Dropping like flies......

chucknorris

Yakubu22 wrote: »

Agree with you on both points.

However you would also need to account for 25 years of IO payments - that generally aren't hugely less than a standard mortgage repayment . That 25 years of payments would be substanstial.
Plus even if your £120k property is now worth £600k - you would still need to find £120k ( a siginificant amount for most people) to be mortgage free.

The 25 years of interest payments would be substantially less than the rent paid over that period.

Using your example a 600k property producing say a 5% yield would now have a monthly rent of £2,500/month but the mortgage at say an average rate 0f 7% would only be £700. And you have the cheek to call me a moron!

HAMISH_MCTAVISH

bernard_shaw wrote: »

Haha. HMcT says he was "banned" from HPC for being "right". Well, he's not banned, he's just "trolled". He could post there if he wanted.

:rotfl::rotfl::rotfl::rotfl:

Ummm, not quite. All the prolific bulls have been banned from posting. As for pre-moderation, we tried that. Strangely, nothing got through.

The last post I attempted was in the Aberdeen thread, and stated nothing other than the current percentage fall from peak following the release of the ASPC data.

It never got through...... Wonder why....

This status was put on him for constant repeated vulgar and foul-mouthed abuse and bullying with sexual content. So often were his posts being reported to mods for them to adjudicate on removal, that they decided something had to be done. The mod's on HPC have a certain threshold number of reported and removed posts beyond which action is taken. Once that threshold is reached, the poster is labelled as a troll and his posts are pre-moderated. On at least one occasion, HMcT himself reported one of his own posts and begged the moderators to remove it (and references other posters had made to it) after he'd reviewed it in the cold light of day! So, he himself contributed to the statistics which counted up to his troll status - in effect, he hastened his own exit.

My posts on hpc are there for all to review. As is my posting history here and elsewhere.

I don't for one moment deny being aggressive in response to those who try to troll me. I fully admit to changing a posters name from cashinmattress to ***onmattress in a moment of childish namecalling in response to a barrage of McSpammish comments, but don't for one moment consider it to be "sexual bullying".

Nor do I deny on one occasion reviewing a post in the light of day and thinking I had been a tad harsh to someone that didn't deserve it, so asking for it to be removed. Such behaviour should be encouraged more often, I think.....

But the majority of your claims are fictional.

And as mentioned, it wasn't just me that got trolled, EVERY SINGLE ONE of the prolific bulls was culled in your little "night of the long knives".

And the reason stated clearly, by a moderator.

It was to ensure newbies knew our arguments "had no veracity". Strange that was only required once prices were rising....:rolleyes:

As mentioned - HMcT could post on HPC if he wanted, there's nothing to stop him. After a period of behaving himself, his "troll" status would revert to "member".

Untrue.

My posts, even one line sentences containing nothing but statistical facts, do not get through. And nobody's troll status ever reverts to member.

The fact that you, and so many other hpc-ers, spend so much time engaged in ad hominum attacks on me just proves you are worried. Do keep up the good work.:rotfl:

mewbie_2

chucknorris wrote: »

All of my mortgages are interest only. I choose not to pay off the mortgages, why should I? they are very cheap loans which are not only tax dedeuctable but at the moment I am only paying just over 1% but my saving are earning about 6%

I hope I've understood this right. You borrowed a load of money that you cannot afford to pay back and you have a little bit of savings that you are clinging onto in the hope something turns up? I assume you are now in negative equity on your portfolio, and are hoping for another bubble in very quick time.

There is a board on here called the DFW or something - you just have to make a financial statement and then start working towards your debt repayments.

Have fun.

HAMISH_MCTAVISH

chucknorris wrote: »

You were right Hamish he doesn't understand

They never do.

I actually once had to argue with one of the hpc clowns who thought interest on a mortgage compounded.:rotfl:

Odd creatures these bears. So much time spent arguing house prices, but such little understanding.

Yakubu22

chucknorris wrote: »

You were right Hamish he doesn't understand

chucknorris wrote: »

I don't see the need to step down into the gutter and start insulting people that I do not even know anything about.

Agreed, but I'm getting tired of being told by some people who dont know me, that 'I dont know what I'm talking about' OR that i'm intellectually inferior for having a different take on things.

chucknorris

mewbie wrote: »

I hope I've understood this right. You borrowed a load of money that you cannot afford to pay back and you have a little bit of savings that you are clinging onto in the hope something turns up? I assume you are now in negative equity on your portfolio, and are hoping for another bubble in very quick time.

There is a board on here called the DFW or something - you just have to make a financial statement and then start working towards your debt repayments.

Have fun.

No you have totally misunderstood it! How on earth did you arrive at those conclusions?

I have approx 40% mortgages (at todays value not peak) and that is on my investment property, my own house is mortgage free.
My 'little savings' are enough to pay off all of my mortgages (hence the comment 'choose not to pay them off'

mewbie_2

HAMISH_MCTAVISH wrote: »

The fact that you, and so many other hpc-ers, spend so much time engaged in ad hominum attacks on me just proves you are worried. Do keep up the good work.:rotfl:

Actually Hamish, can I call you Hamish? I think you are a fairly decent sort, although clearly bonkers vis a vis house prices. And I can sympathise with the unfair moderation, we have had it over here for one of our respected bears.

So, apart from you being a total and utter nutjob in terms of the house price thing, this is meant as supportive post.

mewbie_2

chucknorris wrote: »

No you have totally misunderstood it!

I have approx 40% mortgages (at todays value not peak) and that is on my investment property, my own house is mortgage free.
My little savings are enough to pay off all of my mortgages (hence the comment 'chhose not you'

That is a very good start Chuck. What tends to happen over there (and that is where you should be really, but I don't mind helping) is so-and-so will say "I have a few grand on credit cards", and then gradually the truth will out and it turns out they have 100k.

So if you sign up over there with your 40% idea, and with their trained help , you can 'fess up to the whole terrible truth. I wish you luck.

HAMISH_MCTAVISH

mewbie wrote: »

Actually Hamish, can I call you Hamish? I think you are a fairly decent sort, although clearly bonkers vis a vis house prices. And I can sympathise with the unfair moderation, we have had it over here for one of our respected bears.

So, apart from you being a total and utter nutjob in terms of the house price thing, this is meant as supportive post.

:rotfl:

Mewbie, you are certainly unique. (in a positive way, of course;))

And I'd agree that banning ad is wrong.

mewbie_2

HAMISH_MCTAVISH wrote: »

:rotfl:

Mewbie, you are certainly unique. (in a positive way, of course;))

And I'd agree that banning ad is wrong.

Thankyou. One of my many problems is the inability to focus entirely on hatred of BTLers and promotion of the house price crash mantra, in favour of just having a laugh and a wind up. It's why I was so rubbish at school and never achieved anything.