Originally Posted by rssteve
wrong time to buy now. but if your looking for the long run 30+ years then you can't loose. Remember you also then get taxed on any money you made or something like that so its not all good.
What would you do if you brought one to rent out, then houses prices fell say 15%, some people would want to pay less rent due to the fact the mortgauge would cost less, and due to the lack of tenants overall prices in theory would fall, aswell as first time buyers picking up houses, oh and other BTL.
Yes, I have considered all that. I know it's a big risk. I fear owning 2 houses in negative equity!! LOL.
However, we have to do something and this was our first thought.
