View Poll Results: Where are you on the property ladder?
I bought my houses to live in, in XX years they'll be mine, don't care what theyr'e worth
42
64.62%
I sold my house/houses in mid 2007 at the peak, i'm waiting to dive back in at the bottom end
5
7.69%
I bought my houses in 06/07 & now they're worth less, want/need to sell & am gonna lose tons!
1
1.54%
I've been ducking and diving non-stop and am still turning a fast £
4
6.15%
None of the above - i just post nonsense to try to wind up SNET
13
20.00%
Voters: 65. You may not vote on this poll
Survey to see where we all are in the property market...
02 July 2009, 10:18 PM
#61
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Intersting example regarding the 300k outright house v the 600k and 300k mortgage house.
Say in 7 years both properties double and hodgy buys the house next dooor to deep for 450k and 150k in his pocket...
but that is 150k less the interest paid over 7 years on a 300k mgge, say £100k? all depends on IR of course.
So now Hodgy is 50k up, but then again assuming same earning power, Deep has had 100k disposable income to play with, had he invested that in a decent savings account it should return 50k over the 7 years!!
I'm sure some clever person could calculate the IR where Deeps savings return equals hodgy's mortgage payments, lol
Say in 7 years both properties double and hodgy buys the house next dooor to deep for 450k and 150k in his pocket...
but that is 150k less the interest paid over 7 years on a 300k mgge, say £100k? all depends on IR of course.
So now Hodgy is 50k up, but then again assuming same earning power, Deep has had 100k disposable income to play with, had he invested that in a decent savings account it should return 50k over the 7 years!!
I'm sure some clever person could calculate the IR where Deeps savings return equals hodgy's mortgage payments, lol
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