How does a mortgage give you more "dignity" and "self respect" than renting, being a pikey or living in a cave like a hermit? You are the one imbuing the mortgage with attributes which are not of the thing itself but merely your own aspirations wrought into rationalisation. The hermit in the cave might see you as a puppet of a global system and believe he has infinitely more dignity and self respect than you.
Dignity and self-respect come from within. The tragic case of the woman who would rather deprive her kids of their mother then pay £20 a week tax or move house, obviously had no self-worth, hence she choose to end her life.
I think you both misunderstand the nature of a banking system. You are not doing it on your own. You are using the fund reserves of a banking institution to fund your borrowing in order to achieve your success. Owning your home at the end of it may well be a success, having a mortgage where you owe someone else 10 years salary is neither standing entirely on your own feet nor a success. Some people might like to say that I own my home but I don't - the bank own it really and the only way I can stop that is either to see out the term of the mortgage or die. Whilst you have a mortgage, you haven't really achieved anything - you're on your way to acheiving it. Bizarrely, this idea that a mortgaged home is yours has led to folk getting interest only mortgages - which is insanity. My missus is a qualified mortgage broker - I helped her study for her exams and I hear the nightmare stories she tells me from her work. People's lives can be utterly ruined attempting to own a house - I want to own my house properly one day but to think it's a solution that fits everybody is pretty dire.
No you are right, I've got sidetracked with the actual house itself - the point was not being dependent on someone, or a government, outside of your own control.
Got to admit, the day I pay the ****er off will improve my feeling of self worth. I loathe the notion of being in debt to anyone. <raisedbyanaberdonianmuir>
We're miles away from the original points, and you are to blame. I'm well aware of banking systems and how it all works. My point is still valid, if I want to view me owning my home as success, then that's my prerogative. If you want to view you owning your home as shallow, then that's yours.
Aye, I think we were singing from the same hymn book all along. I'd love to have a mortgage on my own place in Aberdeen but it would cripple me financially and my self-respect can't take any more knocks as it is.
In response to mick if you know these people who are robbing the system why dont you inform the relevant authorities? by not bdoing so are you not to blame? in regards to the lady who took her own life nobody knows this ladys history so i feel that some of the comments on here are ill thought
I'm not a heartless bastard, and the thought of people in poverty - especially innocent kids - does bother me. Equally though, I loathe the idea of the criminal and indolent hitching a free ride at the expense of decent people. God knows what can be done to strike a happy medium, it'll probably never happen.
