Quote:
Originally Posted by Cherie
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.
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So true Cherie. There is ALWAYS cyclic 'peaking' and 'troughing' in any market - not just the property market - but historically, property prices have only increased, and the price of the average property DOUBLES every 10 years or so.
True again, is the fact that Fixing at a relatively low rate now for as long as possible is a very smart move.
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"Everyone is entitled to their own opinions, but they are not entitled to their own facts". Daniel Patrick Moynihan (1927-2003)
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