For those worrying about the recent drop in house prices- I urge you to think positively and ride with the tough times; visualise the bigger picture. Housing slowdowns and crashes aren’t unusual- they come and go like the wind passed through your anal-passage. Eventually they’ll be another housing boom and the nation will get whipped into another frenzy and start buying up shit like Donald Trump. What will your house be worth then? Just look at the facts- notice the clear-as-day trends?
After a property slowdown, history shows that house prices exceed beyond it’s previous peak when the next boom kicks in. It’s the long-term strategy- it’s as safe as houses, me’ old mucker.
If your finances are in order, and you’re comfortably making mortgage payments- then there’s definitely no need to panic. I’ve heard of a lot of people just pack up and sell to rent based on media hype, even though they’re able to afford their mortgage. It’s all non-sense, and a prime example of unnecessary media driven ideology.
If you’re one of those people jumping aboard the bandwagon of lumberjacks selling for the sake of selling, and walking away because there’s a barrage of cynics screaming out to you, telling you to “GET THE FUCK OUT WHILE YOU CAN“, then you need to stop and check yo’self, girlfriend! The cynics are sweating because they’re too inadequate to think further than their bricklaying diplomas.
Is now a good time to rent? Is renting really the solution?
No. Why? Because…
“While on a month-to-month basis in some areas, it is cheaper to rent than buy, at the end of 25 years, a homeowner actually has a house whereas the renter has nothing.” – Nici Audhlam-Gardiner, Abbey’s head of mortgages.
Disclaimer: I'm just a simple landlord blogger; I'm not qualified to give legal or financial advice. Any information I share is my opinion based on my personal experiences as an active landlord, and should never be construed as legal or professional advice. For more information, please read my full disclaimer.