Re: Your HONEST opinion, please.
 

True. I was forgetting that house prices have plummeted in the USA. They've held up reasonably well here in Alberta.

Re: Your HONEST opinion, please.
 

House prices are crazy in Australia and still going up. They never fell after the GFC as net migration and a lack of new building keeps supply low. Average price is $AUD455,000 in New South Wales so about GBP273K - again a bit skewed by Sydney. Mortgage interest rates keep falling so people borrow more:rofl:
It will all end in tears:thumbdown: We are all doomed.........doomed I say:eek:

Re: Your HONEST opinion, please.
 

In PARTS of the US. In the highest price areas such as New England, prices came down a good bit, in the "hot" markets of Florida, Arizona, Nevada, and California prices took a hammering, but in most other areas prices really didn't really move as much. The house I bought ten years ago is worth about 90-95% of what I paid for it, and about 80-85% of its estimated peak value.

Re: Your HONEST opinion, please.
 

We moved to Canada in '06, sold our house in the UK and bought in Edmonton Alberta. We've just sold in Canada and bought in the UK.

We've nearly doubled our house equity in 7 years.

There were three reasons why: We'd been mortgage free in the UK, but took on a small mortgage in Canada, which we've been paying off. House prices have gone up in Edmonton, but stayed almost static in the UK ( a huge drop in'08 but then a slow recovery). But the drop in the value of the pound against the CAD has been the most important.