negative fucking equity
that is all.


/bitter.
(happylittletulip helpless and delicious, Thu 22 Jan 2009, 19:58, 6 replies)

Same here tulip.
But I don't plan on moving for a while so I'm not unduly worried.
( girlinthehole, Thu 22 Jan 2009, 20:26, closed)

what....
Mr Tulip isn't giving you enough?

x
( Tourette's ( . )( . ) has a monkey hair in her fried egg, Thu 22 Jan 2009, 20:31, closed)

First Flat
It ended up half the value I paid for it after about a year of owning it! (Early 90's housing crash.) I didn't panic and ended up doubling my money when I sold a few years later. There is no such thing as negative equity until you sell.
(Pork2311, Fri 23 Jan 2009, 8:29, closed)

just sold
due to shitty circumstances.

circumstances now shittier.

so there you go.
(happylittletulip helpless and delicious, Fri 23 Jan 2009, 10:26, closed)

Is it proper negative equity?
i.e. balance on your mortgage exceeds value of property? Or just that the house is worth less than when you bought it?
( monkeybananaraffle, Fri 23 Jan 2009, 13:07, closed)

yup
a five figure shortfall...
(happylittletulip helpless and delicious, Fri 23 Jan 2009, 15:12, closed)