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It is happening now, long after the 2008-09 crisis, as a result of the same crisis - as you well know. Our mutual acquaintance refers to it as "responsible banking" - I know, because I had to listen to their pish while I was taking my mortgage out. The context you used it in was as a rebuttal of the suggestion that there should be government intervention on banking activities. Which is hilarious.

As for clive's continued refusal to accept that a mortgage payment reduces the amount of disposable income that a person has, regardless of whether or not you call it a cost or an outgoing, I'm beginning to suspect that he hasn't shed his thick northerner roots as much as he'd like to think. No one was talking about accountancy, or macro-economics - the discussion was about the micro-economics of managing a household budget. I have one eye on the future with regard to my mortgage (still deciding the best way to release equity from it before death mind you!), but that doesn't reduce the payments that I have to make from my disposable income right now.

<blockquote data-quote="simmo" data-source="post: 2518883" data-attributes="member: 65084">It is happening now, long after the 2008-09 crisis, as a result of the same crisis - as you well know. Our mutual acquaintance refers to it as &quot;responsible banking&quot; - I know, because I had to listen to their pish while I was taking my mortgage out. The context you used it in was as a rebuttal of the suggestion that there should be government intervention on banking activities. Which is hilarious.As for clive&#039;s continued refusal to accept that a mortgage payment reduces the amount of disposable income that a person has, regardless of whether or not you call it a cost or an outgoing, I&#039;m beginning to suspect that he hasn&#039;t shed his thick northerner roots as much as he&#039;d like to think. No one was talking about accountancy, or macro-economics - the discussion was about the micro-economics of managing a household budget. I have one eye on the future with regard to my mortgage (still deciding the best way to release equity from it before death mind you!), but that doesn&#039;t reduce the payments that I have to make from my disposable income right now.</blockquote>

[QUOTE="simmo, post: 2518883, member: 65084"] It is happening now, long after the 2008-09 crisis, as a result of the same crisis - as you well know. Our mutual acquaintance refers to it as "responsible banking" - I know, because I had to listen to their pish while I was taking my mortgage out. The context you used it in was as a rebuttal of the suggestion that there should be government intervention on banking activities. Which is hilarious. As for clive's continued refusal to accept that a mortgage payment reduces the amount of disposable income that a person has, regardless of whether or not you call it a cost or an outgoing, I'm beginning to suspect that he hasn't shed his thick northerner roots as much as he'd like to think. No one was talking about accountancy, or macro-economics - the discussion was about the micro-economics of managing a household budget. I have one eye on the future with regard to my mortgage (still deciding the best way to release equity from it before death mind you!), but that doesn't reduce the payments that I have to make from my disposable income right now. [/QUOTE]

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