My thoughts for possibly changing my mind -
-All 3 mortgages come out of their fixed deals at various points over the next 2 years, so obviously they won't be anywhere near as cheap on renewal.
-House prices are very likely to fall fairly hard in the near future.
- If I wanted to get back into property again, wait till they are cheap. (Sell now high, buy again low
Thoughts for remaining on plan -
- property has served me very well over the last 22 years and without it wouldn't be anywhere near where I am now. It 'should' continue to do well in the long term.
- We rode out the downturn in 2008 without any real problems despite going into negative equity on our previous residential home .....will this one be worse ?
- Plan to semi-retire around 55 (11 years from now) so if I ride it out, its quite likely it'll have fully recovered to at least what it is now by then.
- No hassle with having to sell two houses, sitting tenants, asking them to leave etc...
So who would like to share their opinions?
What would you do?