Planet Rugby Forum

The Sun God wrote:
There is an entire technical analysis industry populated with 20something quant Phd's out there that might disagree with you.

I'm sure they would.

The ones that guess right will be lauded as geniuses, the rest will be dismissed as quacks.

Personally (just what I would do/have done) is go with the lower rate even if that is variable. The chance that interest rates are going to increase by more than the additional amount a fixed rate costs (Vs a variable) is quite small.

I've said it before but the only reason I locked in was 1 it was for longer than 5 years (it was 10 and I didn't think rates were going to rise much in 5 years) and the bank offered me a sexy rate of 1.6% to do it. The variable rate was 1.85.

Also, if you want the flexibility to make additional payments on a mortgage stay variable. you can't really pat off quicker when you go fixed.

CM11 wrote:

The Sun God wrote:
There is an entire technical analysis industry populated with 20something quant Phd's out there that might disagree with you.

I'm sure they would.

The ones that guess right will be lauded as geniuses, the rest will be dismissed as quacks.

You have just summed up the markets in one sentence.....

nardol wrote:Personally (just what I would do/have done) is go with the lower rate even if that is variable. The chance that interest rates are going to increase by more than the additional amount a fixed rate costs (Vs a variable) is quite small.

I've said it before but the only reason I locked in was 1 it was for longer than 5 years (it was 10 and I didn't think rates were going to rise much in 5 years) and the bank offered me a sexy rate of 1.6% to do it. The variable rate was 1.85.

Also, if you want the flexibility to make additional payments on a mortgage stay variable. you can't really pat off quicker when you go fixed.

I don't think you'll get a better variable rate than fixed in Ireland. Far as I know the best variable is 3.15 with AIB. You'll easily get a better 4 or 5 year fixed rate than that.

The Sun God wrote:

ticketlessinseattle wrote:

Duff Paddy wrote:3.3% is a high rate - makes a difference of a 150-200euro odd a month on a decent sized mortgage versus Ulster bank 2.3% for 2 years then shop around to fix again would save you some cash.

obviously I'm guessing that in 5 to 10 years time rates will be a lot higher than 3.3%

10yr Interest Rate Swap at the moment has a mid point of 0.86%. This is where a bank will hedge its exposure to you while you lock in at 3.3%. Maybe you can see why they are pushing it. 3yr interest rates are still negative so it will take some economic jolt for the market to move 'a lot higher' in the medium term.
KBC are offering 2.5% fixed for 5 years if you really want to lock in.

it all comes down to how much risk you want to take which in turn could come down to a bunch of personal circumstances - right now i like the idea that my mortgage payment will be the same in 10 years time as it is today.
Given the recent history of the global banking sector, Brexit, the Donald i wouldn't bet on there not being another clusterfcuk in 3-5 years when i'm trying to get a new mortgage wishing i'd locked in at 3.3%. The spread between 2.5%/3% isn't enough to tempt me. Some are happy to take that risk and more power to them, I'm not one of them when it comes to my mortgage payment ; simples.

LTV Variable >80%
3.15%

LTV Variable >50%<=80%
2.95%

LTV Variable <=50%
2.75%

Standard Variable (Discontinued)
3.15%


Fixed


1 Year Fixed
3.20%

2 Year Fixed
3.20%

3 Year Fixed
3.20%

4 Year Fixed
3.30%

5 Year Fixed
3.30%

7 Year Fixed
3.50%

danthefan wrote:

nardol wrote:Personally (just what I would do/have done) is go with the lower rate even if that is variable. The chance that interest rates are going to increase by more than the additional amount a fixed rate costs (Vs a variable) is quite small.

I've said it before but the only reason I locked in was 1 it was for longer than 5 years (it was 10 and I didn't think rates were going to rise much in 5 years) and the bank offered me a sexy rate of 1.6% to do it. The variable rate was 1.85.

Also, if you want the flexibility to make additional payments on a mortgage stay variable. you can't really pat off quicker when you go fixed.

I don't think you'll get a better variable rate than fixed in Ireland. Far as I know the best variable is 3.15 with AIB. You'll easily get a better 4 or 5 year fixed rate than that.

All variables are cheaper with AIB than their fixed rates.
Not by anything substantial mind.

Point taken on other banks offering better.

There must be a reason fixed rates are coming down and variables not. Prevent a price war by fixing customers in for a period of time? Attract people refinancing/switching?
Or is it just long term interest rate outlook? IF fixed rates are coming down as they are while variable remains constant the basic assumption is that banks thing long term interest rates are not going anywhere fast.
Few things at play here i suspect.

