Anyone wanting to move up the property ladder is better off with falling house prices. E.g. if you had a house worth 100K, which is now worth 50K, the 200K house you wanted, is now only worth 100K. So you'll save 50K. Boomed.
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So far, I quite like this recession...
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Originally posted by TimberWolf View PostAnyone wanting to move up the property ladder is better off with falling house prices. E.g. if you had a house worth 100K, which is now worth 50K, the 200K house you wanted, is now only worth 100K. So you'll save 50K. Boomed.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by d000hg View Post- It was only worth £70K when we bought it
- No stocks or pension to worry about
- Not on the bench
- Prospect of work already
- Wife not bothered about being well off
Someone sounds a bit bitter...
No, I'm not bitter. I've got lucrative euro based projects lined up for next year and my house was bought with cash (more Euro's). In the last year relative to the £ it's up 20%.Comment
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Originally posted by Turion View PostNo, I'm not bitter. I've got lucrative euro based projects lined up for next year and my house was bought with cash (more Euro's). In the last year relative to the £ it's up 20%.Comment
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Originally posted by TimberWolf View PostAnyone wanting to move up the property ladder is better off with falling house prices. E.g. if you had a house worth 100K, which is now worth 50K, the 200K house you wanted, is now only worth 100K. So you'll save 50K. Boomed.Comment
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Originally posted by Turion View PostD000hg has a £70k house.Comment
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Originally posted by shoes View PostNot it isn't. YOU might only be losing money if the value sinks below what you paid (and then you sell it), but the house loses value whatever the state of your personal finances !
You mean reverts back to the price it should have been before the bubble?Comment
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Originally posted by Turion View PostD000hg has a £70k house. That's surely the bottom rung. He has no choice. The only way is up. (If he can get a mortgage)
This was in 2005.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by Turion View Post£70k and you still need a mortgage . You need to upskill my manOriginally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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