There is a big difficulty with the renting market at the moment...it's not cheap! Also, it's really just throwing money away every month and even if you are in negative equity in the meanwhile, you are still owning a greater percentage of your home every single month and some of the money disappearing every month is actually going to benefit you.
If you intend to stay in the housing market for the long term, you just need to remember that the house you move into will also have dropped in value and, as long as you are not earning less, it will cost you lesss in real terms for you to own this house.
You need to be as hard-nosed in your purchasing negotiation as potential buyers are being with you. |