...or perhaps not buying a house after all

[ciphergoth]

...at least for a while.

Met up with babysimon at BU last night. He made a *very* persuasive case that now is not a good time to buy. Various folk made the opposite case, but his was backed up with detailed quantative historical data. I'm sore about it, but I'm convinced. It's sad but at least it means I'll be able to get a rather better property for the same money when the crash comes.

Just spoke to an investment advisor, who said if I was only investing for a year or so and then hoping to buy property, I should put my deposit in bonds. I'll also of course put the maximum I can into an ISA. It'll keep 'till I need it.

So I guess I'm looking to rent once again... but we're not in a hurry.

Comments

i am bitter.

[atommickbrane.livejournal.com]

Yes but I'm sure the hassle of being a landlord fades somewhat once they WIPE THEIR TEARS AWAY WITH 50 POUND NOTES, THE EVIL RIPOFF BASTARDS, o where o where are those deposits over the years, o where o where goes my money which I could be saving, OH IT'S IN YOUR POCKETS? Marvellous!

Re: i am bitter.

[djm4]

Mind you, although the only tennents I ever had sold all my furniture (including my cooker), wrecked the place, never paid me a penny in rent and pissed off my neighbours. They'd have been bloody hard to get rid of, too, if it hadn't been for the fact that the police came for them at 5am in the morning (breaking down my front door to do it).

Needless to say, being a landlord is not a game I ever want to get into again.

Re: i am bitter.

[atommickbrane.livejournal.com]

Oh MAN! So that's where I've been going wrong, with always paying the rent on time, keeping the furniture and generally Being Nice. Why does nobody end up winning in this "rental" game?

Re: i am bitter.

[djm4]

Too many bastards around happy to take advantage of anyone nice in the system. They win, certainly.