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Debate House Prices
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Swap rates lowering and 5.97% fixed rate
Comments
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kenny unfortunately your arguing with people who have lots of money stashed away waiting for prices to drop - therefore they demand higher interest rates (as i would if i didn't have a mortgage and had lots of money stashed away
)
Ah, so if you have large savings, you want higher interest rates even though that would mean a much deeper recession with 1980's style unemployment & massive repossesions.
How strange.US housing: it's not a bubble
Moneyweek, December 20050 -
that would be every mortgage
but also explains why prices don't have a chance of being what they were 12 months ago, despite the denial from a few on here.
what I found interesting about the offer was it was covering the windows of the branch (obscuring all the properties for sale usually there) with a big banner heading of 'You Only Need 5% Deposit)It's a health benefit ...0 -
kennyboy66 wrote: »Ah, so if you have large savings, you want higher interest rates even though that would mean a much deeper recession with 1980's style unemployment & massive repossesions.
How strange.
the early 80s situation was driven by the utter dogmatic leadership style of Thatcher at odds against virtually all her cabinet colleagues at the time. If not for the situation in the south atlantic, the tories would have been destroyed in 1983 (not that labours civil war helped)It's a health benefit ...0 -
the early 80s situation was driven by the utter dogmatic leadership style of Thatcher at odds against virtually all her cabinet colleagues at the time. If not for the situation in the south atlantic, the tories would have been destroyed in 1983 (not that labours civil war helped)
The Howe budgets were designed to drive inflation out of the system. Thanks to the crazy fiscal and monetary policies of both parties but especially Labour in the 70s it had to happen. Let us not forget Dennis Healy as Labour Chancellor had to go cap in hand to the IMF for a bailout as the bond markets refused to carry on subsidising Labour's excesses.
It could happen again yet here.0
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