The Quant's House Price Diary

somethingcorporate

The house on the next step on the ladder just got even further away from you

smartn

Doesn't this thread smack a bit of the Harry Enfield character who stated 'I am considerably richer than you'. Bad form if you ask me.

mayonnaise

smartn wrote: »

Doesn't this thread smack a bit of the Harry Enfield character who stated 'I am considerably richer than you'. Bad form if you ask me.

No.

It's comparable to the mortgage free wannabe forum where you got plenty of peeps saying how well they are doing in their quest to be MFW. Some do well, others do not so well. It's about sharing experiences, it's a money saving board after all.
Good luck, thequant. :beer:

BillJones

smartn wrote: »

Doesn't this thread smack a bit of the Harry Enfield character who stated 'I am considerably richer than you'. Bad form if you ask me.

It does rather, yes.

However, if he's genuinely a quant, then he is probably sick of mixing with people at work who can afford far nicer houses than he can, so it's possibly a response to that.

Daniel54

mayonnaise wrote: »

No.

It's comparable to the mortgage free wannabe forum where you got plenty of peeps saying how well they are doing in their quest to be MFW. Some do well, others do not so well. It's about sharing experiences, it's a money saving board after all.
.

Tracking the notional and unrealised value of an asset is not at all comparable with paying down debt

Jonbvn

smartn wrote: »

Doesn't this thread smack a bit of the Harry Enfield character who stated 'I am considerably richer than you'. Bad form if you ask me.

More like, "Tim - nice but dim".:D

Percy1983

Daniel54 wrote: »

Tracking the notional and unrealised value of an asset is not at all comparable with paying down debt

I thought the same, one takes hardwork the other is just luck.

Masomnia

Maybe I should start a thread about how my shares in Lloyds are doing.

chucky

mayonnaise wrote: »

When it will be worth considerably more, putting you under 60% LTV for example and you come up for re-mortgage and you can ditch your 5% fix for a 2.49% fix?
Not sure if happiness will kick in at that point, but you'll surely notice the extra cash in your pocket (although Graham might dispute that).

For the glass half full person this would be really difficult to grasp.

Percy1983

chucky wrote: »

For the glass half full person this would be really difficult to grasp.

Luckily for me I am of the knowledge the glass is always full it is just what percentages are gas and liquid which change.

From there a reduction in interest rate would of course be welcomed, but I would rather prices didn’t rocket and my LTV was in fact based on my own hard work rather than others suffering with higher prices.