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Debate House Prices
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My Interest rate gamble pays off again!
Comments
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chucknorris wrote: »I suspect that you are right, however there was one previous forum regular that I would certainly be pushing to see if he would be so obnoxious face to face. Can anyone guess who I'm talking about?
Give us a clue.:think:"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
chucknorris wrote: »I suspect that you are right, however there was one previous forum regular that I would certainly be pushing to see if he would be so obnoxious face to face. Can anyone guess who I'm talking about?
Wasn't your nemesis the time travelling house buyer called Geneer?
One of the greats IMO.0 -
grizzly1911 wrote: »Don't blame you - way to go.
47 was a good age for me too.:)
It is horses for courses though and we all have our own ideas, aspirations, wants and needs.
I was mortgage free in my first house at age 31 - a 2 bed semi that I paid off largely after spending a long-ish period working tax free in the Middle East.
We came back from there with a new baby and so our house wasn't large enough, so we bought a 4 bed detached. We blitzed this mortgage via me working as a contractor and having spells in Norway, etc. This mortgage would have been paid off by now had we not bought the farmhouse.
I blitzed the first mortgage simply because I was working abroad and awash with money that I didn't know what else to do with (we had free accommodation, car, fuel and food was really cheap).
I blitzed my second mortgage because I was convinced that we (the country) were going to head into disaster with a HPC and stockmarket crash. Reducing the mortgage seemed to be the safest bet, especially as I was a freelancer.
Post Crash, and with a new permie (and secure job) and with historically low rates I decided to 'gamble' and buy a dream home that I ordinarily couldn't afford. This mortgage will be blitzed before rates start to go up and we'll have an average mortgage on an above average house.
Nothing wrong with being mortgage free as a concept, but it shouldn't become a doctrine that keeps people in houses that are not fit for purpose, nor should you use money to pay off a mortgage that can get a better return elsewhere.0 -
Wasn't your nemesis the time travelling house buyer called Geneer?
One of the greats IMO.
Yep that was who I meant, anyone else I would be able to make allowances for. It sure would be entertaining for everyone else if we all did meet up, because it would be guaranteed that there would be friction between us, although as RM said I don't think he would have the same persona face to face.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
Rates are still low then?
Good.
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Clearly I'm crap at predicting the future because in 2007 I locked myself into a ten year fixed rate mortgage at 4.98% and on every yearly statement Barclay's seem to take much joy in pointing out that when my fixed term ends my rate will drop to something stupid like 0.95% lol, unfortunately my mortgage will be paid off before that so it won't benefit me in any way.
Oh well not to worry you have to laugh at yourself sometimes don't you :j0 -
shireknight wrote: »Clearly I'm crap at predicting the future because in 2007 I locked myself into a ten year fixed rate mortgage at 4.98% and on every yearly statement Barclay's seem to take much joy in pointing out that when my fixed term ends my rate will drop to something stupid like 0.95% lol, unfortunately my mortgage will be paid off before that so it won't benefit me in any way.
Oh well not to worry you have to laugh at yourself sometimes don't you :j
I wouldn't knock it. You'll probably end up with an average mortgage rate of what? 5.5 - 6.0%? - you were probably mortgaged in the 90's so bet you didn't expect that!0
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