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Is it wrong of me to want the housing market to collapse?

I earn quite a good wage, yet whenever I look into buying a house, I either have the choice of buying a derelict run down property in an area where drugs and crime are rife, or buy nothing at all. I can't afford a decent home. It would cost over £900 per month just for a basic flat in a semi decent area! The only way I will ever own my own home is if I win the lottery, or house prices fall drastically. I know the chances of winning the lottery are slim, so I just hope the housing market collapses. My job is very secure. I work in food retail for a national comapny.

Public Comments

1. I don't think it's wrong - there's nothing wrong in wanting to spend money in a practical way. It's just good financial habit. But do bear in mind a downturn in the housing market generally reflects a poor economic climate, you'll likely be faced with job security issues and all the other crap before you see the housing market fall. The most fundamental way concept of financial gain is to save money during economic boom and invest during economic slum.