House prices - "five years to recover"

nearlynew

You obviously don't understand how debt-junkies think Mr.Brown

It's all about equity.
The more equity you have, the more you can borrow.
No equity, no money.

It really is a simple as that.

Mr.Brown_4

nearlynew wrote: »

You obviously don't understand how debt-junkies think Mr.Brown.

Yes, I see. Borrow more, feel richer. Big house, big debt. I guess that attitude would work during a period of rapid HPI.

Bit out of date now I think.

What do you think rewired? Feeling a bit worried these days?

nearlynew

Mr.Brown wrote: »

What do you think rewired? Feeling a bit worried these days?

Oi.

Less of that please.

I'd hate us to fall out.

2010

nearlynew wrote: »

But it's all about "equity" Mr.Brown

People don't have money any more, they have "equity"

And isn`t this exactly the problem, people don`t have money anymore, they just WANT everything regardless of debt.

They don`t have equity they have DEBT.

chucky

nearlynew wrote: »

You obviously don't understand how debt-junkies think Mr.Brown

It's all about equity.
The more equity you have, the more you can borrow.
No equity, no money.

It really is a simple as that.

and where did i say that equity was wealth numptynew?
let's see if you can explain without the tinfoil paranoia...

chucky

Mr.Brown wrote: »

Let's try to keep things very simple.

Here are two examples for you.

Moving up the ladder...
Buy 100k property. Better property is 200k, but can't afford that yet.
With 0% HPI the gap remains the same.
With 10% HPI you have a 100k property now worth 110k and the 200k property is now worth 220k. The difference is 10k more.

Therefore you are 10k WORSE off through HPI.

FTB...
Wanted to buy a 100k property.
0% HPI - one day I can.
10% HPI - property becomes 10k more expensive.

Therefore you are 10k WORSE off through HPI.

you've blatently missed the point once again. stick to telling the jokes to your internet buddies.

i've tried to explain it to you simply but i'll let someone come and along and explain it in crayon for you... much more your level

nembot

Oh man, was ready to buy my next house - thought everything was back to normal!

Chucky, Hamish stop telling fibs!!! :mad:

chucky

nembot wrote: »

Oh man, was ready to buy my next house - thought everything was back to normal!

Chucky, Hamish stop telling fibs!!!

poor come back, expected better - well done :T

nothing to back up your argument but nonsense for a change, where's the lie or don't you have the brain capacity?