House prices by 2015

chucky

Graham_Devon wrote: »

It DOES matter when bankrupcies and crisis enquries are going up.

Why can you not see that!? It doesn't matter what type of debt it is, MORE people, are hiting crisis point every year.

only stupid people would think that after going through the worst economic crisis since the 2nd World War that bankruptcies would actually go down.

Graham_Devon

chucky wrote: »

only stupid people would think that after going through the worst economic crisis since the 2nd World War that bankruptcies would actually go down.

Only moronic people would ignore the fact bankrupcies have been rising since 1999. WAY before the crash.

Can you do me a favour? Please, stop trying to call me stupid after every post I write. I'm happy to debate with you, but this is getting annoying as you don't have any argument, or any opinion, just bile.

chucky

Graham_Devon wrote: »

Only moronic people would ignore the fact bankrupcies have been rising since 1999. WAY before the crash.

Can you do me a favour? Please, stop trying to call me stupid after every post I write. I'm happy to debate with you, but this is getting annoying as you don't have any argument, or any opinion, just bile.

do you a favour? no thanks

i've done the debating with you, it got now where. i debate with people that debate back. i'd rather laugh at the stupid stuff you post.

chucknorris

Graham_Devon wrote: »

This, is what ALL of these people who think debt is good, ARE doing.

This, is the beautiful irony of it all.

There is nothing ironic about it at all. Managable debt can be very good if it facilitates what you need/want. Obviously at some point in the future it can be advantageous to later pay off that debt. Even the person you seem to be agreeing with is saying that is exactly what he intends to do!

Graham_Devon

chucknorris wrote: »

There is nothing ironic about it at all. Managable debt can be very good if it facilitates what you need/want. Obviously at some point in the future it can be advantageous to later pay off that debt. Even the person you seem to be agreeing with is saying that is exactly what he intends to do!

He's not trying to suggest debt = good.

chucknorris

Graham_Devon wrote: »

He's not trying to suggest debt = good.

So if it is bad why is he going to place himself into debt? The answer is that he will be in a BETTER position than not doing so.

I'm not saying all debt is good, what I am saying is that well thought out managable debt can be the better option at a particular point in time.

HAMISH_MCTAVISH

When taking on debt is financially advantageous to the alternative, then debt is good.

Simple as that.

Buying versus renting equations are usually a good example. Business investment is another.

It's also entirely possible for an individual to make a rational decision to use debt to further themselves, for example to pay for education, or indeed to improve their lifestyle within reason, such as building an extension to expand a family, or to buy a new car for commuting to work more safely or reliably.

Where debt is not good, is when it's used out of desperation, such as to keep living beyond your means.

It's blindingly obvious that debt is not necessarily a bad thing, yet remarkably some people insist on arguing the point.

ukcarper

Graham_Devon wrote: »

It DOES matter when bankrupcies and crisis enquries are going up.

Why can you not see that!? It doesn't matter what type of debt it is, MORE people, are hiting crisis point every year.

What is not to understand about this? I really don't get how someone can suggest debt rising isn't really an issue when more and more people are drowing under it, in real terms and as percentage terms.

I give up now. Because there really is nothing left to say. This is all about how people want to view it personally. And thats cool with me. Figures back up my thoughts.

Doesn't matter about you PERSONAL debt situation. What matters if the numbers of people in trouble is increasing, regardless of any hypothetical good examples you wish to talk about.

Of coarse it matters that people are going bankrupt and running into difficulties but that is not solely to do with the amount of debt as my example shows you can service a debt of twice your income quite easily. Like you I don’t think it is wise to keep extending your mortgage to pay for cars or holidays or maxing out your credit card for similar things. But although there are definitely people who have done those things I don’t think the majority of mortgage owners have mewed to that extent.

ukcarper

Jimmy_31 wrote: »

Wow, seriously, debt can now be looked at as good, no debt is good however way you look at it. Once i buy a home im going to be overpaying the mortgage to get rid of that DEBT as fast as possible so i am once again DEBT free.

It's obvoulsy better to be debt free but if you don't take on any you won't be able to buy the house will you.

Lets take another example I believe Graham needs his car for work if his car engine blows up and he needs to borrow £1000 to repair it would it be better if he borrowed the money or lost his job.

Graham_Devon

ukcarper wrote: »

It's obvoulsy better to be debt free but if you don't take on any you won't be able to buy the house will you.

Lets take another example I believe Graham needs his car for work if his car engine blows up and he needs to borrow £1000 to repair it would it be better if he borrowed the money or lost his job.

I think we've strayed quite some way from the actual point that was being talked about.

Yes, of course it would be advantageous to borrow to buy in that case, as in many cases.

But the point being made was, from a few pages back, where it seemed the answer to all current problems was more lending, allowing us to be wealthy again. I don't believe that is the case, believe we have enough problems as it is, hence the figures etc.

Not sure what the argument is anymore though