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Debate House Prices
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April Inflation. CPI 4.5% & RPI 5.2%
Comments
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Having a large mortgage now qualifies someone as a moral bankrupt? That's a movement of the goalposts - I thought we reserved that status for BTL owners.
No, having a large mortgage, and arguing the case for continued low IRs (even though you could probably afford higher rates) might be seen as being slighly morally bankrupt.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
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No, having a large mortgage, and arguing the case for continued low IRs (even though you could probably afford higher rates) might be seen as being slighly morally bankrupt.
Its no more "morally bankrupt" than those arguing for greater interest rates for their savings, regardless of how it impacts those with mortgages.0 -
No, having a large mortgage, and arguing the case for continued low IRs (even though you could probably afford higher rates) might be seen as being slighly morally bankrupt.
I think it's possible to argue that low rates may stimulate the economy. The size of one's mortgage or a moral dimension seems to have little place in the economic argument.
Paying more for something just because you could afford to isn't taking the moral highground - it's just silly.0 -
Its no more "morally bankrupt" than those arguing for greater interest rates for their savings, regardless of how it impacts those with mortgages.
Thats not strictly true, yes it would be morally banrupt to want IR at 20% as you only have savings, but is it wrong to ask for IR's at 4-5% which will help the savers and get the mortgage payers paying what they normally would.
I am screwed eitherway, my savings aren't going very far to which when they get big enough I will get a mortgage which will see no benefit of said low IR's.
With that it will elad to a home to which I can then start a family, so all is good :jHave my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
they either have no, or small mortgages
Are we really meant to be overwhelmed with sympathy for people with no debts.
Good on them if they have managed their money well, but I don't think the economy should be arranged around their needs quite frankly.My retired parents are seeing low returns on their savings.
Have you considered suggesting alternatives?
What about inflation linked NSI savings certificates?
Presumably their choice of savings is their own? and hence they should accept some responsibility for that decision.0 -
RenovationMan wrote: »I think all the 'morally bankrupt' stuff is a load of balony anyway because whatever you want/wish for is inconsequential. Things will play out the way they play out, regardless of what you want. You can either sit on an obscure internet forum and bleat about how unfair it all is, or you play the system at its own game.
The problem is the system, as it has advantaged those who owe rather than those who create.
Why is it wrong to enforce labour when it is ok to take labour that someone has already given?0 -
Are we really meant to be overwhelmed with sympathy for people with no debts.
Good on them if they have managed their money well, but I don't think the economy should be arranged around their needs quite frankly.
Have you considered suggesting alternatives?
What about inflation linked NSI savings certificates?
Presumably their choice of savings is their own? and hence they should accept some responsibility for that decision.
Nor should it be arranged around the needs of the !!!!less who have borrowed way beyond their means!0 -
Are we really meant to be overwhelmed with sympathy for people with no debts.
Good on them if they have managed their money well, but I don't think the economy should be arranged around their needs quite frankly.
No, it must be a better idea to arrange the economy around those who spend tomorrow's wages today. What could possibly go wrong ?30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
RenovationMan wrote: »You can either sit on an obscure internet forum and bleat about how unfair it all is, or you play the system at its own game.
And sit on an obscure internet forum, telling other how "clever" you have been ?30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0
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