Exchange rate
#2401
Banned








Joined: Oct 2008
Posts: 3,824
From: the GTA











You are a complete........, but then you must already know that.
#2404
Just had a call from my FX guy in UK, warning me that the rates are probably at the best they are going to be for a long time . . ..1.54 

We still have a big chunk on money in the UK, but have not yet found a house to buy!!!! I was optomistically hoping that the election would bring a more healthier rate, but apparently after some "debate", it's looking more likely heading for a hung parliment
what to do?????
what to do??????


We still have a big chunk on money in the UK, but have not yet found a house to buy!!!! I was optomistically hoping that the election would bring a more healthier rate, but apparently after some "debate", it's looking more likely heading for a hung parliment

what to do?????
what to do??????
Also if you are paying rent, you are getting no return on the capital you invest; your landlord is. You need to consider this in any calculation you consider.
There are other factors that need to be considered but ultimately it is never as straight forward as exchange rates.
Yelkcub
#2405










Joined: Aug 2005
Posts: 14,227











Sorry to add to your woes but you need to factor in other considerations other than sterling such as house price variations. Say you are putting down 35% then you are doing that at say $1.54. If house prices go up and you buy in the future you will have to pay a large $ sum than now for both the down payment and the overall price. Whilst if the £ increases, some of this is offset; if it doesn’t then none is offset. If house prices go down you are a winner in both currency and the price you paid for your home.
Also if you are paying rent, you are getting no return on the capital you invest; your landlord is. You need to consider this in any calculation you consider.
There are other factors that need to be considered but ultimately it is never as straight forward as exchange rates.
Yelkcub
Also if you are paying rent, you are getting no return on the capital you invest; your landlord is. You need to consider this in any calculation you consider.
There are other factors that need to be considered but ultimately it is never as straight forward as exchange rates.
Yelkcub
#2406
Thanks for your compliment. It is good that people like yourself admit that you need help. If you need anymore advice feel free to PM me!
Yelkcub
#2408










Joined: Aug 2005
Posts: 14,227











No thanks. Last time you PM'd me completely out of the blue you wouldn't stop when I asked. I think you have issues and I'd advise anyone to stay well away from any kind of one-to-one interaction from you.
Last edited by Alan2005; Apr 17th 2010 at 1:57 pm.
#2409


Still in response to your original point; my reply that you responded to in an unnecessary sarcastic and condescending way was in response to a poster who was only considering the exchange rate regarding his possible property purchase. I politely pointed out that there are other considerations that one needs to factor in. Your response was sarcastic, rude and unnecessary. It is easy to sit on the outside and take one line potshots at others as appears to be the norm from yourself.
I would have complained to the moderators about your response alleging that I have issues (Rule 2 requires that you don't insult others) but I can't be bothered as you are an irrelevance in my life.

Still hopefully this post can now revert to the subject now
#2410










Joined: Aug 2005
Posts: 14,227











Thanks for the recommendation! If you don't like me, I reckon there will be a lot of people on here who will! 

Still in response to your original point; my reply that you responded to in an unnecessary sarcastic and condescending way was in response to a poster who was only considering the exchange rate regarding his possible property purchase. I politely pointed out that there are other considerations that one needs to factor in. Your response was sarcastic, rude and unnecessary. It is easy to sit on the outside and take one line potshots at others as appears to be the norm from yourself.
I would have complained to the moderators about your response alleging that I have issues (Rule 2 requires that you don't insult others) but I can't be bothered as you are an irrelevance in my life.

Still hopefully this post can now revert to the subject now


Still in response to your original point; my reply that you responded to in an unnecessary sarcastic and condescending way was in response to a poster who was only considering the exchange rate regarding his possible property purchase. I politely pointed out that there are other considerations that one needs to factor in. Your response was sarcastic, rude and unnecessary. It is easy to sit on the outside and take one line potshots at others as appears to be the norm from yourself.
I would have complained to the moderators about your response alleging that I have issues (Rule 2 requires that you don't insult others) but I can't be bothered as you are an irrelevance in my life.

Still hopefully this post can now revert to the subject now
#2411
Forum Regular



Joined: Jan 2008
Posts: 106



These personal slagging matches are pathetic!!! A lot of it seems to go on, on this site - which is why I stopped visiting regularly!
It just isn't helpful to anyone. If you disagree with someones point or advise, why not simply give your opinion rather than making it personal - grow up guys!!!!
It just isn't helpful to anyone. If you disagree with someones point or advise, why not simply give your opinion rather than making it personal - grow up guys!!!!
#2412
BE Enthusiast





Joined: Jun 2007
Posts: 701











These personal slagging matches are pathetic!!! A lot of it seems to go on, on this site - which is why I stopped visiting regularly!
It just isn't helpful to anyone. If you disagree with someones point or advise, why not simply give your opinion rather than making it personal - grow up guys!!!!
It just isn't helpful to anyone. If you disagree with someones point or advise, why not simply give your opinion rather than making it personal - grow up guys!!!!







