SHOULD you be overjoyed that house prices have hit a two-year low, or is your life no longer worth living? Find out with our quiz.
Do you own a house?
A) You’re joking, right? I don’t have rich parents and I didn’t try to buy before 2008. I don’t stand a chance.
B) Yes, I worked a normal amount, only inherited a healthy sum and bought a house for a few grand in the 60s. Young people should follow my example.
Are you trying to save a deposit?
A) Yes, I have been putting aside the 20 pence left over from my pay packet for the last 20 years. I should have enough by 3000AD.
B) No, if I want another property then the bank just authorises another mortgage in a couple of clicks. It’s very easy.
Do you see a house as a business investment?
A) No. As long as I have a little place to call my own I’ll be happy. You can’t take it with you.
B) Yes. I pore over every property story in the Daily Express and have lovely dreams about buy-to-let contracts. If the pleasant detached property I own doesn’t return an eye-watering profit then what’s the point of happily living in it?
Are you f**king loaded?
A) Remarkably no, even though I have cancelled Netflix and don’t drink coffees from shops like patronising homeowners advise me to.
B) Only in terms of assets such as my huge housing empire. If I sold them off all I would have is a measly few million.
What would you do with a house?
A) Live in it, obviously. And be happy that I’ve escaped the extortionate rental market. Like most people.
B) Use it as collateral so that I could buy more houses, then rent them out at a ludicrous rate to generate passive income. It’s the modern bastard’s way.
ANSWERS
Mostly As: Congratulations, tumbling house prices are the window of opportunity you’ve been waiting for. That’s if prices weren’t already so insanely high even a big reduction means you still need 400k for a tiny semi. Hooray, but also, never mind.
Mostly Bs: Bad luck, the temporary dip in house prices means that you might not be generating a huge profit for doing f**k all. If it wasn’t for the stability of your house-owning life you’d start to despair. But you’ve got one, so it’s alright. You’re fine.