Britain stuck with high inflation, meagre growth..

[EternalOptimist]

Do you mean to say you're a happy person that doesn't really worry about the 'value' of your house?

if a tin of beans cost £5000 and I wanted one, I would have a problem
but if they would take a tin of tomatoes, why would I worry ?

the only two times I would concern myself over the 'value', are the first time I had to lay out for one
and the last time I sold one

[Mich the Tester]

if a tin of beans cost £5000 and I wanted one, I would have a problem
but if they would take a tin of tomatoes, why would I worry ?

the only two times I would concern myself over the 'value', are the first time I had to lay out for one
and the last time I sold one

Yep, that's pretty much my attitude.

[Robinho]

That's a big prediction.

No it isn't.

But it doesn't matter anyway, i never said buy a house necessarily, that is just a good example of an asset that will be very likely to rise in value. My point was that (effectively) negative interest rates have made taking on a certain level of debt the most sensible course of action.

[Mich the Tester]

I'd much rather live in a comfy home and have lots of nice holidays and trips than a fecking big mansion and no cash to do anything.

I've experienced both and I think you're right.

[Mich the Tester]

No it isn't.

But it doesn't matter anyway, i never said buy a house necessarily, that is just a good example of an asset that will be very likely to rise in value. My point was that (effectively) negative interest rates have made taking on a certain level of debt the most sensible course of action.

No they haven't. They've made saving a less attractive option; that doesn't mean that borrowing has become the best option.

[EternalOptimist]

CM lost interest ages ago when someone mentioned Jack Bauer ..... oh, that was me was't it

Seriously though I have been reading it, although not really understanding everything.

I'd much rather live in a comfy home and have lots of nice holidays and trips than a fecking big mansion and no cash to do anything.

damn fine words.

[DimPrawn]

I think a lot of you are missing the point, but never mind.

As long as you are enjoying yourselves that's all that matters.

If you have no money and no debt you've got nothing to lose. Those with money and those with debt have got the most to lose.

However, there has never been a better time to be in debt, at the expense of those that aren't. And if you are going to take advantage of that situation, best to load up on a mixture of assets and let those who are working and saving pay for it.


The prudent are making the feckless rich.

[EternalOptimist]

As saving has become less attractive, I have taken to buying a new car every two years and going on massive holidays and helping the kids pay off their mortgages

but I paid all that from savings, not through debt

[Mich the Tester]

damn fine words.

There are whole sectors of 'the economy' whose business model is based on people like us borrowing tuliploads of money to buy a 'fecking big mansion'. Trouble is, I know more and more people like us who aren't doing that.

[Robinho]

No they haven't. They've made saving a less attractive option; that doesn't mean that borrowing has become the best option.

On average, yes it has.