First time house buying in 2017

[Mint_Sauce]

What's the general feeling about first time buying a home in 2017? Good idea or bad idea?

From what I can see, buying in London feels risky but buying outside of London feels less risky. Overall though, demand outstrips supply and so any sink in the prices of houses will be met with people clamouring to get their first home and on the ladder.

Although saying that, if interest rates go up and with brexit being a complex beast maybe everything will come crashing down after-all leaving those who have just bought kicking themselves (me).

It seems like there's no real way of knowing whats to come..

I'm in the process of buying our first home in Manchester and feeling unsettled buying at this time, but I'm not getting any younger and I'm fed up of renting and the crap that comes with it.

Aargh!

 

[Mint_Sauce]

I saw that Sun 'news' and it's still concerning even if it is just for impact.

It's crazy how expensive a few walls and a bit of land is, how much does it actually cost to build a house in reality?

 

[Mint_Sauce]

What are you actually asking? You have just listed a load of variables which no one will know the answer too.

I'm just seeing what the general feeling is, there's a lot of educated and knowledgeable people on OCuK so it's good to hear opinions and have a discussion. I'm sure there's others on here who are also in the process of buying their first home and it would be good to hear why they're going ahead. I guess it's reassurance for me too!

I've just edited the original question slightly to make it clearer.