Hi all,
I recently queried member's advice about whether or not I should sell my house for a loss and pay off the negative equity balance given that I am on a very good tracker rate.
http://www.askaboutmoney.com/showthread.php?t=142606
Just when I'd made up my mind to sell and take the hit upfront, I read in one of the Sunday papers that in these times it is prob a good idea to have some debt as the only way governments/countries can get out of their debt is to inflate their way out. Is this a valid possiblity? No point in me paying huge sums to get out of debt when it may 'naturally' erode over a few years instead.
This is such a major financial decision for me and I just can't find the right answer.
I recently queried member's advice about whether or not I should sell my house for a loss and pay off the negative equity balance given that I am on a very good tracker rate.
http://www.askaboutmoney.com/showthread.php?t=142606
Just when I'd made up my mind to sell and take the hit upfront, I read in one of the Sunday papers that in these times it is prob a good idea to have some debt as the only way governments/countries can get out of their debt is to inflate their way out. Is this a valid possiblity? No point in me paying huge sums to get out of debt when it may 'naturally' erode over a few years instead.
This is such a major financial decision for me and I just can't find the right answer.