Ask Lemmy
A Fediverse community for open-ended, thought provoking questions
Please don't post about US Politics. If you need to do this, try !politicaldiscussion
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com.
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.
Reminder: The terms of service apply here too.
Partnered Communities:
Logo design credit goes to: tubbadu
view the rest of the comments
Where I am there are no fixed-for-the-life-of-the-loan mortgages, so I will have to remortgage at a higher rate in 2025. I expect by then things will have calmed down a little from the worst this year, but will still be significantly more expensive than they are now. However, I will have had five years paying very low interest rates (about 1.6%) and am overpaying. It makes more sense than renting and the place I bought has been a great place to live during the pandemic. I don't know how much the value has increased since I bought it - despite small falls though the wider area has seen average property prices go up about 25% over this time so I'm not in any danger of being stuck unable to move. Even if prices collapsed I would likely be safe from negative equity due to having had a large deposit.