...well is it? My wife and I are currently in the process of buying our first house. We've been lucky enough to have the chance to buy the nice 3 bedroom semi that we've been renting four the last four and a half years. We're buying directly from the landlord for 17k less that he paid for it in 2007 and our mortgage is going to be at least £50 a month cheaper than our current rent is.
Reading all the doom and gloom threads on here about the likelihood of another housing crash/greek default etc is making me pretty nervous though. I only want to live here for another 5 years max before relocating. Is it a good time to be a first time buyer then?