Comments on: UK Credit: Latest http://tygerland.net/2006/05/18/uk-credit-latest/ occasionally acerbic, cultural and political comment Tue, 06 Jan 2009 12:18:55 +0000 http://wordpress.org/?v=2.6.5 By: Jose http://tygerland.net/2006/05/18/uk-credit-latest/#comment-303 Jose Sat, 20 May 2006 13:34:56 +0000 http://tygerland.net/?p=565#comment-303 I further suggest that the banks lengthening the span of their loans has made for the builders to increase the prices of homes. Both "they" have won a lot with this new system. But buyers find themselves in a lifetime of debt. The purchase of homes is no longer the investment it was years ago. Someone buying a house compared the monthly instalment with a rent, and it usually was more interesting than paying the rent. Now it is no longer an investment because the length of the period of the debt is frequently converted into a negative inheritance for the children. I further suggest that the banks lengthening the span of their loans has made for the builders to increase the prices of homes. Both “they” have won a lot with this new system. But buyers find themselves in a lifetime of debt. The purchase of homes is no longer the investment it was years ago. Someone buying a house compared the monthly instalment with a rent, and it usually was more interesting than paying the rent. Now it is no longer an investment because the length of the period of the debt is frequently converted into a negative inheritance for the children.

]]> By: tyger http://tygerland.net/2006/05/18/uk-credit-latest/#comment-300 tyger Sat, 20 May 2006 12:56:06 +0000 http://tygerland.net/?p=565#comment-300 <blockquote>“They” are building a world of debtors I am afraid. ~ Jose</blockquote> An interesting suggestion that should be further developed.

“They” are building a world of debtors I am afraid. ~ Jose

An interesting suggestion that should be further developed.

]]> By: Jose http://tygerland.net/2006/05/18/uk-credit-latest/#comment-297 Jose Sat, 20 May 2006 06:16:20 +0000 http://tygerland.net/?p=565#comment-297 "They" are building a world of debtors I am afraid. Loans increasing is not a way to make a country's people develop regularly. “They” are building a world of debtors I am afraid. Loans increasing is not a way to make a country’s people develop regularly.

]]> By: Richard W. Symonds http://tygerland.net/2006/05/18/uk-credit-latest/#comment-287 Richard W. Symonds Thu, 18 May 2006 18:44:08 +0000 http://tygerland.net/?p=565#comment-287 Thank you, GE Capital ! Thank you, GE Capital !

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