onestopview.com » usa economy slump http://blog.onestopview.com Mon, 01 Feb 2010 15:15:38 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 When will the right time to buy property be now? http://blog.onestopview.com/when-will-the-right-time-to-buy-property-be-now.html http://blog.onestopview.com/when-will-the-right-time-to-buy-property-be-now.html#comments Mon, 29 Sep 2008 20:08:05 +0000 onestopview http://blog.onestopview.com/?p=47 As I sit and watch the US vote against bailing out the Lehman bank with a 700 billion miracle funding, when will the right time occur again to buy property? With prices already falling at a steady pace near enough globally and figures such as that of UK with mortgage approvals down 95% from the previous month, just when will the time be right to venture once again into the real estate market?

Could we see 50% drops in value or more? With more and more property coming onto the market, could we see a free fall in house prices? A free fall in first time buyers and mortgage approvals? How desperate will people be to sell property? I foresee bargains to be had by early 2009 with prices to continue to fall just to 2010 and levelling out until 2012/2014.

The value of money now increases as assetts start to plumett, average house prices falling, oil price falling, stocks falling and suddenly your £/$ suddenly becomes worth more and more…. just how long before it becomes a safe time to buy, as what you buy now could easily be purchasable a year later for 50% less.

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