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Debate House Prices


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House price correction - Taking the hard route

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Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    TruckerT wrote: »
    Perzackly!!!

    Why are you so hung up about the negative equity issue? It wasn't my fault!

    TruckerT



    little hint: I wasn't hung up about the negative equity


    I took out a self-certificated mortgage about 8 years ago which I needed in order to sort out my life. I gave a completely fictitious story about my income etc, and walked away with an offer.

    When I sold the house I was in negative equity.

    TruckerT
  • TruckerT
    TruckerT Posts: 1,714 Forumite
    CLAPTON wrote: »
    little hint: I wasn't hung up about the negative equity

    Then why are you hung up about the lenders' reluctance to check up on the borrowers' creditworthiness?

    TruckerT
    According to Clapton, I am a totally ignorant idiot.
  • GhIFA
    GhIFA Posts: 619 Forumite
    TruckerT wrote: »
    Then why are you hung up about the lenders' reluctance to check up on the borrowers' creditworthiness?

    TruckerT

    Really???

    You really can't see the utter hypocrisy in the stance you are taking???
    I am an IFA. Any comments made on this forum are provided for information only and should not be construed as advice. Should you need advice on a specific area then please consult a local IFA.
  • The-Joker
    The-Joker Posts: 718 Forumite
    CLAPTON wrote: »
    little hint: I wasn't hung up about the negative equity

    That's the spirit. Lets hope everyone can keep paying when interest rates go back to normal and property crashes. Don't just default so the bank repo's and sells at auction for a snip.
    The thing about chaos is, it's fair.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    The-Joker wrote: »
    That's the spirit. Lets hope everyone can keep paying when interest rates go back to normal and property crashes. Don't just default so the bank repo's and sells at auction for a snip.


    Indeed so, it's all in the context isn't it?
This discussion has been closed.
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