Quoth nowhere@[EMAIL PROTECTED]
>Anen <anne.magee@[EMAIL PROTECTED]
> wrote:
>
>>Quoth nowhere@[EMAIL PROTECTED]
>>
>>>My current house is worth about £300,000 and rising rapidly (+20% in
>>>our area between August 2006 and April 2007), so a place like that
>>>might not be beyond the realms of possibility for me in a few years
>>>time.
>>
>>Wow. I paid $97,000 five years ago and sold it for $119,500. (I
>>could've got more if I'd put laminate or wood flooring upstairs as
>>well as down and done other work, but the mortgage payments were so
>>high that I couldn't afford to.)
>
>Been there!
I swear they do it deliberately. For certain vague values of "they".
>>Not exactly tripled in value like yours, but it gives me enough to
>>put a good down payment on a new
>>house and get myself a smaller mortgage payment.
>
>Excellent. If there's one thing I really hate, it's paying a
>mortgage, so I'd do almost anything to reduce my payments. When you
>see exactly how much you pay over the full term, it seems totally
>criminal.
Banks (and mortgage companies) and insurance companies are the biggest
thieves that ever have been.
>Tripling in value over 7 years is exceptional - not the norm.
>I struck lucky.
Yeah. The new value might actually be the total mortgage amount.
>The only major down-side is that even though I could "retire" there,
>I'd want to set up a business, which is very difficult for
>non-Russians.
>Not because of the bureaucracy - but because of the corruption of
>local government, the police, and the Russian Mafia who come in
>demanding protection money.
Not so very different from here then.
>We're more likely to retire there when I reach "retirement age".
I'll never reach retirement age. There's no way on earth I'll ever be
able to afford such a luxury.
Anne
--
Eschew obfuscation.
Photos at http://flickr.com/photos/anen/
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