| Comment | that's good then - I just worry sometimes when I hear people in your/our situation who mortgage themselves to the limit to get somewhere, and then have absolutely no space to breathe if they enter negative equity
I lost quite a lot on my first house (as I bought just pre-credit crunch) but as the loan was low and not a problem, it still all worked out a lot cheaper than renting for the 9 years I was there, I just had to forgo the idea of making money out of it. On the other hand if I'd bought somewhere needing a lot more leverage I'd probably have been completely fucked and wouldn't have been able to sell up and move for work. |
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