House buying for preppers

[Scythe13]

(20 February 2012, 11:26)Skean Dhude Wrote: If only that was how it worked.

You pay £100K for your land worth £200K. If the land value drops to £150K. You lose £50K and still owe £100K.

If inflation kicks in your debt comes down relative but the interest rate goes up so you pay 2000% on what you owe. The capital is still £80K but interest is now £100K. Now, if you had cash instead, then but such is the way of our financial system.

SD, you're ruining my happy thoughts