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
>
>
1] Keep up the mortgage payments.
2] Buy wisely and add value.
3] Dis the money lenders and their parlimentary running dogs.
4] Free up equity* by moving to mainland EC. They've more space and less social stress.
5] Daily, thank the gods you've escaped enslavement.

(* Under no circumstances move oop North. It's hell up here)


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