Gah.
It's not a "reward"

It's free money. He hasn't "earned" the increase in house value, that has come through the sheer fucking luck of living in a country where house prices increase over time.

And anyway, those weren't my suggested rules, they were a flippant demonstration of the fact that people whining about having to pay 40% tax on a shitloand of unearned free money are being just a teensy wee bit selfish.

I apologise, I should have stuck to rapey bears.
( the mighty badger Aphrodite, on a bar stool, by your side, Wed 29 Aug 2012, 14:31, 1 reply, 12 years ago)

hahaha
i'd like to see you tell someone like my dad that the increase in value of his property as a consequence of his working for 40 years to pay off his mortgage, to say nothing of the price of everything else rising too, is "free money". i'd bring popcorn for that one!!

so, this rapey bear. is he single?
( rachelswipe with a fork, Wed 29 Aug 2012, 14:33, Reply)

Well, it is.
A mortgage is someone lending you money to buy something and demanding interest on it, swipe. You don't get for your car to be worth more at the end if you borrow the money to pay for it from someone.

what you work hard for is to earn a living. Your house is worth more purely because you live in the UK. Not because of anything that you've done. Pure blind luck of the draw, or more accurately, decades of economic growth.

I can't believe anyone with an ounce of intelligence would seriously use the "worked for decades to pay off some money that was borrowed from a bank" as a kind of justification for deserving some reward. All he's done is not break the terms of a loan agreement whilst a bank gave him some money and took the risk. Whoop-de-do. Well deserved, I'm sure you'll agree.
( the mighty badger Aphrodite, on a bar stool, by your side, Wed 29 Aug 2012, 14:38, Reply)

In fact, if you really think about it
Since the bank took the risk in lending the money, the bank should be entitled to a share of the profits, right? it's their money that's done the work. getting to keep 60% seems like a right fucking result to me when you really think about it.
( the mighty badger Aphrodite, on a bar stool, by your side, Wed 29 Aug 2012, 14:43, Reply)

the bank has had its share of the profits
as you'll see when you look at what is repaid versus what is borrowed.

the rest is spurious. SPURIOUS.
( rachelswipe with a fork, Wed 29 Aug 2012, 14:46, Reply)

It really isn't, you know.
Not in the slightest.
( the mighty badger Aphrodite, on a bar stool, by your side, Wed 29 Aug 2012, 14:52, Reply)

it assumes that one cares about other people
and doesn't think they are all complete cunts, though
( rachelswipe with a fork, Wed 29 Aug 2012, 14:55, Reply)

granted, granted.

( the mighty badger Aphrodite, on a bar stool, by your side, Wed 29 Aug 2012, 15:05, Reply)