Savers should be rewarded.

leveller2911

Heyman wrote: »

What a load of rabble-rousing guff. Believe it or not, Mortgage holders such as myself do actually have savings as well, not like your West Side Story world of the Savers vs. Debtors.

I don't see anyone calling savers parasites but I DO see a lot of moaning and whinging about the returns on offer for doing nothing with your money but leaving it in a bank account.

Hmmm, maybe just maybe that's why you get 'very little sympathy'.

But are'nt you benefiting from Low interest rates for your mortgage;) At least your winning on one side..

Graham_Devon

Heyman wrote: »

What a load of rabble-rousing guff. Believe it or not, Mortgage holders such as myself do actually have savings as well, not like your West Side Story world of the Savers vs. Debtors.

I don't see anyone calling savers parasites but I DO see a lot of moaning and whinging about the returns on offer for doing nothing with your money but leaving it in a bank account.

Hmmm, maybe just maybe that's why you get 'very little sympathy'.

Open your eyes then.

Speak to me julie.

Heyman_2

a) julie (I assume you mean q?) is one person, not 'a few people'

b) I believe she was responding to, and I'm self quoting here, 'moaning and whinging about the returns on offer for doing nothing with your money but leaving it in a bank account.'. And a pretty good response it was too, not the kind of emotive nonsense in this OP!

c) not a case of opening my eyes, I don't spend all my waking life on this forum like some people!

Graham_Devon

Heyman wrote: »

a) julie (I assume you mean q?) is one person, not 'a few people'

Are thanks not a way of supporting the view then?

Heyman_2

Graham_Devon wrote: »

Are thanks not a way of supporting the view then?

Yep. Still not 'a few people' calling other people parasites though is it? Just because someone thanks a post doesn't mean they agree with all of it. I've thanked a few posts because I find them funny, or there's just one good point in amongst all the waffle.

Hell, I thanked one of your posts the other day!

whatyadoinsucka

leveller2911 wrote: »

But are'nt you benefiting from Low interest rates for your mortgage;) At least your winning on one side..

yes, but its not winning or losing, we are all in different stages of our lives.. most people would want to be mortgage free.
If i was 60 now, i'd more than likely be.

on the whole anyone who is on a very low base rate, is likely to be cash rich and imho damn stupid if they are not lowering their mortgage balance for the bad times ahead..

its not just the bankers who wrecked this economy
the house market has wrecked this economy and created the debt cycle we are all now in..

how can a house be worth double/triple/quadruple within only a few years when salaries haven't risen in line

10 years ago an average graduate salary in yorkshire was £12-13k
a two bed terrace use to be around the £30k-£40k mark

now a graduate salary is £16-18k same house at least £95-£150k

leveller2911

whatyadoinsucka wrote: »

yes, but its not winning or losing, we are all in different stages of our lives.. most people would want to be mortgage free.
If i was 60 now, i'd more than likely be.

on the whole anyone who is on a very low base rate, is likely to be cash rich and imho damn stupid if they are not lowering their mortgage balance for the bad times ahead..

its not just the bankers who wrecked this economy
the house market has wrecked this economy and created the debt cycle we are all now in..

how can a house be worth double/triple/quadruple within only a few years when salaries haven't risen in line

10 years ago an average graduate salary in yorkshire was £12-13k
a two bed terrace use to be around the £30k-£40k mark

now a graduate salary is £16-18k same house at least £95-£150k

I totally agree with you, my point is I, like many others didn't play the game , we knew the !!!!!! was gonna hit the fan but we are still paying the price for [EMAIL="f@ckless"]f@ckless[/EMAIL] morons who did.......

Bitter & twisted? yep damn right I am, mine and my childrens future has been f*cked through no fault of my own.

whatyadoinsucka

leveller2911 wrote: »

Bitter & twisted? yep damn right I am, mine and my childrens future has been f*cked through no fault of my own.

yeah but if you own a house it is still heavily overpriced..
so yes you earn low interest, but if you were to sell up you'd raise a far higher capital sum, from the housing market, that i paying low interest rates may never see when i come to sell my house

headcone

Generali wrote: »

In the C19th when runs on banks used to happen, there were ways of slowing things down.

Opening hours would be cut.

Then there was the simple conversation, "I'd like to close my account".
"Certainly Sir, would you like the cash in ha'pennies or pennies?"

The banks would look to buy time and use it to raise assets to pay off more savers. The more savers were repaid, the less the panic. After all you can only spend so long in a bank queue before you have to get back to work.

Typical Banker arrogance.

Your time awaits you.

DervProf

whatyadoinsucka wrote: »

ok, are you happy with
"by overpaying i will have saved over half on my mortgage total repayment"

Nice one. The sooner you pay off your mortgage, the better in my opinion.