My Interest rate gamble pays off again!

chewmylegoff

RenovationMan wrote: »

I'd be interested in how many people would say they were 'bulls'. I know you've called me that in the past and called yourself a bear. I've never described myself as a Bull, it's ridiculous.

I'm currently indifferent about the housing market, I'm bullish about interest rates and I'm undecided about the immediate future of the stockmarket.

THAT'S the real definition of 'bear' and 'bull'. It's a state of mind at a particular point of time, not a lifetime membership of a club.

I am neither housing bull nor bear, I am a housing honey badger.

DervProf

Graham_Devon wrote: »

As dervprof suggests....financially astute would be buying what you can afford?

Be prepared for the argument "well, what you are paying in rental for the proportion of the house that you are not buying would easily cover the mortgage".

moneyinmypocket

When will you buy graham? What point in the market are you waiting for?

undetterred

DervProf wrote: »

Be prepared for the argument "well, what you are paying in rental for the proportion of the house that you are not buying would easily cover the mortgage".

Are you and grayham an item?you always jump to his defense.

chewmylegoff

undetterred wrote: »

Are you and grayham an item?you always jump to his defense.

What does that make you? Graham's bitter ex?

DervProf

undetterred wrote: »

Are you and grayham an item?you always jump to his defense.

I suppose an inaccurate statement like that is to be expected after I dismantled your ill thought out attack on him.

I'll answer your comments anyway -

No, and not always.

GD seems to be a fairly reasonable poster, who often gets "attention" from some of the more bullish members of this forum. If agreeing with him or supporting his arguments from time to time is a crime, then I suppose I'm guilty.

wotsthat

Graham_Devon wrote: »

As dervprof suggests....financially astute would be buying what you can afford?

If someone can only afford half a house because of previous financial mistakes then maybe they're reaping the results of not being financially astute in the first place.

nollag2006

wotsthat wrote: »

If someone can only afford half a house because of previous financial mistakes then maybe they're reaping the results of not being financially astute in the first place.

Devon ... does it ever male you wonder?

RenovationMan

wotsthat wrote: »

If someone can only afford half a house because of previous financial mistakes then maybe they're reaping the results of not being financially astute in the first place.

Or, to be fair, learning from their previous mistakes.

Whether a decision is financial astute or a financial disaster has a lot to do with timing. If someone entered into a house share in 2006/2007 at peak price and just prior to a crash, then one would struggle to find any astuteness. If someone entered into a house share in 2001 just before a boom, then it could be described as astute.

Timing is everything.

Percy1983

RenovationMan wrote: »

Or, to be fair, learning from their previous mistakes.

Whether a decision is financial astute or a financial disaster has a lot to do with timing. If someone entered into a house share in 2006/2007 at peak price and just prior to a crash, then one would struggle to find any astuteness. If someone entered into a house share in 2001 just before a boom, then it could be described as astute.

Timing is everything.

This is very true, we had a lot of luck with timing, the funny thing was we had debts between us and in the time we paid them all off houses dropped for around we had paid off debts in the same time, so strangley if we had not run up debts and bought earlier we would now be at a similar point financially but with less belongings.

As said that was pure luck.