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konastab01
I bought my only house in 2007 a year or so later it was worth about 30% less. I think rates were 5.5% when I bought it for £125k (norwich). I Sold it 5 years ago when I thought the market had topped for about £185k. Terraces in the area are now £200 to £230k.
I've been saying the housing market is unsustainable for about 6 years but its got more and more out of control and continued to surprise me.
I think a lot of people are in for a shock over the next few years but having said that i'm in the process of trying to buy again, what could possibly go wrong! If I didn't think this one could potentially be a house for life i'd be sitting well and truly on the sidelines for a year or so.