Originally Posted by
Patricia
I own my house in Dublin and rent in UK, and my house in Dublin is now worth half what I paid, so my mortgage is for more than the value. This is the position a lot of people are in. I've various friends in same situation. If you want to sell/move, it's a nightmare, you basically can't. Prices went crazy high I think and anyone who bought in recent years is left paying for it now. I held off buying for ages as I though prices were too high, but they just kept going up and eventually I succumbed and bought. Now I'm sorry I did of course! I think in future I'll stick to renting.