seligman's dog

Thanks for your comments folks, mucho food for thought there. Must admit though, I'm usually pretty decisive but at the moment don't know what the fu*k to do. Then again, s'pose we're all in the same boat on that one. Just a shame that the boat seems to be The Titanic.......

First time on here, be gentle with me……….. Advice please, oh wise ones……… (yeah right!! ) Bought my house Dec 2006 with a 20% year-end ‘discount’ (ha ha ho ho!!) from David Wilsons……… (I’m not too naïve to understand the old ‘put them up to bring them down’ shuffle, and reckon I got maybe 5% on the ‘market’ price at that time). I’m on a ‘conglomerate’ estate with every builder and his dog on there, all still ‘actively’ (?) selling …….. Orig "list price" £233,125 Orig PP £186,550 60% ish mortgage (110K) / 40%ish equity (76 ½k) Current “valuation” – who knows?? I’m fortunate enough to be ok financially, can afford it etc……. (and realise how lucky I am to be able to say that)…… Question – If I could sell (which I realise is a distinct nigh-impossibility), should I? Should I even think about a cut and run? Or should I just tough it out and wait in the vain hope of the market picking up in a million years time? Or any other creative ways of protecting my ever decreasing equity? Cunning plan anyone?........... (Btw, any answers of “serves you right for being a muppet” or similar will only confirm my realisation that I was, indeed, a muppet.... So that’s got that one out of the way……)