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Debate House Prices


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Banks shut of BTL lifesupport.

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Comments

  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    geneer wrote: »
    Actually I waited a year and a bit. And property started to depreciate in quite a crashy style.

    Really, it seems you cannot see the truth.
    scaled.php?server=28&filename=edinburgh.png&res=medium
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    Most LL's have interest only mortgages..........

    So living for today rather than saving for tomorrow.


    They pay the capital down with over payments. The reason we prefer interest only is it's more flexible (in case of suddent rate rises - when you could suspend capital over payments), easier to do the books with and increases net cash which for example can fund future deposits.

    We're all dooomed aye tell ya, dooomed
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    geneer wrote: »

    All I can conclude is that you were aware of HPC in 2008, and that you joined HPC in 2008, oh, and that you had absolutely no interest in what people were saying on HPC about the House Price Crash in 2008.

    Is that about right? ;)


    Capital values in some places have fallen some, so what, the rent yields are decent and mortgages never been cheaper. Cant have everything.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Conrad wrote: »
    The reason we prefer interest only is it's more flexible (in case of suddent rate rises


    There's a few number of your members in not such a fortunate position.
  • geneer
    geneer Posts: 4,220 Forumite
    edited 29 September 2011 at 5:51PM
    IveSeenTheLight wrote: »
    Really, it seems you cannot see the truth.
    scaled.php?server=28&filename=edinburgh.png&res=medium

    Ah. I see. Mister context, mister "understand your local market", mister "enhancing understanding of the averages" now wants to play "take the blunt averages at face value game". Who could have seen that coming. :rotfl:
    We both know the realities of the "new peaks" Lite.

    Still, nice to see you've "Gone Edinburgh".
    Its the bullish equivalent of total dummy spitting capitulation.
    Ask Heathcote, pimp and rinoa.;)
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    geneer wrote: »
    Ah. I see. Mister context, mister "understand your local market", mister "enhancing understanding of the averages" now wants to play "take the blunt averages at face value game". Who could have seen that coming. :rotfl:
    We both know the realities of the "new peaks" Lite.

    Still, nice to see you've "Gone Edinburgh".
    Its the bullish equivalent of total dummy spitting capitulation.
    Ask Heathcote, pimp and rinoa.;)

    Are these paragraphs masking your realisation that Edinburgh house prices are higher than when you decided to wait and that you've paid 6 years rent in addition to that?
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • geneer
    geneer Posts: 4,220 Forumite
    IveSeenTheLight wrote: »
    Are these paragraphs masking your realisation that Edinburgh house prices are higher than when you decided to wait and that you've paid 6 years rent in addition to that?

    No. What they're actually doing is drawing attention to your rather obvious embittered hypocricy. ;)
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    geneer wrote: »
    No. What they're actually doing is drawing attention to your rather obvious embittered hypocricy. ;)

    Sorry, I must have missed your point.
    I doubt you had one though.
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • geneer
    geneer Posts: 4,220 Forumite
    IveSeenTheLight wrote: »
    Sorry, I must have missed your point.
    I doubt you had one though.

    Really, cos you spend enough effort trying to justify your convenient assesment of what required "enhanced understanding".:rotfl:

    The record suggests you got my point well enough. ;)
This discussion has been closed.
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