Re: House prices and Equity release?

Mar 25, 2007 0 Replies


I can now borrow lots of money on my house or I can sell it for lots more


>money because, apparently, it is worth more.
>
>Since my house is an even worse shithole than it was a couple of years ago
>I'm wondering how that happened.....
>
>I've sort of noticed that shitholes similar to mine have also risen in price
>so if I sold mine to realise the profit I could buy a similar shithole for
>the same price.
>
>I have also noticed that if I did not have a shithole in the first place I
>could borrow more money than I could before to buy one.
>
>I think I am then allowed to remortgage it, put a plastic thing in the
>garden, buy a new sofa and have an MDF kitchen.
>
>Then I can get a loan to pay off all of my debts.
>
>I'm sort of confused.
>
>Has someone got some good advice?
>
>DNA
>

My wife wants to buy another house..... If only i could work out how to claim beer as a tax deduction then I would be fine.

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