Average House will loose 26k in 2008 !!!

ultra10

justpurchased wrote: »

BOE RATE WILL NOT GO UP THIS YEAR and will be coming down early next at the latest.
If anyone thinks they are going up with the market data coming back at the moment, they have a poor grasp on economics.

I agree, all the indications are that the BOE will rely on the the "Slowdown" AKA Recession we are now entering too bring inflation under control rather than interest rates ... but when interest rates start to come down is anyones guess.. no time soon I would imagine !!!

StevieJ

Gangstabird wrote: »

Harly hysterical dear, just an observation;)

So you think interest rates will drop. Interesting because I feel the opposite, the banks will get greedy and want their money back for their shareholders. They are not in this for charity remember.

I really really with all my heart, hope that I am absolutely wrong and that you are right of course. I would hate to see people in negative equity. Went through the last crash and it was terribly grim.

Gangstagirl, I didn't mean you. With commodities dropping in price this should help to reduce inflation in 12 months time allowing the Bank of England to reduce interest rates.

justpurchased

ultra10 wrote: »

I agree, all the indications are that the BOE will rely on the the "Slowdown" AKA Recession we are now entering too bring inflation under control rather than interest rates ... but when interest rates start to come down is anyones guess.. no time soon I would imagine !!!

Oct or Nov. Can show a bit up of economic pick up over the christmas period pit of positive sentiment. I am such a Cynic!

dopester

Gangstabird wrote: »

Harly hysterical dear, just an observation;)

So you think interest rates will drop. Interesting because I feel the opposite, the banks will get greedy and want their money back for their shareholders. They are not in this for charity remember.

They will drop but borrowing rates will remain high.

I'm sorry but you all have to snog deflation in the near future.

http://www.thenational.ae/article/20080825/BUSINESS/484903476/1005&profile=1005

The problem is that inflation is moderating largely because of what economists refer to as “demand destruction”. Falling house prices in the US and a growing unemployment rate have led to lower demand for gasoline, which is putting pressure on oil prices. Now many of the symptoms afflicting the US economy are showing up in other developed economies, including Britain, the European Union and Japan.

“People are looking at other side of the coin,” said Mahmood al Aradi, head of financial markets at the National Bank of Abu Dhabi. “European economies are suddenly being affected and, if anything, are much weaker and, if anything, are going to go through more trouble than the US.”

Gangstabird

StevieJ wrote: »

Gangstagirl, I didn't mean you. With commodities dropping in price this should help to reduce inflation in 12 months time allowing the Bank of England to reduce interest rates.

S'ok SteveJ:D

StevieJ

Gangstabird wrote: »

S'ok SteveJ:D

Great, my Thanks button has started working again.

justpurchased

dopester wrote: »

They will drop but borrowing rates will remain high.

I'm sorry but you all have to snog deflation in the near future.

http://www.thenational.ae/article/20080825/BUSINESS/484903476/1005&profile=1005

The article refers to econmies rarther than the housing market though. I agrre the US econmy is better than ours (manufacturing, exporting etc), just that there banks have made some serious errors destroying thier housing market (and making things worse in general for th US) in quiet a few areas.

Jonbvn

justpurchased wrote: »

When you get your owen house you can avoid them.
If you get invited to a dinner party that automaticly means the host has somthing to show off, or is wrapped up in there own self importance.

If anyone wants to socialise with me or OH then you have to meet us in a pub or restuarant. Why would anyone want us to invade their private space, or us theirs is beyond me?

vigesimal

RichOneday wrote: »

This is becoming entertaining now - there you see, its a lot better when people get on and stop squabbling. :j:T

Or b1tch1ng about the people on this board, on another board.;) I saw ya.

ManAtHome

StevieJ wrote: »

With commodities dropping in price this should help to reduce inflation in 12 months time allowing the Bank of England to reduce interest rates.

May not be dropping as fast as they appear though...

Over the last month, oil has dropped around $10 a barrel (from $125 to $115), or 60p (£63.45 to £62.84) as the pound has dropped from $1.97 to $1.83. So the Mercans had close to a 9% drop, we only had a 1% drop.