Britain stuck with high inflation, meagre growth..

[Robinho]

So logically, I take it, as you consider yourself not to be stupid, that you're up to your neck in debt?



You cretins make me split my sides laughing, you're just too stupid for words.
Like idiot savants, without the savant bit.

SAS don't you have a lot of property?

Aren't you basically doing or have done exactly what i'm saying?

[EternalOptimist]

Or you could add that 200k to a 300k mortgate, buy a 400k house. Pay off that 300k which will get easier and easier when inflation hits 10%. And end up with a house worth a lot more than 400k.

why pay £500,000 for a £400,000 house ?

why not just pay £400,000

why am I stupid and foolish for always being £100,000 ahead of you ?

I have a hundred grand in my isa and savings that you dont have. and I am foolish ??



er... ok

[Mich the Tester]

Yep, as long as you leverage the debt to be able to buy more physical assets you are a winner.

The idiots are the one that choose the big debt and then blow the money they have on crap, like rubbish Toyota cars and sheds that depreciate. They are known as Cretins.

Toyotas are quite good actually, witnessed by the number of them that survive African roads where all other cars fail.

[sasguru]

Yep, as long as you leverage the debt to be able to buy more physical assets you are a winner.

The idiots are the one that choose the big debt and then blow the money they have on crap, like rubbish Toyota cars and sheds that depreciate. They are known as Cretins.

So you're in massive debt too?

Give me strength.

[DimPrawn]

Toyotas are quite good actually, witnessed by the number of them that survive African roads where all other cars fail.

Do you live on an African road? No, so you don't need one.

[sasguru]

SAS don't you have a lot of property?

Aren't you basically doing or have done exactly what i'm saying?

I don't have any mortgage on any of it. Well a very small one on the Portuguese house.
HTH

So can you answer my question? Are you in massive debt? Or are you just posting complete bollux on here?

[Mich the Tester]

why pay £500,000 for a £400,000 house ?

why not just pay £400,000

why am I stupid and foolish for always being £100,000 ahead of you ?

I have a hundred grand in my isa and savings that you dont have. and I am foolish ??



er... ok

Because you do not understand. But personally I think you're probably better off not understanding in this case.

[Robinho]

why pay £500,000 for a £400,000 house ?

why not just pay £400,000

why am I stupid and foolish for always being £100,000 ahead of you ?

I have a hundred grand in my isa and savings that you dont have. and I am foolish ??



er... ok

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

[DimPrawn]

So you're in massive debt too?

Give me strength.

No I'm not, but it is clearly the way to be "a winner", since it leaves your pot of money so be spent on other assets.

The debt is almost free and guarenteed to be cheap for a very long time.

What's more likely, interest rates in the west rise, or more money is magically printed to allow cheap servicing of debt?

[Mich the Tester]

Do you live on an African road? No, so you don't need one.

Well I think the road into the village might have been built by M'Bongo's Building Contractors Ltd, yes.