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jiggerpokery

Idiotic Bbc Radio Show: First Rung

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Have Your Say:

http://news.bbc.co.uk/1/hi/programmes/insi...ney/5263974.stm

Transcript:

http://newsvote.bbc.co.uk/1/shared/spl/hi/.../first_rung.txt

CURWEN: What you’re looking at doing is a huge responsibility

because you might be taking on a property that’s worth what, 5 times

your annual income?

KOUBAYSSI: It is a lot but I feel ready. I’m at the stage of my

life now where I feel ready to make that commitment and take on that

responsibility.

CURWEN: To borrow the kind of money that you want, you’re

really talking about an interest-only mortgage. That’s risky.

KOUBAYSSI: Yeah, when I went through the figures with Ray,

the interest-only mortgage is the only one that’s really going to give me

the buying power to get the kind of property I want. Before I did this

programme I was like, no way interest-only mortgages. But after

speaking to Ray, I kind of changed my views quite drastically on that,

and I found out if I was disciplined enough, I could pay some extra

money per month on to my mortgage which I didn’t even know was a

possibility with interest-only mortgages - and that’s really appealing to

me.

CURWEN: Are you disciplined enough to do that?

KOUBAYSSI: At the end of the day, if I’m old enough to get a

mortgage on my own, I’m old enough to discipline myself to pay off

some of my capital, so I’m sure I’ll be able to do it. I’m just really

really excited about the possibility of getting on the property ladder.

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just read the transcript - that is an absolute fkg disgrace - that poor girl is going to get absolutely slaughtered - I don't think I've read anything so disgraceful for years - it reads like the perfect guide to what not to do when buying a property

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just read the transcript - that is an absolute fkg disgrace - that poor girl is going to get absolutely slaughtered - I don't think I've read anything so disgraceful for years - it reads like the perfect guide to what not to do when buying a property

I agree with you to a certain extent. However, these people are grown ups, not kids anymore. If they want to buy in right at the very top and take advice from silly little advisers, that's their problem. They're old enough to be lent money, they're old enough to lose it as far as I'm concerned - which of course she will.

I'm afraid people like this chap further re-inforce my opinion that the HPC is going pretty much to plan. "excited about getting on the housing ladder" - when people say this.....oh dear.

Edited by shermanator

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I agree with you to a certain extent. However, these people are grown ups, not kids anymore. If they want to buy in right at the very top and take advice from silly little advisers, that's their problem. They're old enough to be lent money, they're old enough to lose it as far as I'm concerned - which of course she will.

I'm afraid people like this chap further re-inforce my opinion that the HPC is going pretty much to plan. "excited about getting on the housing ladder" - when people say this.....oh dear.

Yeah....I heard programme too...all sums done on a worst case scenario of 5% IR

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I agree with you to a certain extent. However, these people are grown ups, not kids anymore. If they want to buy in right at the very top and take advice from silly little advisers, that's their problem. They're old enough to be lent money, they're old enough to lose it as far as I'm concerned - which of course she will.

you could give exactly the same argument about class a drugs.

does that mean that we should allow dealers to advertise their wares on telly and allow the naive to buy a couple of "E"'s????....even if the dealers are going to throw in a couple of spliffs in the price....or better still get the whole lot on a slate to be paid back whenever.

doesn't wash does it?????

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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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