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Debate House Prices
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Skipton BS faces Legal Challenge over raising rates...
Comments
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HAMISH_MCTAVISH wrote: »Hang on Graham.
You advocate letting businesses fail, to be swallowed up by bigger businesses, (as has happened with numerous other small building societies).
But now you are in favour of sh1tting on the consumer, so a business can make more profit?
Hypocritical much?
The reality is, if it is proved that the rate cap is part of the mortgage contract, then if Skipton fails, any buyer of Skipton will have to honour the contract.
Good grief Hamish.
You don't half respond with some cack sometimes.0 -
Absolute and utter hypocrisy Hamish. Apparently profiteering, and sneering, at people priced out of buying a home is perfectly reasonable.
Housing is an asset class, no different to stocks, shares, gold, classic cars, etc. Holders of assets naturally wish for them to appreciate.
Banks/BS unilaterally tearing up contracts with guaranteed rates is just plain wrong.
It boggles the mind that ANY poster on a money saving site would support a contract being reneged upon, and forcing consumers who had made a deal to limit their costs, to pay more.
It is abundantly clear the only reason anyone supports this is because they think it will contribute towards prices falling.
And you have the gall to accuse me of being hypocritical......“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
I can appreciate Facebook for 'social networking' - kids mainly. But I do not understand middle aged saddos setting up a 'space' or whatever it is called in order to amass a collection of 'friends'. As for 'Twitter' - I don't want to know who had what for breakfast, even if it is someone like Stephen Fry. If you have som,ething to communicate then there is nothing wrong with a letter, or for more urgent messages a telegram.You're right actually. Imagine spending your online time in a place inhabited by immature, argumentative, chidlish people who are all hellbent on discussing pointless things that don't really matter. It doesn't bear thinking about.
edit: do they still do telegrams, I think the Queen stopped ending them.0 -
No Hamish, not this time. Pricing people out of housing is far more important than some highly indebted twits paying extra on their mortgage.HAMISH_MCTAVISH wrote: »Housing is an asset class, no different to stocks, shares, gold, classic cars, etc. Holders of assets naturally wish for them to appreciate.
Banks/BS unilaterally tearing up contracts with guaranteed rates is just plain wrong.
It boggles the mind that ANY poster on a money saving site would support a contract being reneged upon, and forcing consumers who had made a deal to limit their costs, to pay more.
It is abundantly clear the only reason anyone supports this is because they think it will contribute towards prices falling.
And you have the gall to accuse me of being hypocritical......0 -
HAMISH_MCTAVISH wrote: »It boggles the mind that ANY poster on a money saving site would support a contract being reneged upon, and forcing consumers who had made a deal to limit their costs, to pay more.
It is abundantly clear the only reason anyone supports this is because they think it will contribute towards prices falling.
And you have the gall to accuse me of being hypocritical......
No contract has been reneged upon.
They have used the clause that the customer signed up to.
This is nothing to do with house prices falling, as I doubt this will have any effect whatsoever.0 -
No Hamish, not this time. Pricing people out of housing is far more important than some highly indebted twits paying extra on their mortgage.
Utter tripe.
Anyone that promotes the concept of financial institutions being able to break contracts with consumers whenever they feel like making more profit is a certifiable idiot.
Your hypocricy on this front is breathtaking. Still, at least you admit it is because you think these sorts of moves will lead to cheaper houses.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
I can appreciate Facebook for 'social networking' - kids mainly. But I do not understand middle aged saddos setting up a 'space' or whatever it is called in order to amass a collection of 'friends'.
I like Facebook. A lot of my friends live quite far away and I have quite a scattered family around the world, so it's a great way to keep up with what's going on. Can't say I use it for anything other than saying hi to family and friends though.
Once you get past the 'my god, it's so sad' aspect, it's actually quite a useful tool for keeping in touch with people who don't live near you.0 -
Graham_Devon wrote: »No contract has been reneged upon.
They have used the clause that the customer signed up to.
This is nothing to do with house prices falling, as I doubt this will have any effect whatsoever.
I'm pretty sure no rational person expected "exceptional circumstances" to mean "whenever the BS wants to make more profits"......“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Complete codswallop. A few people pay extra on their mortgage. Meanwhile a generation is priced out of the housing market altogether. You sir are a buffoon.HAMISH_MCTAVISH wrote: »Utter tripe.
Anyone that promotes the concept of financial institutions being able to break contracts with consumers whenever they feel like making more profit is a certifiable idiot.
Your hypocricy on this front is breathtaking.0 -
HAMISH_MCTAVISH wrote: »Housing is an asset class, no different to stocks, shares, gold, classic cars, etc. Holders of assets naturally wish for them to appreciate.
I own a house and I own shares. The shares have absolutely no purpose whatsoever other than, hopefully, making me money. They don't have any other single use. The sole purpose of buying them was a hope that they increase in value. Period.
My house rising in value is a very distant benefit in homeownership. I like having somewhere to sleep at night, I work there during the day, I like my garden, I enjoy spending evenings there and it's a great place to keep all my stuff. My house is also conveniently located to shops, my office, roads and a city which I like and can hang out in. For all this I'm willing to pay a fee which I think represents good value each month, which is my mortgage. I'm not really bothered if my house goes up in value or not.
So really, houses aren't the same as most other asset classes for most people, are they?0
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