Comments by "Steven Hull" (@stevenhull5025) on "How Much House Prices WILL FALL As Interest Rates RISE" video.

@Corkfish1 Same as me. My house cost 21,000 in 1981. Now in 2021 40 years later it is valued at 350,000 with no mortgage and no rent to pay. If I had not bought at the time but rented for 40 years I would now be at the mercy of a landlord paying ever increasing rent with no equity. House prices have peaks and troughs as do interest rates but in the long term a mortgage and rent free retirement should be the ultimate goal.
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@Corkfish1 Let me add to this. I also bought another house at the peak in 2007 prior to the crash. Now in 2021 the property is only worth what I paid then. Your neighbour bought near the peak (2007) as I did. The property which is worth much more was bought 40 years ago (1981).
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@Corkfish1 But irrespective of the house value, is it not better to own the home outright at the end of the mortgage term than paying rent forever ? (which increases year on year).
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