Timeline for Do I care if the housing market has gone up or down, if I'm moving from one house to another?
Current License: CC BY-SA 4.0
6 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Jul 23, 2019 at 11:25 | comment | added | SQB | Also, prices may fluctuate differently for different types of houses. | |
| Jul 22, 2019 at 17:51 | comment | added | ssn | Exactly! Unlike other investments here percentages don’t matter but nominal amount does! | |
| Jul 22, 2019 at 12:24 | comment | added | Notts90 | @MikeScott it would be great to include that comment in your answer | |
| Jul 22, 2019 at 6:20 | comment | added | Mike Scott | @PaulSmith But the amount by which the new house is more expensive than the old increases if prices increase, and it decreases if prices decrease. If I sell for £100,000 and buy for £150,000 then I have to put in £50,000. If prices double, I’m now selling for £200,000 and buying for £300,000, so I now have to put in £100,000. | |
| Jul 21, 2019 at 23:00 | comment | added | Paul Smith | No, actually, you don't. If you are trading up, the new house is more expensive then the old, regardless of whether the whole market is moving up or down. The reverse applies if you are trading down. | |
| Jul 21, 2019 at 11:53 | history | answered | Mike Scott | CC BY-SA 4.0 |