Thread: Property crash.
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Old 25-06-2008, 06:59   #11
WillowTheWhisp
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Re: Property crash.

Having been a home owner all my married life (if you count having a mortgage as being an owner!) I am tending to agree that it is more of a liability than an asset. The freedom to move that comes with rented property looks more and more appealing to me. We bought this house in 1989 and when we contemplated moving a few years later we found it was valued at less than half of what we paid! Thankfully it has recovered since then but neighbours got repossessed at one stage.
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