You are reading a single comment by @ChasnotRobert and its replies.
Click here to read the full conversation.
-
if you think it's "the place" you really want to be for the next 10 years plus, and you can be bothered with the hassle of living in and renovating a place, then it could be worth a punt.
That was the kind of punt that we took when we bought our current shack in Walthamstow, going on 15 years ago, and believe it or not, even then some people were saying the market was about to crash.
Which isn't to say i don't think the market will go down from here; it has already lost a good 10% at the top and likely to lose a bit more IMO, but i very much doubt 30-50%, and I also doubt it will be the start of long term devaluation of property. But obvs I could be wrong, past is not a guide to future etc.
ChasnotRobert
Dunnnooo. You can get a renovated place in Kensal Town for less money, albeit a touch smaller.