Tuesday, 13 November 2007

House Prices

Surveyors See House Price Falls

At long last, we might be getting closer to buying our own home. It's been a long wait, but perhaps the house-price madness has reached its peak and we're coming out on the other side. I don't wish for people to lose their homes because of ill-advised re-mortgaging or buying properties that have prices well out of their capability to pay back, but a downturn in house prices will eventually mean that we can afford to buy our own home (well, by that I mean sensibly afford a place within our own means).

Anything beats paying out the ridiculous amount of rent that we are now. I calculated the other day that in the past four years we have wasted £26,000 on rent alone (and the landlords can't even be bothered to keep the place well-maintained). I shall be watching eagerly.

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