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Debate House Prices
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The Last 5 Major Uk Recessions
Comments
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I've run my business through a few recessions and judging by the attitude on here from some like you, you are going to be in for one h*ll of wake up call. This not going to be the bed of sweet smelling roses you seem to think it is.
thats exactly why we need lower interest rates0 -
Not if they have redundancy payments or savings.
If they have decent savings they;ll want higher interest rates then :rolleyes:
The savings to some extent cancel the debt - so interest rates are somewhat neutral in this case.--
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 -
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If they have decent savings they;ll want higher interest rates then :rolleyes:
The savings to some extent cancel the debt - so interest rates are somewhat neutral in this case.
Why when that means higher mortgage rates?'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 -
The UK & US governments never set out to create a credit boom- housing bubble
If they had tried to do it, we'd have been in a huge recession years ago :eek:
This is way beyond the wit or control of any Government or Central Bank, they can only fiddle around with interest rates and watch from the sidelines and hope whatever they do, doesn't make the situation worse.'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
Are you deliberatly not reading my posts and making stupid points?
OK lose job have 3 months savings and income protection.
Who is better off and who can survive the best untill they get a job.
A) rates reduced to 2.5% IO Mortgage
Rates at 4.99% IO Mortgage
C) Rates 10% IO Mortgage.
Given that lowere rates should hopefully stop some reundancys.
I think you need a mirror as it is not me who does not understand.
Interest will be paid by the welfare system - it's the stupidly high capital amount that they'll have borrowed to buy the house that'll most likely do them in if they are stuck on a repayment mortgage.
Thank you, HPI........--
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 -
If they have decent savings they;ll want higher interest rates then :rolleyes:
The savings to some extent cancel the debt - so interest rates are somewhat neutral in this case.
If you mortgage is bigger than your savings you want the mortgage to have the lowest rate. otherwise the interest is eroding your savings avyway. 0 -
Are you deliberatly not reading my posts and making stupid points?
OK lose job have 3 months savings and income protection.
Who is better off and who can survive the best untill they get a job.
A) rates reduced to 2.5% IO Mortgage Rates at 4.99% IO Mortgage
C) Rates 10% IO Mortgage.
Given that lowere rates should hopefully stop some reundancys.
I think you need a mirror as it is not me who does not understand.
Only 3 months to find a job? On the same wages? Dream on.0 -
The savings to some extent cancel the debt - so interest rates are somewhat neutral in this case
So you have £ 10,000 in savings and a £ 250,000 mortgage.............how neutral is that ?'In nature, there are neither rewards nor punishments - there are Consequences.'0
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