tag:blogger.com,1999:blog-25545975.post8100843879623081550..comments2023-11-14T09:15:20.266+00:00Comments on Anti-Citizen One: AntiCitizenOnehttp://www.blogger.com/profile/00017073518049848696noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-25545975.post-61562745975926096562008-10-29T21:46:00.000+00:002008-10-29T21:46:00.000+00:00Nice find, AC1, baffling, isn't it?nmmm.nu, the £1...Nice find, AC1, baffling, isn't it?<BR/><BR/>nmmm.nu, the £120k loan = 4 x £30k so they've borrowed four times their annual income (unclear whether it's gross or net, presumably net). <BR/><BR/>You seem to be assuming they are paying the mortgage off in 5 years. Hardly! The interest rate is just fixed at a low rate for that period, it'll then go variable thereafter.<BR/><BR/>Summary: they bit off far more than they can chew and need to grow up and get their priorities in order.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-25545975.post-52797164095966324572008-09-08T10:04:00.000+01:002008-09-08T10:04:00.000+01:00>>> who could have known in sept 2007 wit...>>> who could have known in sept 2007 with Northern Rock collapsing that we would have a housing crisis...<BR/><BR/>I? :-)NMMM.NUhttps://www.blogger.com/profile/03498174084265748638noreply@blogger.comtag:blogger.com,1999:blog-25545975.post-42713265351453799682008-09-06T12:40:00.000+01:002008-09-06T12:40:00.000+01:00What I mean is, if their income is 30k a year, the...What I mean is, if their income is 30k a year, their 'take home' pay would probably be around 1700 quid a month, give or take. I don't get where the figures come from from the previous commenter. And I wasn't being rude! If thats your income, to get yourself a mortgage thats costs 800 a month is just insanity.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-25545975.post-11978747517351751382008-09-05T22:16:00.000+01:002008-09-05T22:16:00.000+01:00who could have known in sept 2007 with Northern Ro...who could have known in sept 2007 with Northern Rock collapsing that we would have a housing crisis...<BR/><BR/>I'd laugh if I was not finding things hard myself, hubris etc.CityUnslickerhttps://www.blogger.com/profile/15929544047783163175noreply@blogger.comtag:blogger.com,1999:blog-25545975.post-38177238447248776222008-09-05T21:38:00.000+01:002008-09-05T21:38:00.000+01:00Rick,Maybe you could expand on your rude comment o...Rick,<BR/><BR/>Maybe you could expand on your rude comment or I'll think about deleting it.AntiCitizenOnehttps://www.blogger.com/profile/00017073518049848696noreply@blogger.comtag:blogger.com,1999:blog-25545975.post-77233459162943976582008-09-05T18:16:00.000+01:002008-09-05T18:16:00.000+01:00What the fuck are you on about?What the fuck are you on about?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-25545975.post-17829141968024382842008-09-04T22:46:00.000+01:002008-09-04T22:46:00.000+01:00hu hu, one more comment:Monthly payment: 5 Years I...hu hu, one more comment:<BR/><BR/>Monthly payment: 5 Years <BR/>Interest rate: 5.000% <BR/>Loan amount: $ 122,000.00 <BR/><B>$ 2,302.29 a month</B>NMMM.NUhttps://www.blogger.com/profile/03498174084265748638noreply@blogger.comtag:blogger.com,1999:blog-25545975.post-91461660126683505562008-09-04T22:40:00.000+01:002008-09-04T22:40:00.000+01:00>>> 4 times their COMBINED earningssory t...>>> 4 times their COMBINED earnings<BR/><BR/>sory to spam, but what do you mean? <BR/><BR/>30K / 12mo = 2.50K. <BR/><BR/>So they have 2500 GBP each mo. <BR/><BR/>800 GBP go to house, rest 1700 GBP is to spend. <BR/><BR/>Mortgage is fixed, so they are not in trouble, unless they lost their jobs.<BR/><BR/>Isn't it? Where is the catch?<BR/><BR/>Do you mean 122K / 4 = 30K, if so probably there are some mistake, because loan is 5 year.<BR/><BR/>Just made some *lame* calculation and I calculated that the payments must be NOT 800 GBP, but 2500 GBP instead, which means real payment must be ~1500 GBP.NMMM.NUhttps://www.blogger.com/profile/03498174084265748638noreply@blogger.comtag:blogger.com,1999:blog-25545975.post-42869418960596532642008-09-04T22:30:00.000+01:002008-09-04T22:30:00.000+01:00Excelent post.However, I am once again amazed, how...Excelent post.<BR/>However, I am once again amazed, how IT people do not know such simple things like housing bubble...NMMM.NUhttps://www.blogger.com/profile/03498174084265748638noreply@blogger.com