Is it better to wait?

Hi InSwansea,

It is difficult to tell you what is best. These times are uncertain and nobody really knows what will happen in the next months with the situation in the EU.

If you have already sold your house, then you need to think what’s the best way to protect the money you’ll get. Banks are not entirely safe, and you need to live somewhere.

It may be better to buy a house if:

1.       You have enough money to pay it in full or at least give a big enough down payment.

2.       You know you’ll be able to pay the mortgage with easy.

3.       The house is placed in a good community where you can build relationships and resilience among its people

4.       You’ll have a garden and regulations allow you to grow food and keep livestock (even small like chicken and goats)

5.       The house won’t need too many repairs or investments to be liveable

6.       The house doesn’t require you travel long distances to work, acquire food, etc.

It may be better to rent and wait, while you invest your money in gold and/or community banks (in savings accounts if you don’t want to risk it all) if:

1.       Your job is not safe and you know you may lose it soon

2.       You are not sure or where to move to

You may want to check the different transition towns in UK to see which one is more attractive. You can also contact its members to have a better idea of where it may be safe to move. The transition movement can be found here: http://www.transitionnetwork.org/

Good luck!