From: jim@jibbering.com (Jim Ley)
Newsgroups: uk.finance
Subject: Re: Right time to buy?
Date: Thu, 20 May 2004 17:51:04 GMT

On Thu, 20 May 2004 18:38:16 +0100, "Tumbleweed"
 wrote:

>And people said that 2 and 3 years ago and prices may have risen 20 or 30%
>since then. You'll only know if you were correct in hindsight, the phase
>'over priced' is meaningless unless no one will buy the property in
>question. I

Sure, but it still means it's worth asking questions, looking at the
issues etc. which is all the OP asked.

I think it's pretty clear that there's a greater risk of buying now
harming your long term wealth than making it - which was the OP's
question.

>> No, I can afford the repayments on a ferrari, it doesn't mean I
>> wouldn't be better off taking the train.
>
>Crap analogy, but lets go with it...if you are going to buy a car anyway,
>then you should be sure you can make the repayments.

but which is more likely to make or break me financially speaking for
the rest of my life.   

Jim.