Monday, September 18, 2006

But luckily for those waiting to get on the property ladder …

Why I don't care for sharing

But luckily for those waiting to get on the property ladder, you stand a much better chance of staying solvent if you simply avoid getting involved in this particular irrational market. Most people can easily rent a nicer property in a nicer area than they could afford to buy. So why not just sit it out? At some point — and some point soon, if arrears and interest rates continue to rise — the same people who are panicking about getting on the ladder now will be rushing to get off it. And, eventually, houses in Britain might just reach the point where they’re worth buying again.

Posted by doomwatch @ 12:35 PM (588 views)
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2 thoughts on “But luckily for those waiting to get on the property ladder …

  • Great article for the Sunday Times – especially given that the paper carries such a large property sectoin supporting this ‘irrational market’. A lot of young professionals and aspiring ftb,s read this paper and take its investment advice seriously – Money Week are doing a great job in exposing and highlighting the obvious danger of this particular investment bubble.

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  • good article this,

    good to see points of view making it into papes like the sundays times too

    BFS

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