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Old 04.01.2012, 21:49
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Phil_MCR Phil_MCR is offline
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Re: Thinking about buying. Good/bad idea with a housing bubble?

depends on how long you are prepared to wait - the market can stay irrational for longer than you might care to wait.

i know of several people who decided to wait out the UK bubble but aside from a small pull-back in 2008, they haven't really managed to get anywhere near the discounts they were expecting.

no doubt house prices are crashing in real terms, but currency devaluation is masking much of it. a similar scenario could play out in switzerland.
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