When is the right time to buy a home?
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Looking ahead, I do not believe prices of houses as a whole will come down. In East London the average price in practically every suburb has increased year on year, even during these past three difficult years. According to reports, residential property prices in parts of America are currently at the 2002 level. Our situation is completely different – we live in a stable market where, over a reasonable period of time, you can trust your investment. Take a leaf from any wealthy person that you know. Ask them how they made their money and don’t be surprised if they tell you that the bulk is from property investment. If you have been holding back wondering when to buy, you may be missing the right opportunity right now, it is as good a time as any, probably better.
