Singing Pig

How does the book explain you pay such a huge increase in your monthly outgoings ?  The system works over the long term yes, but unfortunately to reach the long term you have to survive through the short and medium term.

Now rather than come back and tell me "i don't get it " please explain to me what you are advised to do in the example i have given please ?????""

YES PLEASE  -  do  come back and tell us how you will cope with 40 houses whose mortgages repayments go up 50%   -  at a time when banks have changed their LTV from  125%  to  75%   ??????
 

i wait with bated breath  .......... 

C Browne  -   you say 

""As long as you can remortgaging your props during your life time and getting your deposit you put out on your first prop, don't you think then over time that Money For Nothing & Your Property For Free comes into the equation?? your props during your life time and getting your deposit you put out on your first prop, don't you think then over time that Money For Nothing & Your Property For Free comes into the equation?? ""

but do not appear to understand the significance of your own words

As long as you can   (keep?)   remortgaging your props

THATS the point  

and no one is answering the simple question we are all asking

if you cannot remortage

WHAT THEN ?????? 

" If you cannot remortage, WHAT THEN ?????? "

Oh dear, Clottie ! You just don't GET IT, do you ?

Being - along with Prof. Hawking and a few posters on here - one of the 1% of the population who "get it" and can understand the complexities of this amazing system under discussion, I feel it is my duty under noblesse oblige to reveal the answer to your question for the benefit of those (quote) "sad people" who do not have the same superior intelligence and therefore cannot "get it" and never will.

 You see, it is stunning in its simplicity ......

 If you cannot remortgage .................

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YOU'RE STUFFED !

( P.S. - Directions to Carey Street are available free of charge on AA, RAC and other websites)

Thank you kind sir LPA !!!    please thank Stephen Hawking !!

the other thing that they dont explain is this  

"" Money For Nothing ""  business -  

please - oh please  -  tell me where i can get some  - cos last time i looked  -  banks charged me money to "remortgage"  - and EVEN if i increased my borrowing  -  (which, by the way i have not done for a long time now)  -  i dont get the additional funds for nowt -  there's this  thing called a Repayment Plan  -  goes on for 20 odd years i believe !!!

Money for Nothing ?

Oh yes - the explanation for that is equally simple  :  "That ain't working; that's the way you do it ......" etc etc.        Andy had obviously been listening to Dire Straits, and disgracefully plagiarised Knopfler's song title. (Maybe he was too busy making Monopoly Money millions to think up a catchy book title of his own?)

But as I - a big Dire Straits fan in their heyday - recall it, "the way you do it" was "playing your guitar on the MTV" - not living off an ever increasing debt liability until the next property market slump brought your debt mountain and your smoke and mirrors multi-millionaire status crashing down around your ears.