House market final props could soon collapse

RenovationMan

shortchanged wrote: »

That's exactly why he is worrying about debts like yours even if he is not publicly saying it much.
If interest rates did go up then I doubt yourself and others like you in the same boat would be so chuffed then.

Is he privately saying it much? I don't move in such exalted company.

Well we'll have to see what happens if rates do go up. So far, so chuffed.

Flight2quality

RenovationMan wrote: »

I'm absolutely delighted with the way things are going at the moment and the way things are projected to go in the future.

Your delighted the way the GFC is going? You are happy that property is in a long term bear market and cost of living is going up as well as unemployment? You are delighted the way average wages and benefits are going down and the next generation are going to be worse off than the last?

shortchanged_2

RenovationMan wrote: »

Well we'll have to see what happens if rates do go up. So far, so chuffed.

I think we will be waiting a long time RenoMan, not that I think this is a good thing because it highlights what a dire state the economy is in.

crash123

shortchanged wrote: »

I think we will be waiting a long time RenoMan, not that I think this is a good thing because it highlights what a dire state the economy is in.

I agree we have a long way to go with this cycle

RenovationMan

shortchanged wrote: »

I think we will be waiting a long time RenoMan, not that I think this is a good thing because it highlights what a dire state the economy is in.

I agree, but when life gives you lemons make lemonade.

geneer

RenovationMan wrote: »

I agree, but when life gives you lemons make lemonade.

Then join a lemonade related forum, add lemonade related notes to your sig and in every other post you make make reference to your lemonade. Try (and fail) three times to change your name to something with lemonade in it.

shortchanged_2

RenovationMan wrote: »

I agree, but when life gives you lemons make lemonade.

Problem is RenoMan is it's not giving everyone lemons to make lemonade only the heavily indebted.

geneer

RenovationMan wrote: »

I'm sure he's more concerned with banks and industry than people like myself as the 'heavily indebted' are few and far between with the average mortgage being surprisingly low.

Which is nothing to do with the BOE right? :rotfl::rotfl::rotfl:
Clueless.

RenovationMan

shortchanged wrote: »

Problem is RenoMan is it's not giving everyone lemons to make lemonade only the heavily indebted.

People need to decide whether they want to sit around moaning about the lemons or whether they want to get up and make lemonade. That's what I decided to do and I have to admit I'm a lot happier seeing my mortgage go down than I ever was seeing my savings going nowhere.

There is nothing stopping you from getting heavily indebted if you really believe that we're getting special treatment.

JonnyBravo

RenovationMan wrote: »

There is nothing stopping you from getting heavily indebted if you really believe that we're getting special treatment.

:T

I've tried to spread the love.

I've got myself heavily indebted but then I've tried to let some tenants in on my experience by allowing them to pay some of the interest off.

A true win-win situation?