3 ms·
> We've been waiting for the housing bubble to pop a while, but how long must we wait? The longer we do the worse it'll be. As someone who moved to London far
by detritus 7y ago
> We've been waiting for the housing bubble to pop a while, but how long must we wait? The longer we do the worse it'll be.
As someone who moved to London far too long ago and has expected some miraculous drop in house prices every time the economy catches a sniffle - stop waiting. It'll never happen. I mean, it may do, but to all practical degrees, house prices will creep upwards forever.
There's no 'right time' to get on the ladder, other than when you can actually afford.
Now all I hope is that I get out of London before I get too bitter about not having simply bit the bullet a decade or so ago.
- lawn 7y agoJust as an anecdote we moved away. Our friends moves to the city and buy houses for 10x what we bought ours for, and smaller ones too. Of course it's not possible for everyone and there are sacrifices with living in a small community as we do.