I wonder if there's an establishable price point where property is beyond the realms of the workers and into the realms of the wealthy, who will always be able to afford the property, so those properties will be less likely to fall significantly?
Such as can be seen in parts of London, and probably other wealthy areas in the home counties.
So maybe it's worth paying more for a property in a better area, as it's the better long term investment if buying at the top end of a bubble.
Providing one can comfortably afford the repayments of course.
Such as can be seen in parts of London, and probably other wealthy areas in the home counties.
So maybe it's worth paying more for a property in a better area, as it's the better long term investment if buying at the top end of a bubble.
Providing one can comfortably afford the repayments of course.
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