????

Josh Wrote: ------------------------------------------------------- > > mmmm....but you rent for ever where as a > mortgage > > is normally done in 25 years...so no more > payments > > and you won an asset. > > > > Also, calculations of rent vs mortgage are > short > > term so tend to ignore: > > > > 1) increase in asset vale > > > > 2) inflation > > > > > > Ask someone what the rent was on say a 2 > bedroom > > house in East Dulwich in SE22 was 24 years ago > and > > what interest payments where for someone who got > a > > 100% mortgage on a 2 bedroom property 24 years > > ago...then compare what the latter is paying > > against the renter now! > > > Of course buying 24 yeas ago looks much better > than renting for the last 24 years, but the sums > don't stack up quite so favourably at the moment. > When house prices are falling it always makes > sense to rent rather than buy. er, I'm not talking micro-periods,this is a long term argument - house prices have fallen significantly now twice in that 24 year period and yet the basic sums will still be well in favour of the buyer...most of us hope to be around for more than 25 years of adulthood! As it happens, 24 years ago was not actually a great time to buy just before the crash on the late 1980s. If you'd boght 19 years ago for instance you'd be really laughning - but that's not the point, the point is that in the long term it makes sense. As I've said before, my house is my home not an investment portfolio but if you operate within a reasonable timespan of 25 years (or even 30 years if you increase your mortgage to Sean's point) of mortgage paying you end up with some equity (incase you need it )and no 'mortgage' payments, you pay rent for until you die

"This self-induced, masturbatory hysteria is a decadent luxury most people can't afford. " Polemic, Moi?

..erm....I'd heard it before

nope, I worked it out.......erm.....

People who pay taxes, haven't got expense accounts and are finding things tough are below contempt to the metropolitan elite of SE22, who are about as out of touch as Oliver Letwin's Tennis court repairs. Posturing "above the masses" crap.

Kanu

yup - mightly piseed off they look like scraping it:(

....Sean Bean, Neil Warnock....enuff said

Parliament needs blowing up, that's all *refound anarchist quids

...you happy with what they are doing with our money....or are you just above all this annoyance and petit borgeois anger? I know many poeple who work bleedin' hard for bugger all and whose taxes shouldn't go on John Prescott's bog, but they are just ordinary non-metropolitan people...who probably read the Daily Mail or even The Sun....

You pay my deposit and I might - in the meantime I'm getting on with earning money in a real job earning exports for my country, paying taxes and not telling people how to live their lives whilst sticking my own kids in private school and sticking my nose in the trough......

david_carnell Wrote: ------------------------------------------------------- > But who is going to pay for this serviced > apartment? The taxpayer. > > In central London, 600-odd managed apartments > isn't going to come cheap. > > Out of my own ignorance, which MP tried to get a > B&O TV? How about the Olympic Village when the athletes have gone...bung the twats in Stratford, Jubilee stright into Westminster. Plus, David, you talked earlier about insecurity of job.for MPS!!!!..Us in the Private Sector would love 5 year guaranteed contracts, with plenty of perks and non-compulsory attendance.....

What mikecg said - walk away for a while, don't overload

mmmm....but you rent for ever where as a mortgage is normally done in 25 years...so no more payments and you won an asset. Also, calculations of rent vs mortgage are short term so tend to ignore: 1) increase in asset vale 2) inflation Ask someone what the rent was on say a 2 bedroom house in East Dulwich in SE22 was 24 years ago and what interest payments where for someone who got a 100% mortgage on a 2 bedroom property 24 years ago...then compare what the latter is paying against the renter now!

Well at least the Hammers didn't let you down Annas

It was hardly a pricless Fresco in the first place was it.....really

Hope your dad had a good day anyway ladyG

That I fancy them beyond belief and that they're bright.....My gorgeous missus ticks both boxes

Man U 2/1 to beat Boro!!!!!!! Nah. Thanks for the Zola info though

Folks of Nunhead having one of their dogfights or similar malarkey

Dream on, dream on

Multi-millionairre Babara Follet, ?25,000 on security because she got mugged and felt insecure.....paid for by you and I...whose really been mugged here?

SeanMacGabhann Wrote: ------------------------------------------------------- > Whole heap o' sense from messrs Mark and *Bob* > there. > > I can't imagine most people would behave any > differently given the same rules - and I've heard > many people admit as much on the radio from back > when they used to work for companies that were > generous with expenses. It's time to change the > rules, so let's do that but spare the moral > outrage. And bear that outrage in mind next time > you submit a home contents claim on your insurance I've never made one or on travel- and if i did it would be honest and possibly scrutinised by a loss adjustor...don't assume your attitudes to insurance are everyone's ..although sadly they're probably the norm going by people's replies on here

...and how are they spending the rest of my money, probably REALLY REALLY well.....

...oh so it's alright then, everyones up to it, no moral compass needed here by our law makers paid by us, move on, everyone.....silly me for finding it an outrage