muttley, on Dec 11 2004, 11:39 AM, said:
If you are so confidant that there will be no significant drop then what attracted you to this site?
Good luck with your plan.
I know Southgate very well and prices are falling across the board. It has a tube and good schools which will stop prices falling drastically (as opposed to supposedly up-coming places like Hackney which have no such infrastructure and is my tip for 40% drops...)
I suspect that LION is just trying to make himself feel better about buying at the top of the market and certainly he'll have saved a few quid buying a place in need of work - but to expect to walk away with a profit in 2 years is very optimistic! We could be approaching the trough in the market by then - not the best time to sell.