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Re: Mortgage advice
Originally Posted by Steve2009
(Post 9200867)
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.
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Re: Mortgage advice
Originally Posted by Sandaville
(Post 9200878)
I consider myself lucky then! for the moment anyway...
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! |
Re: Mortgage advice
Originally Posted by Steve2009
(Post 9200867)
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.
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