trailblazer
Registered User
- Messages
- 18
Greetings,
I was just looking for some advice on how to deal with my current situation (one which many people are probably in). Myself and wife have a nice apartment in south Dublin. We love it. Bought it 3 years ago and were chuffed with the place. However, we bought it with a 100% mortgage. Now (judging by how surrounding apartments are selling), our place is bordering on negative equity.
The crux of the issue is that we have a child that needs more and more room. Ideally, next Summer we should be trading up to a house. However, current market trands are indicating that we could be 30k in the negative by then. I have no idea what to do now because we do not have enough savings in place yet to sell and move now. I suppose that the only option maybe to sell and rent untill we have savings for a new place....
I was just looking for some advice on how to deal with my current situation (one which many people are probably in). Myself and wife have a nice apartment in south Dublin. We love it. Bought it 3 years ago and were chuffed with the place. However, we bought it with a 100% mortgage. Now (judging by how surrounding apartments are selling), our place is bordering on negative equity.
The crux of the issue is that we have a child that needs more and more room. Ideally, next Summer we should be trading up to a house. However, current market trands are indicating that we could be 30k in the negative by then. I have no idea what to do now because we do not have enough savings in place yet to sell and move now. I suppose that the only option maybe to sell and rent untill we have savings for a new place....