5 ms·

Why?

• danans 8y ago
  I think they're saying renters can move without taking a large loss, but owners generally can't, since they have to either sell at a loss, or rent out their property at a loss.
• oldcynic 8y ago
  Negative equity. £200k mortgage on a house now worth £150k. To move, first find £50k.
  • scotty79 8y ago
    You can just leave the house empty without selling it. You just need to pay taxes and mortgage but not utilities for your empty house.
    • oldcynic 8y ago
      That can work for some. Paying a mortgage and rent on the new location, along with 2 sets of taxes gets expensive real quick. Some utilities have standing charges/line rental too.