MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
  • Mortgages
  • Property Report
MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
    • Mortgage Learning Center
    • Calculators
    • Best Mortgage Table
  • Property Report
    • All Properties
    • Houses For Sale
    • Apartments For Sale
    • Available To View
    • Overseas Holiday Homes
      • Properties For Auction
      • Upcoming Auctions
      • BER Assessors
      • Property Conveyancing Solicitors
      • Pre-Purchase Surveyors
    • Find Agents
    • All Properties
    • Houses To Rent
    • Apartments To Rent
    • Available To View
    • Share
      • Irish Holiday Homes
      • Overseas Holiday Homes
  • New Homes
    • For Sale
    • To Rent
    • Auction
      • Residential Land
      • Commercial Land
      • Farm Land
      • Farms
      • Sites
    • MyHome Living
    • Buyer Advice Hub
    • Property Report
    • Property Price Register
    • Price Changes
  • Mortgages
    • Rental
    • Holiday Homes
    • Commercial
    • Sharing
Advertisement
  • Home
  • Uncategorized
  • If you could turn back time, if I could find a way....
Uncategorized
Dec 23, 2011 - 11:35

If you could turn back time, if I could find a way....

admin
By admin
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share
If you could turn back time, if I could find a way....

Fear not, I haven't had a Charlie Sheen style melt down and taken to singing Cher songs; in part this is clearly evidenced by still working in the mortgage world where the expression 'winning' simply cannot apply.

But what if you could turn back time? Would you do anything different? If you are renting, in negative equity or mortgage free we are hoping to get an answer about your feelings on your lot as we enter into a new year.

For your writers part I can say that negative equity is a fact of life that I am used to living with (on a personal basis), but if I was to go back in time and do things differently would I be in a far different position today?

Yes, I would have likely done something else with my savings that put it at risk, but the nice thing would have been that without leverage (borrowing) that would have been all I could have lost.

Advertisement

But the 'loss' for me isn't really about capital balances, that would only be correctly applied if it had to be realized, rather it is about paying more every month for an asset than I may have had to pay for it. The whole idea of borrowing is about moving money through time and paying for it, so instead of having disposable income €X you end up making due with €X less the cost of paying for the over-valued portion.

For people renting 2012 is likely to be a critical year of deciding to opt in or become a long term renter, with Tax Relief at Source being continued and prices 52% down it would take a Japaneese (rather than British/American/Swedish or Finish) sytle meltdown to incur a bad outcome in the long term.

But do people want to be tied down to one location? Do they want to have a mortgage choice which harks back to the days of Henry Ford's maxim 'you can have any colour car you want as long as it's black' (in this case any mortgage as long as it's standard variable, the obvious difference being that you can't just 'get' a mortgage any more).

Do you think 2012 is going to be a good or a bad time to buy? In today's poll we'll ask you about this and right after the Christmas break we can argue about the results – because for now at least there is some celebrating to do!

Questions:

Advertisement

[poll id="8"]

[poll id="9"]

[poll id="10"]

[poll id="11"]

[poll id="12"]

Thanks for checking in and from the Team here at MyHome.ie and Irish Mortgage Brokers we wish all of our readers a very Merry Christmas and a Happy New Year.

Subscribe to our weekly MyHome Living eZine today

Processing your request...

You are subscribed now!

<

  • Tags
  • Friday Feedback
  • Irish Mortgage Brokers
  • karl deeter
  • mortgage
  • negative equity
  • renting
admin
By admin
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share

Helpful Links

Find your home on MyHome
Read more Articles
Calculate what you can afford to borrow
Welcome to the Retrofit Hub
Advertisement
Advertisement

Related News

What is a Heat Pump?
Uncategorized

What is a Heat Pump?

Feb 27, 2025
Living Cities Initiative
Uncategorized

Living Cities Initiative

Jan 14, 2025
Digital Services Act
Uncategorized

Digital Services Act

Mar 31, 2024
Avant Money and Finance Ireland announce new rates
Uncategorized

Avant Money and Finance Ireland announce new rates

Dec 09, 2021
Average deposit of first-time buyer was €52,000 in first half of the year
Uncategorized

Average deposit of first-time buyer was €52,000 in first half of the year

Dec 07, 2021
Frequent And Popular Searches
MyHome.ie Blog
Help
Jobs
About
Equality Guidelines
Brand Safety
Contact
Terms & Conditions
Cookie Policy
Privacy Policy
Digital Services Act
Sitemap
© Copyright MyHome.ie 2025
Advertisement