You are reading a single comment by @8b and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
rogan
@8b
I've said on this thread before but I bought in 2007. A year later my house was worth about 65% what I paid. Luckily i'd got a bloody good mortgage and held on until last year when the mega everything bubble meant I actually sold it for a decent profit. I was saved by the massive drop in interest rates but I spent many a night wishing I had held out a year as I looked at all the nicer places I could of afforded.
This time people choking up on 10+ times earnings debt aren't going to be so lucky when Rates are forced up so i'd much rather be holding a lot of £ than buying into mass debt right now.