T
thewatcher said:Listen to your bank manager,he's the expert !.
badabing said:Ignore the naysayers...the riskiest thing is to do nothing at all. That way you have no chance of getting on
One caveat tho...I would'nt want to be paying 2 mortgages at once with no income...try and get an income from one i.e rent the existing house
DonKing said:I know any bank manager I've met I wouldn't consider them to be financial experts!
I totally disagree with you.. building a house and holding will most definitely produce handsome returns over the long term. A 20 or 30% drop in values in the medium term will be irrelevant when looking back 10 years down the line. To do nothing implies a 100% risk of making no gains!thewatcher said:That is without doubt one of the most stupid things i've read in a while.The chap has a house at the moment,to do nothing would incur no risk,to start delving into the monster that is the irish property market would be by far the riskier option.
badabing said:I totally disagree with you.. building a house and holding will most definitely produce handsome returns over the long term. A 20 or 30% drop in values in the medium term will be irrelevant when looking back 10 years down the line. To do nothing implies a 100% risk of making no gains!
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