HSBC raise fixed rates....

pickles110564

FungusFighter wrote: »

So hands up everyone who bought property in the last 2 years with 50% or more deposit - did you?

Yes I did. :T

FungusFighter

pickles110564/Cranston wrote: »

Yes I did. :T

OK, so hands up anyone who believes him?

Anyone?

Anyone at all?

Anyone who'd LIKE to believe?

mewbie_2

Pickles keeps fantasising about me being a schoolboy, while he's the one logged on at the docks* surrounded by salty seamen.

No... I don't believe a word.

*That's the only recession proof docks in the Western world.

WTF?_2

FungusFighter wrote: »

OK, so hands up anyone who believes him?

Anyone?

Anyone at all?

Anyone who'd LIKE to believe?

kennyboy66_2

hethmar wrote: »

Im a bit saddened by the glee people seem to be showing about the current crisis.
Lets hope the governments can propose a soft landing option for us all.

Sadly, it is beyond any government to engineer a soft landing - you might as well try and push water up hill. The best they can do is avoid turning a recession into a depression.

The gloating over job losses etc, just because "it proves, I was right all along", is odious.

WTF?_2

kennyboy66 wrote: »

Sadly, it is beyond any government to engineer a soft landing - you might as well try and push water up hill. The best they can do is avoid turning a recession into a depression.

The gloating over job losses etc, just because "it proves, I was right all along", is odious.

Again - who the hell is gloating?

dopester

hethmar wrote: »

It will do no one any good. First time buyers will still not be able to buy because of the mortgage famine; retirees wont be able to downsize and release equity which would have gone into the economy.

So be careful what you wish - it may come true and be a nightmare for each and every one of us.

If the greedy HPI sluts hadn't borrowed and borrowed and borrowed and MEWed and MEWed and MEWed, and we didn't have a new industry of BTL, we wouldn't be where we are now.

HOUSE PRICES ARE WAY TOO HIGH !

They can't crash hard enough for me. Your job depends on it? Tough luck !

The correction is needed and is coming. If you're not prepared, then don't expect me to worry about you if I buy your house for a fraction of what you think it is worth.

Leighthal

FungusFighter wrote: »

So hands up everyone who bought property in the last 2 years with 50% or more deposit - did you?

Errr I did.

dopester

MrMonkey wrote: »

I don't want a recession. I want a stable economy. At this stage a short painful recession may be the best solution, as opposed to a long period of recession. as Japan saw for over a decade.

Who cares what you want?

The more important thing is what we look likely to get!

WISHFUL THINKING CAN NOT WISH IT AWAY.

The country has been heavily dependent on debt and HPI. We compete in a global arena.

We don't have some automatic right to great wealth where other countries are doing better than us in their own economies... which are not all based on HPI.

chucky

dopester wrote: »

If the greedy HPI sluts hadn't borrowed and borrowed and borrowed and MEWed and MEWed and MEWed, and we didn't have a new industry of BTL, we wouldn't be where we are now.

not everyone that took advantage of their own HPI mewed, too much of a generalisation and they are not the sole reason for the problem in the UK economy or even in the global economy.

dopester wrote: »

HOUSE PRICES ARE WAY TOO HIGH !.

Yes, you are 100% right. But would also say if people were still buying they couldn't have been too high

dopester wrote: »

They can't crash hard enough for me. Your job depends on it? Tough luck !

The correction is needed and is coming. If you're not prepared, then don't expect me to worry about you if I buy your house for a fraction of what you think it is worth.

You're of course entitled to your opionion but i hope that you don't mean this statement.

Being happy from someone elses problems (for whatever reason they have the problem) isn't a good thing.