steve184 said:
EXACTLY - all the big boys here sat their in their houses which they bought 5,7,9,11 years ago (when prices were more reasonable) can't get the gist of this. It seems quite simple to them - get debted to the eyeballs for the rest of your life, and risk losing everything (up isn't the only option you know - hello!!!!) just so you can say - 'hey i own my own house' - at the end of the day if you work hard you spend the money on what you want, you worked for it - not what 'people' think you should be doing.
Or bought 2 years ago...in my case.
Anyway...
How do you work 'loosing everything' out?
If I can't afford my mortgage - unlikely as long as I'm able to work - then I'll sell up.
And regardless what happen to prices - within reason - I'll come out with some brass in my pocket.
I remember the property crash of the late 80s...tell me Mr Expert...
How many of those properties are still in negative equity?
It's a big round number...
0.
If you can afford to pay the mortgage, you will be fine...and if you buy a house where you can't absorb a few % of a rise, you are foolish.
Not exactly loosing everything methinks....and I suspect most work the same way.
I don't really give a toss what people think - i work hard so i buy what i want - ok so i don't own a house and i am 28, but i do pay my way, and do save money for such a day that i need it - but thats really NONE of anyones business, and certainly shouldn't be speculated upon by anyone given you don't fully know full circumstances
Which is fine...
I feel the same...I don't give a toss how many people I upset by slagging them off for living with mummy and daddy (I don't know if you do, or do not...and don't care to be truthful).
It's an opinion...
Everyone is entitled to one.
And opinions don't need to be formulated based on fact...
This really has gone completely off topic, and can i just remind that this forum is about cars NOT houses - try rightmove.co.uk or something!
Can I remind you that this is a public web forum and on here we don't enforce not straying off topic.
If you don't like the way the thread has gone, feel free not to read any further...or frequent another forum.