My Interest rate gamble pays off again!

MFW_ASAP

Percy1983 wrote: »

As mentioned its the claiming luck as skill or the opposite of when people write off skill as luck which just annoys me.

Ah, now we're getting somewhere. I assume the issue you have with the OP is that he is claiming skill when he has been lucky. I'm not sure he has done that, but let's go with it....

Are you saying that when the OP decided to borrow as much as he possibly could on his mortgage, this was by chance rather than design? I.e. he didn't choose to max out his borrowings, he did it by lucky accident?

And that if was by accident, are you saying that he was lucky that the 'accident' occurred just when rates were low?

I'm just trying to get a grasp of what the OP did that you feel was lucky?

shortchanged_2

The OP took a gamble, it nearly paid off, it's just he was unlucky because his house wasn't worth as much as he was hoping for the remortgage purposes.

I'm not really sure why I thought he was a property price ramper.

chucky

shortchanged wrote: »

The OP took a gamble, it nearly paid off, it's just he was unlucky because his house wasn't worth as much as he was hoping for the remortgage purposes.

I'm not really sure why I thought he was a property price ramper.

Shortlegs, is this post true.

shortchanged wrote: »

FTB rates certainly are much lower now compared to what they were before the credit crunch.

sabretoothtigger

Why is the OP PPR or the other guy recently. Unless they come out with some hate speech, I cant really agree. Censorship will just encourage the puppets which is nonsense

The judgement or luck discussed is political. It is unprecedented so not really worthy of criticism, I'd side with anyone who fixes rates because they are reducing risk which is not the same as most profitable. Being less profitable doesnt make the original supposition incorrect. Consumers are copying the same logical fallacy banking institutions fell into, the winner takes it all is a mistake. Im certain in the end, less risk options will become clear as always best

I agree with the point about repayment vs interest only, if having a lower rate makes repayment of the loan far earlier possible this is also risk reduction

MFW_ASAP

shortchanged wrote: »

The OP took a gamble, it nearly paid off, it's just he was unlucky because his house wasn't worth as much as he was hoping for the remortgage purposes.

I'm not really sure why I thought he was a property price ramper.

How does paying down a mortgage make a house worth more?

How do you ramp property prices by reducing mortgage debt?

I'm sorry, but your statements make no sense. Are you just making things up?

Graham_Devon

MFW_ASAP wrote: »

How does paying down a mortgage make a house worth more?

How do you ramp property prices by reducing mortgage debt?

I'm sorry, but your statements make no sense. Are you just making things up?

Speaking as an outsider to this train crash, I can answer "not sure" to your first 2 points.

I can also state, however, that those are not the statements that shortchanged made or even implied.

So maybe your outgoing sentence wasn't best placed looking at your post.

MFW_ASAP

Graham_Devon wrote: »

I can also state, however, that those are not the statements that shortchanged made or even implied.

What are the statements that shortchanged made or even implied?

Graham_Devon wrote: »

Am I allowed to post, or would I be looking for a fight?

When things go badly are you going to go running off to the moderators again, crying about how mean people on here are to you?

Dribley

MFW_ASAP wrote: »

What are the statements that shortchanged made or even implied?



When things go badly are you going to go running off to the moderators again, crying about how mean people on here are to you?

Renoman, you're a very naughty boy.Are you trying for the record amount of duplicate posters to be PPR'd ?

ukcarper

Dribley wrote: »

Renoman, you're a very naughty boy.Are you trying for the record amount of duplicate posters to be PPR'd ?

I can't see why he keeps getting PPR'd perhaps you could explain it to me.

chucky

Graham_Devon wrote: »

I can also state, however, that those are not the statements that shortchanged made or implied.

Seeing that you are claiming the moral high ground. Do you know what he implied here then?

Quote:
Originally Posted by shortchanged
FTB rates certainly are much lower now compared to what they were before the credit crunch.