Housing crash increasingly unlikely?

"Richard Faulkner" wrote

Obnoxious neighbours. Got a company relo overseas, let it out...sold 10 years after I bought it.

Reply to
John Redman
Loading thread data ...

In message , John Redman writes

So no problem then? Presumably you collected a tidy sum, which you wouldnt have if you had been able to sell when you "wanted".

Reply to
Richard Faulkner

"Richard Faulkner" wrote

I sold for 105k 10 years after paying 85k, so not a particulalry tidy sum, and the place I moved to had gone up by 130k since the trough. So I 'gained' 45k versus the trough and 'lost' 130k.

The point being that downward price moves are fine, as long as they don't trap you somewhere you don't want to be, for years and years on end.

Reply to
John Redman

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.