Some of you are vultures

mewbie_2

SarahNeedle1872 wrote: »

What does MEW stand for?

This must be the most frequently asked question on this board.

MEW = Mesopotamian Equine Wholesale

It's a semi biblical phrase first used by the Pharisees in the the money temples to indicate the funds available for sheep and horse traders. Jesus introduced Quantative Easing and the whole lot were kicked out soon afterwards.

neas

mortgage equity withdrawal.Its where someone buys a house for 50k.... then in 3 years time its worth 80k.... they only paid a couple k off the mortgage... but because houses rose they remortgage at 80k... and pocket the 30k and use it for holidays and cars etc.Either way they still have an 80k loan.

p00hsticks

SarahNeedle1872 wrote: »

What does MEW stand for?

Mortgage Equity Withdrawal

Refers to when someone gets money by taking advantage of the rise in the price of their house to remortgage for a higher amount.

The common thinking (whether true or not I don't know) is that this MEWed money was often frittered away on luxuries like holidays, new cars, conservatories etc because people thought house prices would always go up and so they could always pay it all back by selling the house.......

stevetodd

p00hsticks wrote: »

Mortgage Equity Withdrawal

Refers to when someone gets money by taking advantage of the rise in the price of their house to remortgage for a higher amount.

The common thinking (whether true or not I don't know) is that this MEWed money was often frittered away on luxuries like holidays, new cars, conservatories etc because people thought house prices would always go up and so they could always pay it all back by selling the house.......

I spent most of mine on women, alcahol, drugs and gambling although I have to confess that I just wasted the rest

Gwhiz

SarahNeedle1872 wrote: »

What does MEW stand for?

It's what google and wiki were invented for!

WISHIWASRICH_2

tesuhoha wrote: »

I am shocked at the way a lot of you are laughing and rubbing your hands with glee at the house price crashes. Don't you realise that there are a lot of ordinary people who have lost everything? For you to be able to buy a repossession means financial ruin for some other unfortunate person and they have lost everything including their home through the sheer bad luck of trying to buy at the wrong time.

This person no doubt paid more for their house than the knock down price that you will pay so why do you deserve to have it rather than them? You are profiting off the back of other people's misfortune. You are trying to make out that everyone who has bought in the past is full of greed and is trying to price first time buyers out of the market. This is not true. There are many ordinary people who have struggled with mortgages for years.

This all gives me the uncomfortable feeling that there is going to be a hpc bloodbath in the next few months. Don't get me wrong I feel sorry for first time buyers but there seems to be a lot of opportunistic greed on this forum.

You are wasting your breath on the HPCers on this board. Lots of adjectives describe them - callous, cold-hearted, cruel, insensitive, merciless, pitiless, uncaring, uncompassionate, unsympathetic....the full gamut.

On top of that they seem to have a superiority complex and treat everyone else as a fool. Indeed, the MSE HPCers believe themselves to be a very superior breed.;)

Gwhiz

WISHIWASRICH wrote: »

You are wasting your breath on the HPCers on this board. Lots of adjectives describe them - callous, cold-hearted, cruel, insensitive, merciless, pitiless, uncaring, uncompassionate, unsympathetic....the full gamut.

On top of that they seem to have a superiority complex and treat everyone else as a fool. Indeed, the MSE HPCers believe themselves to be a very superior breed.;)

Some people do talk twaddle!

mewbie_2

WISHIWASRICH wrote: »

You are wasting your breath on the HPCers on this board. Lots of adjectives describe them - callous, cold-hearted, cruel, insensitive, merciless, pitiless, uncaring, uncompassionate, unsympathetic....the full gamut.

...and that's just the nice ones!!!

edit: na na ne na na - I got thanked by a troll, and I was being sarcastic - na na ne na na. Sorry. Bit childish.

WISHIWASRICH_2

Gwhiz wrote: »

Some people do talk twaddle!

Which is a step up from gibberish;)

ad9898_3

stevetodd wrote: »

I spent most of mine on women, alcahol, drugs and gambling although I have to confess that I just wasted the rest

Is that you George, I thought were dead.:D