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.
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.
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.