Tragic case... "This website has failed"

CloudCuckooLand

HAMISH_MCTAVISH wrote: »

recovery deniers.

[IMG]http://www1.landregistry.gov.uk/houseprices/housepriceindex/report/default.asp?g=1&gt=1&a=E&W-ALL&s=01 August 2010&e=01 December 2010&t=1[/IMG]


Who, exactly, is in denial?

AD9898_2

RenovationMan wrote: »

Over Indebtedness seems to be your catchphrase of the moment, but can you define what it actually means mathematically?

Do you have an equation in mind that we could all apply to our own circumstances to see if we are underindebted, indebted or overindebted?

I'd be very interested in applying it to my own finances to see how I rank in the AD9898 indebtedness scale.

Thought it'd be easy, over indebtedness means the same for anyone I guess. If you are struggling to pay what you owe and a small change in your circumstances or policy change by the government/BoE means you would be unable to pay or your lifestyle takes a severe dip so you can pay those debts then I'd say you've taken on too much debt.

Not rocket science. The mortgage multiples of old seemed to do a pretty good job of keeping this in check. 3.5x one or 2.5x joint would have covered anyone wanting to take on a mortgage from almost all eventualities, it also had the benefit of not letting property prices get too far out of hand.

Look at the double digit IR's of the 90's, even at their highest only 70k homeowners got repossessed. If that kind of thing happened today I reckon half of all mortgage holders (5 million) would be in some kind of trouble.

So to summarise, over indebted means someone who has so much debt that a small change in circumstances would leave them in trouble, hope that's cleared it up for you.

geneer

HAMISH_MCTAVISH wrote: »

I've never met a member of the Nazi party, but I despise their ideologies....

:huh::shocked::lipsrseal:grin:

Ding ding ding. And todays winner of the "Godwins law" award is.....

geneer

StevieJ wrote: »

If you had bought in 2004 you might have a mortgage interest rate of less than 1.5%

Or like many of the bulltrolls on this forum you might claim to have an interest rate of 1.5%, but probably don't. :cool:

RenovationMan

Graham_Devon wrote: »

AD's description was directly about Hamish.

You asked if these people existed.

Now you are saying you didn't ask me, so I shouldn't answer, and you didn't ask anything about Hamish, though you did ask about AD's description (which was about Hamish).

Not sure what the crack is here. Think I may have stepped on the toes of some kinda situation between you and AD again though....this time, I didn't have any idea.

To recap..

Ad9898 posted:

AD9898 wrote: »

Think I'll coin a new phrase...... the boomaholic.

Definition - those who overstretched, lied on their mortgage form, over indebted, hope house prices don't fall and push them over the edge, hope one day the easy money will return so they can continue to sell bits of the UK to each for ever increasing prices.

Ladies & gentlemen....... I give you the Boomaholic.

I asked the question:

RenovationMan wrote: »

Do these people really exist?

Or is this 'Boomaholic' a term to describe the non-existent sample of society, created to bolster an argument without recourse to actual data and real-world examples?

And you responded with:

Graham_Devon wrote: »

When people are revelling over someone not buying, completely ignoring the fact that the only way that person would have been able to buy, is lie on a self certification mortgage.....yet they still keep pointing out "he missed out" and "he could have bought" and "it must be a bitter pill to swallow than you didnt buy"....yes. They exist.

This whole thread is based on a joyous sentiment that somoene on HPC has lost out. It completely ignores the fact that they would have had to have committed, what is, in law, fraud, by lying about his income, in order to buy.

But what does a bit of fraud matter!? LOL, the nutter lost out, haha, must be swallowing a bitter pill now, ha ha ha :T

There is ALWAYS an elephant Hamish consistently completely refuses to acknowledge in every one of his threads lately. Didn't used to be, you couldn't get round the bloke, he'd come up with everything in response to your questions. Not anymore, it's simple ignore, rinse and repeat.

Now could you please highlight in your response where it answers the question I posed about whether people "who overstretched, lied on their mortgage form, over indebted, hope house prices don't fall and push them over the edge, hope one day the easy money will return so they can continue to sell bits of the UK to each for ever increasing prices" really exist?

AD9898_2

CloudCuckooLand wrote: »

[IMG]http://www1.landregistry.gov.uk/houseprices/housepriceindex/report/default.asp?g=1&gt=1&a=E&W-ALL&s=01 August 2010&e=01 December 2010&t=1[/IMG]


Who, exactly, is in denial?

No stop, my sides are hurting.:D

System

geneer wrote: »

Or like many of the bulltrolls on this forum you might claim to have an interest rate of 1.5%, but probably don't. :cool:

Careful, G_D will pick you up for assuming a forum post is lying.

Graham_Devon

RenovationMan wrote: »

Now could you please highlight in your response where it answers the question I posed about whether people "who overstretched, lied on their mortgage form, over indebted, hope house prices don't fall and push them over the edge, hope one day the easy money will return so they can continue to sell bits of the UK to each for ever increasing prices" really exist?

You know what...I really can't be bothered.

You seem to be taking offence at literally anything lately. I'm not going to keep apologising to you when you take offence it seems to literally me answering a question and I get back "well I didn't ask you".

Can't be bothered tediously arguing with you to be honest. Most stuff is plain obvious on this forum. It doesn't need to be anything else, and arguing out the tiniest of details, even down to who answered what question, and whether it completely answered it, or there was something else in the post, is just mindnumbingly pathetic.

To answer your question fully, we'd have to start dissecting parts of individual posts, to show where this could all come from, and that's not something I wish to statrt doing just to answer your question.

I'd rather not argue with you at all, but it seems increasingly impossible with the nit picking.

Joeskeppi wrote: »

Careful, G_D will pick you up for assuming a forum post is lying.

And my point, about the nitpicking (not you renno), categorically proven.

geneer

Joeskeppi wrote: »

All I will say is there's a lot of outrage at the implication that people are being told they celebrate the economy burning and people being thrown out of homes, and these are the same people accusing Hamish of celebrating the OP, which he clearly isn't.

In fact anything that Hamish posts up, he is supposedly "celebrating", it's strange.

An example.
https://forums.moneysavingexpert.com/discussion/3057708

Oh look, Spamishes mini-mi is, yet again, rushing to his defence whilst simultaneously ignoring Spamishes own worst hypocritical excesses. So far so meh. Yawn.

You want to watch this one Spamish. He could well be the shadowy figure you keep seeing lurking at your window.

geneer

Sibley wrote: »

I don't think

Couldn't agree with you more.