But in general it depends largely on how long you plan to keep it and what area it is. If you for example plan to live somewhere for the a rather long time, and pay down loans while you live there buying is probably not a bad idea. When you move and sell you might turn a profit or a loss compared to living in a rented flat. But unless you bought at the peak or your area becomes depopulated you should be able to pay back your loans and have a downpayment for your next home.
And as you say, you need somewhere to live. A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!
The area will absolutely not become unpopular or depopulated. And I won't loan the money but pay in cash.
And renting is not an option. In Sweden we have rent control (aargh!) which means it is impossible to find an apartment to rent.
Any more ideas and comments?
Please! :) Peak oil is not an energy crisis. It is a liquid fuel crisis.
I only wish Oslo still had some rent control housing. Maybe I could hope to afford renting an appartment here then... But then I don't own an appartment in the "right" part of Stockholm and cheer when the conservatives win elections.
So stop your whining about my upper middle class travails. Peak oil is not an energy crisis. It is a liquid fuel crisis.
