Halifax - February +2.4%

MFW_ASAP

Graham_Devon wrote: »

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.

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

Carl31

ess0two wrote: »

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

Article says £180k average price, so an additional £900 a month to save if we carry on like this

Graham_Devon

MFW_ASAP wrote: »

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

Indeed you could.

You could do whatever you liked with it.

ess0two

Graham_Devon wrote: »

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.

You seem to have jumped on increasing income,at no point does anyone mention this,back to the original question regarding a higher LTV,it leaves more in your pocket as it opens up better deals when re-mortgaging.


To which you disputed,now your chasing the increasing income angle.

MFW_ASAP

Graham_Devon wrote: »

Indeed you could.

You could do whatever you liked with it.

Indeed. Like investing it and therefore increasing your income?

Graham_Devon

ess0two wrote: »

You seem to have jumped on increasing income,.

Nope.

I'm talking money in your pocket.

I said income by mistake on a previous post. What I meant was that if your income hasn't changed and you are just spending less of it, you haven't increased your income.

Same as if the money in your pocket hasn't changed and you have simply spent less, you haven't got more money in your pocket.

The "income" thing is totally irrelevant really.

Graham_Devon

MFW_ASAP wrote: »

Indeed. Like investing it and therefore increasing your income?

Well yes, but that's gone a step even further. Indeed, we could go on forever and ask what if your investment falls in price? You could look at how you could use that money to invest in efficiency products in the home to reduce other bills.

But probably best we don't You get what I'm saying, I get what you are saying.

MFW_ASAP

Graham_Devon wrote: »

Same as if the money in your pocket hasn't changed and you have simply spent less, you haven't got more money in your pocket.

Unless you invest the money.

Graham_Devon wrote: »

The "income" thing is totally irrelevant really.

Now that we have proved that you can use disposable income to generate real income.

Graham_Devon

ess0two wrote: »

it leaves more in your pocket as it opens up better deals when re-mortgaging.

LOL. I love how I'm now made out to be disputing this after I've been explaining it in the last 5 posts!

It's now you who has changed what was stated.

mayonnaise wrote: »

On these forums, I keep hearing increasing house prices doesn't actuallymean more cash in your pocket. You mean it does?

MFW_ASAP

Graham_Devon wrote: »

Well yes, but that's gone a step even further. Indeed, we could go on forever and ask what if your investment falls in price?

From what I remember from the last time you dipped your toe in the market, Your investments fall in price, you panic and sell it.

Graham_Devon wrote: »

You could look at how you could use that money to invest in efficiency products in the home to reduce other bills.

or invest it in solar PV and generate an income.