We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
What it matter about house prices?
Comments
-
-
Derv, you can honestly look in the mirror and say your home value is of little importance? If this is true you will be selling it one day for a nice low sum afterall it's all meaningless?
You don't feel self satisfied even deep down about property value.
No and no.
Honestly, no.
The only thing that is significant thing about the value of property (not mine in particular) is that it will affect my inheritence, and that is something I prefer not to consider or look forward to.
I paid roughly 33% of what my property is now worth (although with interest on the mortage it is probably closer to 50%). So what ? I can't cash it in, as I need this place to live in. If the value of my house was now exactly what I paid for it (which would mean that I have paid out more than it's purchase cost) I would be just as happy as I am with a "profit". In fact, It would mean that I could now move to a 3 bedroom detached, paid for in cash.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
the home that i live in?You don't feel self satisfied even deep down about property value.
absolutely zero interest on what it's worth, i'll live here for at least 30 years i hope. i know what it would be marketed by an estate agent for, but that doesn't mean it's worth that. it's worth what someone is willing to buy it for.0 -
Graham_Devon wrote: »I was gonna say the same.
Is there a requirement to look in a mirror when saying it?
If so, i'll say it later.
FWIW, I didn't look in the mirror when I typed my reply. My monitor bezel does have a glossy finish, but I can hardly see myself in it.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
If the value of my house was now exactly what I paid for it (which would mean that I have paid out more than it's purchase cost) I would be just as happy as I am with a "profit".
In fact, I probably would be happier, as my friend's kids might have a chance to afford a place of their own, and my potential customers would have more of their own money to employ me.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
No and no.
Honestly, no.
The only thing that is significant thing about the value of property (not mine in particular) is that it will affect my inheritence, and that is something I prefer not to consider or look forward to.
I paid roughly 33% of what my property is now worth (although with interest on the mortage it is probably closer to 50%). So what ? I can't cash it in, as I need this place to live in. If the value of my house was now exactly what I paid for it (which would mean that I have paid out more than it's purchase cost) I would be just as happy as I am with a "profit". In fact, It would mean that I could now move to a 3 bedroom detached, paid for in cash.
Think about that time you and the neighbours / your freinds were out for a beer - you weren't a little porud your homw is 'now worth x, and I only paid y', honestly.......
Also the more it's worth, the better the trade down value at retirment as your last home having risen 100% will generate more cash than the one you down trade to that also increasded 100% during the same timeframe.
I do get where your'e comming from and have found myself saying the same - that value is of no meaning, but deeeeeeep down, I da know...:rotfl:0 -
Think about that time you and the neighbours / your freinds were out for a beer - you weren't a little porud your homw is 'now worth x, and I only paid y', honestly.......
Also the more it's worth, the better the trade down value at retirment as your last home having risen 100% will generate more cash than the one you down trade to that also increasde 100%.
I do get where your'e comming from and have found myself saying the same - that value is of no meaning, but deeeeeeep down, I da know...:rotfl:
1) No.
2) Maybe, but I'm saving/investing for my retirement anyway. So that's a maybe.
3) I have never said to myself that the value of my home has meaning. I have said to myself - "the sooner I pay off the mortgage, the better". And guess what ? It is better now the mortgage is as good as paid off. I can recommend it.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
In which case you take zero interest in the sale price of homes close to yours, never have a sneaky look at net house prices, a glance in the EA's window,..........mmmmmmmmmmm
There is a difference between taking an interest and hoping that (asking) prices have increased.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
but that's what i'm saying - i know the prices i reckon they go for but i don't have an interest because it isn't accurate until you sell it. i don't have an interest in selling my house so why would i care what it's worth now. i have zero interest in that.In which case you take zero interest in the sale price of homes close to yours, never have a sneaky look at net house prices, a glance in the EA's window,..........mmmmmmmmmmm
when i start to think about selling the house i will definitely start looking a lot more closer at values, but that's a long time away.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards