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> I'm old, I benefit from this .. not that I want to. Are you planning on selling and downsizing to a vastly overpriced apartment? One that would probably end
by happymellon 2y ago
> I'm old, I benefit from this .. not that I want to.
Are you planning on selling and downsizing to a vastly overpriced apartment? One that would probably end up costing as much as a house because the bottom end has been squeezed?
Because that's the only way you'll realise the price increase, and you'll mostly lose it due to everything else being overpriced. Unless you don't actually mean "not that I want to".
- defrost 2y agoBy "not that I want to" I pretty much mean that I never bought land or housing as a financial investment but it turned out to have a substantial increase in value; likely to be realised by children | grandchildren if they sell. The value to me is a rear granny flat I can stay in for free | lend out to friends in the capital on a block with a house I got a kick out of rebuilding and now rent out at discount rates to students, etc. and rural land about the state, some near the ocean, that pays it's own way and can be lived on as I move about.