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"Any sane person should worry about what will happen when IR's rise"
Comments
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fordcapri2000 wrote: »........
p.s Charlie Bean says your mortgage will double in the next three years as well, suppose that is nothing to worry about either.
My mortgage won't double in the next three years and Charlie Bean didn't say it would anyway.0 -
fordcapri2000 wrote: »What world do you live in??
Try working/helping out at Shelter or Crisis for a few days and listen to stories of child abuse, alchohol and drug problems, violence and severe mental health problems that many of these people have had to deal with in their lives and the negative coping patterns many are daily trying to deal with.
As usual you know f** all about a subject you have obviously taken no time to understand, and yet again your usual rant where somehow buying property is the answer to all the problems in the world.
If two working professional non drinking/non drug taking young adults struggle to get on the housing ladder in 2014, how do you expect these people to manage.
Come on Foxy. Even someone as thick as you would realise my comment was a sarcastic response to someone who implied people would prioritise gadgets over paying the mortgage.
You're even crap at trolling.0 -
We have a "friend" living with us at the moment because he was repossessed in November. He is *still* paying for his expensive sky contract, still smokes, still drinks like a fish, still has his phone, ps4, Xbox, iPad, and still eats expensive !!!! rather than cooking himself something cheaper. I have little sympathy for his entirely self-inflicted plight.Come on Foxy. Even someone as thick as you would realise my comment was a sarcastic response to someone who implied people would prioritise gadgets over paying the mortgage.
You're even crap at trolling.0 -
We have a "friend" living with us at the moment
If he was a friend then why didn't you sit down with him and do a budget and explain that your offer of accomodation was conditional upon him sticking to the budget.
Do you think you have helped your friend by bailing him out?
Sounds like he hasn't learnt anything.
Sorry if that sounds harsh. I'm playing devils advocate to a degree, but I have a nephew and I have never bailed him out, only tried to help him budget.0 -
Come on Foxy. Even someone as thick as you would realise my comment was a sarcastic response to someone who implied people would prioritise gadgets over paying the mortgage.
Do you believe then that everyone who defaults on a mortgage has already divested their whole household of :- PCs/laptops, smartphones, tablet computers, broadband, satellite/cable television, Spotify, Netflix, games machines etc in order to curtail subscriptions and running costs and realise whatever they can get for them ?No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
The arrangement was meant to be temporary until he received the equity from his flat sale. He now has that and is (hopefully) now looking for alternate accommodation. But he hasn't learned a thing and is in no way prepared to cut down on his lifestyle. He has been looked after and bailed out by various friends and relatives over the years, and this disastrous attempt at property ownership was the first time he has ever tried to live independently. I fear that there are all to many people like him in this world.If he was a friend then why didn't you sit down with him and do a budget and explain that your offer of accomodation was conditional upon him sticking to the budget.
Do you think you have helped your friend by bailing him out?
Sounds like he hasn't learnt anything.
Sorry if that sounds harsh. I'm playing devils advocate to a degree, but I have a nephew and I have never bailed him out, only tried to help him budget.0 -
Like that plonker in the audience on Question Time this week. He was having an almighty whinge about how any increase in interest rates will leave him in the brown stuff. The thing is that I think he only took out his mortgage a couple of years ago and he admitted that he had been warned that rates were only likely to rise. He thought he had a right to cheap credit forever! What a clueless t*sspot.
He could move out of Radlett..:rotfl:0 -
The arrangement was meant to be temporary until he received the equity from his flat sale. He now has that and is (hopefully) now looking for alternate accommodation. But he hasn't learned a thing and is in no way prepared to cut down on his lifestyle. He has been looked after and bailed out by various friends and relatives over the years, and this disastrous attempt at property ownership was the first time he has ever tried to live independently. I fear that there are all to many people like him in this world.
Some people are obviously predisposed to be that way. But I suspect that he had Baby Boomer parents who saw it as their duty to give him everything he wanted when he wanted it, so he developed no sense of elf-denial nor limitations on his material aspirations. Then he may have grown up within a state education system, and a political climate where the prevailing culture is one of entitlement rather than responsibility, and where profligacy and irresponsibility are rewarded rather than prudence and reward for effort.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
GeorgeHowell wrote: »Do you believe then that everyone who defaults on a mortgage has already divested their whole household of :- PCs/laptops, smartphones, tablet computers, broadband, satellite/cable television, Spotify, Netflix, games machines etc in order to curtail subscriptions and running costs and realise whatever they can get for them ?
Not everyone no. For the vast majority though making the monthly mortgage payment will be the absolute priority.
Who'd prioritise Sky over the mortgage? There must be examples as per above but they are exceptions - not the rule.0 -
Not everyone no. For the vast majority though making the monthly mortgage payment will be the absolute priority.
Who'd prioritise Sky over the mortgage? There must be examples as per above but they are exceptions - not the rule.
Maybe, maybe not, I guess nobody measures it quite that way.
Coming from a different tack. If people can and do cut back and get on with it as best they can if their monthly payments go up, then that's what they have to do and moaning about it is both futile and stupid.
Those who do cut back everything except genuine necessities and still can't cope probably have only themselves to blame -- unless there's redundancy or something causing it. Anyone who took a mortgage to the hilt with historic low rates without a plan for what happens when rates go up is an idiot. No way should the taxpayer pick up the tab for such people and they should be made to downsize and/or rent.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0
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