UK Households wealthier than ever before

chucknorris

Carl31 wrote: »

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?

Well we did originally plan to sell up in approx 10 years when the market is better. But to be honest we are now thinking that we should consider staying with property (at least partially) as it does offer both income and protection against capital depreciation (over the long run, obviously in the short term you are subject to a cyclical market).

dryhat

Mr._Pricklepants wrote: »

I'll revisit this thread when the bitcoin balloon has popped.

And when you do, you will have nothing to have a go at me about.

I've said all along it's in a bubble and even if they drop to zero, I will have lost nothing.

Graham_Devon

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.

Yer, and the only reason you are reduced to this game playing, after being reduced to several name changes is that you can't argue the facts.

Fine by me. FAR easier to throw titbits around than it is to actually discuss what was being talked about.

Though the real issue is the fact that, on here at least, there are different understandings of how this wealth can be used or whether it's even of use, dependant on your position. If an investor then of crouse, wealth and debt can push you forward.

However, if you are just a humble homeonwer, like the majority. The value of the bricks you live in is of very little relevance to your every day life. It doesn't buy the kids shoes. it doesn't pay the gas bill....infact it doesn't even help you to pay the gas bill. It's of irrelevance.

You are arguing against the majority on this thread remember (so far). Chucknorris may come along and ridicule the cardboard box analogy, but what exactly does chucknorris think happens if you sell your house to get hold of the cash and use it on something else? Nice little pixies come along and build you another?

wotsthat

StevieJ wrote: »

BTW who used to stalk that Foxy poster, he has been whinging about you lot on Yahoo (no it wasn't me )?

That's quite rude of him - have you got a link?

Mr._Pricklepants

dryhat wrote: »

And when you do, you will have nothing to have a go at me about.

I've said all along it's in a bubble and even if they drop to zero, I will have lost nothing.

No no...not to have a go at you. I'm sincerely glad you won't lose a thing. I'll just rub your nose in statements like:

dryhat wrote: »

Bitcoin actually could be the real deal and a credible alternative to our current system.

Anyway, we're off topic now...this thread is about real assets.

StevieJ

chucknorris wrote: »

Probably Renoman, do you have a link to his whinges?

Here it is, it is in the comments on an article on Paris Brown (third post down)
http://uk.news.yahoo.com/tweet-paris-brown-controversy-how-to--clean-up--online-to-land-that-job-103722398.html

wotsthat

Graham_Devon wrote: »

However, if you are just a humble homeonwer, like the majority. The value of the bricks you live in is of very little relevance to your every day life. It doesn't buy the kids shoes. it doesn't pay the gas bill....infact it doesn't even help you to pay the gas bill. It's of irrelevance.

You either still don't understand the difference between wealth and liquidity or just on a wind up.

To save your blushes you ought to pretend you were just on one of your 'fishing trips'.

Mr._Pricklepants

StevieJ wrote: »

Here it is, it is in the comments on an article on Paris Brown (third post down)
http://uk.news.yahoo.com/tweet-paris-brown-controversy-how-to--clean-up--online-to-land-that-job-103722398.html

lol...Foxy the victim.
I remember once I took his rugby player from Wales photo as my avatar. The abuse and threats I got in my inbox made me turn off the PM function on here. :rotfl:

StevieJ

Mr._Pricklepants wrote: »

lol...Foxy the victim.
I remember once I took his rugby player from Wales photo as my avatar. The abuse and threats I got in my inbox made me turn off the PM function on here. :rotfl:

Why is he still using his Foxy name if he wants to go under the radar?

Graham_Devon

wotsthat wrote: »

You either still don't understand the difference between wealth and liquidity or just on a wind up.

To save your blushes you ought to pretend you were just on one of your 'fishing trips'.

Clearly I (and many others stating the same thing on this thread) understand.

If you simply cannot grasp the fact that your bricks going up in value mean NOTHING unless you sell it, then theres nothing I can do here, is there.

Plenty of people are saying it to you. Being obtuse is all you have left.