...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

That graph again

[babysimon]

1995 was, of course, a very good year to be buying. This year isn't. In my opinion of course, and I disclaim all responsibility if Paul is reduced to penury by this decision. Of course, I will be too ;)

Re: That graph again

[ciphergoth.livejournal.com]

Eh, could you decipher the X-axis of that for me? Ta!

Re: That graph again

[babysimon]

From left to right, First Quarter 1970, First Quarter 1973, etc. With the unlabelled ticks being in really stupid places...