Quote:
Originally Posted by Sephiroth
But surely the meaning of "fully costed" is open to interpretation. Like when they costed it, they thought it was fully costed but the out-turn was different hence deficit.
Calling OB a liar isn't right at all.
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I think it's entirely unreasonable that any person or of average intelligence would describe consistently spending more than you earn as "fully costed'.
---------- Post added at 19:22 ---------- Previous post was at 19:20 ----------
Quote:
Originally Posted by Sephiroth
What's a mortgage, then?
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A mortgage is debt to fund the purchase of an asset. I'd say consistently borrowing to fund your annual expenditure is more like a payday loan.