Leinsterman wrote:Anyone interested in a quick win investment?
Easy idea - buy a container and then fill it full of canned food and hide it across the pond. We'll make a fortune selling the contents next April.

or better still we let a group of them fight to the death for a bag of groceries and livestream it on PPV nightly we could call it something snappy like "the hunger games"

danthefan wrote:

Duff Paddy wrote:

danthefan wrote:

Duff Paddy wrote:3.3% is a high rate - makes a difference of a 150-200euro odd a month on a decent sized mortgage versus Ulster bank 2.3% for 2 years then shop around to fix again would save you some cash.

What are you even asking for here? You seem to disagree with everyone who replies no matter what their answer is. You obviously know best.

I’m talking out the options - I am interested to hear the counter arguments from people like Maximus who know what they’re talking about, and also interested to see what other posters have done. Now fudge off.

The best option is 5 years with BOI though they aren't doing LTI exceptions anymore this year. Now go fudge yourself too.

What have LTI exceptions got to do with mortgage switching

Duff Paddy wrote:

danthefan wrote:

Duff Paddy wrote:

danthefan wrote:

Duff Paddy wrote:3.3% is a high rate - makes a difference of a 150-200euro odd a month on a decent sized mortgage versus Ulster bank 2.3% for 2 years then shop around to fix again would save you some cash.

What are you even asking for here? You seem to disagree with everyone who replies no matter what their answer is. You obviously know best.

I’m talking out the options - I am interested to hear the counter arguments from people like Maximus who know what they’re talking about, and also interested to see what other posters have done. Now fudge off.

The best option is 5 years with BOI though they aren't doing LTI exceptions anymore this year. Now go fudge yourself too.

What have LTI exceptions got to do with mortgage switching

Nothing.

nardol wrote:

danthefan wrote:

nardol wrote:Personally (just what I would do/have done) is go with the lower rate even if that is variable. The chance that interest rates are going to increase by more than the additional amount a fixed rate costs (Vs a variable) is quite small.

I've said it before but the only reason I locked in was 1 it was for longer than 5 years (it was 10 and I didn't think rates were going to rise much in 5 years) and the bank offered me a sexy rate of 1.6% to do it. The variable rate was 1.85.

Also, if you want the flexibility to make additional payments on a mortgage stay variable. you can't really pat off quicker when you go fixed.

I don't think you'll get a better variable rate than fixed in Ireland. Far as I know the best variable is 3.15 with AIB. You'll easily get a better 4 or 5 year fixed rate than that.

All variables are cheaper with AIB than their fixed rates.
Not by anything substantial mind.

Point taken on other banks offering better.

There must be a reason fixed rates are coming down and variables not. Prevent a price war by fixing customers in for a period of time? Attract people refinancing/switching?
Or is it just long term interest rate outlook? IF fixed rates are coming down as they are while variable remains constant the basic assumption is that banks thing long term interest rates are not going anywhere fast.
Few things at play here i suspect.

Yeah some of the variable rates are insane. BOI are 4.5% or something, why would anyone take that rate.

Witchfinder General wrote:

Leinsterman wrote:Anyone interested in a quick win investment?
Easy idea - buy a container and then fill it full of canned food and hide it across the pond. We'll make a fortune selling the contents next April.

or better still we let a group of them fight to the death for a bag of groceries and livestream it on PPV nightly we could call it something snappy like "the hunger games"

Regular Saturday night in Cavan

ticketlessinseattle wrote:

The Sun God wrote:

ticketlessinseattle wrote:

Duff Paddy wrote:3.3% is a high rate - makes a difference of a 150-200euro odd a month on a decent sized mortgage versus Ulster bank 2.3% for 2 years then shop around to fix again would save you some cash.

obviously I'm guessing that in 5 to 10 years time rates will be a lot higher than 3.3%

10yr Interest Rate Swap at the moment has a mid point of 0.86%. This is where a bank will hedge its exposure to you while you lock in at 3.3%. Maybe you can see why they are pushing it. 3yr interest rates are still negative so it will take some economic jolt for the market to move 'a lot higher' in the medium term.
KBC are offering 2.5% fixed for 5 years if you really want to lock in.

it all comes down to how much risk you want to take which in turn could come down to a bunch of personal circumstances - right now i like the idea that my mortgage payment will be the same in 10 years time as it is today.
Given the recent history of the global banking sector, Brexit, the Donald i wouldn't bet on there not being another clusterfcuk in 3-5 years when i'm trying to get a new mortgage wishing i'd locked in at 3.3%. The spread between 2.5%/3% isn't enough to tempt me. Some are happy to take that risk and more power to them, I'm not one of them when it comes to my mortgage payment ; simples.

Fair play mate. That is effective risk management to suit your circumstances and as such won't see you wrong.

