6 ms·
I am in the process of house hunting and buying my first place at the moment (Ireland), and there are many aspects of it that frustrate and anger me, but I thin
by cuSetanta 3y ago
I am in the process of house hunting and buying my first place at the moment (Ireland), and there are many aspects of it that frustrate and anger me, but I think the most aggravating part of it is everyones obsession with the value increasing over time.
I think I get the idea that its an expensive thing to buy, and paying a bank significantly more money that you actually borrow makes you feel like you need to be making money on the investment. But no other object I buy for regular use and functionality would I expect to increase in value. So why should we feel the same way about a house?
Honestly I think if people were less obsessed with their house increasing in value they would see that the terms of a mortgage are crazy, and would refuse to play the banks games.