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Old 04-05-2010, 20:04   #7
Chuckles
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Quote:
Originally Posted by Conjuror View Post
So what will happen first? Currency crash or housing crash. If you had cash available should you wait or buy now?
It's the same as it always is with house buying.

If you can afford a mortgage now (and could also cope with an increase in interest rates) then buy now.

For the majority of people, getting a mortgage is a means to buying a home to live in for a length of time, not purely an investment. House prices will always increase over the long term, even if there are blips in the short term.

If you buy now, you can be pretty sure that in 7 years time, it'll be worth a lot more even if it were to drop 15% in the next year.
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