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Debate House Prices
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Officially in recession
Comments
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Well, I hand it to you Hamish, quite the Inspector!0
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HAMISH_MCTAVISH wrote: »Nonsense. That's just another discredited bear meme.
I'd be quite happy to see I/O reserved for very specialist applications.
Almost all normal people should be going full repayment, and the vast majority can afford it just fine.
So what's your explanation for the huge increase in IO mortgages taken out during the noughties which was particularly noticeable amongst FTB's?0 -
Graham_Devon wrote: »Well, I hand it to you Hamish, quite the Inspector!
It has a compulsive need to create multiple accounts just to agree with each other and make it seem like more than one person has such bizarre views.
If I were you Graham, I'd be a bit worried they agree with you.....“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »If I were you Graham, I'd be a bit worried they agree with you.....
Well that swings both ways really. Being one of MrRee's favourtie posters you'd understand!
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shortchanged wrote: »So what's your explanation for the huge increase in IO mortgages taken out during the noughties which was particularly noticeable amongst FTB's?
The biggest increase was not FTB, but rather BTL. And they at least had valid tax reasons for doing so.
But the fact remains that there is no need for I/O for most people.
I'm quite happy to see it discouraged.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »The biggest increase was not FTB, but rather BTL. And they at least had valid tax reasons for doing so.
But the fact remains that there is no need for I/O for most people.
I'm quite happy to see it discouraged.
So you don't think that the huge increase in IO mortgages had anything to do with the huge increase in house prices during that time?0 -
shortchanged wrote: »So you don't think that the huge increase in IO mortgages had anything to do with the huge increase in house prices during that time?
No, very little at all.
As I say, quite happy to see I/O restricted.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »No, very little at all.
As I say, quite happy to see I/O restricted.
Well you'll never get the level of HPI you want then Hamish without them.
How do you think so many FTB's were able to afford the prices from a few years ago?0 -
shortchanged wrote: »Well you'll never get the level of HPI you want then Hamish without them.
How do you think so many FTB's were able to afford the prices from a few years ago?
2 full-time wages and they were probably all set, repayment mortgage or otherwise.0 -
2 full-time wages and they were probably all set, repayment mortgage or otherwise.
In your dreams.0
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