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Debate House Prices
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Crash Crash Crash !!!!!!!!!!!!!!!!!!!!!!!!!!!
Comments
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I would think that the sub inflation interest rates were set up to devalue the debt.
Some historically stable countries are managing to get away with the miracle of walking on water, as the hot money has few other choices of where to run.
How many months is it until the next election and politicians failing to mention the debt again.0 -
i said to my wife the big crash has been postponed another 5 yrs, she said you said that 5yrs ago.
The new attempts to prop up price by giving a 20% loan for 5 years may well keep prices propped up until all these mortgge payer realise at the end of the 5yrs they have to pay a lot more . When all these loans suddenly need to start to be paid back rates will be back to normal 8%+.The thing about chaos is, it's fair.0 -
i said to my wife the big crash has been postponed another 5 yrs, she said you said that 5yrs ago.
The new attempts to prop up price by giving a 20% loan for 5 years may well keep prices propped up until all these mortgge payer realise at the end of the 5yrs they have to pay a lot more . When all these loans suddenly need to start to be paid back rates will be back to normal 8%+.
You had your crash in 2008, did you take advantage/are you taking advantage? No? Tough then, the next one will probably be about 2028ish.
What is 'normal' about an 8% rate? The base rate hasn't been as high as that since 1992, which was 21 years ago!Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
i said to my wife the big crash has been postponed another 5 yrs, she said you said that 5yrs ago.
The new attempts to prop up price by giving a 20% loan for 5 years may well keep prices propped up until all these mortgge payer realise at the end of the 5yrs they have to pay a lot more . When all these loans suddenly need to start to be paid back rates will be back to normal 8%+.
So your crash will happen after 10 years? That's a huge chunk of someone's life waiting for a market to meet their requirements instead of adapting to the current market conditions.
10 years is more than a third of the way through a mortgage, unless they MEWed (which is unlikely since the credit crunch), the vast majority of people will be immune from negative equity and will be comfortable with their finances. Even with a very unlikely 8% base rate, most people will be fine.
With a 10% deposit and 10 years of mortgage repayments (and potential overpayments), most people will be close to owning 50% of their homes, which is an unlikely scenario for repossessions.0 -
JencParker wrote: »So any discussion other than 'highbrow' entails denigrating others less fortunate?
Well, your recent input on here seems to be mainly you denigrating people who you feel are morally below you.
I suppose, though, that that won't, in your mind, make you a hypocrite...0 -
What crash we are in recovery, interest rates will be going back to normal soon!0
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Tim Hartford, the Financial Times statistician, did a pretty good hatchet job on the so called "recovery" in this edition of the BBC numbers programme called "More or Less":
The economy's turning a corner, the Chancellor George Osborne says. Is that the case? Tim Harford takes a closer look at the numbers.
To simplify Tim's argument, we are borrowing from the future again, and not presenting the economy in terms of GDP per (rising) headcount.
Who cares if we are becoming a crowded, sick, uneducated nation as long as we are buying more tat in the shops on the strength of quantitative easing and another property bubble ?
http://www.bbc.co.uk/programmes/b039rwd0
http://www.bbc.co.uk/programmes/b006qshd/episodes/player0 -
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Yawn,more bolx whats next blisk4?Official MR B fan club,dont go............................0
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