Depressing

 

1. I really hate to say anything, but I paid off my house, after I quit my job in April.

   No mortgage, no payments. Just property taxes that mostly go to the greedy teachers’ union.

   Posted by Christopher       10/07/2011  at  11:11 AM  



2. The only thing keeping the UK housing market in zombie mode is the Bank of England stealing from the prudent to appease the profligate. House prices in the Bliar/Brown years increased at unsustainable levels. So what do they do? Print money and rob the savers. In 2008 the interest rate on my mortgage was 5.5% and the BoE rate was about 5% now it is 0.5% They should be closer to 5% but they know it would collapse house prices. Personally I think its a price worth paying. All these fools that got “liar loans” at six times their claimed salary will have to lump it. The can can’t just be kicked down the road forever.

   Posted by LyndonB       10/08/2011  at  06:02 AM  

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