Mike 29104
‘Now there is light at the end of the tunnel, and I can afford to buy a house once the prices come down to “normal” levels.’
I would be very interested how you (and your Dad) intend to determine that they are at normal levels.
Personally I think the area is at normal levels , but it won’t make sense to buy for a LONG TERM house owner until the local economy stabilises: ie price are back at the long term norm in relation to the long term drivers , but as the health of the local economy is likely to be a major influence, such buyers should wait until at least, for example, Rich’s employment measure stops falling.
