3 ms·
What’s the difference? If housing prices all go up at the same pace you’re still pretty much were you started. Yes you can afford an X% higher deposit but price
by ffgjgf1 3y ago
What’s the difference? If housing prices all go up at the same pace you’re still pretty much were you started. Yes you can afford an X% higher deposit but prices have also increased by X%.
- solumunus 3y agoHouse prices might increase by 20% but your new deposit compared to the deposit for the initial house you bought could easily go up 100-200% (or more). Your equity has grown disproportionately to house values. That’s the massive difference and what allows people to “climb the ladder”.