Your going to loose if you purchase now, which I understand is not what you'd like to hear....
Timo please use a spell check before you post, I know it's superficial but it does add that hint of respectability.
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness. "Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
Choosing where, when or if to buy is always complicated and requires thought, even if you're a FHB.
A FHB doesn't have much choice about when to buy. They can't go back in time and they have no idea if things will be better or worse tomorrow. All they have to consider is the opinions of others and history shows that for everyone who said "do this", there were just as many who said "do that".
They can choose where and what to buy and that is about it.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
Nonsense. If average prices were double what they are now and represented 20 times average earnings, rental yields were hovering around 1%, would it be the right time to buy if you could only "afford" a poxy little flat on the outskirts of bumfuck?
Choosing where, when or if to buy is always complicated and requires thought, even if you're a FHB.
Stop confusing the OP with empty slogans.
Who said anything about prices doubling? Thats not likely. The truth is that for most it does not matter what they paid getting on the property ladder since inflation alone will make that price irrelevant 10 years down the track...
You might want to consider getting friends into your new home to help cover your repayments. Would certainly make things easier.
There was a scheme being pushed by the real estate lobby a few years back called 'Buddy up and Buy'. The idea was that affordability could be improved if you and a buddy got together and went halves in a property. But it didn't gain much traction.
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
It's probably a bit easier to ask a renting friend to leave your house than someone you've bought with, which is probably the reason why friends don't tend to buy together. Renting friends would probably appreciate the extra security and under market rent if you are the type who can handle living in a share house that you also own.
Who said anything about prices doubling? Thats not likely. The truth is that for most it does not matter what they paid getting on the property ladder since inflation alone will make that price irrelevant 10 years down the track...
You think deflation is 'unlikely'? You think unsustainable house price is growth 'unlikely'? I don't.
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness. "Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
Who said anything about prices doubling? Thats not likely. The truth is that for most it does not matter what they paid getting on the property ladder since inflation alone will make that price irrelevant 10 years down the track...
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