End of the cheap fixed mortgage

Thrugelmir

Harry_Powell wrote: »

Very reassuring, thanks ad9898. I guess any increases in rates will further accelerate the HPC, we're just in a "holding pattern" at the moment but more negative news is filtering back into the mainstream and so hopefully we should see a continuation of the HPC. In other words, Normal services will be resumed shortly!

We are indeed heading for "Normal services" again after some years in the wilderness.

House prices at sensible levels.
Lending rates which reflect risk, and do not allow those with capital to create further imaginery wealth by pushing asset values into an ever increasing spiral.
Savers will again be rewarded for their prudence.

All round so much better........
.

donaldtramp

bendix wrote: »

Why thank you. That's the nicest thing someone has said about me for ages.

I am harsh. You have to be. It's dog eat dog out there.

I have no patience for the lazy, the incompetent and the uncurious. I get so frustrated on the pensions forum for example, where people blindly say 'oh, ooops, I know nothing about pensions,' as if it's cute or clever. It isnt. It's irresponsible.

I'm fed up of this nanny society where problems are always someone else's fault.

I'm fed up paying hideously high taxes so halfwits can eat themselves into obesity on burgers, live their lives through Richard and Judy lenses, claim IB forever and then have the sheer bleeding audacity to feel self-righteous indignation (fueled by the halfwit press) at the so-called fatcats who bust their guts all day to finance such lifestyles.

I am sorry, but we are all born equal, and - health issues aside - we all have the same opportunities to be successful or to fail. Many choose the latter because someone else will take care of them.

(Apart from that, I'm quite happy today :j )

I 100% agree.
A man (I think!) after my own heart!
I am also viewed as nasty and opinionated at work...

I don't care! It is the tax from MY wages that keeps probably 2 or 3 families in a house, their benefits paid, their children fed and all their share of the countries infrastructure/systems paid by me!

A lot of peoples lives are only "nice" because I'm out working in a job. I am "entitled" to NOTHING!!!

Harsh but fair, is how I like to think of myself!

Graham_Devon

donaldtramp wrote: »

I 100% agree.
A man after my own heart!
I am also viewed as nasty and opinionated at work...

I don't care! It is the tax from MY wages that keeps probably 2 or 3 families in a house, their benefits paid, their children fed and all their share of the countries infrastructure/systems paid by me!

A lot of peoples lives are only "nice" because I'm out working in a job. I am "entitled" to NOTHING!!!

Harsh but fair, is how I like to think of myself!

Nah. Just fair.

When it comes to that

What annoys me is that I too am probably keeping a whole family fed etc. Yet I can't even treat my own family to a holiday.

ad9898_3

StevieJ wrote: »

BTW surely that £3 for every £1 gets worse the higher the interest rate.

Only in a rising market, not in a falling/static market, (which is what I said in my original post), where your savings will reduce the amount of mortgage you have to have, or if you're lucky reduce it to the point where no mortgage is required at all.

bendix

I'll be paying at least £50-55k in direct tax this this year, and that doesnt include all the stealth taxes like GST. And, yet, curiously I'm seen as selfish for having a decently paid job.

Rather ironically, the people who think I am selfish are the very people that I am supporting on the welfare state.

I've said this before, but I'll say it again here . . . Just once, I would like to hear those who have opted for the welfare lifestyle say a simple thank you, and acknowledge that if it wasnt for us busting our guts to build lives and futures for OUR families, then THEIR families wouldnt be able to afford their multi-pack of Monster Munch for their dinner tonight.

A simple thank you, rather than resentment. It's not too much to ask for, is it?

Instead, we have a massive proportion of the population (and not a small proportion of MSE members) who think my working for their families is - somehow - their birthright.

I live in hope. But I suspect I hope in vain.

ad9898_3

bendix wrote: »

I'll be paying at least £50-55k in direct tax this this year, and that doesnt include all the stealth taxes like GST. And, yet, curiously I'm seen as selfish for having a decently paid job.

Rather ironically, the people who think I am selfish are the very people that I am supporting on the welfare state.

I've said this before, but I'll say it again here . . . Just once, I would like to hear those who have opted for the welfare lifestyle say a simple thank you, and acknowledge that if it wasnt for us busting our guts to build lives and futures for OUR families, then THEIR families wouldnt be able to afford their multi-pack of Monster Munch for their dinner tonight.

A simple thank you, rather than resentment. It's not too much to ask for, is it?

Instead, we have a massive proportion of the population (and not a small proportion of MSE members) who think my working for their families is - somehow - their birthright.

I live in hope. But I suspect I hope in vain.

I kind of agree with this, what makes it worse is when you read that thread Max Headroom started, it shows the benefits system is a joke, because if you're a single man or woman with no children, even if you have paid taxes all your life, the benefit system won't pay you enough to eat.

Graham_Devon

Oh please, don't start me off on benefits!!! My internal swear filter will go out the window, and believe me, you guys aint seen me ranting yet!

FoxtonsRIP

I'm not sure about the issue of cheap fixed mortgages but I must say that it's great to have Topov back.

StevieJ

bendix wrote: »

Sigh.

SteveiJ, do yourself a favour. Put the Daily Mail away and read a real newspaper. Or, better still, stop to consider that issues driving financial markets, global economy, banking and consumer behaviour are just a TAD more complex and a shade less black and white, that glib lines like yours might suggest.

What was I saying just now about the lack of intellectual curiousity?
By the way, I never referred to banking fatcats. According to the mass media, my salary qualifies me for fatcat status. How lovely. Never worked for a bank in my life.

What is that about? In the original post you didn't mention all fat cats except for the bankers I have a great respect for entrepreneurs who create wealth and jobs and pay taxes The world is indeed a complex place but this does not mean that certain banking fat cats should be rewarded for creating mayhem by presumably
a) Not understanding the products that their banks were investing in.
b) Encouraging short termism and excessive risk taking.

BTW we only have your word for your 55k tax bill.

StevieJ

ad9898 wrote: »

I kind of agree with this, what makes it worse is when you read that thread Max Headroom started, it shows the benefits system is a joke, because if you're a single man or woman with no children, even if you have paid taxes all your life, the benefit system won't pay you enough to eat.

I think that character would be quite happy about that :eek: