Quote:
Originally Posted by Hugh
I am 54, and my home isn't my pension - it's my home (and hopefully will be for another 30 odd years, and then it will pay for nursing home costs....  ). |
I sure hope so 'cos I don't want to be paying them for you
Seriously though, there are plenty of people for whom their main, if not sole, investment is their home. With poor interest rates, volatile stockmarkets and uncertainty wrt pensions in the long term is it any wonder we have the housing market we do?
---------- Post added at 22:20 ---------- Previous post was at 22:19 ----------
Quote:
Originally Posted by Ignitionnet
I didn't heed Gordon Brown's advice to treat mortgage equity like a savings account  |
But prudent Gordon broke the cycle of boom and bust and saved the world...... Anyway, if you do become desperate you can always sell off a load of gold, raid someone else's pension fund and start printing money...
