Don't get me started on frickin house prices. I went to the bank to get a quote and was told they'd only be able to give me a mortgage for £30,000. Yeah that'll buy me a nice cardboard box to live in or a parking spot in Bath for a year. *sigh*
Look at the bright side.cazadoraDecember 23 2006, 20:02:36 UTC
You are financially stable to even consider buying a house. That's pretty amazing for a couple your age, right? And only one of you works right now, so once you graduate, your ability to borrow will increase. So you just have to be a bit patient and start putting away the money each month into a house fund and you'll be a much better position to buy so very soon.
And maybe while you are waiting, prices will go down. In the US, they are predicting a large number of foreclosures next year as all the people who bought large homes they couldn't really afford won't be able to pay given the interest rate going up.
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And maybe while you are waiting, prices will go down. In the US, they are predicting a large number of foreclosures next year as all the people who bought large homes they couldn't really afford won't be able to pay given the interest rate going up.
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