Britain stuck with high inflation, meagre growth..

[Mich the Tester]

Maths tip: you can't pay 400k for a 400k house if you only have 200k.

So buy a 200k house and get out and enjoy life.

[sasguru]

No I'm not, but it is clearly the way to be "a winner?

So don't you want to be a "winner", then? Go out and get loads of luverly debt. Then you can really be "Rich Dim the Winner".



It's lucky I'm alone at home and the nanny is out - she'd think I've gone mad tittering and spluttering at you gormless cretins.

[DimPrawn]

So buy a 200k house and get out and enjoy life.

If £200K could actually buy a house, that would be a great plan.



Better to put £200K down, borrow £299,800,000 and buy that gaff in London.

[EternalOptimist]

Maths tip: you can't pay 400k for a 400k house if you only have 200k.

common sense tip: who said i only had 200,000?

[Robinho]

So buy a 200k house and get out and enjoy life.

The point is you would be better off with that 400k house. Most people don't have 200k lying around and the people that do would have been better off getting a mortgage out earlier instead of saving up that much.

[Mich the Tester]

If £200K could actually buy a house, that would be a great plan.

Mine cost less than that and it is perfectly satisfactory for what I want to do with it.

[Robinho]

common sense tip: who said i only had 200,000?

You in your earlier example.

[Mich the Tester]

The point is you would be better off with that 400k house. Most people don't have 200k lying around and the people that do would have been better off getting a mortgage out earlier instead of saving up that much.

Ah, that's hindsight. That's different to making predictions. Easier too.

[DimPrawn]

common sense tip: who said i only had 200,000?

What we are saying is, whatever you have, only put in as much as is needed to secure the property as the lowest mortgage rate.

What's left over, buy other physical assets.

Roll forward 10 or 20 years, and your mortgage is paid off and you have lots of very valuable assets to sell.

Those who kept the cash in the bank will be using it to buy a loaf of bread.

Negative real interest rates rob those that have to pay those that don't.

[Robinho]

Ah, that's hindsight. That's different to making predictions. Easier too.

I have made predictions based on the government policies i am complaining about. Feels as if we're going around in circles here.