When should the average Joe buy property?, page-8

  1. 53,836 Posts.
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    '...dump half my salary in rent'

    imo, find a cheaper place to live first, so you can save a bit more! unless you have a massive mortgage, you are likely to be living in a bedsitter or in the less fashionable side of town, with only a 100k deposit!

    when property prices peak, they could easily come back 75k to 150k and that would be your deposit gone and a decade of work and savings down the drain!
 
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