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Should I just buy or wait for all this to blow over?
Comments
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What's the "this" that we need to wait to blow over?0
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Buying a house in manchester for 115k down from 140k I belive it is worth 125k in current market but due to a desperate seller I did get it for under offer. Anyway I exapect house prices to fall and a lot of people are talking about a massive crash like there was in the 90s. So should I just buy the house as I'm about to exchange and live in the house and not see it as a investment or drop out and hope there is a crash and buy then? I'm worried in getting into negative equity and being stuck in the house paying over the odds.
Hi Tom!
[FONT="]Nobody can say for sure but sometimes in life you have to do stuff because there is no perfect time to buy – would you buy during a crash or wait for a further drop?
Just ensure you stress test your loans and go with your gut.
I’m still buying and expect 2015 to be quite good with moderate inflation but trouble could come from anywhere in the world these days so who knows?!![/FONT]
Good luck!0
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