I've had 2 houses from 1981 til now, in that time we have had almost everything thrown at us, unemployment, low wages, recession, high interest rates, gazumping, etc. I'm still paying my mortgage til I'm 67-68, so that is a 45ish term. If we sell we will make very little money from it as the property we would have to buy will also be at an inflated value. Not everyone is a winner in life.
Genuine question. Maybe it's naive.
If you bought a house for so little. And as we know houses have gone up in value.. Unless you lost the house at some point.. How isn't the mortgage paid off?
For us I won't ever need a bigger mortgage than I started with. Ie.. Baring losing job, house etc.. It'll never be over 200k (what it is now)
Surely those gains have been carried through your journey?
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