I believe the correction was nearer 6% then
I recall it being around 30% depending on the region.
I don't recall it being that high, but Damm
I do remember a friend chucking the keys to his house at the bank manager and saying "sue me"
I had a flat that dropped from £42K to £12K in about 2 years
6% drop?!!
Might be that prices stagnate whilst inflation continues, over 5 years that could be a 15% real terms fall?
Razor, long time no see, , the place i was looking at was in Southgate, which is a nice part of North London, as i am going to rent it out, the rent pretty much covers the mortgage, but even if the interest rates increased by a few % i would be able to cover the excess,
I am really sceptical as there are so many opposing views, but I am not looking to make a quick buck as I intend to live in the flat in the future,
so stuck in between a rock and a hard place here, not in a huges rush so i may just tread carefully and wait for a bargain
that is terrifying, what did you do ? did you sell out? or just ride the hard time through
I'm wondering if renting is my best option.