From: "Tumbleweed" 
Newsgroups: uk.finance
Subject: Re: why so many houses now being sold without onward chain?
Date: Sun, 4 Apr 2004 23:09:02 +0100


 wrote in message
news:09e0709sh8mc2hjuc8aphkakkd0ava8jlc@4ax.com...
> On Sun, 4 Apr 2004 17:27:46 +0100, "Tumbleweed"
>  wrote:
>
> >
> > wrote in message
> >news:2j7q60hps7jd9gf8h6vq8e6l0vtlkgjkdf@4ax.com...
> >
> >> >>anyone for a 40 % fall ?
> >> >>
> >> >
> >> >  From what point? The one last year when a crash was forecast, or the
> >> >one in 2002? Anyone who bought then could handle a 40% drop as that's
> >> >about the percentage prices have risen since the first messages of
doom.
> >>
> >>  what if they had already borrowed and spent much of their 'winnings'
> >> (MEW , remortgaging etc ).
> >
> >What if? Suppose the price of my house fell to a fiver? I'd still be in
it.
> >It would still be a useful house.
>
> if a house rises in price from 100 K to 200 K and the owner decides to
> release that equity (100 K) what happens if the house price falls back
> to 100 K ?


Nothing. What would you expect to happen?
-- 
Tumbleweed

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