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Debate House Prices
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Grandparents
Comments
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chucknorris wrote: »Because if you keep cash (instead of paying off the mortgage) you are free to invest in good business opportunties when they present themselves, that's why.
Don't forget that you only pay the difference between your mortgage and savings rate, not the full mortgage rate (although in these unusual times I am actually earning about 3% more atm on my savings)
For my parents, paying off their mortgage when dad got his compensation was a godsend in later years when he got made redundant for a short time and then had to take a lower paid job and start at the bottom again.
At least then, my parents didn't have to worry about finding money for a mortgage or rent and their house was not at risk with 3 young children.
Mind you, my parents have never been risk takers so would not have invested their money elsewhere...it would have been gradually spent over the years on little treats (or big treats if dad managed to go shopping without mum! :rotfl:)We made it! All three boys have graduated, it's been hard work but it shows there is a possibility of a chance of normal (ish) life after a diagnosis (or two) of ASD. It's not been the easiest route but I am so glad I ignored everything and everyone and did my own therapies with them.
Eldests' EDS diagnosis 4.5.10, mine 13.1.11 eekk - now having fun and games as a wheelchair user.0 -
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For my parents, paying off their mortgage when dad got his compensation was a godsend in later years when he got made redundant for a short time and then had to take a lower paid job and start at the bottom again.
At least then, my parents didn't have to worry about finding money for a mortgage or rent and their house was not at risk with 3 young children.
Mind you, my parents have never been risk takers so would not have invested their money elsewhere...it would have been gradually spent over the years on little treats (or big treats if dad managed to go shopping without mum! :rotfl:)
Yes it's very much horses for coursesChuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
The_White_Horse wrote: »what's this ipad rubbish all about??????????
I do remember my granda saying to me 'the weather didn't used to be this bad until they started putting those planes up in the sky'Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
vivatifosi wrote: »My granddad was a footballer for a then major club in the pre-Matthews days and his win bonus was a chicken, so I doubt he would recognise anything of the world today.
I think most footballers still get a "roast" if they win (an altogether different one to what your granddad got).
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Blacklight wrote: »Which is as meaningless as saying out of the £3,923bn worth of housing in the UK, every adult owns £81,000. Or holds assets worth 3.5x average wages.
According to you there's no need to do anything about poverty and nobody has cause to be on benefits. It's all lies. They could just sell up.
Well done.
You should go into politics.
You are having a go at me but these numbers are cut and paste from the BestAdvice website (link given).
The point I made was that there is a world of difference between £30k secured and £30k unsecured debt. If house prices go down (as seems inevitable) a huge number of people will be plunged into negative equity. When that happens they cannot just 'sell up'. They will be trapped in negative equity. This might explain why so many people want to sell at the moment and so few want to buy.0 -
My grandparents are long dead but my parents are in their early 70s. My mum was once shocked that the son of a neighbour had gone overdrawn by a few pounds...0
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I don't think it is good advice at all - what's the point in paying interest you don't have to? Isn't really logical to say that you shouldn't pay it off because it is cheaper than a loan.
My mortgage is 1.45% at the moment, my cash ISA's are between 3.5 and 6.5%, not rocket science is it? I actually paid off most of my mortgage when BR was over 5.5% I am regretting it now
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
You are having a go at me but these numbers are cut and paste from the BestAdvice website (link given).
The point I made was that there is a world of difference between £30k secured and £30k unsecured debt. If house prices go down (as seems inevitable) a huge number of people will be plunged into negative equity. When that happens they cannot just 'sell up'. They will be trapped in negative equity. This might explain why so many people want to sell at the moment and so few want to buy.
Oh right, you could have just said "When the average house price falls from £170k to £50k (as seems inevitable) the 6 million households that have borrowed money in recent years will owe up to 70% more to the banks than their house is worth."
That would have made you sound slightly unhinged though.0 -
So there`s scum in every class?
Not just benefit recipients.vivatifosi wrote: »I think you'll find that there were no benefits then, which is why people had to do moonlight flits. My family then as now were working class and back then lived a hand to mouth existence.
This is a debating board, not a bile spewing board. Perhaps you should remember that when attacking other posters. It makes you look childish and incapable of structuring a sound argument.
viva, anyone who knows this board knows what a lovely person you are and will hold such comments and their author in contempt.0
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