I think most people see their homes as an investment: you hope that you make money on the value appreciating. Unless you're happy to live in the same place for the rest of your life and pay out the same value mortgage on something that was only losing money. I want my house price to go up as it then potentially helps me buy a bigger and nicer home. 🙂

I personally wouldn't spend £350 - 400k on something thinking that the value in a years time would be much less than I paid for it: it makes no sense to, you'd just wait for the price to fall to its minimum and then buy. That's why the saying is "buy low, sell high" - that's how you make money. It may not be economics that people enjoy, but it's the general principle for most things.

I wouldn't buy 200 gold watches to sell on eBay for £200 a time to sell them at £100 a time.

Same applies to the value of my house: why should I be happy that the value of my home is potentially going to lose tens of thousands of pounds?

So just because you can go and live in a tent in the middle of nowehere doesn't automatically mean that anyone should be happy about it - but if you're perfectly happy to do that, then I hope you don't find it too cold in winter, I'd rather have my lovely radiators.

I am just telling people the position I am now in, and the advice I have been given; no one has to pay any attention to it. 🙂