"Richard Faulkner" wrote
| Mary Fisher writes
| But isn't buying a house about more than selling it ... ?
| Yes, very much so IMO, but the OP asked the question, and I merely
| tried to answer it.
| Funnily enough, one of the most common questions, when I was selling
| houses, was to do with resale in the future, so perhaps we are in a
| minority.
| In reality, most people buy a house as a home, but with a substantial
| weighting given to future prospects when selling.

Not unreasonably, as for most people the liklihood is that they will move
within a few years (job, etc) unlike our parents' or grandparents'
generations who were much more likely to die in the street in which they
were born.

And while in the past if you sold a house in one part of the country you
were fairly confident you could buy something in another part, with house
prices zooming all over the place, there is a real risk of buying a house or
in an area that will not keep pace with the general housing market.

Owain