Do you think that investors pay cash for their investments??
Doubt it. But I do know it used to be Postal Orders in the old days if that’s any help.
And they borrow in the millions.
Well bully for them. But what has that got to do with this couple? Think you’re slightly veering off the point here somewhat.
You can’t say it is insane to borrow that amount of money.
Yes I can ‘cos I just did. It’s my opinion.
I’ll quote what you said to someone on another thread today: “I have an opinion and will stick by it and am certainly going to post it if I wish…..”.
Does that go just for you then, laddy?
You don’t know what their earnings were at the time.
No, but you don’t have to be a rocket scientist to Google the NHS website and learn that the NHS paramedics salary scale is £21,176 – £27,534.
I assume at the time of purchasing their house they weren’t MP’s earning a good whack plus expenses . But I could be wrong.
You might as well say no one should ever borrow as they could lose their job tomorrow…
Suggest you re-read what I said and try to hold on to the context in which it was said re. the press.
However if you borrow and you can’t pay, that is your problem.
Finally we’re singing from the same hymn sheet.
There are very few people who do not borrow to purchase a property. Maybe in the boom they were high earners and could afford the mortgage offered to them. The recession has seen a lot of high earners now become low earners through no fault of their own. I would not say they were insane at all, their circumstances may have been completely different to now.