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Debate House Prices
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Rents rising again....
Comments
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No, you're wrong. The fact you think I am arguing for interest only instead of repayment, when I am merely showing you the IO example to illustrate the difference that the initial shortfall compounded would be, is confirmation enough.
Why do you think interest only is a poor choice? It costs you less per month, if you can invest that money at a greater rate of interest (more than 5%) it will actually work out better than the repayment mortgage.
Please tell me you get that.
edit: Oh look, I know I've won when the whiny !!!!!es question whether I'm a financial advisor. Take your !!! kicking like a man sunshine. Pathetic.
And remember, you picked the argument. I just !!!!ing annihilated it.The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.0 -
Why do you think interest only is a poor choice? It costs you less per month, if you can invest that money at a greater rate of interest (more than 5%) it will actually work out better than the repayment mortgage.
Please tell me you get that.
Oh right....
So you're saying that actually you could end up doing better than just paying £391,000. You could effectively pay less than that.
Versus getting £445,000 in rent.
So it is in fact the case that rent will cover a full repayment mortgage just about anywhere in the UK over 25 years.
Good to know.
“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: »Oh right....
So you're saying that actually you could end up doing better than just paying £391,000. You could effectively pay less than that.
Versus getting £445,000 in rent.
So it is in fact the case that rent will cover a full repayment mortgage just about anywhere in the UK over 25 years.
Good to know.
Oh my god, you actually do not get it. HAHAHA, well at least I know I'd be a rubbish teacher.
The amusing thing is, you now think you are right because you have swung the viewpoint by thinking that the tenant profits from the compound interest from the shortfall and the landlord doesn't lose.
It's priceless. You are literally the dumbest !!!!ing moron I've ever seen.The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.0 -
I stopped reading when he repeated explied that repairs, maintanance, refurbishments, insurance, common parts costs, all cost nothing.0
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HAHAHA, well at least I know I'd be a rubbish teacher.
Well given that you're currently a financial advisor who thinks £445,000 is less than £391,000, being a rubbish teacher could be a step up in the competency stakes.The amusing thing is, you now think you are right because you have swung the viewpoint by thinking that the tenant profits from the compound interest from the shortfall and the landlord doesn't lose.
Eh?
You seem to have a reading comprehension problem. I was referring to the landlord.It's priceless. You are literally the dumbest !!!!ing moron I've ever seen.
You also seem to have anger management issues. On second thoughts, perhaps teaching isn't the best of career moves for 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 -
I stopped reading when he repeated explied that repairs, maintanance, refurbishments, insurance, common parts costs, all cost nothing.
Back in your drawer, socky.“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 -
I stopped reading when he repeated explied that repairs, maintanance, refurbishments, insurance, common parts costs, all cost nothing.
That's always the argument with Hamish. He's only spent 60p on his house since he bought it.
But this spat between Hamish and The J is interesting
It's basically two mind that are exactly the same battling it out to be the greatest 0 -
No, you're wrong. The fact you think I am arguing for interest only instead of repayment, when I am merely showing you the IO example to illustrate the difference that the initial shortfall compounded would be, is confirmation enough.
Why do you think interest only is a poor choice? It costs you less per month, if you can invest that money at a greater rate of interest (more than 5%) it will actually work out better than the repayment mortgage.
Please tell me you get that.
edit: Oh look, I know I've won when the whiny !!!!!es question whether I'm a financial advisor. Take your !!! kicking like a man sunshine. Pathetic.
And remember, you picked the argument. I just !!!!ing annihilated it.
You seem to claim victory a lot in your little arguments, despite digging yourself into a massive hole and embarrassingly losing."Beware of little expenses. A small leak will sink a great ship." - Benjamin Franklin0 -
Graham_Devon wrote: »That's always the argument with Hamish. He's only spent 60p on his house since he bought it.
That's entirely untrue.
I've now spent just over £500 in maintenance. In 5 years.
But seriously, I allowed £55,000 for voids, repairs and other costs in the earlier post.
So to say there is no allowance for it is simply wrong.But this spat between Hamish and The J is interesting
It's basically two mind that are exactly the same battling it out to be the greatest
No, there's one very important difference.
I'm right.
“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 -
Why did the J suddenly turn into a massive bell end?This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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