Owning your own home

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dst2 in reply to @Ramsaye

So, as long as we are staying in london all will be fine. If it really goes tits up and we move (to the content for example) then we will have wiped out a load of savings. think it is a small risk tho.

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Ramsaye in reply to @dst2

Pretty much yes. A home is something to live in and enjoy it shouldn’t really matter how much it is worth day to day or what the market does in the short term. You’re not speculating for a quick buck you’re longer term than that so it’s time in the market that counts not timing the market.

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Chalfie in reply to @Ramsaye

home is something to live in and enjoy it shouldn’t really matter how much it is worth day to day

This.i think.
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Dammit in reply to @Ramsaye

Unless you can’t remortgage as the house has halved in value. Although as long as you can cover the payments who cares I guess

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