Halifax - February +2.4%

ess0two

Graham_Devon wrote: »

Yes - couldn't be bothered explaining that one. Was a line ripe for ankle biting....and here we are!

If I cut my electricity bill by 10% it doesn't mean I've increased the money in my pocket. It just means I'm paying out less of what's already in it.

???


Run that by me again.

Graham_Devon

ess0two wrote: »

???


Run that by me again.

Seriously? :huh:

Spending less does not increase your income. It just means you have more left of it.

The only time house prices increases put money in your pocket is when you sell up and buy something cheaper.

ess0two

Graham_Devon wrote: »

Seriously? :huh:

Spending less does not increase your income. It just means you have more left of it.

Who says anything about it increasing income?


See you've edited further now,common theme appearing.

Graham_Devon

ess0two wrote: »

Who says anything about it increasing income?


See you've edited further now,common theme appearing.

Who ever said rising house prices never meant a lower LTV, as mayonnaise pointed out? No one, but you don't seem to have issue with that?

The only way you can increase the money in your pocket is by putting more money in it. Not by spending less. It simply increases what you have left in your pocket.

And lower house prices do that, too.

Carl31

So average house is about £240k now? is that right? so a 2.5% rise is £6k

if we see that every month, based on a LTV mortgage of 80%, a FTB needs to be saving an additional £1k a month to keep up? on top of what theyre saving?

ess0two

Probably an average down South 240k,up North you could buy a palace with that.

wotsthat

Graham_Devon wrote: »

If I cut my electricity bill by 10% it doesn't mean I've increased the money in my pocket. It just means I'm paying out less of what's already in it.

It's stuff like this that makes you my favourite poster.

Graham_Devon wrote: »

Suggesting that reducing your mortgage outgoings due to an LTV swap is "putting money in your pocket" is the same as suggesting buying a pair of shoes at £80, reduced from £100 has increased the money in your pocket by £20. It hasn't, it's reduced the money in your pocket by £80.

In other words, debt junky nonsense.

Hilarious.

ess0two

Its opened my eyes the way the graham thinks.

MFW_ASAP

Graham_Devon wrote: »

Yes - couldn't be bothered explaining that one. Was a line ripe for ankle biting....and here we are!

If I cut my electricity bill by 10% it doesn't mean I've increased the money in my pocket. It just means I'm paying out less of what's already in it.

It does however mean that you've increased your disposable income. To use it to increase your actual income you could invest it.

Graham_Devon

ess0two wrote: »

Its opened my eyes the way the graham thinks.

What? Basic common sense? Enjoy it...

To increase something you have to ADD to it.

Reducing what you spend is NOT adding to it. It's reducing what comes OUT of what you already have.

I'm surprised you are making out you find this somewhat extraordinary.

We can do with with apples if you like, or chocolate buttons? I'm well versed as I do it with my 6 year old.