"Owain" wrote in message
...
"Richard Faulkner" wrote
| Mary Fisher writes
| But isn't buying a house about more than selling it ... ?
| Yes, very much so IMO, but the OP asked the question, and I merely
| tried to answer it.

Quite right. I was just putting another perspective.

| Funnily enough, one of the most common questions, when I was selling
| houses, was to do with resale in the future, so perhaps we are in a
| minority.

No, sadly, I think that most people DO see a house as an investment. It's
part of living in a money-oriented age.

Not unreasonably, as for most people the liklihood is that they will move
within a few years (job, etc)

Or making a profit on their house :-)

unlike our parents' or grandparents'
generations who were much more likely to die in the street in which they
were born.

My mother (now 92) never owned a house in her life. She's now living in her
(gets out fingers) eighth dwelling. I'm still living in my fifth - one was
for eight months, one for four years then it was demolished.

And while in the past if you sold a house in one part of the country you
were fairly confident you could buy something in another part, with house
prices zooming all over the place, there is a real risk of buying a house
or
in an area that will not keep pace with the general housing market.

I know. Funny old world, innit! People pay enormous amounts to live in an
overcrowded, overpriced, not even very nice part of the country ...

Mary

Owain