How much have you lost on your property ?

Benefits_Blagger

After years of of hearing people gloat in the pub about how many thousands their property has gone up in the last month/quarter/year I would like to hear of some nice heart warming falls.

So how much have you lost in the past month/quarter/year :beer:

itsgototstop

Nothing thank you, I bought 2 years ago ( a wreck) and every penny has gone on refurbishing it,owned before for 8 years and had a big deposit
Its a HOME not an investment..

tomstickland

It won't be a profit or loss until the day I sell it.

glen8

Nobody knows the answer to this, your house is only worth what someone will pay for it.

I claim to have +65k equity, but who knows if I will get market value for it

zappahey

glen8 wrote: »

Nobody knows the answer to this, your house is only worth what someone will pay for it.

I claim to have +65k equity, but who knows if I will get market value for it

You will almost certainly get market value for it but you might not get what you think it is worth.

PasturesNew

There's a house that's making me enough money to live on without working.

But that's because I sold it and banked the cash.

flower_72

Judging by the latest sales on my street, my house is worth more than I thought. No loss for me!

nearlyrich

This is nice cheerful thread:rolleyes: what a pleasant chap the OP must be how I wish I could make his night but sadly we have well over £200k equity in our property. That's based on a much smaller house next door but one going for £150k more than they paid for it 5 years ago.

As someone said it's only profit if you sell it and bank it and like another poster said this is our home and it's paid for so it doesn't matter if it's worth £10k less next week.:p

greenstick

Benefits_Blagger wrote: »

After years of of hearing people gloat in the pub about how many thousands their property has gone up in the last month/quarter/year I would like to hear of some nice heart warming falls.

So how much have you lost in the past month/quarter/year :beer:

Why be so bitter?

Grow up!

p.s Not lost a penny, thanks

wymondham

still a long way to go before it gets to what i paid for it .... at least the days are over whereby my house earned more than me!!!

snarffie

Bought in 2002, despite being scoffed at by the Bearish posters at the time, telling me that the Crash is "imminent". Glad we did! Now sitting on equity of £100k, based on next door, which sold in week of advertising in December last year for full asking price. Of course, there has been a big knock in confidence, but unless prices drop by over fifty percent, we won't be in negative equity. We've been sensible, and overpaid on our mortgage in anticipation of base rate rises though.

If we'd waited, we would have been lining a landlord's pocket for the last six years, praying for a HUGE crash to happen. Not a happy scenario.