Sunday, Jul 27, 2008
You can get a good reduction now - but unless you can negotiate at least 40% off the asking price, why bother?
Telegraph: Summer sale: mortgage rates set to fall
The next 18 months will, without a doubt, be even harder for many families: house prices will plummet much further, the squeeze on families' incomes will intensify and hundreds of thousands will lose their jobs. With every period of economic gloom comes an excellent buying opportunity for those who can afford it. As the late investor Sir John Templeton said, the best time to invest is at the moment of "maximum pessimism". There is every indication that that moment will arrive over the next year and a half.
Posted by mytimeisnigh @ 10:40 AM (223 views) Add Comment
1 Comment
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1. paul said...
"Get ready, set… property bargain-hunting season is about to begin."
Dream on, Conway. Did you write this before or after today's rapidly worsening Halifax statistics?