Funniest thing in ages

[pswnio]

That you're best off keeping your bankroll where it is...

[matt674]

or building it big enough so you can buy houses and not have to worry about mortgages...........

[pswnio]

No, no, no. Build your bankroll to a million, spend it on a house, and then have the value reduced to £1000? That makes even less sense than getting excited about a 140% overround on a first goalscorer market

[kinboshi]

A collapse in the housing market wouldn't be a bad thing for me.  It would mean that the cost difference between what I'm in now, and a bigger house (for when we have a family, etc.) is smaller and more realistic.  We bought in a cheaper area in order to buy a house within our means.

Now thats a great angle! By the way, I met Mrs Kinboshi at the weekend - what a lovely lady she is. Don''t know what she sees in him though.

My bankroll?    No, can't be that...

[ACE2M]

I was wincing when i first started to read it, why didn't they stop and think about it for a min.

Betfair will have to plug that hole and will have to pay the losses, no legal contract between the punters.

Nice one flushy fo bringing this to our attention.

[Longy]

Wow that read was like watching a car crash in slow motion. As someone who actually made their sole living for a summer abritrage betting, i have quite a bit of experience in this field. All i can say is idiots, all of them.

Before you do anything in this kind of field do some research on the rules, don't use a piece of software, you don't understand. Actually know something about what you are betting on, anyone with some knowledge of football knew that Wenger was probably going to play the kids yesterday.

Im not sure i find it funny, more amazing how greedy and dumb some people can be.

[KingPoker]

Im fortunate in the fact that there is a house waitin for me if i want it. Im only 21 though and just feel its a bit too early for all that malarky so will give it a year or 2 more.
But the reason im posting is the rent/buy debate and the answer is very simple and very logical.

People buy if they want to give an inheritance, or that is the way of thinking around here.
There is nothing wrong with renting but when you go, you leave nothing (well not nothing but im not sure what the deal on inheritance tax is with savings) and thats your choice.

But im sure maybe, 10 years down the line i will buy a house and i disagree that people cant aford to borrow 5x their mortgage because surely (speking from a logical and maybe very ignornant perspective) that the mortgage lender would not lend to someone they could not get the money back from! Obvously the house is there as a safeguard for them but surely it doesnt work like that!

[boldie]

But im sure maybe, 10 years down the line i will buy a house and i disagree that people cant aford to borrow 5x their mortgage because surely (speking from a logical and maybe very ignornant perspective) that the mortgage lender would not lend to someone they could not get the money back from! Obvously the house is there as a safeguard for them but surely it doesnt work like that!

my friend, that is exactly how it works. the bank doesn't run any risks in the deal and you personally stand to lose everything.

[KingPoker]

As i said it was a very ignornant perspective 

[thetank]

Boldie, when everyone struggles to pay their mortgage, lots of them lose their houses, and you're busy doing your little dance for joy, won't they all have less money to play poker with?

[matt674]

Boldie, when everyone struggles to pay their mortgage, lots of them lose their houses, and you're busy doing your little dance for joy, won't they all have less money to play poker with?

If they are struggling to pay the mortgage then they shouldn't be playing poker in the first place!!

[boldie]

Boldie, when everyone struggles to pay their mortgage, lots of them lose their houses, and you're busy doing your little dance for joy, won't they all have less money to play poker with?

If they are struggling to pay the mortgage then they shouldn't be playing poker in the first place!!

yep...

[thetank]

I think you're missing my point. A receding tide sinks all ships.

[matt674]

I think you're missing my point. A receding tide sinks all ships.

There are plenty more fish in the sea USA..............

[boldie]

I think you're missing my point. A receding tide sinks all ships.

it does..but a housing crash in the UK does not impact everybody worldwide. Most people don't stretch themselfes too far and yes it will hurt them but not with the same catastrophic consequences it has for people who, essentially, live above their means.