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negative equity is only a issue if you want to remortgage or sell. Otherwise just wait for the recovery.
Population growth in London > rate at which properties are being built.
Or
Demand > supplyOr to put it another way
Ramsaye-
negative equity is only a issue if you want to remortgage or sell. Otherwise just wait for the recovery.
Yes, but you'd feel bloody stupid if you bought at £900k months before brexit only to see your gaff being £500k after brexit. It's an event firmly timetabled and a very real chance of an epic fuck up and a slow recovery. The opportunity cost of £4ook is not insignificant.
Anyone with a second property coming to the end of a mid term time scale would be trying to shift it before Brexit I'd have thought.
Apologies to @GwGs
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negative equity is only a issue if you want to remortgage or sell. Otherwise just wait for the recovery.
Population growth in London > rate at which properties are being built.
Or
Demand > supplyOr, buy in April 2019 for 50% of todays cost, have no negative equity.
The majority of people on this thread will likely be on their current salary+a bit by then, and whilst their available deposits (unless following TW's Bitcoin advice) will be lower so will the total commitment.
Surely that makes sense?
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So, as long as we are staying in london all will be fine. If it really goes tits up and we move (to the content for example) then we will have wiped out a load of savings. think it is a small risk tho.
Howard
Dammit
dst2
Were currently buying a house. Looking at 7 and 10 year fixed. Will have more kids in year 3 so we can eat them in year 5-10 if needed.