Mortgage advice
Feb 24th 2011, 11:17 pm
#16
Just Joined
Thread Starter
Joined: Feb 2011
Location: Traralgon, Victoria
Posts: 11
Re: Mortgage advice
Sorry for posting off topic but I thought I should point out that a break even in terms of sale price equalling purchase price is not a break even in real terms. There are holding costs, opportunity costs of capital employed, as well as monetary inflation. They very well may never break even in real terms in their lifetime.
Feb 24th 2011, 11:23 pm
#17
BE Forum Addict
Joined: Mar 2009
Posts: 1,412
Re: Mortgage advice
Go have a look at this if you ever need reminding of how lucky you are.
I was back in Ireland for two weeks at Christmas and the economy is not doing too well. I bumped into some Iraqis in the airport at Abu Dhabi though and thinking about the problems they face put ours into perspective! Or we could be in Libya!
I was back in Ireland for two weeks at Christmas and the economy is not doing too well. I bumped into some Iraqis in the airport at Abu Dhabi though and thinking about the problems they face put ours into perspective! Or we could be in Libya!
Feb 25th 2011, 4:01 am
#18
BE Enthusiast
Joined: Feb 2009
Location: Windy place
Posts: 421
Re: Mortgage advice
Sorry for posting off topic but I thought I should point out that a break even in terms of sale price equalling purchase price is not a break even in real terms. There are holding costs, opportunity costs of capital employed, as well as monetary inflation. They very well may never break even in real terms in their lifetime.
