Save 16k in a year by doing nothing*

RenovationMan

Joeskeppi wrote: »

Where you've gone wrong here is trying to make sense of one of the silly little sound bites that have formed the staple argument of certain posters.

Its interesting, at least for me, to try to analyse what lies behind this sort of namecalling. I've been called this since I first arrived and was a bit taken aback to be honest. I'm assuming we're all working class people on here, I cant imagine too many landed gentry logging on, so surely all of us have to borrow money in order to fund a house purchase?

Surely then, the same people who level the 'debt junkie' accusation at me today, will be the debt junkies of tomorrow when they buy their own house via a mortgage?

I think your right, I just cant make sense of it.

JonnyBravo

Graham_Devon wrote: »

LOL it wasn't aimed at anyone in particular.

Was just playing.

Oh my aching sides. If only I could stop "LOL"ing. :roll eyes:

You really "LOL"ed at your own joke eh Graham?
Have you got cabin fever? Too much time locked up in your flat?
(Sorry, as the nutters on here like to point out, the banks flat)

Graham_Devon

JonnyBravo wrote: »

Have you got cabin fever? Too much time locked up in your flat?
(Sorry, as the nutters on here like to point out, the banks flat)

Very nice attempt at an insult!

But I don't have a flat

And rennovation. Have you indebted yourself too much? No. So why take it so personally when it A) wasn't aimed at you and doesn't even include you?!

There is a sligth difference between someone who has knowingly indebted themselves far too much, and someone with a mortgage. I expect the usuals to jump in on the bandwagon, but not for rennovation to take it all so personally as if the post was directed at him.

PasturesNew

Going up £16k in a year is too much.
Going down £16k in a year isn't enough.

I'd like to see a swift £100k off the lot, so I can buy something out of my league... and bring down the house prices of toffs when they see me move in

Wookster

Graham_Devon wrote: »

I'm not going to comment. This will do...

Easiest payrise I've got

And before ISTL/ spamish mctavish pipe in, I don't care what house prices do in 10 years from now, anyone who can say with certainty what they will do is talking out of their proverbial rear end.

I do, on the other hand care about what happens over the next 2-4 years and not much upward pressure on prices from where I stand.

IveSeenTheLight

Wookster wrote: »

Easiest payrise I've got

And before ISTL/ spamish mctavish pipe in, I don't care what house prices do in 10 years from now, anyone who can say with certainty what they will do is talking out of their proverbial rear end.

I do, on the other hand care about what happens over the next 2-4 years and not much upward pressure on prices from where I stand.

Your right no one can say anything for certain, including your 2-4 years quote

We'll see what happens, I predicted a stagnant market for 2010 (I think Hamish did too).
I think it will be pretty similar in 2011.
After that, we'll see.

RenovationMan

Graham_Devon wrote: »

And rennovation. Have you indebted yourself too much? No. So why take it so personally when it A) wasn't aimed at you and doesn't even include you?!

I didnt take it personally, I asked you which debt monkeys you were referring to. All you needed to say was 'not you', which you have now, thanks.

As a quiet observation, it might be better in future if you leave the name calling to the nastier elements of the board, it doesnt reflect well on someone I consider to be a decent bloke.

Sibley

OK, you think your saving 16 grand.

A 2 bedroom house in most of Kent will cost roughly £600 a month. That's £7,200 of dead money a year.

Add another year of that and it takes you to nearly 16 grand.

By that time houses will have made up whatever they lost.

Your landlords paid 2 years off his mortgage with your money and your the one who is 16 grand down.

Oh, and your rent will increase. Yeah great strategy.:rotfl:

lisyloo

and so would those who own property and think house prices will fall

Don't be ridiculous !!

I have my dream home in a lovely area with loevly neighbours, close to good road and rail connections.
Why would I chance loosing that for £16K? and that doesn't take into account transaction costs (which are pretty high on large houses).

I do think price will fall but I for one am not selling my dream home to take the chance of cashing in.
BTW - some people did try that in 2001 and now they are crying into their beer.
No-one in their right mind would spculate with their family home.

If you're single and don't have a spectacular home, then go ahead, but it's still speculating.

chucky

lisyloo wrote: »

Don't be ridiculous !!

the sarcasm didn't come across very well on an internet forum, did it.

you best tell your message to the OP - he owns half a [STRIKE]flat[/STRIKE] house and claims to be able to save £16k.