Repossessions: 5 million at risk

Emy1501

Harry_Powell wrote: »

You're in denial if you don't think your personality has anything to do with the opinions you form or the decisions you make.

The fact you have to boast about your wealth on an internet forum, reveals an awful lot about your psychological makeup.

I'm not wealthy by any means. Simply pointing out that you dont have to be worrying about your job or your finances going out of control think prices are going to fall.

I'm not in denial Harry I can accept that prices falling being beneficial to me has an effect on thought procees. As I say you don't seem to accept likewise.

Harry_Powell

Emy1501 wrote: »

I'm not in denial Harry I can accept that prices falling being beneficial to me has an effect on thought procees. As I say you don't seem to accept likewise.

What evidence are you basing this assertion on? Could it possibly another example of our old friend, projection?

If not, then what else could it be? You know nothing of my background, nothing of my social status, nothing about my financial status, nothing much about my personality. Essentially you are forming a complex conclusion about me based on no evidence whatsoever, therefore it must be an opinion based on your own personality as there is nothing else to base it on. QED.

chucky

Emy1501 wrote: »

As some who has a £300 mortgage a very stable job and a wife who has a very stable job with lots of money in the bank I dont have to worry about all these negative things so claim bears all worry about.

your story seems to have a few holes in it now...

Emy1501 wrote: »

Where I am in the South East. Average 2/3 bed house 200-250K average wage about 30-35K and I am being generous. Therefore if you want kids the average couple is going to struggle to buy the average house.

Therefore where I am alot of these properties are now owned by professionals.

you obviously live in an above average house...

Emy1501 wrote: »

I live in the SE and am in my mid 30's. Most people at my work are around my age or younger. Mosts earn about 30-35K. Pretty much all live in an overdraft. Most do not even have £10 to their name a few days before payday. Most of my friend live in Credit, most have credit card debts of 5-10K. Most live for today rather than tomorrow. Most have no interest in things like pensions etc.

that £300k mortgage would be at least 5 times joint income... that's a lot.................

Emy1501

Harry_Powell wrote: »

What evidence are you basing this assertion on? Could it possibly another example of our old friend, projection?

If not, then what else could it be? You know nothing of my background, nothing of my social status, nothing about my financial status, nothing much about my personality. Essentially you are forming a complex conclusion about me based on no evidence whatsoever, therefore it must be an opinion based on your own personality as there is nothing else to base it on. QED.

You bought your first property last year probably with a 90% mortgage and you now seem to believe that everyone who think prices will fall has a psychological problem.

Harry_Powell

Emy1501 wrote: »

You bought your first property last year probably with a 90% mortgage and you now seem to believe that everyone who think prices will fall has a psychological problem.

More assertions based on zero facts. Do you still maintain that your judgement is based less on your own personality than on the facts around you?

rosa_luxembourg

Any chance of staying on topic?

Here's what Shelter say...

http://england.shelter.org.uk/news/may_2010/help_homeowners_at_risk,_urges_shelter

‘Current support schemes in place are set to wind up at the end of the year but could be pulled at any time, which will leave many people with no safety net and facing the real possibility of repossession.
He continued: ‘These schemes are directly helping homeowners everyday and there is no question they are making a real difference. If the funding for these schemes is not urgently reconfirmed the new Government are likely to see a huge number of people losing their home by the end of the year.’
A new survey released by Shelter today shows 29% of mortgage holders are unprepared for the increase in mortgage payments when interest rates inevitably rise.
Mr Robb said: ‘5.4 million mortgage holders haven’t even thought about how they will pay their mortgage if interest rates go up. We know for a significant number of people, just keeping on top of their current mortgage repayments is a constant struggle.
‘If we don’t extend these schemes soon, these people will simply have nowhere to turn when times get really tough

Perhaps Shelter are 'projecting'.

Emy1501

chucky wrote: »

your story seems to have a few holes in it now...

you obviously live in an above average house...

that £300k mortgage would be at least 5 times joint income... that's a lot.................

Er Mortgage is 160K joint income nearly 60K Monthly payment a 2.25% is about £300 a month on interest only as it is a BTL that we simply moved into after selling main home in 2007. The property is not worth 300K either

Harry_Powell

rosa_luxembourg wrote: »

Any chance of staying on topic?

Here's what Shelter say...

http://england.shelter.org.uk/news/may_2010/help_homeowners_at_risk,_urges_shelter



Perhaps Shelter are 'projecting'.

Don't be naive, of course they are! Charities are just like the tabloids, they use emotive language to push their causes. In the case of shelter, to increase donations to their charity, in the case of tabloids, to sell newspapers.

It's the same as those horribly manipulative Save the Children ads where well paid and well adjusted child actors are used to represent abused children. One can almost hear the director.. "Ok luvvie, I'm panning in with the close up, cue the tears, start that lip trembling. Ok and now open those big blues and stare straight into the camera!! Look sad! Stop smiling about our fees! Oh! Cut!! "

I have a cynicism as a personality trait.

rosa_luxembourg

Harry_Powell wrote: »

Don't be naive, of course they are! Charities are just like the tabloids, they use emotive language to push their causes. In the case of shelter, to increase donations to their charity, in the case of tabloids, to sell newspapers.

It's the same as those horribly manipulative Save the Children ads where well paid and well adjusted child actors are used to represent abused children. One can almost hear the director.. "Ok luvvie, I'm panning in with the close up, cue the tears, start that lip trembling. Ok and now open those big blues and stare straight into the camera!! Look sad! Stop smiling about our fees! Oh! Cut!! "

I have a cynicism as a personality trait.

To be frank, it mostly bothers me that Shelter - a charity as you so rightly point out - are bleating for the Govt. to provide help to their clients.

That's my income tax, VAT contributions, etc that they're asking for. I'd much rather it wasn't spent on charity cases.

chucky

rosa_luxembourg wrote: »

To be frank, it mostly bothers me that Shelter - a charity as you so rightly point out - are bleating for the Govt. to provide help to their clients.

That's my income tax, VAT contributions, etc that they're asking for. I'd much rather it wasn't spent on charity cases.

but there are 6 million empty properties on Rightmove - why can't Shelter use those?