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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You're right about people who buy homes rather than investment properties to a point but I wouldn't be happy if I bought an apartment for 200k and five years later it was only worth £150. Yes, once we are in we can always sit it out and that's what people will do but if I was to hold my money back for now, I may well be in a position to buy at a much cheaper rate sometime soon.