From: jim@jibbering.com (Jim Ley)
Newsgroups: uk.finance
Subject: Re: House Price Crash - watch this - you decide....
Date: Tue, 09 Aug 2005 21:53:24 GMT

On Tue, 09 Aug 2005 21:48:12 GMT, "Matt Robertson"
 wrote:

>What is this obsession about treating a house as an investment?  As most
>things in life, there is never a right time to buy, apart from when you need
>it.  Unless you're an investor, a home a roof over your head, and more often
>than not (whatever market conditions) worth the mortgage repayments.

Not if you can buy a roof over your head for less than the mortgage
payments through renting.

Or if purchasing a house with borrowed money at the wrong time means
you are (practically) unable to sell due to the mortgage being larger
than the value of the house.

Jim.