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DoubleBubbleTrouble

A Soul In Need Of Advice

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Someone in need of some advice here...

I graduated 2 years ago and am considering buying an ex-council house with my girlfriend. The house I really want is £50k more expensive and at present we cannot get a large enough mortgage.

I'm worried if we buy the ex-council property then prices will crash and we'll end ups stuck with it and negative equity.

However, I am also worried that if we don't get on the ladder now we may miss the boat. I really hate renting!

What do I do? Continue to rent and wait for prices to fall or take the plunge now?? The ex-council house has trebled in price over the last ten years!! ANY advice is much appreciated.

http://www.pricedout.org.uk/Forum/tabid/56...ic/Default.aspx

I'd be grateful if anyone could give this guy some good advice, I'd answer but the campaign needs to stay out of the debate on the future direction of prices... (and that's HPC's mission after all).

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Is this for real:

On one hand he is worried about prices rocketing.

On the other hand he is worried about prices crashing and NE.

Do some research, make your mind up and put your cards on tha table. :rolleyes:

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Guest prudence

Is this for real:

On one hand he is worried about prices rocketing.

On the other hand he is worried about prices crashing and NE.

Do some research, make your mind up and put your cards on tha table. :rolleyes:

Quite right. He clearly is already aware of both sides of the argument. I can't understand people like that asking others to look into a crystal ball for them. They should do it themselves

Edited by prudence

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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