Interest rates
08 August 2013, 03:24 PM
#61
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My parents and two sisters dreaful with money (keep having to bail them out with loans!) so sort of makes us extra cautious.
We take risks in other ways instead.
We take risks in other ways instead.
08 August 2013, 05:53 PM
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Matteeboy, you're lucky to rent a £700k house for £1,000 pcm. We bought our house in 2011 for £320k and we're renting it out for £1,350 pcm at the moment.
We rented for most of 2010 as we were new to the area, but my wife insisted we buy as soon as possible otherwise we could get priced out. That £320k house would now cost £400k.
We rented for most of 2010 as we were new to the area, but my wife insisted we buy as soon as possible otherwise we could get priced out. That £320k house would now cost £400k.
08 August 2013, 06:08 PM
#66
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Matteeboy, you're lucky to rent a £700k house for £1,000 pcm. We bought our house in 2011 for £320k and we're renting it out for £1,350 pcm at the moment.
We rented for most of 2010 as we were new to the area, but my wife insisted we buy as soon as possible otherwise we could get priced out. That £320k house would now cost £400k.
We rented for most of 2010 as we were new to the area, but my wife insisted we buy as soon as possible otherwise we could get priced out. That £320k house would now cost £400k.
But that sounds good so nicely done.
Last edited by Matteeboy; 08 August 2013 at 06:16 PM.
08 August 2013, 06:33 PM
#67
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The writing is now on the wall.
Anybody who holds cash as an 'investment' or for a return is screwed (for the next few years)
Anybody who continues to do so deserves everything they get ie an erosion of the value of their cash pile. You can't just expect to be paid for for parking your money in an account at zero risk. Do something with the money or you'll slowly lose it.
Anybody who holds cash as an 'investment' or for a return is screwed (for the next few years)
Anybody who continues to do so deserves everything they get ie an erosion of the value of their cash pile. You can't just expect to be paid for for parking your money in an account at zero risk. Do something with the money or you'll slowly lose it.
Anyway returns on cash deposits are not completely risk free. Banks can fold.
08 August 2013, 06:35 PM
#68
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Not trying to be self-congratulatory, it was simply a case of it being cheaper to buy, needing a place to live, worried about being priced out if we continued to rent, and wanting to be able to put a picture hook up if we wanted :-) It was never meant as a 'shrewd' investment or anything like that.
08 August 2013, 06:37 PM
#69
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Not trying to be self-congratulatory, it was simply a case of it being cheaper to buy, needing a place to live, worried about being priced out if we continued to rent, and wanting to be able to put a picture hook up if we wanted :-) It was never meant as a 'shrewd' investment or anything like that.
We're allowed to re-paint and re-carpet the place is we want; which we might do. We look after places we rent and so tend to get a lot of flexibility.
08 August 2013, 06:45 PM
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We bought it to live in, but in early 2012 circumstances changed and at the end of last year we inherited a house (long and unhappy story). Not sure what to do at the moment so currently it is rented out and we live in the other house.
08 August 2013, 06:47 PM
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08 August 2013, 07:29 PM
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What complete rubbish.
Cash is king and always has been. We're losing far less than a mortgaged up chancer and we simply replace it with more using the business. Which makes far more than an extra percent "invested shrewdly."
Of course with your job you don't need to worry about the economy or business climate; just spend away like most of the doctors I know. I can't believe how many have almost nothing left after pay day; I'd sooner take financial advise from a gambling addict than a doctor ;-)
Cash is king and always has been. We're losing far less than a mortgaged up chancer and we simply replace it with more using the business. Which makes far more than an extra percent "invested shrewdly."
Of course with your job you don't need to worry about the economy or business climate; just spend away like most of the doctors I know. I can't believe how many have almost nothing left after pay day; I'd sooner take financial advise from a gambling addict than a doctor ;-)
Mattee, I'm sorry but you are an idiot and have no idea what you are talking about.
If you think cash has been king over the last couple of years you are on a different planet and deserve everything you get.
