I've owned property but only in the US, never here. I rent now and intend to as long as the economic climate is the way it is, very nearly got my fingers burnt over there when it all went pear-shaped, was quite lucky and don't fancy my chances anytime soon.
I can obviously see the pros and cons for both but I'm perfectly happy to rent, I do not see it as throwing money away, it's better to have a minimal return (nothing other than somewhere to sleep) than invest too heavily and lose everything, and people over there did, they walked away from homes that were worth less than the mortgage and going down in value.
Bottom line I think is almost everyone involved in property sales and investment is a liar, if your bs detector works well and you're not led by your heart, and if the economic climate is stable, and you have the money, like really have it, then buy.
I've owned property but only in the US, never here. I rent now and intend to as long as the economic climate is the way it is, very nearly got my fingers burnt over there when it all went pear-shaped, was quite lucky and don't fancy my chances anytime soon.
I can obviously see the pros and cons for both but I'm perfectly happy to rent, I do not see it as throwing money away, it's better to have a minimal return (nothing other than somewhere to sleep) than invest too heavily and lose everything, and people over there did, they walked away from homes that were worth less than the mortgage and going down in value.
Bottom line I think is almost everyone involved in property sales and investment is a liar, if your bs detector works well and you're not led by your heart, and if the economic climate is stable, and you have the money, like really have it, then buy.