Quote:
Originally Posted by DemolitionRed
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.
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If you are a cash buyer that is sensible, if someone needs a mortgage they will never get it cheaper than now
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