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Debate House Prices
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The Last 5 Major Uk Recessions
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I think that people that lose their jobs will be helped if rates are lower.
That may well be the case - but if you can't remotely afford your mortgage payments when out of work, it's not that relevant whether it's £900 a month you can't pay or £780 a month that you can't pay....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
neverdespairgirl wrote: »That may well be the case - but if you can't remotely afford your mortgage payments when out of work, it's not that relevant whether it's £900 a month you can't pay or £780 a month that you can't pay.
True but the lower rates could help them stop loosing their job.
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neverdespairgirl wrote: »That may well be the case - but if you can't remotely afford your mortgage payments when out of work, it's not that relevant whether it's £900 a month you can't pay or £780 a month that you can't pay.
firstly - lower rates may help them not losing their jobs in the first place.
secondly - it's so relevant that you have to either find an extra £120 a month or take £120 a month out of savings that you would be using for something else.
not sure of your logic here.0 -
No we are employed trying to help retired old people remember things and how to deal with them.;)
Did you forget what board you were on this is help the aged.;)
What is it today with the outbreak of abusiveness? Why did you post this? Why be so nasty, personally, to another poster?...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
neverdespairgirl wrote: »That may well be the case - but if you can't remotely afford your mortgage payments when out of work, it's not that relevant whether it's £900 a month you can't pay or £780 a month that you can't pay.
Your mate !!!!!! says that the social pay it for you, please stick to the same hymn sheet.'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 -
neverdespairgirl wrote: »What is it today with the outbreak of abusiveness? Why did you post this? Why be so nasty, personally, to another poster?
It used to be just one or two people who occasionally got abusive.
The last couple of days, it seems to have become a pack activity.--
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 -
Aaaah, that explains a lot.
I take exception, on behalf of my own 3 year old, who wouldn't dream of being so unpleasant to another person on the basis of his or her age....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
Your mate !!!!!! says that the social pay it for you, please stick to the same hymn sheet.
Actually, I've pointed out that since the interest is paid by welfare it's the huge capital debt that will wipe unemployed and over-mortgageed people out as they can't meet monthly repayments on it. Do try to keep up.--
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 -
It used to be just one or two people who occasionally got abusive.
The last couple of days, it seems to have become a pack activity.
Do you count being abusive as disagreeing with you?'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 -
But with the greatest of respect you agree with his views,
I posted this today.
Actually, in this case I don't wholly agree with !!!!!!. I often do, and think he is often right, but in this case I think the risk of depression and even greater-than-inevitable unemployment is higher than the risk of inflation and a crashing pound.
I therefore don't think interest rates should be raised, although as a saver rather than a borrower, it would be in my immediate self-interest if they were.
But I also don't think they should be cut too much, because of the risks of the pound going through the floor and importing inflation in that way.
But I dislike the way in which personal insults have been thrown in this thread at two posters, one for being "old", the other for being un-married. That is not necessary or pleasant....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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