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Debate House Prices
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The Times Newspaper Reports Property Will Not Drop Any Lower
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That's a nice quote, but incorrect. It is indeed very scary to own a depreciating asset. But not owning something that is appreciating is not really scary, just a sort of idle wish. I wish I'd bought (and sold) before the dotcom bubble, or I wish I'd got into BTL in 2000 (and out again), or I wish I'd had those lottery numbers.
Exactly.
If you're living in a flat you bought for £200k that's now worth £150k that's scary, depressing and screws up your life, and prevents you moving on.
If you live in rented accommodation and want to emigrate, give a month's notice and be gone.
Try doing that in negative equity.0
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