Hurrah! Now you just have to hope house prices level out or continue to increase, rather than levelling out and then going down, plunging you into the depths of negative equity. It's a charming game, isn't it?
On the subject of house prices, one might think that their increasing is a boon to the homeowner. Well, it is, but not in the case of my sister-in-Law. They moved house about 2 years ago, buying at ?100,000. The house is now valued at about ?150,000. Quite a tidy profit. Trouble is, SiL and husband are getting divorced. SiL doesn't earn enough to take on the mortgage, but hubby needs the money. The solicitors have been at work, and the upshot is that she has to buy him out of the house by coming up with half the profit; i.e. ?25,000 =/
I'm having a drink on your behalf right now. Okay so it's only lemonade (by which I mean Sprite) but it's the thought that counts!
I *will* get off my b'hind and come visit again one day, and appreciate staying in a house that's your very very own! And not just because with three bedrooms, I might not have to sleep on the lounge-room floor. ;-)
Well, I'm obviously not grown up enuff to be able to point out all the financial ramifications of being a home owner...but having spent some time sharing my living space with someone I had never met before, [and not really liking it...] YAY to you, it's all positive as far as I'm concerned. I shall raise a glass of the holy [and jolly cheap here] SC as soon as I get back to my little wooden apartment :)
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On the subject of house prices, one might think that their increasing is a boon to the homeowner. Well, it is, but not in the case of my sister-in-Law. They moved house about 2 years ago, buying at ?100,000. The house is now valued at about ?150,000. Quite a tidy profit. Trouble is, SiL and husband are getting divorced. SiL doesn't earn enough to take on the mortgage, but hubby needs the money. The solicitors have been at work, and the upshot is that she has to buy him out of the house by coming up with half the profit; i.e. ?25,000 =/
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Agree 100%
Depending on the mortgage ...
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no subject
I'm having a drink on your behalf right now. Okay so it's only lemonade
(by which I mean Sprite) but it's the thought that counts!
I *will* get off my b'hind and come visit again one day, and appreciate
staying in a house that's your very very own! And not just because with
three bedrooms, I might not have to sleep on the lounge-room floor. ;-)
Yayyy for youuu!
congrats dearie