wish_i_had_bought Posted January 21, 2016 Share Posted January 21, 2016 I want a crash so I can afford a home. On the other hand my parents are taking out equity release so if there is a crash they're screwed. Joy. Link to comment Share on other sites More sharing options...
Bruce Banner Posted January 21, 2016 Share Posted January 21, 2016 I think you'll find that equity release means whoever inherits their estate is screwed, not them. Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted January 21, 2016 Share Posted January 21, 2016 False equivalence. You are obviously all much better off with lower prices. Why did they take equity release anyway? Seems like the epitome of a stupid financial decision. Link to comment Share on other sites More sharing options...
wish_i_had_bought Posted January 21, 2016 Author Share Posted January 21, 2016 I think you'll find that equity release means whoever inherits their estate is screwed, not them. Good point! Link to comment Share on other sites More sharing options...
wish_i_had_bought Posted January 21, 2016 Author Share Posted January 21, 2016 False equivalence. You are obviously all much better off with lower prices. Why did they take equity release anyway? Seems like the epitome of a stupid financial decision. No idea. its not my decision. i would prefer they just downsize, but even now a small 2 bed house is £300k Link to comment Share on other sites More sharing options...
Fully Detached Posted January 21, 2016 Share Posted January 21, 2016 We all make our own decisions. You're not responsible for the actions of your parents, or the consequences of them Link to comment Share on other sites More sharing options...
wish_i_had_bought Posted January 21, 2016 Author Share Posted January 21, 2016 My point is even if you win at HPC, you still lose. Link to comment Share on other sites More sharing options...
Bruce Banner Posted January 21, 2016 Share Posted January 21, 2016 My point is even if you win at HPC, you still lose. Some may, most won't. Link to comment Share on other sites More sharing options...
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