That sucks... I bought just after the crash in London when prices were low and have a lovely amount of equity in my property now... Life decisions...
i'd not even be in the area for fear of my penny farthing wheel getting caught in the tram lines, upon which a combine harvester would come and mow me down.
no... luck of timing. You didn't say you say the property crash coming are you... in which case... why didn't you make a billion short selling? So don't be abusing lads who just got reamed as I'm sure milk move to that area for work. and zan-gina here wanted to trade up for family and idiots like you voted leave for brexit! (like my new name for z?)
My comment may have been tongue in cheek Must be **** for anyone who bought shortly before the crash, I'd have been fuming! I milk and gerrez. I quite like Zan-Gina too. Woooooooo Brexit!
What crash are you guys talking about? My problem is more because I bought just after the boom (circumstances dictated it) My house value hasn't really decreased. It dropped fractionally for a year or two but, in the whole, it's valued higher than what I paid for it most of the time. After 12yrs, I obviously don't owe as much now but it's still not valued much higher than what I bought for. Just not had the equity to (a) afford to move or (b) put the deposit on something else. This is because I was one of the last few to buy with a 100% mortgage. Up until the end of last year, mortgage lenders would only listen to 15% arrangements. Fortunately for me, they'll do 5% now so got alot more options
Indeed I did. First house price crashed because the builder backed out of promises he made to the community. Second house crashed because of economy. All told I've had 14 years of paying mortgages between two homes over the years and come out negative. First house got because starting a family. Second due to job moving. Neither house was purchased based on the market.
