Thursday, March 4, 2010

Location, loacation, location

It is shattering.

You realize that all the neighbours are stupid or greedy or both and are intent on destroying their economy by trading in flower bulbs, shares in a dubious scheme in the South Pacific or selling houses to one another at a fifty per cent profit each time they sell. In all three cases they have been able to borrow money that they clearly cannot repay if they lose their job or if the property market crashes.

You wish to escape from this mess. You decide to sell your main asset one which everyone around says will keep on going up in value. You tell your neighbours you are not upgrading or buying a few houses. They laugh at you.

Where are you going to live now you have far more money than the house was ever worth as a habitation?

Avoid earthquahe zones.

To be continued

No comments: