View Single Post
  #7  
Old 03-03-2004, 06:52 PM
jjl jjl is offline
Registered User
 
Join Date: Jun 2003
Posts: 695
Me too. Just bought a house (in Scotland) - very nice, 11 acres, big stone (old) farm buildings, mountain views, about 600K. The catch is about a third of this is debt. We went for this because the housing market is rising at about 20% pa at the moment. It a gamble, it could crash...

Is it wise to borrow more in a rising market? I'm fiscally pretty naive.
__________________
'79 280SE
'87 560SEL
'83 280CE
'01 Nissan Micra
'98 VW Passat
'83 911 turbo
Reply With Quote