Mullet 2 wrote:

Witchfinder General wrote:

Leinsterman wrote:Anyone interested in a quick win investment?
Easy idea - buy a container and then fill it full of canned food and hide it across the pond. We'll make a fortune selling the contents next April.

or better still we let a group of them fight to the death for a bag of groceries and livestream it on PPV nightly we could call it something snappy like "the hunger games"

Regular Saturday night in Cavan

If it was a group of Latvians you'd actually be bang on.

The Sun God wrote:

ticketlessinseattle wrote:

The Sun God wrote:

ticketlessinseattle wrote:

Duff Paddy wrote:3.3% is a high rate - makes a difference of a 150-200euro odd a month on a decent sized mortgage versus Ulster bank 2.3% for 2 years then shop around to fix again would save you some cash.

obviously I'm guessing that in 5 to 10 years time rates will be a lot higher than 3.3%

10yr Interest Rate Swap at the moment has a mid point of 0.86%. This is where a bank will hedge its exposure to you while you lock in at 3.3%. Maybe you can see why they are pushing it. 3yr interest rates are still negative so it will take some economic jolt for the market to move 'a lot higher' in the medium term.
KBC are offering 2.5% fixed for 5 years if you really want to lock in.

it all comes down to how much risk you want to take which in turn could come down to a bunch of personal circumstances - right now i like the idea that my mortgage payment will be the same in 10 years time as it is today.
Given the recent history of the global banking sector, Brexit, the Donald i wouldn't bet on there not being another clusterfcuk in 3-5 years when i'm trying to get a new mortgage wishing i'd locked in at 3.3%. The spread between 2.5%/3% isn't enough to tempt me. Some are happy to take that risk and more power to them, I'm not one of them when it comes to my mortgage payment ; simples.

Fair play mate. That is effective risk management to suit your circumstances and as such won't see you wrong.

cheers TSG....of course you can literally take it to the bank that interest rates will be at about 0.5% in 5 years time !

ps anyway, back to more important things, am i buying a 152 inch tv and knocking down a wall to fit in my lazyboy ?

what is this antiquated measurement unit you speak of?

John McGuire getting owned n Twitter

https://twitter.com/shockproofbeats/sta ... 94016?s=21

I'm not on the twitter.

How do I follow the thread?

paddyor wrote:John McGuire getting owned n Twitter

https://twitter.com/shockproofbeats/sta ... 94016?s=21

Just click on the link Mullet.

Irish consumer spending decreased by .3% for first quarter of 2018. Bad weather or a sign that things are slowing down? There is a perception on the ground that the rampant growth of the last few years has eased.

CM11 wrote:

paddyor wrote:John McGuire getting owned n Twitter

https://twitter.com/shockproofbeats/sta ... 94016?s=21

Just click on the link Mullet.

A weird clunky way of talking is the aul twitter.

Who's yer man?

Mullet 2 wrote:

CM11 wrote:

paddyor wrote:John McGuire getting owned n Twitter

https://twitter.com/shockproofbeats/sta ... 94016?s=21

Just click on the link Mullet.

A weird clunky way of talking is the aul twitter.

Who's yer man?

Journo of some sort.

Twitter wasn't really designed for conversing back and forth. It was a micro-blogging site in its original concept. The whole extended thread thing that's recently become a feature of political commentary etc. is the opposite of what Twitter was meant for. If you've a long piece to write, stick it up on Wordpress or something and link to it on Twitter. People read through Twitter threads, though, but probably wouldn't follow a link to another website where the whole thread is collated into a normal article.

From what I know of the place it's a worse cesspool of idiots than Facepage.

I'd have shut it off if I could.

Mullet 2 wrote:From what I know of the place it's a worse cesspool of idiots than Facepage.

I'd have shut it off if I could.

I barely use Facebag any more, but I always avoided comment conversations/shitfights.

Recently my curiosity has got the better of me and I've had a peek at the profiles of some people responding to the journos/personalities that I follow. Especially when there's something of contention involved.

Holy fuck. There are some extreme nutbars on topics like Brexit, the North, Trump etc. It shouldn't be a surprise, but I'd never interact or be aware of these people otherwise, so seeing their posting history is eye-opening.

I don't disagree with your final point. It's great for some forms of communication, I use it as a newsfeed or notification site for stuff I like; but it gets insanely toxic on some conversations.

Have a look at the posts under literally everything Mitt Romney writes. Gone the same here, everything Leo or Micheal posts turns into a talk of homelessness and water in 3 posts. The internet is a beautiful concept, we're the problem.

The Wild West era needs to end and places like this might be the casualty but allowing barely literate fools spread libel just needs to end.

Mullet 2 wrote:

CM11 wrote:

paddyor wrote:John McGuire getting owned n Twitter

https://twitter.com/shockproofbeats/sta ... 94016?s=21

Just click on the link Mullet.

A weird clunky way of talking is the aul twitter.

Who's yer man?

Just another asshole.

