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A lot of the house price crash loons reckon things are going to dip by 30-50pc.
In some areas that could possibly happen. however in areas backed by strong rentals (like London) I cannot see that happening.
If you need somewhere to live and can afford it, buy it but make sure you have a plan B i.e you could rent out a room, extend the term or borrow money off your folks if the shit hits the fan and you lose your job or whatever. I think it could be a rocky next year or two until rates start to retreat.
princeperch-
Which pushes people into negative equity area and then they aint gonna sell, unless the bank takes it and then they down give a fuck. The houses over the last 4 years have got insane and it needs a real dead end to bring things back down.
Its a lose lose unless you need to sell.
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A lot of the house price crash loons reckon things are going to dip by 30-50pc.
Even a stopped clock is right once a day.
Maybe this isn't the hour though.
konastab01
Howard
Any thoughts on house market. First time buyers. Property near Penge , on for £500k but needs a lot of work and we have offered c. 10% below the asking. Don’t really want a project but cost dictates . We should be able to manage a mortgage even at higher rates than current , but should we be waiting :)