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realspeed
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realspeed is offline
South coast
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04-10-2019, 01:54 PM
21

Re: has the price of your house fallen?

Originally Posted by Bruce ->
Why? what does the value of your house matter as long as you have no mortgage? Whether it is worth $100 or $1000000 it will cost the same to buy another, it's actual value is meaningless. Investment properties are a different matter but the house you live in? Nah!

The only figure I know is that I paid $47000 for my shack nearly 40 years ago (and paid it off within 9 years) since I bought it I have absolutely no idea of its value or any price fluctuations. The only people the value will mean anything to are my kids when I am past caring.
You could say why worry about the price of food or the price of a car? Simply it is nice to know if you made a wise choice or not with any purchase
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d00d
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04-10-2019, 02:36 PM
22

Re: has the price of your house fallen?

Originally Posted by Bruce ->
Why? what does the value of your house matter as long as you have no mortgage? Whether it is worth $100 or $1000000 it will cost the same to buy another, it's actual value is meaningless. Investment properties are a different matter but the house you live in? Nah!

The only figure I know is that I paid $47000 for my shack nearly 40 years ago (and paid it off within 9 years) since I bought it I have absolutely no idea of its value or any price fluctuations. The only people the value will mean anything to are my kids when I am past caring.
Some of us might be planning one more move before we are too old.

Our place has gone down by about 2% per year for the past 3 or 4 years, according to Zoopla. When there's a recession, crunch or whatever, London property prices are the first (in the UK) to drop, and the first to rise as a new cycle begins.

I reckon we could move to the sticks when our London house price is on the rise, to a place where prices will still be falling. Think of the bargaining power. It's about more than supposed prices/values, it's about demand.
realspeed
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04-10-2019, 02:44 PM
23

Re: has the price of your house fallen?

House prices around where I live does require a bit of capital still , yet others not far are are quite a bit cheaper. Why this is I have now idea
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Bruce
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Wollongong, Australia
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06-10-2019, 06:55 AM
24

Re: has the price of your house fallen?

Originally Posted by realspeed ->
You could say why worry about the price of food or the price of a car? Simply it is nice to know if you made a wise choice or not with any purchase
You could say that but it would be stupid to do so, they are not even vaguely comparable purchases.
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Savvy
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06-10-2019, 11:50 PM
25

Re: has the price of your house fallen?

I don't have a clue what the current value of my home is, or whether it is going up or down. The mortgage pays off in about five months so it really doesn't matter. I am going nowhere until I move into a casket, and then I hope one of my children move into the family home.

The only way I have to judge the value is the value assigned by the county to bill property taxes, and that has not gone down.
 
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