Tuesday, Aug 20, 2013

The gap between mortgage slave and rent slave narrows

Graniard: Interest-only mortgages make a return

A big part of the appeal of a mortgage vs rent is that your liability is nominally fixed and only subject to changing interest rates, not rental inflation. This nice little product builds in an automatic housing cost increase after 3 years

Posted by mombers @ 09:31 AM (5680 views)
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8 Comments

1. i remember the 90`s said...

Sounds great but when interest rates rise in about 3 years time those repayments could well be a grand and a half so its a no from me.

Tuesday, August 20, 2013 09:49AM Report Comment
 

2. taffee said...

so back to what crashed th US house mkt and world economy then

astonishing

Tuesday, August 20, 2013 09:59AM Report Comment
 

3. hpwatcher said...

so back to what crashed th US house mkt and world economy then

astonishing


It's amazing isn't it? These people are just going to keep on going.........currency crisis, here we come.

Tuesday, August 20, 2013 10:37AM Report Comment
 

4. khards said...

@hwp - I think that is what it will take as they will not stop on their own accord. The markets will have to force them.

Vote Labour at the next election and tell everyone you know to stock up whilst property is cheap. buy a large stock of popcorn and gold then sit back and watch.

Well that's what the wealthy are doing, you don't think that they are stocking up on GBP or leveraged BTL investments do you? they are in the process of quietly flogging their overpriced London gaffs to johnny foreigner and investing in Europe.

Tuesday, August 20, 2013 10:43AM Report Comment
 

5. taffee said...

anyone feeling there seems to be an across the board spin on buy buy buy buy everything is okay now?

Tuesday, August 20, 2013 10:48AM Report Comment
 

6. hpwatcher said...

@hwp - I think that is what it will take as they will not stop on their own accord. The markets will have to force them.


Of course all the gold is heading towards the east, the fools in the west are busy blowing themselves up!


anyone feeling there seems to be an across the board spin on buy buy buy buy everything is okay now?

All hype and propaganda.

Tuesday, August 20, 2013 10:52AM Report Comment
 

7. mark wadsworth said...

UK ten-year gilt interest rates (which must be a bench mark for something) are ticking up nicely, up from a low of 1.3% or something ridiculous a year ago to nearly 2.8% now.

Tuesday, August 20, 2013 12:52PM Report Comment
 

8. Reallyneedtoregister said...

I too remember the 90's, but I believe you're worrying unecessarily:

Interest rates will never be allowed to rise. Everything will be done (and is being done) and everything sacrificed (nothing is sacred) to ensure that the greed mongers will endure.

Tuesday, August 20, 2013 01:22PM Report Comment
 

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