ABSTRACT

I live in blissful ignorance of the value of my house. I know how much we paid for it in 1993 and I know how much I have to pay each month on my mortgage and I also, having just looked it up, know when we make the last payment to the bank and so when the dwelling will actually be ours. I could probably make a very rough guess at the house’s current value and I could certainly find some reasonably precise information on one of the various websites that exist to help us buy and sell property. However, I have never seen the need to bother. What matters more to me is whether we can afford to live here – which we can comfortably – and whether the house still fits our needs – which I suppose it does, as long as I don’t ask my teenage daughters if they have enough space.