Mullet 2 wrote:Have a look at the posts under literally everything Mitt Romney writes. Gone the same here, everything Leo or Micheal posts turns into a talk of homelessness and water in 3 posts. The internet is a beautiful concept, we're the problem.

The Wild West era needs to end and places like this might be the casualty but allowing barely literate fools spread libel just needs to end.

Shinnerbots spoiling it for everyone.

Mullet 2 wrote:Have a look at the posts under literally everything Mitt Romney writes. Gone the same here, everything Leo or Micheal posts turns into a talk of homelessness and water in 3 posts. The internet is a beautiful concept, we're the problem.

The Wild West era needs to end and places like this might be the casualty but allowing barely literate fools spread libel just needs to end.

Go anywhere near the comments section of journal.ie and I swear to God it'd drain any energy for life out of anyone. If I blunder in, I just leap out again with my fingers in my ears and my eyes firmly closed and repeat the mantra "they're not representative, they're not representative" to myself until I can control my breathing.

Then there's the nagging voice that mutters "maybe they are", or "maybe they will be in time".

I would HAPPILY send the internet back to the kitchen with instructions to follow a damn recipe next time and feck your fusion shite.

The Sun God wrote:
Just another asshole.

Who now seems to be constantly called upon for his opinion by Newstalk.

Leinsterman wrote:

The Sun God wrote:
Just another asshole.

Who now seems to be constantly called upon for his opinion by Newstalk.

The Seamus chap?
I first saw him when he posted that story of getting off his bin on ketamine and then having to go to work and serve drinks to Mary McAleese. It was amusingly written. Never read or listened to his output otherwise.

Mullet 2 wrote:Have a look at the posts under literally everything Mitt Romney writes. Gone the same here, everything Leo or Micheal posts turns into a talk of homelessness and water in 3 posts. The internet is a beautiful concept, we're the problem.

The Wild West era needs to end and places like this might be the casualty but allowing barely literate fools spread libel just needs to end.

Decided to test this out and it's completely true

No matter what the subject of the comment is, there's an immediate "whhhhaaaaa but there's no houses".

The internet should only be used for its original intention; the access to and sharing of pornography. Either that or there should also be an age limit, a probationary period and a test at the end to prove you're not a total gobdaw

alliswell wrote:The internet should only be used for its original intention; the access to and sharing of pornography. Either that or there should also be an age limit, a probationary period and a test at the end to prove you're not a total gobdaw

Or we keep it as it is and just turn off twitter

HighKingLeinster wrote:

alliswell wrote:The internet should only be used for its original intention; the access to and sharing of pornography. Either that or there should also be an age limit, a probationary period and a test at the end to prove you're not a total gobdaw

Or we keep it as it is and just turn off twitter

It's not just Twitter

danthefan wrote:

Mullet 2 wrote:Have a look at the posts under literally everything Mitt Romney writes. Gone the same here, everything Leo or Micheal posts turns into a talk of homelessness and water in 3 posts. The internet is a beautiful concept, we're the problem.

The Wild West era needs to end and places like this might be the casualty but allowing barely literate fools spread libel just needs to end.

Decided to test this out and it's completely true

No matter what the subject of the comment is, there's an immediate "whhhhaaaaa but there's no houses".

Are we surprised? It’s just the Joe Duffy show on a new form of media. The key decision was making the hosts not liable for content they provide. In one foul swoop it became open season for every halfwit lunatic to air their idiotic views to a wide audience. The irony of posting this on PR forum is not lost on me but it’s definitely gone too far. The Indo removed their comments section and their viewership has probably tanked as a result.

danthefan wrote:

Mullet 2 wrote:Have a look at the posts under literally everything Mitt Romney writes. Gone the same here, everything Leo or Micheal posts turns into a talk of homelessness and water in 3 posts. The internet is a beautiful concept, we're the problem.

The Wild West era needs to end and places like this might be the casualty but allowing barely literate fools spread libel just needs to end.

Decided to test this out and it's completely true

No matter what the subject of the comment is, there's an immediate "whhhhaaaaa but there's no houses".

It's without fail.

In must actually be a bot

PR is one of the few places that is even marginally sane.

No prizes for guessing why.

Mullet 2 wrote:PR is one of the few places that is even marginally sane.

No prizes for guessing why.

No knackers*




*except for Liathroidí

alliswell wrote:The internet should only be used for its original intention; the access to and sharing of pornography. Either that or there should also be an age limit, a probationary period and a test at the end to prove you're not a total gobdaw

There's just a lot of complete mongs that seem to be able to access it. Had a look at some Nat Geo images on Instagram this morning and it's just full of racists calling immigrants parasites and people losing the plot, it's similar to the Leo/homelessness or crime/society is failing stuff. I think it might just be best to not allow commenting on anything, or some sort of equation that will sort the wheat from the chaff.