Luckily I knew what a tracker mortgage was

Rabidlamb

I was interested in finding out what I would be paying a month if I was on a variable rate with my bank.
I ran the figures though here by playing with the sliders.
http://www.drcalculator.com/mortgage/ie/

Ignoring TRS I'd be paying €210 a month more had I not signed up for a tracker all those years ago.
Anybody else thank their lucky stars that they opted for one of these when they did ?.
How much are you saving a month against your banks standard variable ?.

3rdDegree

It was dumb luck that I got a tracker. But I sure am glad now!

partyatmygaff

I don't have a mortgage. I win.

Mr Benevolent

partyatmygaff wrote: »

I don't have a mortgage. I win.

Too right. Look at the 'Renting is dead money!' crowd now.

3rdDegree

partyatmygaff wrote: »

I don't have a mortgage. I win.

True. But you'll never get a tracker now and as such can never start rather pointless and obvious threads in here about it (sorry OP).

3rdDegree

Confab wrote: »

Too right. Look at the 'Renting is dead money!' crowd now.

Renting is for saps. You'll never catch me in Xtravision.

Oranage2

I always wondered if i wasnt just a kid during the boom would i have bought a house?

I reckon I probably would have!

TheZohanS

3rdDegree wrote: »

Renting is for saps. You'll never catch me in Xtravision.

"You wouldn't download a house"

.

Frank Black

Oranage2 wrote: »

I always wondered if i wasnt just a kid during the boom would i have bought a house?

I reckon I probably would have!

Well, that's nice to know.

DrumSteve

TheZohan wrote: »

"You wouldn't download a house"

.

But I would download House.

m5ex9oqjawdg2i

3rdDegree wrote: »

Renting is for saps. You'll never catch me in Xtravision.

I love this stupid argument. Degrading another persons choice to make you feel better about your own, that's laughable. Both have their pros and cons. It's simple.

Oranage2

Confab wrote: »

Too right. Look at the 'Renting is dead money!' crowd now.

Why bother rent when you can sleep on the streets!

stovelid

All these disparate strands of smugness deserve their own threads surely?

Tipp Man

Quick question is the tracker for the life of the mortage or just for a certain period of the mortage?

So a fixed mortage is usually for 5 years after which you revert back to variable, does the same apply to tracker or is it tracker for 25, 30 years??

Dudess

Lyla Brief Pedometer wrote: »

I love this stupid argument. Degrading another persons choice to make you feel better about your own, that's laughable. Both have their pros and cons. It's simple.

I'm pretty sure they were joking.

meditraitor

Another quicky, if we jump ship on europe/yoyo do we still pay interest rates tied to the euro?

mud

TheZohan wrote: »

"You wouldn't download a house"

.

I just did

Sparkyd2002

Tipp Man wrote: »

Quick question is the tracker for the life of the mortage or just for a certain period of the mortage?

So a fixed mortage is usually for 5 years after which you revert back to variable, does the same apply to tracker or is it tracker for 25, 30 years??

Depends on your contract Tipp Man. ptsb for instance have it written into their RIP trackers that they will review the terms of the tracker on the mortgages fifth anniversary. this is for residential Investment Properties. They will force people who have these to the standard variable rate if they want to keep them interest only, otherwise force them to pay down some Capital. If its a standard homeloan (capital and interest)you should be fine though for the life of the mortgage

careca11

Rabidlamb wrote: »

I was interested in finding out what I would be paying a month if I was on a variable rate with my bank.
I ran the figures though here by playing with the sliders.
http://www.drcalculator.com/mortgage/ie/

Ignoring TRS I'd be paying €210 a month more had I not signed up for a tracker all those years ago.
Anybody else thank their lucky stars that they opted for one of these when they did ?.
How much are you saving a month against your banks standard variable ?.

currently on a tracker paying 924pm ,
if i had have been on a variable rate I'd be paying almost €1400..............suffering jaysus

jester77

3rdDegree wrote: »

Renting is for saps. You'll never catch me in Xtravision.

Giving interest to the banks is for saps, just look at what that has done.

I've been renting ever since I moved out of home, never saw the point of buying as who knows where you will be in 12 months, what job you might be moving to, what country you might be moving to, etc. I've over half the price of a house saved by renting and I wasn't even saving as such. Maybe in a few years when I find somewhere I would call home then I'll purchase and I probably won't have to give the banks a cent!

dj jarvis

Confab wrote: »

Too right. Look at the 'Renting is dead money!' crowd now.

yea your right because if they were renting it would be dead money ..... oh wait ( renting is called dead money for a reason - my house might not be worth what i paid for it but when i do sell it , and that could be twenty years but i will get some money in return or give it to my children , now tell me what you get for twenty years of renting ???? paying off the mortgage of some one who is laughing at you because lets face it renting is dead money )

dj jarvis

meditraitor wrote: »

Another quicky, if we jump ship on europe/yoyo do we still pay interest rates tied to the euro?

a big NO
all debts owed by irish banks would convert to the PUNT
you would pay the irish central banks rate - and god help us all if that happens

we would be super ****2d :eek:

kippy

I am not sure what is worse about this thread.
1. The smugness of the OP.
2. The fact that he feels he needs to stand on his ivory tower looking down.
3. The smugness of those renting.
4. The fact that they feel they need to stand on their ivory towers looking down.
5. The smugness of people who bought a house.
6. The fact that they feel tehy need to stand on their ivory towers looking down.
7. The point of posting it in AH.
8. The amount of times this discussion has played out on boards over the past six years and the fact that people will make a call on it generally based on their own circumstances.
9. The fact that I've actually taken the time to reply in an absolutely terarded thread.

