m007m... I agree under most circumstances now is a time to sit and wait.
I have been in a position to buy again for a couple of years but just can't justify taking on the extra debt and putting myself under pressure in the current climate of uncertainty.
How long do you wait though?
Of those waiting, how many will actually jump in when the time is (about) right?
How do you know when the time is right?
How many are saving their would-be repayments vs how many are just eating and drinking more and have nicer clothes?
I don't ask these questions to challenge you, I just think they are constructive things to discuss in the context of a bear property market. Far more constructive than cheer leading and heckling.
