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Buying a home together with different financial situations ona
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Crashy_Time wrote: »Putting your "life savings" into an extremely illiquid asset like property at this time is probably quite risky IMO.
So in your opinion they just put their lives together on hold and continue to live apart with their respective parents for several more years?
Or should they do as you did and keep paying off a landlord's mortgage for years and years in the forelorn hope that one day house prices will crash? Remind me again how that has worked out for you? You need prices to crash by around 80% just to get back to where they were when you sold to rent don't you?
The bottom line is you made the worst fincancial decision of your life all those years ago and, rather than man up and admit your mistake, year after year you contine to try and convince yourself and others that house prices are about to crash.Every generation blames the one before...
Mike + The Mechanics - The Living Years0
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