Soldato
- Joined
- 10 Sep 2008
- Posts
- 11,973
- Location
- Bangor, Northern Ireland
My house. It was a new build in a decent area, and at the time was probably the most affordable I could hope for, everyone said I should buy it to get on the property ladder as nothing better will be likely to come along. Then 5 months later recession time. Now its worth half what I payed for it, but I have 60k of it tied up in a co ownership housing scheme. So yeah serious negative equity up the bum for me. To make things worse they have started building another phase, so every time I come home im greeted with billboards reminding me of how little my house is worth, and how I could have got a huge 4 bedroom detached house for less than I payed for mine if I hadn't listened to my friends and family.