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I'm up 50k in 20 months
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grizzly1911 wrote: »But you would still have the same asset and same debt.
Your relative position in the pecking order won't have changed.
What are you on about ? I would have a monthly saving which I could do as I wish for. My equity holding has hugely been increased. My bank have already encouraged me to remortgage because of the 'large savings' I can make.
Also if at any time I wanted to sell I could travel the world for many many years or buy a place in the country that I couldn't have ever dreamed of two years ago.
Naturally if everything In the world inflated to the same degree it wouldn't be a blessing but it hasn't.Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
Naturally if everything In the world inflated to the same degree it wouldn't be a blessing but it hasn't.
Presumably if you wish to live in the same area then they will have inflated to the same degree.
Yes you do have the potential saving in monthly commitment but if it isn't fed into the property, as MFW points out, the staus quo will remain.
Selling up/downgrading wasn't mentioned in your previous post."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
It's a handy investment vehicle, I get to live inside it and not pay a land lord rent ... :money:
But would like to move overseas one day, I'm waiting for the sweet spot of a really high pound coupled with high property priced to make my move.
Clearly in black and white thank you very much.
My hope now is interest rates rocket and the pound starts shooting up. Doubt it will happen sadly but that's my hope. When it does, I'll make my move, fast.Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
Clearly in black and white thank you very much.
My hope now is interest rates rocket and the pound starts shooting up. Doubt it will happen sadly but that's my hope. When it does, I'll make my move, fast.
Good luck with your ventures and move abroad etc.
It's just a shame that you haven't actually got any real money and have to rely on HPI instead.0 -
You never know dry hat, when that big next bit coin crash happens, I might join you.
Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
Clearly in black and white thank you very much.
My hope now is interest rates rocket and the pound starts shooting up. Doubt it will happen sadly but that's my hope. When it does, I'll make my move, fast.
That wasn't the element of the post I was referring too. That bit I quoted was the point i was referring to.
Never mind enjoy the dream for now."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »
Never mind enjoy the dream for now.
What dream ? Next month my mortgage costs are going to be less.
I now also have a huge access to borrowing at costs five to ten times less than before I owned property.
Further to that I could sell up very quickly and be much richer in regards to just about every fairly safe asset class available to me.
Simple and immediate beneficial cause and effect.
This place is ridiculous. You say wow, I've had a bit of luck, something I own is worth a bit more and you have to endure four pages of nonsense about why that isn't a good thing for your own bank account. Total and utter blithering nonsense.Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
Do none of you crowing, gloating, groin thrusting homeowners feel any sort of empathy at all for people stuck renting?
People who are renting for no other reason than that they missed some property ponzi scheme by a few years and found themselves priced out?
Some people need to look up the meaning of 'hubris'.0 -
ruggedtoast wrote: »Do none of you crowing, gloating, groin thrusting homeowners feel any sort of empathy at all for people stuck renting?
Not really.
I rented half a year and I know, it sucks. That's why I bought. Haven't looked back since.
Nobody is stuck. Stuck in a sense of entitlement and self-pity maybe, yes.Don't blame me, I voted Remain.0 -
In evolutionary psychology - it is like a bunch of monkeys, sitting in their trees gloating because they think they have a big bunch of nuts. So many nuts they will never go hungry again, so they fling their faeces at the monkeys lower down the tree and chatter and laugh at them for not having so many nuts.
But one cold winter and suddenly those nuts don't seem so many, and lo and behold they need the other monkeys and their nut gathering abilities.
This is how I see all this home owning shameful joy. A bunch of cackling monkeys who don't understand what is important and what isn't.0
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