BOE in rate shocker

chucky

Graham_Devon wrote: »

However, you can sit there and smile when those suggesting debt is good

i've never actually seen any one say or even suggest on this site that debt is good.

you do like to make stuff to grab attention... well done :T

chucky

DervProf wrote: »

Another brilliant addition to the discussion by chucky.

:rotfl:did you really type that???

the stuff that you come out with and you question others discussions.

hipocryte (excuse me if you feel that's an insult because you seem to feel that if anyone criticises you it's an insult...)

RenovationMan

chucky wrote: »

i've never actually seen any one say or even suggest on this site that debt is good.

you do like to make stuff to grab attention... well done :T

I did! I think that the stuff you buy with debt can enhance your life and so that's good. It's preferable to save up, but that's not always possible, especially with something as expensive as a house.

I'm with DervProf that I wouldn't use debt to buy stuff that I could save for within a decent timeframe, though I have used 0% credit where available so that I can keep my savings at a higher level and help my credit rating tick over. I'm not with DervProf in that I abhore all debt, clearly with a mortgage as large as mine.

chucky

RenovationMan wrote: »

I'm not with DervProf in that I abhore all debt, clearly with a mortgage as large as mine.

of course debt is good, it's a means to an end if it's managed. the usual suspects are trying to insinuate that people are encouraging people to get into more debt as part of some sort of a pyramid scheme. these people either don't know how to read or aren't very bright.

i guess Dervprof should go back to the middle ages instead of trying to victimise you because you've been successful in playing the interest rates vs mortgage in your favour....

RenovationMan

chucky wrote: »

i guess he should go back to the middle ages instead of trying to victimise you because you've been successful in playing the interest rates vs mortgage in your favour....

Well he seems to be leaving me alone at the moment and so I don't really want to rock that particular boat.

The interest rate gamble seems to be paying off better than I thought, which is a good thing because my renovations have gone over budget and over time. We are finally getting to the end of 'part 1' and I'm then going to settle down and let my finances recover. Needless to say that the longer rates stay low, the quicker I will be able to rebuild my finances.

shortchanged_2

RenovationMan wrote: »

The interest rate gamble seems to be paying off better than I thought, which is a good thing because my renovations have gone over budget and over time. We are finally getting to the end of 'part 1' and I'm then going to settle down and let my finances recover. Needless to say that the longer rates stay low, the quicker I will be able to rebuild my finances.

Well there you are, you admit it's a gamble and as I've said before it's more luck than judgement.

So when you say you need to rebuild your finances, does this mean you are taking out further debt to do the job?

chucky

RenovationMan wrote: »

Well he seems to be leaving me alone at the moment

you speak to soon... he's onto you again

shortchanged_2

chucky wrote: »

you speak to soon... he's onto you again

Are you saying I'm like a bad smell chucky?
Because your internet trail doesn't smell too hot either.

DervProf

Shortly after I posted this.......

DervProf wrote: »

BTW. It may seem that I am opposed to any kind of debt, the fact is that I am not. Personally, I would, and indeed have borrowed money to buy a house and buy a car. The only time I would borrow money for anything else would be in an emergency (say a boiler or roof replacement), if I had not got the money saved. Borrowing for "luxuries", such as large screen TVs, conservatories, holidays etc would not be something that I would consider. I would save up for those things. If I couldn't save for them, I wouldn't buy them.

This......

RenovationMan wrote: »

I'm not with DervProf in that I abhore all debt, clearly with a mortgage as large as mine.

I'll leave you well alone, so long as you at least try to make your posts reasonably accurate. You make all sorts of claims about me (using sockies, not posting when you are not around, that I abhore all debt etc). Check the facts before you type, then you'll find that you won't feel that I'm having a go at you, which I am not. Just correcting your obvious mistakes, that is all.

RenovationMan

DervProf wrote: »

I'll leave you well alone, so long as you at least try to make your posts reasonably accurate. You make all sorts of claims about me (using sockies, not posting when you are not around, that I abhore all debt etc). Check the facts before you type, then you'll find that you won't feel that I'm having a go at you, which I am not. Just correcting your obvious mistakes, that is all.

Sounds like you're threatening me DervProf. Should I be scared?

I deleted a lot of my personal stuff on the strength of your stalking and your, shall we say, 'friends'. So I guess I must be scared of you, huh?