Id have to agree with dojj! You buy houses for short term greed then you takes your chances and if you get burnt then TOUGH SHIT!

MY view is that property is and always will be a long term investment.

The complete MUGS who mortgaged themselves up to the hilt just to cash in and buy an M3 or merc to keep up with the jones deserve everything they get or more likely lose!



Im currently buying my first home and im not worried long term at all. As long as the mortgage company honour the mortgage offer then im happy as the 2 year fixed rate should ride out the storm.

I managed to get a 3 bed end terraced house with garage and just fully refurbished for 85k in stoke on trent.

Taken me two attempts to get a house as the last house i was trying to buy fell through in early april because the valuation came back 10k under what i offered despite plenty of comparables in the local area for similar houses at similar prices recently sold.