If you can't see what has happened to cash over the last couple of years compared to equities or London (or other major international Cities) property you have sh7te in your eyes
Equities
http://moneyweek.com/prices-news-charts/ftse-100/
An example of London property
http://www.standard.co.uk/business/b...3-8671315.html
You can leverage in both examples and multiply the gains many fold. You just need to have the intellect to know when to be in and when to be out. And you need some *****, which I suspect despite your endless tales of how adventurous you are you lack. Maybe they've shrunk with all that time you spend in cold water.
And before you even think about it don't make a fool of yourself by implying I'm some kind of mortgaged up chancer because I'm not. There was a time to accumulate cash and that's what I did, but that time is gone for now.
As for your juvenile comments about doctors you know spending all their money and being skint blah blah blah; I'm not even sure how to respond to such a retarded thing to say. How on earth you could generalise about the financial situation of all the thousands of doctors out there is beyond me.
There are two doctors on this thread right now ie JBanks and I. You can be pretty sure that neither of us are skint at the end of the month.
You may not want to take financial advice from a doc. But whatever you do don't show your wife this thread or she'll realise that her family finances are in the hands of an idiot
08 August 2013, 07:42 PM
#74
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I'm so glad my taxes pay people like you to be such an ego-centric waffling goon.
My advice comes mainly from two extremely wealthy relatives as well as doing my own research. Both self made people with a million times more business know how than a state funded spoilt rich boy will ever have.
Yes it was a generalisation but thanks for sticking in yet another reference to how well your government paid, subsidised finances are doing.
I'm off to do some proper work in the real World, not some artificial bubble.
As for the adventurous "snipe" - sorry you don't get time to do anything exciting other than boring others at the odd dinner party; maybe the cushy life isn't so great after all?
I find doctors boasting about their wealth in poorer taste than bankers.
My advice comes mainly from two extremely wealthy relatives as well as doing my own research. Both self made people with a million times more business know how than a state funded spoilt rich boy will ever have.
Yes it was a generalisation but thanks for sticking in yet another reference to how well your government paid, subsidised finances are doing.
I'm off to do some proper work in the real World, not some artificial bubble.
As for the adventurous "snipe" - sorry you don't get time to do anything exciting other than boring others at the odd dinner party; maybe the cushy life isn't so great after all?
I find doctors boasting about their wealth in poorer taste than bankers.
Last edited by Matteeboy; 08 August 2013 at 07:44 PM.
08 August 2013, 07:43 PM
#75
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Originally Posted by Dingdongler
You can leverage in both examples and multiply the gains many fold. You just need to have the intellect to know when to be in and when to be out. And you need some *****, which I suspect despite your endless tales of how adventurous you are you lack. Maybe they've shrunk with all that time you spend in cold water.
08 August 2013, 08:01 PM
#76
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I'm so glad my taxes pay people like you to be such an ego-centric waffling goon.
My advice comes mainly from two extremely wealthy relatives as well as doing my own research. Both self made people with a million times more business know how than a state funded spoilt rich boy will ever have.
Yes it was a generalisation but thanks for sticking in yet another reference to how well your government paid, subsidised finances are doing.
I'm off to do some proper work in the real World, not some artificial bubble.
As for the adventurous "snipe" - sorry you don't get time to do anything exciting other than boring others at the odd dinner party; maybe the cushy life isn't so great after all?
I find doctors boasting about their wealth in poorer taste than bankers.
My advice comes mainly from two extremely wealthy relatives as well as doing my own research. Both self made people with a million times more business know how than a state funded spoilt rich boy will ever have.
Yes it was a generalisation but thanks for sticking in yet another reference to how well your government paid, subsidised finances are doing.
I'm off to do some proper work in the real World, not some artificial bubble.
As for the adventurous "snipe" - sorry you don't get time to do anything exciting other than boring others at the odd dinner party; maybe the cushy life isn't so great after all?
I find doctors boasting about their wealth in poorer taste than bankers.
History repeats itself. In the past whenever you've been in a corner you start waffling on about your rich relatives. It's quite sad and pathetic and smacks of 'my dad is bigger than yours etc'
Talk about yourself not your 'millionaire relatives'
Now as for you paying my wages or subsidising my lifestyle with your taxes I would say there is a good chance the opposite is true.
