You've already lost the money on the house. Done deal. Stop worrying about it. This isn't to say that further money spent on it won't improve it (certainly for your immediate benefit).
If, as is quite possible, you even lose further money on the house, that's because of fluctuations beyond your control rather than spending or not spending on it. Maybe you won't get to go to Canada until the market picks up. That sucks, but it's dependent more on economics than your choices inside the house.
So put the macroeconomic thing out of your mind, focus on "Will spending £foo on a new staircase make my time living here happier?" instead. After all, you have to live somewhere in the meantime, and nice is preferable. Paint that ceiling. Enjoy it. It's where you live, not just an investment.
We've lost an absolute packet on our place (bought almost exactly a year ago) and we love it. We paid the cost of buying then because we wanted to, so as to get to live in a nice house for a year rather than another year of grim - which is just what we've had as a result.
Fortunately for us we're planning to stay rather than emigrate, so we can take a long-term view quite sanguinely.
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sforzinda
no subject
Date: 2009-10-02 10:27 am (UTC)If, as is quite possible, you even lose further money on the house, that's because of fluctuations beyond your control rather than spending or not spending on it. Maybe you won't get to go to Canada until the market picks up. That sucks, but it's dependent more on economics than your choices inside the house.
So put the macroeconomic thing out of your mind, focus on "Will spending £foo on a new staircase make my time living here happier?" instead. After all, you have to live somewhere in the meantime, and nice is preferable. Paint that ceiling. Enjoy it. It's where you live, not just an investment.
We've lost an absolute packet on our place (bought almost exactly a year ago) and we love it. We paid the cost of buying then because we wanted to, so as to get to live in a nice house for a year rather than another year of grim - which is just what we've had as a result.
Fortunately for us we're planning to stay rather than emigrate, so we can take a long-term view quite sanguinely.