And its not just houses. A person I know has a large motor caravan bought with a loan. He never used it - too expensive on fuel. Has to keep it taxed, insured and tested though due to the loan rules. Three years on its worth less than the loan amount remaining. He cannot afford the difference. So its unused. He cannot sell it or give it back. Who ever said house values could not go down?
And its not just houses. A person I know has a large motor caravan bought with a loan. He never used it - too expensive on fuel. Has to keep it taxed, insured and tested though due to the loan rules. Three years on its worth less than the loan amount remaining. He cannot afford the difference. So its unused. He cannot sell it or give it back. Who ever said house values could not go down?
gunsandroses1111 3 years ago
Who said house values couldn't go down? Realtors and those idiots first homes buyers
moniequa 3 years ago
Dont worry James you might get a job in a supermarket if youre a vested interest lol
manjit1966 3 years ago
Yo Bruno. House prices WILL go down as well as up. Good job you still live with your folks and haven't bought a house.
quinndexter 3 years ago