How much have you lost on your property ?

SquatNow

tomstickland wrote: »

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

Or your mortgage deal ends and you start looking for another one.

Davesnave

Some places in the East Midlands showed price increases this month, while Wales showed an overall fall of 5%.

So if I were a chap from Leicester intending to move to Llanelli, in theory I'd be quids in this month.

I'm not, but it just shows how selective use of data can 'prove' just about anything.

glen8

I have gained virtual equity this month

tonydee

Davesnave wrote: »

Some places in the East Midlands showed price increases this month, while Wales showed an overall fall of 5%.

So if I were a chap from Leicester intending to move to Llanelli, in theory I'd be quids in this month.

I'm not, but it just shows how selective use of data can 'prove' just about anything.

To add to this, just because an "area" has showed price increases or decreases doesn't mean every house in that area will be affected the same.

churchrat

we paid £68k for our 4bed semi in s.e England. Have a tiny mortgagae due to end in a few yrs. I really hope prices drop so that my kids can leave-- but until we sell we have made neither loss or profit, and then it is only determined by what we decide to do next. I think the OP must be quite sad and lonley to start this thread for the reasons he has given--may I suggest some counselling? as you do not work you will find the rates given for the help you need are very affordable.

sukysue

We own our 350k house outright having just paid off the mortgague (bought it for 83k in 94 ). I care not a jot if ours drops in value I just hope kids today can buy at last.

Davesnave

Selfish?

Dont you care about anyone but yourself?

Do you look at your neighbours and hope they enjoy their life and can spend as much of their hard earned on entrertainment and enjoyment rather than giving it to a bank?

expenive houses hurts people and only benefits bankcs only selfish scum agree with house price rises and bank managers

I can't tell if this person is selfish and from what they've said neither can you. They were only sayng why selling and realising the equity in their property wasn't for them. For that, you've come within an inch of calling them 'scum,' which shouldn't be acceptable on a forum like this.

I find myself in a similar position to the person you criticise, except that I don't wish to stay where I am. Although I paid into a pension scheme all my working life, the money I receive from that wouldn't give me much of a lifestyle. Through owning property, I can look forward to a reasonable retirement.

Some people choose stocks & shares, others pensions, antiques, gold or whatever to fund their retirement. If people choose property (knowing that in the long term it has performed about the same as shares) it is no different. Personally, I'd rather spend my later years on a farm with a holiday cottage or two than have a Mondrian in a vault somewhere.

Or people could, of course, take lots of expensive holidays, party every week and pee it against the wall....Would using their surplus income in that way, rather than investing, make them better members of society?

BTLNEWbie_3

Benefits_Blagger wrote: »

I, erm, have "depression" :rotfl:

Dont we all are reading your drivell:rotfl:

BTLNEWbie_3

nelly wrote: »

If you go to america you will see what having a great standard of life realy is

Do you mean if you visit America you will understand how wonderful our country is?

RoxieW

nelly wrote: »

quids in in what way exactly?

in the way that he has a mortgage repayment a fifth of yours or mine - I know which position I'd rather be in each month!