Quote:
Originally Posted by DemolitionRed
I certainly wouldn't buy atm. Five years from now is a good plan.
I'd advise anyone who's not on a fixed rate mortgage for the next five years to get on one asap because if the economy crashes, the interest rates will rocket and there's going to be loads of default.
|
Why not? if you are buying a home rather than an investment it's a great time as buyers can take advantage of locking down a fixed rate for the next ten years, yes the value might fall but it will rise again down the road, equity in a property either positive or negative is just a figure in a home that you plan to live in for along time.