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Showing results for tags 'there is no ladder'.
Recently returned to the UK after a long stint overseas. Coincidentally my extended family where having a gathering at a local restaurant. During the meal, the conversation turned onto moving house. My home owning brother in law got quite agitated complaining about how badly he would like to move out of our home town but can't afford it. He readily admits to being "very very lucky" to buy a house when he did for a fraction of what it would cost him today, having no idea what sort of HPI would follow in the years afterwards. He gave an excellent description of 'why there is no ladder' as a regular on this forum would probably explain it. He then gave an estimate of the value of his house, hundreds of thousands as you might imagine, but added that "it doesn't mean anything". He then went on to mock those who love to brag about the money their houses are worth, the make believe riches that they will never be able to spend. The truth only recently dawned on him, so he reacted by 'blowing' the money he was saving up to move on a flash car instead. He felt genuinely upset, the house he bought as a youngster he will never be able to afford to move out of. Closet HPC'er?