Saturday, Dec 08, 2007
The Guardian
The Guardian: Does property still make sense?
Sarah Beeny "......you're definitely not mad to buy at the moment. You have to look at it all relatively. The reality is, people talk about a dip in the market but if you are buying a home today you are going to be in it for five, 10 or 15 years.
"Over that sort of time period it is just not going to be a problem. Even if your home does come down a little in value, that just means the next one you buy will be cheaper as well."
She says that potential buyers are in the grip of irrational fears. "Interest rates really aren't at that high a level and it's quite a different economic climate to the early 1990s when rates were at 15%. People aren't in a position where they have to sell because they can't afford the mortgage."
Posted by eagle @ 07:53 AM (325 views) Add Comment
4 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. alan said...
Jonathan Davis came across as an honest bloke. The others seemed decidedly slippery!
2. wiltshire said...
She's not wrong you know? Apparently there is a law that house prices can never decrease in Cloud Cuckooland.
3. confused76 said...
"But the true i@iots, she says, are those who are tempted into investing in buy-to-let properties at this stage of the market. "I have thought for some time now that buy-to-letters are bordering on the mental, buying properties on yields of just 3% or 4%."
she is good looking and smart
Ahha h ahhahhhah h hahahha hhahahh
4. Davros said...
Sure properties will rise over time, but once you buy, that's the snapshot of the market. If houseprices are lower in a years time, your mortgage won't be. That's it for 25 years.