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Save, invest or buy?
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Pinkshoes, how is losing 3K a month in negative equity "living within my means" sounds like insanity to me more like. You can generalise and say crash crash crash becuase that is what is happening. If you thing 3 million unemployed, a whopping recession and no manufacturing base is going to be great for UK house prices then I think you need to go back to economics 101. That, my dear, doesent matter where you live. Besides, the types of house I am looking for are sliding well more than the 2% a month the haliwide are reporting, I reckon its averaging more like 4% here in Wiltshire (nice villages as well).
When we bought, it wasn't a question of not being able to afford the type of property we wanted, it was that very few properties come onto the market. Rents are so high, that people don't sell as they can rent them out for so much.
Since November 2007, I have spotted ONE property that I would have considered that met my basic criteria of 2 double bedrooms, private parking, and good street parking, in a nice area. It's a city with very very few (if any) brownfield sites left to build on.
My point is still that every individual street is different, and it's wrong to generalise. If you like renting, my honey bunny, then good for you, but others don't, and money isn't everything.Should've = Should HAVE (not 'of')
Would've = Would HAVE (not 'of')
No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)0
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