Owning your own home

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8b

If you've got a sizable deposit, not pushing yourself like Rogan, don't need to move for 5-10years and locked into a 5-10 year fixed it should be ok.
I tend to look at selling price around 2012, for example a 2 bed flat in east london now around £450+ then around £250 plus. Again I might be totally wrong but I think we'll be back at 2012 levels within 3 years.

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dbadger in reply to @8b

I guess everyone is expecting interest rates to increase so 5 year is sensible

I'm sure by that time the properties value would have increased too...

But @Quincy said this thread is terrifying

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andyfallsoff in reply to @dbadger

Well the risk is that the increase in rates is what pushes prices down (as growth has been built on cheap credit), so be cautious with that argument.

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