Quote:
Originally Posted by afc wimbledon
I have the same problem in a lodge I'm in, a whole group of doofus's who are supposed to be looking after the 'less fortunate' have developed the attitude that because their houses have made them rich then obviously they are genius's at money and its the poors own feckless fault that they are poor and so they don't deserve help.
Amazing how quickly money turns people into d'bags
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Its interesting the difference between people who earn their money and people who think that because they bought a house and its now worth more than they paid that they are geniuses.
Is it worth more than you paid? How much interest did you pay?
Even then though, the value of a house at any given moment has very little to do with who bought it. How much does its value have to do with you?
Are you willing to take the same amount of credit when you have to sell it for less than you paid?