Debate House Prices


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Some people's whole self worth and indentity is tied up in their over indebted house

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Comments

  • Sibley
    Sibley Posts: 1,557 Forumite
    Ninth Anniversary Combo Breaker
    I have to say with head bowed with shame i agree, when i took the p*** out of Sibley it was done with the attitude of "he who lives by the sword dies by the sword". The old saying of two wrongs do not make a right is very apt for my behaviour.

    I was going to later make the point to Sibley about him saying that some people were just being ignorant and not understanding, true or not i found that a bit rich coming from him.

    But anyway, you are right in the point you are making, and i hold in shame for taking easy shots.:embarasse


    Hey, come on. Don't worry about it.
    I am also a believer in he who lives by the sword. :)

    I don't take anything to heart the same as I hope you don't.

    I enjoy the banter to be honest.
    We love Sarah O Grady
  • Coeus
    Coeus Posts: 292 Forumite
    Awww bit of Bromance going on in this thread :)
    Hope For The Best, Plan For The Worst
  • DervProf
    DervProf Posts: 4,035 Forumite
    Coeus wrote: »
    Awww bit of Bromance going on in this thread :)

    I doubt it'll last.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    edited 15 March 2011 at 4:59PM
    The_Fox wrote: »


    there are huge numbers out there that are frightened to death(no, not all) who are so indebted mainly due to there desire to own property

    The only thing that makes all this debt slavery make sense is the little equity some have made,


    They temper competing emmotions. On the one hand fear of failure with a large mortgage, on the other fear of not having the temperament to push themselves with said mortgage and one day enjoy a greater asset pool than they otherwise would have.

    Many view their God given free equity growth as a resource to be plundered and put to work. Why sit on free pennies from heaven equity build up, that wasn't earned in the first place, when you could borrow at tidy rates and re - invest
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