tatty Posted September 21, 2008 Share Posted September 21, 2008 From what i've been reading on here it seems you're better off being in an over-priced house than have your cash devalued over the next couple of years. I'm meant to be exchanging contracts on my sale next week but I think i'll pull out or ask for extra money. Quote Link to comment Share on other sites More sharing options...
slurms mackenzie Posted September 21, 2008 Share Posted September 21, 2008 From what i've been reading on here it seems you're better off being in an over-priced house than have your cash devalued over the next couple of years.I'm meant to be exchanging contracts on my sale next week but I think i'll pull out or ask for extra money. Unless we get deflation Quote Link to comment Share on other sites More sharing options...
Harry Monk Posted September 21, 2008 Share Posted September 21, 2008 You'll lose far more money keeping the house and I don't think you'll have too much luck gazumping at the present time. If inflation moves upwards, so will interest rates (I do not now and have never believed that the next interest rate move would be downwards). So your STR fund will keep up, more or less. If you have a chance to offload a property at the moment, bite their arm off. This Winter is going to be a bloodbath for house prices. Quote Link to comment Share on other sites More sharing options...
spud999 Posted September 21, 2008 Share Posted September 21, 2008 Surely as long as house prices are deflating the STR fund is good, no matter what else is happening eg fuel price? House prices arent going to hyperinflate anytime soon! Quote Link to comment Share on other sites More sharing options...
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