Thread: Dreams & Pipes
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Old 09-24-2004, 08:02 AM   #6
Catwoman
stalking a Tom
 
Join Date: Apr 2004
Location: on the edge of the english channel
Posts: 1,000
Hmm. Bearing in mind the housing market in the UK (and elsewhere I believe) is at an all-time peak - you don't get a lot for your money, and while the bank of england estimate that house prices will fall slightly and steady over the next few years, I predict a big drop in prices as interest rates rise and national debt escalates out of control - people will owe too much on credit/store cards to afford property and their credit ratings will suffer. Meaning if I do buy an existing property now all I could afford would be a small flat and chances are it will be worthless in 3 or 4 years. So not so safe after all? Of course I could be completely wrong.
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