Negative Equity

[peelaaa]

Bingo.

That is the only feasible route out for those in negative equity. You need to save.

And then 10 years later, when the prices have increased and you are back to square one, how depressing.....

 

[Timbo]

And then 10 years later, when the prices have increased and you are back to square one, how depressing.....

Are you for real? Do you believe in the money pixie?

Also impressed with your predictive skills on house prices.

 

[Bronte]

OP can sell the original house with the banks agreement and borrow the negative equity. Then he moves and rents until he has paid back the loan. Then he saves a deposit for the next house. OP and others should not assume that hosue prices will come back up. If they fall further the negative equity increases.

 

[R196]

the problem with this is i cant even sell my house to even be in a negative equity situation!!!