View Poll Results: How much do you owe?
Nothing.
71
47.33%
up to £10k
39
26.00%
over £10k
27
18.00%
don't ask!
13
8.67%
Voters: 150. You may not vote on this poll
Debts - How much do you owe?
28 September 2007, 07:52 PM
#61
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Matteeboy. I can't be bothered to read your extremely long post which is obviously going to be biased towards renting because that's what YOU do.
28 September 2007, 08:37 PM
#62
I love it, a debate based on what you think someone might say but you cant be arsed to read the post to confirm.
Read the small print, thats a good way of avoiding debt !
Read the small print, thats a good way of avoiding debt !
28 September 2007, 08:49 PM
#63
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Ta for the reminder, I owe my pops £20 for fuel ( I forgot my cashline card, last Wednesday and the car was running on air lol) other than that I'm debt free, The 2.5 billion mansion is paid off, the Ferrari's are paid off, although I'll owe old bob 20 quid tomorrow when he cleans them 
29 September 2007, 12:32 AM
#67
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Originally Posted by Matteeboy
".........Matteeboy
Some property musings from a rather astute and wealthy person I know..."
"Although govt has "injected" money into market it will not help future loans much or for very long"
Some property musings from a rather astute and wealthy person I know..."
"Although govt has "injected" money into market it will not help future loans much or for very long"
Originally Posted by Matteeboy
"and it can't drop interest rates much or £ will drop (really low against € now) so much that imports will be expensive etc etc...."
Originally Posted by Matteeboy
"And what made me think more than anything else was that - even if house prices do not fall directly, the impact of mortgage constraints is huge.
If some one has £5000 available for deposit (the sector he is dealing with) then they used to be able to get a 95% motgage (or 100% or 110%!) so could buy a house for £100,000
But now it is very difficult to get better than 80% LTV (?) "
If some one has £5000 available for deposit (the sector he is dealing with) then they used to be able to get a 95% motgage (or 100% or 110%!) so could buy a house for £100,000
But now it is very difficult to get better than 80% LTV (?) "
Would this wealthy and astute person happen to read the Daily Mail?
Last edited by fast bloke; 29 September 2007 at 12:35 AM.
29 September 2007, 09:21 PM
#69
So say you suddenly can't work and insurance don't cough up (they often wriggle out of it) - then that house and the huge mortgage can't be paid back. Suddenly that "non debt" is one HELL of a debt and gets repossesed, losing you a fortune.
If that isn't a debt, then I really don't know what is!!
Not knocking mortgages but find it interesting that people forget about them conveniently when talking about debt.
Default on a mortgage and you really are in the deepest of deep merde.
If that isn't a debt, then I really don't know what is!!
Not knocking mortgages but find it interesting that people forget about them conveniently when talking about debt.
Default on a mortgage and you really are in the deepest of deep merde.
29 September 2007, 11:56 PM
#70
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At the moment i owe £650 on a credit card and that is it. Saying that! i have no money left in savings as it's all been spent on my house this past few months. New bathroom etc etc. i hate having no money in saveings so i'm trying like made to get some put away.
My mrs on the other hand is in about 15k worth of debt from uni.
My mrs on the other hand is in about 15k worth of debt from uni.
29 September 2007, 11:56 PM
#71
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Daz - They can repo you for 1%. Anyway - it will be interesting to see if Matteboy can justify the 'musing' of his rich friend or if he made it up and needs to leave again like he did with the fast boat and the crap car
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