We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
FTSE at 3700 and no winners.
Comments
-
FTSE down 5.44% on the day, so far
I think the "uh oh, just how bad are things anwyay?" factor is outweighing the "woo hoo, cheap cash to pump up investors" effect.
exactly! The window of stability has been well and truly smashed with the big rate cut. The confirmation by the BOE that were are completely up the creek is far more powerfull than borrowing being a few quid cheaper...
the major news sources are already going on about the fact that even a cut of this size is unlikely to fix anythin and much bigger is needed.0 -
I will stick, we have already seen the bottom.
Brave move. Just so we have accurate figures - what was the bottom at when you called it?Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
[strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!!
● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.730 -
Dithering_Dad wrote: »Brave move. Just so we have accurate figures - what was the bottom at when you called it?
I think the bottom was 3665.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
FTSE down 5.44% on the day, so far
I think the "uh oh, just how bad are things anwyay?" factor is outweighing the "woo hoo, cheap cash to pump up investors" effect.
True, but when markets panic they tend to overdo it on the downside, hopefully they will go away and look at the positives. The problem is you also got all the external influences eg the Dow. Amazing that sterling has gained on the Euro someone must see something positive.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
True, but when markets panic they tend to overdo it on the downside, hopefully they will go away and look at the positives. The problem is you also got all the external influences eg the Dow. Amazing that sterling has gained on the Euro someone must see something positive.
I think the Euro is due a hammering - it really has lead a charmed life so far but there are some nasty fundamentals which so far haven't been reflected in the trading rate.
After it takes a fall, might be a good time to shift some sterling across and benefit from higher IRs in a currency that's at least as stable (not really praise for the Euro).--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
The problem is you also got all the external influences
I don't think trading on the UK Stock Markets has been influenced in a major way by the rate cut today. The cut will take months to filter into the real economy, and the markets will start to ponder that later, currently they have far more pressing matters. (like following the DJI around like a besotted teenager)'In nature, there are neither rewards nor punishments - there are Consequences.'0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards