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howdy
this is a hypothetical scenario.
say i have 100 000 house and spend 20 000 reno to achieve more (or instant) equity.
Lets say the house is valued after reno for
150 000.
So I have 50 000 equity in the house(but 30 000 perpetual profit)
leys say I invest that 50 000 in another property(use as a deposit)-
my question is-
if the housing prices tumble down and my house is revalued at say 90 000 2 years later, what happens to the investmant that I aquired by means of the equity?
If my the original reno house is now worth less, what is to become of this scenario?
just wondering, any replies would be helpful
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