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House price fluctuations
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Triangle


Posts: 133
Joined: May 2007
Post: #1
14-01-2008 11:48 AM

shzl400 wrote:
On the one hand, I could feel smug that the property I bought nearly 15 years ago (Good Grief!!) has more than quadrupled in value over that time.

On the other hand, the size of my family has also double in that period and I am precluded from moving up the ladder because the "percentage" effect magnifies the gap between properties. I would now have to spend double the value of my present property to get the property I would like to move to, instead of, say, half as much again.


Many people find that they are unable to afford to move to a larger property. However, one solution (if you have the space to spare) is to extend your existing property. It is both cheaper than moving to a larger property and can increase the value of your existing property. However, it's also a great way of falling out with your neighbours! In fact, having had around one extension built near my property every year for the past ten years, I'm sick to death of them! But there is no doubt that they are a popular alternative to moving, especially if you like your existing area.

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Messages In This Topic
House price fluctuations - michael - 11-01-2008, 02:44 PM
RE: House price fluctuations - Johnc - 11-01-2008, 04:11 PM
RE: House price fluctuations - Triangle - 11-01-2008, 04:58 PM
RE: House price fluctuations - Sherwood - 11-01-2008, 05:26 PM
RE: House price fluctuations - shzl400 - 11-01-2008, 05:54 PM
RE: House price fluctuations - Triangle - 14-01-2008 11:48 AM
RE: House price fluctuations - shzl400 - 14-01-2008, 12:44 PM
RE: House price fluctuations - shzl400 - 11-01-2008, 06:00 PM
RE: House price fluctuations - Sherwood - 11-01-2008, 06:39 PM
RE: House price fluctuations - shzl400 - 14-01-2008, 12:45 PM