13 Mar 2011 1:32 PM:
Dands
dont go near this and im with the looney. Talk about potential/location/ski slopes and lovely holiday location -this is true but hearts are ruling heads here.
If the original intention was to buy as investment and hold for a number of years and sell at profit- a not unreasonable objective- your not a flipper looking for quick return- this is still now a lousy investment- you will lose a fortune- nobody will ever make any money. There are too many unknowns to make a rational investment decision.
If you just want a holiday home and love the area and have very deep pockets and dont mind throwing money into a big hole- then go ahead- but doubt most people are in this situation. Just rent if its a nice holiday your after.
you know whose going to buy these properties if any ? the vultures waiting on sidelines to pick these up at a fraction of original price from distressed sellers.
Get out if you can and try and get your deposit back- dont let romantic dream s of what ifs cloud your judgement
good luck
Community thread:
Should i buy!!
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