Buy now or hope to buy later: the big property gamble

A friend of mine is in a difficult situation. He knows he can get a mortgage right now, but he sees difficult times ahead for himself financially, with precious few savings to fall back on after paying the deposit and other costs.

Buying a house can put people under great strain. If you overstretch yourself, or if you're not in the most stable position in your job or family life, it could turn out to be the biggest financial mistake of your life.