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Because we neither need to nor does it make much sense for us to do so.

We'd have more or less the same monthly outgoings anyway, with all the difficulties and insecurities of renting in the market here, and in the long term I don't expect the drop in property prices to be sustained. I'm guessing an outer limit of 10% or so followed by a spike once the stamp duty issue is sorted out and then slower growth thereafter that'll mean we'll be ahead within a year or two.

by Colman (colman at eurotrib.com) on Mon Mar 26th, 2007 at 07:49:07 AM EST
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