Quote Originally Posted by Jay&Zobel View Post
MORTGAGE:

I am getting more and more confused...

I read an article saying it s best to buy a house now because it is rather cheap...
Phil & Kirsty in Location, location, location said to grab those cheap prices...

And what about the financial market? house prices arent stable at the moment... not best to invest on falling prices because you will be paying more than what you have bought...

Others said: Best not to buy now. Economic Crisis. The doom & gloom, recession whatever they call it!!!

Hmmmmm....

Anybody can help us please?

Thank you!

P.S.
We are renting a 2 bedroom apartment and it is really reasonable... But i still don't have an idea what's he best option? Pay monthly rate and forget about high interests on mortgages? Rent for life? Own a house?

I'll review also our council tax payments as we might be overpaying it...
I've heard that house prices will come down another 15%! My advice is buy! Prices may come down a bit further..but buy! Buy! Buy! When you buy a home it's not just a place to live, it's an investment! An asset! It seems to me that there will never be a better time to buy! Haven't the government let the first time home buyers buy without having to pay stamp duty (tax) at the moment? (or something?)

Definately buy while the prices are low I'd say...house prices will inevitably go back up at some point...when that happens you might find yourself saying we can't afford it now..


Buy!Buy!Buy!