Quote:
Originally Posted by deliajen if you want my advice,i would hold onto the house,you have tenants so you have an income unless the rent isn't covering the mortgage then wait until the market bounces,anyway the domains you flip youre loaded......
mark |
The housing market has a long way to go before it bounces, don't forget we're currently enjoying the lowest interest rates since the 17th century and as a result the government can't sell bonds to service its borrowing which is going through the roof. The day is coming (6-12 months) when interest rates will have to rise in order to tempt the investors and when it happens, what we're experiencing at the moment will look like a picnic. That's why Sterling is rising against the Dollar, the big investment houses know what's coming.
This is only an opinion and time will tell what was the right thing to do but personally I'd get out of the house if you can.