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Re value ??
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The impact of three years payments on their overall debt would be minimal and negative equity would be a serious concern, you have to be wary of projecting positive feelings about your own home ownership experience on to "The Majority" IMO.MobileSaver said:
Why would someone who has been living in their own home for say the last three years (paying their own mortgage rather than their landlord's) feel hard done by, whichever way house prices move in the future?FrugalCat said:
People who have large mortgages would feel hard done by in deflation (which would be the vast majority, talking about house buyers).MobileSaver said:
On the contrary, I suspect the vast majority of people who bought a house as a home in past years will be much happier than those still choosing to rent, regardless of what happens to house prices.FrugalCat said:mortgage backed house buyers of the past years may not be so happy.0
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