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Anyone dumb enough to buy a fixed-rate 100% mortgage on a house for twice what it was worth in the middle of a blatant speculative bubble does not deserve much sympathy. I refused to buy at the time, despite being lectured on the necessity of "getting on the property ladder" by my family and my then girlfriend, who told me I was stupid and idiotic and I'd never afford a house if I didn't buy now because prices would rise forever.

Now I'm paying very reasonable rent while all those people are up to their necks in negative equity. I will therefore allow myself a brief moment of smugness:

[smug]
Fuck you, you ignorant asswipes. I win.
[/smug]

Of course there are those minority of people who had no choice but to buy, and they're getting shafted through no fault of their own. But this whole "You're not a real man if you don't own your house" malarkey (ignoring the fact that to all intents and purposes the Bank owns it and you're their personal bitch for the next 50 years) was the dumbest idea of the decade.
(Axeman Jim, Fri 23 Jan 2009, 12:02, 1 reply)

Absolutely
I know several of those people, the ones who basically tugged off the bank manager to get him to sign the 6x salary 30 year no deposit mortgage agreement so they could have a double garage and waggle their cock at their unfortunate neighbours.

I can't wait to see their faces next year when some knobwipe (very possibly me) buys their reposessed house for half what they paid. The urge to knock the fucker down and sell off the bricks just to watch them stand at the bottom of the driveway, sobbing as I gleefully destroy their dream, may well be too great to stand.

I've gone a bit postal here, sorry about that.
(NoveltyCondomHead Clanks Wams., Fri 23 Jan 2009, 12:15, closed)