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Old 12.06.2020, 21:35
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Re: double bottom - How low

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Not if the assets fell in value v inflation which is what happened, very easy to go bankrupt in such a scenario, many did.
You're conflating the value of the debt with that of the house it's secured with. With the balance of those two, rather.
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  #22  
Old 13.06.2020, 12:27
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Re: double bottom - How low

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You're conflating the value of the debt with that of the house it's secured with. With the balance of those two, rather.
If an asset geared in the UK unto 20:! falls 25% the loss is 5 times the deposit. If you could not pay 17% interest you had a problem, a very real problem that todays debt junkies don't believe could happen as they only remember interest rates sub 5%. I remember in 1987 it was possible to fix mortgages at 9.9% for 25 years, looked quite attractive based on the previous 25 years of interest rates.
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Old 13.06.2020, 12:46
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Re: double bottom - How low

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If an asset geared in the UK unto 20:! falls 25% the loss is 5 times the deposit. If you could not pay 17% interest you had a problem, a very real problem [..]
Undoubtedly. That's just not my point.
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Old 13.06.2020, 13:17
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Re: double bottom - How low

Making (financial) plans is all very well but ever so often something very unexpected crops up.

After my dart monkey team was poached a few years ago, I started exploring possibilities via random lyrics. A good example is XTC’s Making Plans For Nigel. Emphasis: “Nigel has a future in British Steel”.

Yes, some might argue that such projections can only be valued on a very historical time scale. Could even be compared to hindsight.

However, I think this point is well balanced when taken in context of the Vibrator’s Flying Duck Theory. Emphasis: “The Flying Duck Theory is all very well. But it’s hard to keep your head in a disposable world”.
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