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Courses for first-time buyers?
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I agree with the others who've said it's a really bad idea to buy a house now. In the previous 3 house price crashes since the 1970s, each time prices started to fall they fell for several years -- then remained stable for several years before beginning to rise again. What with all the turmoil in the financial markets at the moment, why would this time be any different?
For what it's worth, we were looking to buy a house earlier in the year but have now decided to wait. After prices being so high (and continuously getting higher) for the better part of a decade, it's easy to think you can get a bargain when prices start falling. But with more bad news about the economy emerging just about every day, it's looking like prices have much further to fall.
The Council of Mortgage Lenders (who would have no interest in perpetuating a house price crash) have stated that the market is unlikely to recover before 2010.
news.bbc.co.uk/1/hi/business/7632207.stm0
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