CityAM - Big mortgage borrowers rejoice, savers and renters getting hammered

geneer

RenovationMan wrote: »

Congrats mbga. If people don't like the current financial situation, then instead of waiting in vain for it to change (and moaning on forums about it) they could simply do what both of us have done and buy dream homes.

In several years in the future both you and I will look back at this financial crisis and be able to say "Well, I didn't have a had in creating that mess but I damned well made the best of it".

chortle. yeah rm. im sure your adopted mantra of "buy asap regardless of the economic circumstances" had nothing to do with the financial meltdown.

naturally theres a lot of people making the best of it buy buying after peak bubble prices. and they really will be able to honestly crow as you suggest.

still,at least youre aknowledging the dumb luck factor in your posturing. theres a lot of clowns tried to take credit for the emergency measures resulting from the economic collapse they utterly failed to see coming. which of course was far too easy to rip the pizzle out of.

geneer

Conrad wrote: »

The subliminal message I get from this thread is that those that were oh so puritanically cautious and expecting to be rewarded for such, are now pretty peeved that the risk takers (people who just got on with the business of living without some grand plan in mind) are benefiting from the current interest rate landscape.

My message to the new puritan is this; Go forward, you too will benefit in the long run, stop trying to be so clever, stop trying to time the market, do not let money and penny pinching be your God, just go ahead and cast your nets, for one day they will be brimming with sprats.

not really your message though is it conrad. just a regurgitation of the latest bull collective meme. its a fallacious fallback position thats been coalessing since oh around 2008.

but hey we get it. you lost the house crash argument. so fabricate an alternate position around whats essentially a d@ck swinging contest.

cos as renovationlad has figured out as far as the bigger picture goes you deserve all the kudos and intellectual acclaim of paul the octopus.

mbga9pgf

Conrad wrote: »

The subliminal message I get from this thread is that those that were oh so puritanically cautious and expecting to be rewarded for such, are now pretty peeved that the risk takers (people who just got on with the business of living without some grand plan in mind) are benefiting from the current interest rate landscape.

My message to the new puritan is this; Go forward, you too will benefit in the long run, stop trying to be so clever, stop trying to time the market, do not let money and penny pinching be your God, just go ahead and cast your nets, for one day they will be brimming with sprats.

You might want to check my posting history. I got what I predicted. The thing was, I wasnt greedy enough to expect 50% off. I wanted 30% off and thats what I got.

RenovationMan

geneer wrote: »

chortle. yeah rm. im sure your adopted mantra of "buy asap regardless of the economic circumstances" had nothing to do with the financial meltdown.

naturally theres a lot of people making the best of it buy buying after peak bubble prices. and they really will be able to honestly crow as you suggest.

still,at least youre aknowledging the dumb luck factor in your posturing. theres a lot of clowns tried to take credit for the emergency measures resulting from the economic collapse they utterly failed to see coming. which of course was far too easy to rip the pizzle out of.

Dear me, what complete gibbersih. You need to stay off the amphetamines.

geneer

RenovationMan wrote: »

Dear me, what complete gibbersih. You need to stay off the amphetamines.

oh what an excellent rebuttal.

to clarify for the hard of thinking.

your nonsensical attitude to just "buy whenever you can "is absolutely a big part of what caused the crisis.

the motivations behind your "im alright jack"crowing is painfully transparent.

low interest rates can of course benefit those who bought after peak too.


how much unwarranted credit do the bulls want for dumb "octopaul" style luck.
because given the grinding repetition of this meme on the forum id say rather a lot.

Thrugelmir

Kennyboy66 wrote: »

Since they have been cut to near zero people are both over-paying their mortgages and not increasing their debt.

If its a subliminal message to increase your debt, then where is the actual evidence ?

The correlation to low interest rates is low wage inflation. The longer the situation continues then it will be asset prices that will devalue.

RenovationMan

geneer wrote: »

oh what an excellent rebuttal.

to clarify for the hard of thinking.

your nonsensical attitude to just "buy whenever you can "is absolutely a big part of what caused the crisis.

the motivations behind your "im alright jack"crowing is painfully transparent.

low interest rates can of course benefit those who bought after peak too.


how much unwarranted credit do the bulls want for dumb "octopaul" style luck.
because given the grinding repetition of this meme on the forum id say rather a lot.

Again, totally uncontructed gibberish. Sorry, but your posts are so all over the place and random that all I can conclude (seriously) is that you are a regular who is disguising their real identity by typing this way, you are 13 and know no better or you are on medication, either prescription or street and off with the faeries.

geneer

RenovationMan wrote: »

Again, totally uncontructed gibberish. Sorry, but your posts are so all over the place and random that all I can conclude (seriously) is that you are a regular who is disguising their real identity by typing this way, you are 13 and know no better or you are on medication, either prescription or street and off with the faeries.

again with a dversionary dummy spitting smoke screen.
your utter lack of a relevant response rather suggests that you just aint got one.:rotfl:

RenovationMan

geneer wrote: »

your utter lack of a relevant response rather suggests that you just aint got one.:rotfl:

I think this is clearly applicable more to yourself than anyone else on this forum.

geneer

RenovationMan wrote: »

I think this is clearly applicable more to yourself than anyone else on this forum.

pow. what a zinger.
and heres me thinking you would react well to being called out as deluded about your complicity in the financial meltdown and your unwarranted crowing about thoughtlessly benefiting from emergency base rates you never saw coming and that when you get down to it actualy assist bulls and bears alike.

just so we're clear like.