*Not someone with a mortgage so take under advisement*
On the other hand, keep your eyes peeled; if you see a place that you like and is at a price that you're willing to commit to, take it.
Negative equity is going to be a fact of life for the next while, no matter when you want to buy, but bear in mind that not all residences are equal, so if there's one on the market today that suits you, and is at a price that you can handle paying a mortgage on, then seriously consider taking it and not looking back at what might have been because even if you try to play the markets to get a lower price, it may not be for a place of the same quality.
Also, with inflation as pretty much a given, the negative equity will only hang over you for a few years, meaning that so long as you can keep up the mortgage repayments during that time, you'll be grand.
Also, one of the reasons I'm saying all of this is so that you don't have to leave it to the last minute; December is one of the busiest, most tiring and most stressful months of the year, and tracking down, negotiating, buying, moving into and furnishing a new house is not going to ameliorate that situation.
no subject
On the other hand, keep your eyes peeled; if you see a place that you like and is at a price that you're willing to commit to, take it.
Negative equity is going to be a fact of life for the next while, no matter when you want to buy, but bear in mind that not all residences are equal, so if there's one on the market today that suits you, and is at a price that you can handle paying a mortgage on, then seriously consider taking it and not looking back at what might have been because even if you try to play the markets to get a lower price, it may not be for a place of the same quality.
Also, with inflation as pretty much a given, the negative equity will only hang over you for a few years, meaning that so long as you can keep up the mortgage repayments during that time, you'll be grand.
Also, one of the reasons I'm saying all of this is so that you don't have to leave it to the last minute; December is one of the busiest, most tiring and most stressful months of the year, and tracking down, negotiating, buying, moving into and furnishing a new house is not going to ameliorate that situation.
At any rate, g'luck.