Did I understand right when I took that to mean you only have 6% outstanding on your mortgage?

Your only worry is that you might not be able to get out of the "rat race"? That you might not be able to invest in shares?

I'd get out my tiny violin to play a sad tune for you, but I had to sell it. I'll get some Palestinian orphans to club together and buy you a sympathy card.
(Musuko, Thu 22 Jan 2009, 17:54, 1 reply)

No
The interest rate is 6%. That is a fair whack over what it's possible to get from saving. Therefore it would make sense to pay of the mortgage. Except that would lock in the 30% drop in the value of the money.

Really, you can put the violin away, I'm still doing OK. But I have never been someone who's had all that much money and the amount that's been wiped out from what I would have had if the lawyers had removed their thumbs from their asses is stunning to me.
(Richy_T hundreds if not thousands of dollars, Thu 22 Jan 2009, 21:54, closed)

I told you, I had to sell it. :P

In all seriousness anyway, surely if the money you're getting is decent you'll be able to get it into one of those high interest accounts available for people with lots of money to save.

6% isn't that high for a mortgage. Mine's higher than that.

You can't blame Blair/Brown for fucking up Britain's economy...to do that would assume the government has way more power and influence over economic affairs than they actually do.

In any case, 70% of money for nothing is still money for nothing.

As for governments printing money when they don't have any, that doesn't happen; for a start, the Bank of England has that job, and by and large it does what it likes, not what the government tells it to do. If the government needs more money, it comes out of our pocket through taxes, or they sell off something, or they borrow it from a bank that has got money.

So it won't be wheelbarrows full of money; it'll be years of us lot paying off the government's debts. Possibly a small price to pay to put a boot up the arse of irresponsible lending and borrowing.
(Musuko, Fri 23 Jan 2009, 0:37, closed)