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Debate House Prices
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UK Households wealthier than ever before
Comments
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chucknorris wrote: »:rotfl:Thanks your post made me laugh, much better of course to have no wealth at all :rotfl: than asset wealth.
Yer, some weird statements on this thread...
Carl31 insinuating holding depreciating cash is better than holding an appreciating asset, dryhat labelling someone who overpays their mortage a 'debt junkie' and Mr. Muddle claiming you need to go live in a cardboard box before you can access housing wealth.
Okay.0 -
Mr._Pricklepants wrote: »Yer, some weird statements on this thread...
Carl31 insinuating holding depreciating cash is better than holding an appreciating asset, dryhat labelling someone who overpays their mortage a 'debt junkie' and Mr. Muddle claiming you need to go live in a cardboard box before you can access housing wealth.
Okay.
Hey don't cricitise cardboard boxes, they are much easier to sell, because they don't come with the same complications as an illiquid asset like a house.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
The fact remains, as Dev tried to point out ...
"releasing equity" , "unlocking capital" or whatever else you want to call it can only be achieved through selling the house.
Any other method of "getting your hands on that lovely equity" is just more borrowing.
The bank clerk does not put £100 in your jar when the daily express tells you that prices are rising £100 a day.
THERE IS NO JAR WITH YOUR NAME ON IT SAT IN THE BANK0 -
BTW who used to stalk that Foxy poster, he has been whinging about you lot on Yahoo (no it wasn't me
)? 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
The bank clerk does not put £100 in your jar when the daily express tells you that prices are rising £100 a day.
There's no extra £100 in your jar either when Mt.Gox claims your bitcoin has increased £100. You need to sell it first (convert it to fiat currency;)) . I hope you get out at a decent rate before the balloon pops 0 -
Quite simple, if house prices double over night I will have an extra £100k in net wealth. Can I spend it... no.
I could sell my house and have a £100k 'profit', but then I still need a house so will lose that 'profit' instantly as all the other houses have also doubled. The only difference is that bigger house which was £50k more than mine is now £100k more than mine.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
Mr._Pricklepants wrote: »There's no extra £100 in your jar either when Mt.Gox claims your bitcoin has increased £100. You need to sell it first (convert it to fiat currency;))
Ignoring the fact that my coins are not held with Mt.Gox, you are correct.
Maybe when they start offering bitcoin loans or some other form of leverage you and your debt-junky mates might jump on board.
If you haven't missed the boat by then.0 -
Mr._Pricklepants wrote: »Yer, some weird statements on this thread...
Carl31 insinuating holding depreciating cash is better than holding an appreciating asset, dryhat labelling someone who overpays their mortage a 'debt junkie' and Mr. Muddle claiming you need to go live in a cardboard box before you can access housing wealth.
Okay.
The point i was making was that its all very well having a house worth loads, but a house wont buy you much in the way of food
its all very well being asset rich, but it doesnt mean anything if you cant do anything with it, does it?0 -
Ignoring the fact that my coins are not held with Mt.Gox, you are correct.
Maybe when they start offering bitcoin loans or some other form of leverage you and your debt-junky mates might jump on board.
If you haven't missed the boat by then.
I'll revisit this thread when the bitcoin balloon has popped. 0 -
BTW who used to stalk that Foxy poster, he has been whinging about you lot on Yahoo (no it wasn't me)?
Probably Renoman, do you have a link to his whinges?Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0
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