Hi...
A friend of mine asked me this question today...
She wanted to know whether you should buy where you could afford or whether you should save for an extra year or so and buy something in a nice safe area to bring her kids up in - currently she is renting and this purchase will be for a PPOR for the next 10 or so years.
This got me thinking why people choose to buy in places that have bad reputations and low CG, is it because they decide to just settle for what they can afford and not think about the long term? Or are they just too impatient to save for that extra year or so? Or am I just being too judgemental : Seriously though do you buy where you can afford to buy right now or save that extra few years for something in a nice area with good CG?
Kate
A friend of mine asked me this question today...
She wanted to know whether you should buy where you could afford or whether you should save for an extra year or so and buy something in a nice safe area to bring her kids up in - currently she is renting and this purchase will be for a PPOR for the next 10 or so years.
This got me thinking why people choose to buy in places that have bad reputations and low CG, is it because they decide to just settle for what they can afford and not think about the long term? Or are they just too impatient to save for that extra year or so? Or am I just being too judgemental : Seriously though do you buy where you can afford to buy right now or save that extra few years for something in a nice area with good CG?
Kate
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