thebigbiffo

3rdDegree wrote: »

It was dumb luck that I got a tracker. But I sure am glad now!

very same! not 8 months before lehman bros and the start of the banking collapse ptsb put me, as the default option, on a tracker when i hadn't got back to them on time about which product i wanted after our period of fixed rate was over! imagine! these people were running a multi-billion euro business and their default option was a tracker! retards!

they will eventually have to pay off tracker holders to get them on profit making mortgages - and i look forward to haggling with the c'unts!

thebigbiffo

kippy wrote: »

I am not sure what is worse about this thread.
1. The smugness of the OP.
2. The fact that he feels he needs to stand on his ivory tower looking down.
3. The smugness of those renting.
4. The fact that they feel they need to stand on their ivory towers looking down.
5. The smugness of people who bought a house.
6. The fact that they feel tehy need to stand on their ivory towers looking down.
7. The point of posting it in AH.
8. The amount of times this discussion has played out on boards over the past six years and the fact that people will make a call on it generally based on their own circumstances.
9. The fact that I've actually taken the time to reply in an absolutely terarded thread.

i'm not sure what's worse with this post.

1: why the f'uck people bother posting in a thread they've no interest in
2:...

there is no f'ucking 2 - now go do something productive.

dj jarvis

thebigbiffo wrote: »

very same! not 8 months before lehman bros and the start of the banking collapse ptsb put me, as the default option, on a tracker when i hadn't got back to them on time about which product i wanted after our period of fixed rate was over! imagine! these people were running a multi-billion euro business and their default option was a tracker! retards!

they will eventually have to pay off tracker holders to get them on profit making mortgages - and i look forward to haggling with the c'unts!

yea but walk carefully --- your tracker is ( at the moment :eek: ) worth its weight in gold
you could ring them now and cut a deal off the capital - they are gagging to get rid of them , top of that q are ulster bank and ptsb
some thought on this is sell now because the ecb rate is only heading one way and that up up up , or you could hang onto it and take your chances

i fixed 4 years ago and got ****ing screwed on the rate i got , came into my tracker yesterday and would you credit it the ecb rate is heading up , so really cant catch a break , but better than paying off some other ****ers mortgage by renting

kippy

thebigbiffo wrote: »

i'm not sure what's worse with this post.

1: why the f'uck people bother posting in a thread they've no interest in
2:...

there is no f'ucking 2 - now go do something productive.

The thread is in after hours. Lots of people, like myself, post lots of crap in AH.
If the poster is in any way looking for a serious discussion he posted in the wrong forum.

Wolflikeme

3rdDegree wrote: »

Renting is for saps. You'll never catch me in Xtravision.

You're right. I'd hate to be in a position whereby I can pick up and leave and go work in England, the States etc. if I want

..oh wait I can...and I am.

Put your tracker mortgage down to experience.

dj jarvis

kippy wrote: »

I am not sure what is worse about this thread.
1. The smugness of the OP.
2. The fact that he feels he needs to stand on his ivory tower looking down.
3. The smugness of those renting.
4. The fact that they feel they need to stand on their ivory towers looking down.
5. The smugness of people who bought a house.
6. The fact that they feel tehy need to stand on their ivory towers looking down.
7. The point of posting it in AH.
8. The amount of times this discussion has played out on boards over the past six years and the fact that people will make a call on it generally based on their own circumstances.
9. The fact that I've actually taken the time to reply in an absolutely terarded thread.

so tell me this if your not a smug renter or a smug house owner then i take it your a smug stay at home with mammy then ?
or are you trying to say your the only non smug person in the housing mess

well done you :eek:

dj jarvis

Wolflikeme wrote: »

You're right. I'd hate to be in a position whereby I can pick up and leave and go work in England, the States etc. if I want

..oh wait I can...and I am.

Put your tracker mortgage down to experience.

oh no!!!!! did they change the law so house owners cant rent out and move country ????
can i not get some other sap to pay for my gaff and also move to the states or oz , oh dear poor land owning me

oh you bed sit renters from rathmines have it all dont ya

kippy

dj jarvis wrote: »

so tell me this if your not a smug renter or a smug house owner then i take it your a smug stay at home with mammy then ?
or are you trying to say your the only non smug person in the housing mess

well done you :eek:

I'm not smug about anything to be honest.
The idea that any section of Irish society can be smug at this time is fairly funny to be honest.
Each and every one of us (the ordinary people so to speak) who remains in this country is currently getting shafted and will get a hell of a lot more shafting over the next few years.
Whether you bought a house in the "boom" or not - you're effectively supporting those who did now and if you have a tracker mortgage you are effectively paying for it via taxation. The banks aren't gonna negotiate that good a deal with you to get off of it either, especially if the value of your house is far less than your mortgage and if for any reason you need to release this value.

All of that is currently been discussed here has been discussed at length in a lot of other places.
Ultimately - you may be saving some money in one pocket but its going out of the other one at a far faster rate - with the worst to come.

And while keyboard warriors like ourselves are preoccupied with bickering amongst ourselves, the real villains are laughing at us, and will most likely continue to do so, now that we ultimately are responsible for all the banks.

dr.bollocko

Well this has circled the smug drain since it started and new entrants have just lowered the bar further so we'll leave this here.
http://www.boards.ie/vbulletin/forumdisplay.php?forumid=38
This is the property forum. However they would not welcome a thread of this... calibre in there.