I probably fund your children to go to state school and use the NHS and I use neither
08 August 2013, 08:05 PM
#78
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Careful with that hubris Ding. I already showed you what you believe is crowd behaviour (which your giant intellect is so good at predicting) is really more or less the result of political decisions by one actor (the state). You're not the first person to think himself exceedingly smart after running with a bull market.
Sorry mate but I don't really take in 99% of your posts. You can't seriously expect me to waste time reading the economic opinion of a thirty year old who rents a one bed flat in Liverpool, studies Sociology and aspires to live on a barge.
08 August 2013, 08:11 PM
#79
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08 August 2013, 08:14 PM
#81
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You're an overpaid civil servant; nothing more. A large reason the economy is struggling so hard to recover.
The private school we sent our boy to for a while was full of similarly minded doctors with a huge inflated opinion of themselves. About as interesting as watching wind erosion on a block of granite.
Last edited by Matteeboy; 08 August 2013 at 08:21 PM.
08 August 2013, 08:25 PM
#82
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08 August 2013, 08:31 PM
#83
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Your opinion of yourself is genuinely hilarious.
You're an overpaid civil servant; nothing more. A large reason the economy is struggling so hard to recover.
The private school we sent our boy to for a while was full of similarly minded doctors with a huge inflated opinion of themselves. About as interesting as watching wind erosion on a block of granite.
You're an overpaid civil servant; nothing more. A large reason the economy is struggling so hard to recover.
The private school we sent our boy to for a while was full of similarly minded doctors with a huge inflated opinion of themselves. About as interesting as watching wind erosion on a block of granite.
How did you decide that I'm overpaid?
What do you think I should be paid for saving your child's life?
Last edited by Dingdongler; 08 August 2013 at 08:32 PM.
08 August 2013, 08:38 PM
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08 August 2013, 08:45 PM
#85
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08 August 2013, 08:49 PM
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Aye up fellas.
Good to see we are getting back to the Scoobynet of old !!!
Bit of sparring ,left right ,jab jab and all that!!!
Can I just remind you all of the "House prices now at 2004 levels" thread.
Which gimps where spouting years back that interest rates were going to sky rocket ??
I think I said back then get them mortgages paid down fellas while rates are low.
The scaremongers where telling us how hard life was going to get "very soon"...
To those who took my advice, well done.
To those who scoffed ... theres always next time !!!
Round Two ..!!
Good to see we are getting back to the Scoobynet of old !!!
Bit of sparring ,left right ,jab jab and all that!!!
Can I just remind you all of the "House prices now at 2004 levels" thread.
Which gimps where spouting years back that interest rates were going to sky rocket ??
I think I said back then get them mortgages paid down fellas while rates are low.
The scaremongers where telling us how hard life was going to get "very soon"...
To those who took my advice, well done.
To those who scoffed ... theres always next time !!!
Round Two ..!!
08 August 2013, 09:07 PM
#87
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Im with Ding and njkmrs on this. I remember all them old threads and I remember Matteboys bollox. I do seem to recall a second username he used on different forums which contradicted alot of what he put on SN. Was quite comical actually. Ive never believed a thing that guy put on SN. Self righteous pillock.
If people think house prices are going to go much lower than what they have been these last 2 years then theyre sadly mistaken. Nobody in their right mind needs to sell, especially now peoples fixed rates are running out and about to drop on a minimal interest rate for their mortgages. Normal service should be resumed. Im just hoping its not a green light for people like the energy companies or petrol companies to think we all have spare cash to spend on gas than nobody is using through the summer months
If people think house prices are going to go much lower than what they have been these last 2 years then theyre sadly mistaken. Nobody in their right mind needs to sell, especially now peoples fixed rates are running out and about to drop on a minimal interest rate for their mortgages. Normal service should be resumed. Im just hoping its not a green light for people like the energy companies or petrol companies to think we all have spare cash to spend on gas than nobody is using through the summer months
Last edited by davegtt; 08 August 2013 at 09:14 PM.
