It is better to buy and wait, then to wait to buy. Of course it is equally important to buy at the right time, but we shouldn't try to 'time' the market.
When you own your own place, you are putting money into your own asset, which will only appreciate in time. When you rent, you simply help your landlord to pay off his mortgage loan and build up HIS/HER assets.
I understand it may seem like property prices are expensive, but do understand the reason why prices are kept high is due to more demand than supply.
I also address this topic in my latest free bi-weekly newsletter, where I talk about whether now is a good time to BUY or SELL. If you wish to browse through it, let me know and I will send it over.
Cheers,
Benjamin[ERA]
98807751
era.benjamin@gmail.com
PropertyBen.com
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