FT - house prices versus equities

Pobby

I think you will find that over a given period stocks out way housing as an investment.

http://money!!!!n.com/galleries/2007/real_estate/0704/gallery.stocks_v_realestate.moneymag/index.html

neverdespairgirl

scousethife wrote: »

I have no idea what an equity is,

An area of law, which grew out of the increasingly rule-bound Common Law where strict application of the rule of law lead to injustice. From the late 13th century, a person could appeal to the King for justice in equity, and that power was gradually delegated and became Chancery. The concept of a trust, where one person owns something in law, and another is the beneficial ownership, came from equity.

The systems of common law and equity were merged and are now dealt with by the same courts, but there are still differences between, say, a legal mortgage and an equitable mortgage, or legal and equitable ownership. It is remedies in equity which provide for non-monetary orders, such as injunctions or specific performance.

Most equitable remedies are discretionary, such as an injunction, and there are various equitable maxims which set out the principles, such as "he who seeks equity must do equity" and "equity regards as done that which ought to have been done".

The whole idea of equity and negative equity in mortgaged property arises from the law of equity.