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entwisi · 20-12-2006, 14:16

IIRC they only hit 15% for 1 day then there was a crash on the FTSE.

Negative equity is only a 'problem' for those who want to sell their house. It really doesn't matter that you owe more than its worth as long as you can afford the payments and like where you live. Most people who get loans to buy a car are in 'negative equity' on it for the vast majority of the term of the loan, it doesn't matter for that period and then people tend to do exactly the same again.

Flashman, you don't mention how much your new pad is worth or cost so its not a valid comparison.

20-12-2006, 14:16	#29
entwisi God Member Join Date: Apr 2004 Location: Up Bash Posts: 7,827 Blog Entries: 3 Liked: 44 times Rep Power: 4390	Re: House Price's IIRC they only hit 15% for 1 day then there was a crash on the FTSE. Negative equity is only a 'problem' for those who want to sell their house. It really doesn't matter that you owe more than its worth as long as you can afford the payments and like where you live. Most people who get loans to buy a car are in 'negative equity' on it for the vast majority of the term of the loan, it doesn't matter for that period and then people tend to do exactly the same again. Flashman, you don't mention how much your new pad is worth or cost so its not a valid comparison. __________________ Ian Technical God, No 1 Geek And Linux Guru Have you seen my Flickr pictures?