Tuesday, Sep 29, 2009

A note of caution to first time buyers

Love Money: Don't be suckered into buying a property

Like vampires, the housing market needs the fresh blood of property virgins. Don't be suckered in just yet, or you'll get it in the neck, especially if inflation and interest rates start rising.

Posted by pooodle2 @ 09:29 AM (971 views)
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6 Comments

1. The Masked Tulip said...

Feck, for a moment I thought that Sir Harvey Jones had risen from the dead to warn people about ludicrous house prices in the UK!

Tuesday, September 29, 2009 10:29AM Report Comment
 

2. a saver said...

"My advice to would-be first-time buyers is this: Shun the property market. Snub it. It's a desperate old hag living off its glory years while demanding an unseemly price for its favours. Ignore the wiles of estate agents, desperate to maintain their immoral earnings."
Love it! Makes a nice change from all the fantasist talk of recovereh and green shoots.

Tuesday, September 29, 2009 10:49AM Report Comment
 

3. mrflibble said...

Like vampires, the housing market needs the fresh blood of property virgins.

Brilliant *lol*

Nice to see some honest analysis of the situation.

Tuesday, September 29, 2009 10:53AM Report Comment
 

4. doomwatch said...

Quite right, but there is a wall of sellers out there refusing to belive their property is actually worth 70-80% of what they think
it is worth. It will take 6-12 months at least for them to wobble down the road of reality.

Tuesday, September 29, 2009 11:26AM Report Comment
 

5. inbreda said...

@3

Yup.

So be patient.

The next year is worth watching in comfort, so grab a beer, sit back, and enjoy.

Tuesday, September 29, 2009 12:06PM Report Comment
 

6. Andrea said...

Loads of numpties posting under that article, though. Depressing...

Tuesday, September 29, 2009 12:48PM Report Comment
 

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