09-01-2014, 11:40 AM
(09-01-2014, 10:36 AM)r3k1355 Wrote:(08-01-2014, 09:35 PM)THE_Liam Wrote: Same here. Making a profit for doing feck all
It's only a profit if you move somewhere else or die.
Your house go's up, so does your neighbours and so does 'the next' house you want to move into.
So while you make money on your initial investment you also have to pay more for your next place - so you kinda do and do not make a profit.
Not so in my case mate, I bought my house for less than half market value. I could sell my house tomorrow, pay off my mortgage and still have about 90 grand in hand.