The 5 Worst Things About Owning a Home - Pocket Your Pounds

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The 5 Worst Things About Owning a Home

By The Pocket Your Pounds Team | Published June 9, 2021


5. The Real Estate Bubble Could Pop at Any Minute

Home prices in the U.K. have experienced the fastest annual growth since October 2014, jumping 8.6% to £250,000, says the Office for National Statistics (ONS). Separate figures from HM Revenue and Customs (HMRC) showed that double the number of homes were sold this March compared to the year prior.As with any investment, there are always risks involved. Only time will tell what the future holds for the housing bubble. If you are financially secure and can handle the ebb and flow of the housing market, then owning could be a savvy move for you. Generally speaking, homes tend to gain value over time and are considered a “safe” investment. Hopefully we don’t see a repeat of the 2008 market crash, but anything is possible!

Owning a home isn’t for everyone, but if you arm yourself with the right information, it can make the experience a lot more enjoyable for you. Preparation is the key to success. 

Some of the items on this list are unavoidable but not all of them. L.A.M.B. is a company that helps put the homeowner or tenant back in control, saving them both time and money. Its mission is to reach out to everyone getting ripped off on their energy bills and help to stop them from needlessly paying steep supplier loyalty taxes. 



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