Things getting worse?

chucky

ad9898 wrote: »

I've said it loads of times on here, don't go catching falling knives, I have a 40% deposit saved on the type of house I would look at buying (3 bed detached), however the market is never going to 'get me' until the bottom is reached, if I decide to stay here. Don't forget you have to earn £3 before tax for every £1 that needs to be paid off a mortgage. Just think how much you are saving right now.

and if you don't buy with that mortgage you may then have to pay £5 for every £3 you would have paid with that mortgage due to HPI in those 25 years

beingjdc

pandamonia wrote: »

i read a financial report on RBS and their uk business was making money and had alot of assets vs debt, please show me otherwise?

and its the US which caused 8bln losses. also barclays made 5bln this year, mostly from the UK

Of course they have a lot of assets, the Government gave them £20 billion. But they only look good for as long as the government will swap their stinky mortgages for UK Gilts. Otherwise, they would have to declare them at what people would pay if they tried to sell them on. Right now, that's nowhere near the value they put on them.

ad9898_3

chucky wrote: »

and if you don't buy with that mortgage you may then have to pay £5 for every £3 you would have paid with that mortgage due to HPI in those 25 years

Of course, there are always 2 sides to every coin.:D

chucky

ad9898 wrote: »

Of course, there are always 2 sides to every coin.:D

this is the best thing about this site - we can have endless of these arguments backwards and forwards :beer:

Snooze

ad9898 wrote: »

I as a taxpayer, would hope that the banks that have been given taxpayer money would have a good business model and only lend to people who are of a good risk (which means nobody with less than 25% deposit), in the hope that I, as a taxpayer will get my money back.

:rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :T



Rob

chucky

LesQuirk wrote: »

Must admit i've read a couple of threads and have enjoyed them but there are a few annoying selfish members spoiling my enjoyment.

selfish!? that's me!!!

just bear in mind it's a good place to look at things from different angles and from different peoples circumstances and life experiences - it's doesn't mean that things will happen or things are actually exactly like that. it's all about how we all interpret the information that we see

chucky

LesQuirk wrote: »

I wasn't referring to you chuckie.

i know - i was trying to be funny

fc123

LesQuirk wrote: »

Must admit i've read a couple of threads and have enjoyed them but there are a few annoying selfish members spoiling my enjoyment.

It get's better than this, trust me...I only ever write about myself....the board is a very MSE way of having personal therapy.

fc123

LesQuirk wrote: »

How the hell do you get pics on, :rotfl: :rotfl:

No idea...I can barely type.

fc123

LesQuirk wrote: »

Are you following me? I don't mind

Nope, but you could be following me as we keep bumping into each other?

Actually, I was avoiding Chucky...as we nearly fell out the other night...and I don't really want to fall out with anyone else.... as I like pretty much everyone who posts on here...or rather, I enjoy reading everyones views/stories etc.;) I will have to face Chucky at some point I guess.:o