We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Home Equity increases by 2.7% in 2011
Comments
-
"Equity challenge". :rotfl:
Why not just shut up about your mortgage, and get on with paying it off ?
LOL, you're following me around the board like a bad smell, DervProf, spoiling for a fight with your inane comments. Gotta tell you, it's kinda making you look desperate.
TBH, you're not worth the candle, you're just so damned boring to talk too. I guess you get that in the real world too, huh?
0 -
Graham_Devon wrote: »What political pressure is this?
Do you have evidence?
a quick google turned this up -
http://www.politics.co.uk/opinion-formers/council-of-mortgage-lenders-cml/article/cml-restricting-interest-only-in-whose-interest
'But, in a risk-averse market and uncertain regulatory environment, some lenders have already reacted to the FSA's proposals by restricting availability of interest-only mortgages.''Be not deceived; God is not mocked: for whatsoever a man soweth, that shall he also reap.'
GALATIANS 6: 7 (KJV)0 -
Valuation is an active term.
Picking the valuation from years ago is not a current valuation.
You have conned yourself, as have many, into thinking the value of your house can't possibly go down. As long as you stubbornly stick to value in your head, that must be it. :rotfl:
That's why you don't have any new valuations, you don't want to believe it, don't want anything to get in way of this idea that has been planted in your head.
.
thats the spirit, ignore the actual situation and post the first thing that comes into your head
youre best off sticking to your pathetic crash crash crash thread, so u dont get ppr'd again
blisk4 cant be too far away'Be not deceived; God is not mocked: for whatsoever a man soweth, that shall he also reap.'
GALATIANS 6: 7 (KJV)0 -
shortchanged wrote: »Funny now though why banks are starting to take quite a dim view of IO mortgages these days.
Ah it's an easy sound bite to trot out isn't it?
And that's the important stuff isn't it? Throw enough and some will stick?
So why is it one of the most cautious lenders, a lender who didn't need bailing out, (HSBC/first direct) still have as many "interest only" mortgages as "repayment" mortgages.
Perhaps they realise the problem isn't the type of mortgage but more the profile of the borrower?0 -
I someone who was given 4 weeks to pay off the mortgage at the end of their term
Ermmm no.
No. NO. NO.
They were given the term of their mortgage to pay off their mortgage.They weren't given 4 weeks to find the capital, they were given (probably) 25 years.
The fact they realised they had no money 4 weeks from the end means they must have MEW'ed galore for the last 25 years.
You can't protect the stupid from themselves for every eventuality.0 -
JonnyBravo wrote: »Ah it's an easy sound bite to trot out isn't it?
And that's the important stuff isn't it? Throw enough and some will stick?
So why is it one of the most cautious lenders, a lender who didn't need bailing out, (HSBC/first direct) still have as many "interest only" mortgages as "repayment" mortgages.
Perhaps they realise the problem isn't the type of mortgage but more the profile of the borrower?
The banks actually want IO mortgages to stay and for the repayment vehicle to be reviewed every 5 to 7 years rather than every year as the FSA proposes. If the FSA proposals go through then IO mortgages will be too expensive to administer and hence they will disappear.0 -
RenovationMan wrote: »TBH, you're not worth the candle
Instead of repeating your catchphrases, and posting pictures, why not enter into some sensible discussions with me ? I have tried (several times) to encourage you to do so recently, but you simply go off on a tangent, or ignore my questions/points.
I earlier asked about what you think the criteria should be if the banks started to lend on afforadability, rather than salary.
You seem hell bent on ignoring any kind of proper debate that I enter into, then make out that I am constantly following you and making "inane" comments.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Instead of repeating your catchphrases, and posting pictures, why not enter into some sensible discussions with me ? I have tried (several times) to encourage you to do so recently, but you simply go off on a tangent, or ignore my questions/points.
I earlier asked about what you think the criteria should be if the banks started to lend on afforadability, rather than salary.
You seem hell bent on ignoring any kind of proper debate that I enter into, then make out that I am constantly following you and making "inane" comments.
Come on Derv, much as I pulled up RM when I thought he was being unreasonable....
What sort of response do you think you'll get from?"Equity challenge". :rotfl:
Why not just shut up about your mortgage, and get on with paying it off ?
It's clear to see you'll never see eye to eye on how and when he should mention it. Put him on ignore if it truly offends your sensibilities.0 -
Mr Bravo,
Yes, my "Equity challenge" was a "dig", I admit that. Let's face it, RM does his fair share of "digging" these days, and that's all part of life on this forum. It isn't just me (and him) that do this, there are plenty of posters who don't see eye to eye, and some of the "squabbles" seem far more aggressive and ridiculous than most of what I get involved with.
Inbetween these squabbles, I do try to enter reasonable debate with RM from time to time, but it is he who seems to avoid getting involved in points that I raise. If you look back on this thread, my first post, #7, was to make a sensible point about his opening post. There was nothing nasty or "inane" about what I typed. I didn't get any kind of sensible response, only.....RenovationMan wrote: »Oh DervProf, I know exactly what I'm doing. The evidence is before you on this thread. You're just too stupid to understand. :cool:
.... after this "gem"....RenovationMan wrote: »*sigh*
I don't know how many times I have to say this, but it seems the same people are just a bit too simple to understand. It's my failing, I've obviously spoken as though you're grown ups and not three year olds.
I'll try again. Are we all sitting comfortably? Then I'll begin.
.
.
.
But sir, you don't seem to know how a mortgage works !
He really does seem to be tryng to potray himself as "The Big Man", accusing people like me of being stupid etc. It may be that he, and some others may conclude from my posts that I am stupid, but he needs to look at his own responses from time to time. "Lack of self awareness" and "ad hominem attacks" are the phrases he has used towards myself and one or two others. RM would never display "lack of self awareness" or post "ad hominem attacks", would he ?30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Mr Bravo,
Yes, my "Equity challenge" was a "dig", I admit that. Let's face it, RM does his fair share of "digging" these days, and that's all part of life on this forum. It isn't just me (and him) that do this, there are plenty of posters who don't see eye to eye, and some of the "squabbles" seem far more aggressive and ridiculous than most of what I get involved with.
Inbetween these squabbles, I do try to enter reasonable debate with RM from time to time, but it is he who seems to avoid getting involved in points that I raise. If you look back on this thread, my first post, #7, was to make a sensible point about his opening post. There was nothing nasty or "inane" about what I typed. I didn't get any kind of sensible response, only.....
.... after this "gem"....
He really does seem to be tryng to potray himself as "The Big Man", accusing people like me of being stupid etc. It may be that he, and some others may conclude from my posts that I am stupid, but he needs to look at his own responses from time to time. "Lack of self awareness" and "ad hominem attacks" are the phrases he has used towards myself and one or two others. RM would never display "lack of self awareness" or post "ad hominem attacks", would he ?
Yep all true. It's just you seemed to be bemoaning a lack of reasoned debate only one post after a dig at him. Struck me as a little naive/disingenuous.
RM is capable of reasoned debate, but I suspect the only way you'll get any out of him is to drop the digs... and for longer than other posters might need to. He has a proper bee in the bonnet with you.
And so back to the topic....
is paying 4% off your mortgage to show a net gain of 2.7% a good thing? Not really, but nor is it really important.
Those of us who have mortgages have to pay them off, we can't control how much the house becomes worth.
Clearly it's better than paying 0% off the mortgage but losing the house!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards