Thursday, September 9, 2010

Buying a second home makes no sense

Why this is definitely not the time to buy a second home

The allure of owning a holiday or second home is pretty irresistible for some expatriates, and the lower mortgage rates on offer can make this option seem pretty tempting right now. But this is a terrible time to think of buying a second property as interest rates will soon have to go up and house prices still have a way to fall.

Posted by peter cooper @ 09:21 AM (844 views)
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