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Is this the right time to buy a home?
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Richard Lander (Citywire)
Posted: 16 June 2010 18:02:35(UTC)
#1

Joined: 08/06/2010(UTC)
Posts: 9
Our very own James Phillipps is about to do so - you can see his story here at http://citywire.co.uk/mo...ying-adventure/a406922.

is he on the right track for a solid long term investment? or is he throwing his money down the drain?

Would you buy more property right now?

Me? I'm selling an investment property which I've had for seven years.

What about you?
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Anonymous Post
Posted: 18 June 2010 10:55:23(UTC)
#2
Anonymous 1 needed this 'Off the Record'

Please, unless James Phillipps has to buy now,he should wait.
If I need to explain to him why,then quite frankly he has his head in the sand and I have better things to do.
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Anonymous Post
Posted: 20 June 2010 12:37:26(UTC)
#3
Anonymous 2 needed this 'Off the Record'

Its obviously not the right time to buy a house, anyone can see that. Think of it like the ingredients of a cake, 1 spoon of unemployment, 1 spoon of tax rises, 1 spoon of unavailable mortgages, 1 spoon of huge national debts, 1 spoon of rising prices, 1 spoon of the budget cuts, mix it altogether put in the oven and wait to see if the cake rises or sinks in the middle. It doesnt sound like a good recipe to me.
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Helen Frazer
Posted: 21 June 2010 03:26:10(UTC)
#4

Joined: 21/06/2010(UTC)
Posts: 1
I would like to remind James of the concept of mean reversion. If he doubts my advice, or anyone else does, I would point him in the direction of Jeremy Grantham of GMO's quarterly newsletter. An excellent read for the geeks amongst us and a timely reminder of the importance of common sense and history providing a lesson in not repeating past mistakes.
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Richard N
Posted: 01 July 2010 11:03:12(UTC)
#5

Joined: 30/06/2010(UTC)
Posts: 3
No, not least because the market is being artificially propped up by low interest rates.
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Amelia Brown
Posted: 06 February 2013 11:56:52(UTC)
#6

Joined: 14/12/2012(UTC)
Posts: 12
Not only could this be a good time to buy a house, but it may be the best time in years. For some reason, home buyers seem most interested when prices are high.

We all like to see minimum priced offers on the prime locations of London such as Mayfair, Kensington, Regent Street and Marble Arch.

Most people begin their search online for buying a home and many landowners have benefited from this increasing trend of online usage. There are many great real estate firms online such as Plazaestates.co.uk, gartonjones.co.uk and many more who can help you in finding your dream home. They not only offer properties for sale but also give you full information about properties for rent as well.
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Alan Anderson
Posted: 06 February 2013 13:40:10(UTC)
#7

Joined: 02/04/2012(UTC)
Posts: 171
Amelia is a spammer across several forums at the same time.
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