Reply to: any homes 'using credit cards to pay mortgage'

[AtW]

Has anyone ever found a way of gently deflating a bubble?

It's possible, but it is necessary to WANT deflating the baloon in the first place: hands up who wants value of his house to drop 50%+ to reach anything near fair value (tm)?

[Tarquin Farquhar]

Anyone who spends more than they earn should be in deep trouble. Yet somehow it has become not only acceptable but seen as helping the economy.

I think the present case is not of people consistently trying to spend more than they earn, but rather of people finding out that even if you were prepared to downsize the accommodation to suit the downsized income, 2009 was hell and gone from being a good time to sell up. Better to hang on to the house for the recovery, at any price.

[RichardCranium]

Has anyone ever found a way of gently deflating a bubble?

If you put a bit of Sellotape on a balloon you can pierce it with a pin and it goes down slowly.

Maybe there's a way with bubbles, and economies.

[BrilloPad]

Essential....

... to keep the bubble pumped up...

Has anyone ever found a way of gently deflating a bubble?

[centurian]

Anyone who spends more than they earn should be in deep trouble. Yet somehow it has become not only acceptable but seen as helping the economy.

Essential....

... to keep the bubble pumped up...

[AtW]

PS in 2008 weren't you predicting I would be made unemployed in 2009.

I was wrong on this one, but there is always next year

[scaramanga]

Don't they take credit card payment?

Even if they did it would still come off as a cash advance.

I once found this out when I accidently bought some foreign currency at gatwick with my credit instead of debit card. Didn't notice until I got the bill.

[blacjac]

No

[Scary]

Cash advance charges would surely more than offset any benefits.

Don't they take credit card payment?

[scaramanga]

Jaaaaaag

ETA: seems like a good idea if you can put mortgage payments through the CC (provided you pay the balance off each month) gaining up to 1 month's free interest on the money plus any points, air miles etc.

Cash advance charges would surely more than offset any benefits.

[sasguru]

blah blah witter gurn drool

'Nuff said.

[sasguru]

Assuming he can summon that much bile that is.

I could always nick some of yours.

[shaunbhoy]

Nothing would change if you became unemployed...

Are you kidding? For starters it would mean that some sections of the GW Lobby would need to find some other malleable drone to cook the books for them stat wise.
And it could mean no more posting on here for sg. Now I know this particular Village has no shortage of idiots, but he really is the Jewel in the Crown.

[Scary]

Jag

Jaaaaaag

ETA: seems like a good idea if you can put mortgage payments through the CC (provided you pay the balance off each month) gaining up to 1 month's free interest on the money plus any points, air miles etc.

[BrilloPad]

Nothing would change if you became unemployed...

I suspect he would have alot more time for posting on cuk. Assuming he can summon that much bile that is.