Have ppr with outstanding mortgage of 200k at 4%, house currently worth about 350k.
However just because it is difficult does not mean it is not important. It is entirely possible that house will put on €30,000 over the next year.
Sarenco, do you have a source for the long term trend in property value. My impression was that the long term increase in property values is inflation plus 4%. Unfortunately I don't remember the source of that. I don't think that includes the cost of upkeep which I would see as a more appropriate as a cost against the rental income
I counter my stupidity in not selling with a solicitors advice that he was in the same situation but his wife said if he'd sold he'd only have done some more stupid investing and would be in a worse situation.
Yup. I seriously considered selling in 2007, and I would almost certainly have bought bank shares, cause I wouldn't have wanted anything risky.
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