it a canny/desperate buyer/seller, was it the north/south facing garden, was it the granite counter-tops
violated - now anyone who knows my address, (work, friends etc) can look up my house. Hopefully I do not need to sell in the near future. But if I do, the prospective buyers will also have an advantage, unless I do something about the granite counter-tops
cash rich/ paper poor - My mortgage is less than my rent. So while my house may be losing value, I have more cash at the end of the month. And as saving rates decrease and dirt increases, the best return is to overpay the mortgage, which in turn leads to lower repayments and more cash.
With regards to timing, the register confirmed what I suspected, i.e. there are lies, damn lies and statistics. Sub-200K, while % changes are huge, the euro changes are not. Paying rent and waiting another year does not really save alot. Certainly not as much as waiting from 2007 to 2012. Above 200k, while the %ages are smaller, the euro amounts are larger and there is material savings to be made by renting for another year.
But overall, I learnt just because the CSO or the register states that houses are down x% does not guarantee that you will or should get the house at that price. It is only one of many factors in the process. For example in one estate nearby, a bad crowd moved in, somebody got shot, and houses went from 300K to 90K (70%). A few roads down, in a better estate, houses have gone from 400K to 200K (50%). Should I have bought in the bad estate to maximise my savings? Could the bad crowd move to my estate in the future? Are houses in my estate going to go down much more? I don't know. I only know I am where I am and I am happy to be here at the momment