Missed the boat.

bluey890

Yakubu22 wrote: »

Here's some Maths....

The base rate is 0.5% yet the lowest FTB mortgage is around 6% unless you have at least a 25% deposit -which is extremely unlikey. I make that interest rate 12 times the base rate. Cheap credit? Missed boat?
I think I'll just rent our somewhere that costs much less than to buy, save my money and have a beer. cheers

I am I missing something here or was that my point?
Those that didn't secure deals whilst they were cheap missed the boat.
It is a simple concept to comprehend. Even for Yogi.

mewbie_2

bluey890 wrote: »

I am I missing something here or was that my point? Mortgages are now more expensive.
Those that didn't secure deals whilst they were cheap missed the boat.
It is a simple concept to comprehend.

What it the average IQ of a bear?

But Bluey, what if rates were to get cheaper? Then you could have pre ejaculated yourself. I believe Japan has had negative interest rates for thirty years now with very little effect.

He who laughs last laughs last.

On the IQ front. I don't think there would be much difference if we did a scientific test on bull or bears brains. However bears don't tend to keep them in their trousers.

Yakubu22

bluey890 wrote: »

I am I missing something here or was that my point? Mortgages are now more expensive.
Those that didn't secure deals whilst they were cheap missed the boat.
It is a simple concept to comprehend.

Agreed, where as I believe mortgages were only really cheap for a few years between 2 and 5 years ago...others tell me they're still cheap now -and always have been! "In 1991 the rate was 300% etc....."

bluey890 wrote: »

What it the average IQ of a bear?

I dont know, but probably slightly more than the average bull

bluey890

mewbie wrote: »

But Bluey, what if rates were to get cheaper? Then you could have pre ejaculated yourself. I believe Japan has had negative interest rates for thirty years now with very little effect.

He who laughs last laughs last.

On the IQ front. I don't think there would be much difference if we did a scientific test on bull or bears brains. However bears don't tend to keep them in their trousers.

I am talking more-so in terms of the BOE tracked rate. There were many mortgages available at less than BOE+0.5% above. I don't think we're going to go back to this position anytime soon.

On the Brain front. Given women say all men's brains are in their trousers... where are a male bears and a female bulls?

System

Yakubu22 wrote: »

Here's some Maths....

The base rate is 0.5% yet the lowest FTB mortgage is around 6% unless you have at least a 25% deposit -which is extremely unlikey. I make that interest rate 12 times the base rate. Cheap credit? Missed boat?

I don't really understand this, how cheap credit is is based on one thing, the %, it makes no difference if the base rate is low.

If the base rate was 5.9% and you were paying 6% does that make your credit cheaper than in the example above?

6% is cheap.

mewbie_2

Might I take this opportunity to welcome Mr. Sock to the forum. I was fed up with sock puppets two days ago, and then I missed them.

mewbie_2

Smelly_Sock wrote: »

thanks for the welcome,
P.S. what happened to that very distinguished poster, mr broderick? I've always enjoyed reading his erudite and witty contributions to the forum.

I'm not I recognise Mr. B from that description. But as you are new I had better explain. He pushed the forum rules to the absolute limit and beyond on a number of occasions. And something must've snapped at Mod Tower.

Funny thing is that one of his catchphrases was where's Nelly - and I used to think Nelly was a poster who had moved on. Until someone resurrected one of Mr. B's finest threads... and there was Nelly... ppr'd.

mewbie_2

Smelly_Sock wrote: »

Yes, I heard he (literally) put the willies up the moderators, and they didn't like it very much. They weren't so cocksure any longer after he put them straight

How long are you expecting to stay on this board?

Gorgeous_George

The biological ticks relentlessly. The option of building a nest today may need comparing with never building a nest. If the time is right for you, it could be better to build your nest now even if it might be cheaper next year (or the year after) (or the year after) (or the year after).

HPCers got the timing of the crash wrong for years. My money is on them getting the timing of the turn wrong too.

Some people let life happen to them; others make life happen.

You choose.

GG

nearlynew

Smelly_Sock wrote: »

P.S. what happened to that very distinguished poster, mr broderick? I only joined so that I could read his erudite and witty contributions to the forum.

Here is some classic mr b for your enjoyment..........................

http://forums.moneysavingexpert.com/showthread.html?t=464605&highlight=sortofok