Cash-strapped families switch £60bn-worth of mortgages to interest-only

DervProf

chucky wrote: »

no because i've explained why.

you believe them because they fit your mind set and according to you anyone that has a large mortgage has switched to I/O and is struggling financially

You think I believe them. I actually think that their figures are probably inaccurate, like a lot of the "facts" that we read in the press.

You think that I think that anyone who has a large mortgage has switched to IO bacause they are struggling. I didn't even suggest it.

You also think I'm "desperate".

It seems that some of your thinking is "floored".

chucky

DervProf wrote: »

I actually think that their figures are probably inaccurate

so you've backtracked all the way back from questioning me for criticising the numbers to now actually agreeing that they 'are probably inaccurate' and agreeing with me all along. well done.

DervProf wrote: »

You also think I'm "desperate"

for attention, yes.

DervProf wrote: »

It seems that some of your thinking is "floored".

it's actually flawed, but anyway you've proved my point...

DervProf

chucky wrote: »

for attention, yes

it's actually flawed, but anyway you've proved my point...

Maybe you need to pay more attention.........

chucky wrote: »

that's lovely but little to do with the floored point that it is all about the price

I virtually spelled it out for you too, with the

And not forgetting the quotes around floored.

DervProf

chucky wrote: »

so you've backtracked all the way back from questioning me for criticising the numbers to now actually agreeing that they 'are probably inaccurate' and agreeing with me all along. well done.

Erm, no.

While I would question the absolute accuracy of the figures, they don't seem to be too "far fetched". If you are totally dismissing the figures, because they don't "add up" (the average size of the IO mortgages that have been taken out since 2007, being larger than the overall size of all mortgages), then I would disagree with you, and I have stated a few reasons why they can be believed.

So, I agree that the figures might not be absolutely accurate (they came from "sources"), but they are believable, and therefore I would not say that they must be wrong. I think they are probably correct, but I wouldn't state that they certainly are.

And again, I do not think that anyone who has a large mortgage has switched to IO. You'd like me to think or say that, so as to discredit me. By coming out with such false allegations only discredits yourself. I might look at things from a bearish viewpoint, but that doesn't mean that everything I say or think is wrong (or right, for that matter).