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round here the same company's have only sold 25% of their houses and guess what they have just done....sold the other 75% for social housing at 40% off the original selling price.....the occupants are in uproar over it and have been picketing the local offices of the builders......... fancy having the great unwashed as neighbors..they don't but they spent 300k on their houses ..poor them..
It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
