We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
BOE in rate shocker
Comments
-
it's funny that he's not the only one that has done it; to name one mbga also did the same making the most of low rates, he tells everyone about it all the time but you and the rest of your numpties are quite selective who you pursue and don't seem to be so obsessed with chasing him around the forum.shortchanged wrote: »Well it's RenovationMan who feels he has to divulge all his personal finances on an internet forum.
As far as I know this is a debate and advice forum but all RenovationMan can do is[STRIKE] boast [/STRIKE]bleat on about how great low interest rates are for his mammoth project and how they are saving his as*.
good luck to mbga and renovation man, they're both big and ugly enough to make their own decisions - be they good or bad for them.0 -
shortchanged wrote: »Maybe it's something to do with the fact that he continually celebrates low interest rates helping to service his massive [STRIKE]gamble[/STRIKE] debt.
Instead of looking at the bigger picture for the UK in that all continued low interest rates do is highlight the sh** state of the UK economy.
Why does it matter so strongly to you? What impact does my massive [STRIKE]gamble[/STRIKE] debt have on you personally or indeed on the country in general?0 -
shortchanged wrote: »Well it's RenovationMan who feels he has to divulge all his personal finances on an internet forum.
As far as I know this is a debate and advice forum but all RenovationMan can do is[STRIKE] boast [/STRIKE]bleat on about how great low interest rates are for his mammoth project and how they are saving his as*.
But why do you care so much?This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
shortchanged wrote: »Well it's RenovationMan who feels he has to divulge all his personal finances on an internet forum.
As far as I know this is a debate and advice forum but all RenovationMan can do is[STRIKE] boast [/STRIKE]bleat on about how great low interest rates are for his mammoth project and how they are saving his as*.
As DervProf has said many times on this forum, if someone asks you a question about your finances, then you answer it. When I first came onto this board from the MFW board, Generali asked if I were a hedge fund manager because my signature showed that I had dropped my mortgage debt by £30k in a month. I told him my MFW goal and provided further info to others who asked. I recall that you told me I was a liar and so I scanned my mortgage letters (with name & address blanked) to prove my overpayment amounts. Since then, you and others have followed me around this board bleating about my debt, almost as though you are the one who has to service it.
So, why don't you tell us all. If it's not some sort of strange jealousy (as a couple of people have suggested on here), then what is it? Why do you have a problem with people divulging bits of financial information on this financially related forum, why do you have an issue with me in particular (I know of 1 regular who has a £600k mortgage free house and neverdespair girl mentioned she was buying a +£700k house a few months back).
Come on shortchanged, why?0 -
Do you really want to know why?
It's because people like yourself taking out massive loans on a gamble that helped fuel rampant HPI.
If there were less people like yourself who weren't so willing to gamble with their finances then I'm sure we would not be in the situation we are now where basically high house prices have really shafted this country and are continuing to keep it in the doldrums.0 -
i feel another ebreakdown for shortchanged...shortchanged wrote: »Do you really want to know why?
It's because people like yourself taking out massive loans on a gamble that helped fuel rampant HPI.
If there were less people like yourself who weren't so willing to gamble with their finances then I'm sure we would not be in the situation we are now where basically high house prices have really shafted this country and are continuing to keep it in the doldrums.
btw why don't you sell your house for 3 times the average local salary if you feel that strongly against HPI...0 -
shortchanged wrote: »Do you really want to know why?
It's because people like yourself taking out massive loans on a gamble that helped fuel rampant HPI.
If there were less people like yourself who weren't so willing to gamble with their finances then I'm sure we would not be in the situation we are now where basically high house prices have really shafted this country and are continuing to keep it in the doldrums.
I didn't take out a massive loan when we had rampant HPI, I was practically mortgage free and I had a lot of money in ISAs and my offset account. I took out a massive loan in May 2010 well after the credit crunch and housing crash when I was sick and tired of having no return on my savings.
I bought after rates hit 0.5% and I reasoned they were going to stay like that long-term. I therefore decided to buy a dream home and use up my savings. I currently have 43% equity, where is the gamble in that?
Now that you have seen the above, am I still to blame for the country's woe's?0 -
shortchanged wrote: »It's because people like yourself taking out massive loans on a gamble that helped fuel rampant HPI.
You have a strange definition of "massive loan" shortchanged.
Is 66.67% LTV "massive" in your book? Some people were taking out mortgages over 100% LTV at the height of the boom ya know...0 -
it's because you're classed as one of those bull types because you don't believe in house prices falling 40%, if it's not that then the usual suspects are probably just jealous you've done better than them...RenovationMan wrote: »Come on shortchanged, why?0 -
RenovationMan wrote: »I didn't take out a massive loan when we had rampant HPI, I was practically mortgage free and I had a lot of money in ISAs and my offset account. I took out a massive loan in May 2009 after the housing crash when I was sick and tired of having no return on my savings.
I bought after rates hit 0.5% and I reasoned they were going to stay like that long-term. I therefore decided to buy a dream home and use up my savings. I currently have 43% equity, where is the gamble in that?
Now that you have seen the above, am I still to blame for the country's woe's?
Fair enough and good luck to you, but you can't deny that your current purchase was a decision based on ultra low interest rates and you openly admit yourself it was a gamble.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards