House for sale: courtesy of dkodigital (flickr.com)
I recently had the pleasure displeasure of having to re-mortgage my house. Fortunately my broker, a local agent, pretty much takes care of all the details sparing me from the frustration of paper work. I could be accused of being a little lazy for not taking more of an interest.
Anyway, whilst there (with my broker) they suggested that I could start thinking about upgrading, for example move to a bigger house. I started asking questions trying to get a sense of what I could get with the extra money I could borrow against accrued equity. My broker turned to the local estate agent to enquire, however, it was obvious that there were not many houses for sale in Beare Green despite the contrary in other local areas. The agent also happen to mention that they’d had quite a few enquiries about Beare Green so there is certainly outside interest.
Here’s my theory. Beare Green residents rather enjoy where they live and love Beare Green. So much so they are not prepared to leave.
What do you think?
