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Debate House Prices
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Great News For Homeowners!!!! Mortgages Will Be Cheaper!!
pickledpink
Posts: 763 Forumite
Comments
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pickledpink wrote: »
as this is a moneysaving site then yes it is
anyone who thinks differently should realy find another website to post on
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as this is a moneysaving site then yes it is
anyone who thinks differently should realy find another website to post on
What a great government, really looking after the 'hard working families' I noted in the Obama speech, he wanted to look after them as well.'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 -
pickledpink wrote: »
Even better news - house prices are down almost 15% since this time last year and probably will fall at least as much again!
That means considerable savings for anyone looking to take out a mortgage as the will need to borrow much, much less and therefore save up to 3x as much when you factor in earnings needed to repay it (see my sig) :j--
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 -
Even better news - house prices are down almost 15% since this time last year and probably will fall at least as much again!
That means considerable savings for anyone looking to take out a mortgage as the will need to borrow much, much less and therefore save up to 3x as much when you factor in earnings needed to repay it (see my sig) :j
Why are you buying a house then?'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 -
Why are you buying a house then?
2010-ish is still the plan, but with a borderline risk of strong inflation due to anti-deflation policies going horribly awry I'll be keeping a close eye on things. Out of control inflation would make property actually worth buying as a way to preserve wealth.
For me personally, a failed attempt to fight deflation (misguided interest rate cuts) will actually benefit me if the likely stagflation scenario emerges, which I think is the most likely of the possibilities at this point.--
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 -
Err..No. There's 6 times as many savers as borrowers so possibly 6 times as many people that are worse off rather than better off.pickledpink wrote: »
And even if there were an equal number of savers and borrowers, you want to encourage saving and not reckless borrowing for the long-term well-being of the economy0 -
2010-ish is still the plan, but with a borderline risk of strong inflation due to anti-deflation policies going horribly awry I'll be keeping a close eye on things. Out of control inflation would make property actually worth buying as a way to preserve wealth.
For me personally, a failed attempt to fight deflation (misguided interest rate cuts) will actually benefit me if the likely stagflation scenario emerges, which I think is the most likely of the possibilities at this point.
Ooooops! I Thanked you by mistake!!!:rolleyes:
I meant to press Quote - but never mind.................
So.........you're thinking of looking in the next 12 months then? Hmmmmm......not long!0 -
Great News For Homeowners!!!! Mortgages Will Be Cheaper!!
Technically, a home owner has no mortgage.0 -
He should have set the tax free allowance to something like £10k/year. Everybody would get it then. The interest rate drop gives people in debt an extra £2-3k/year. Increasing the basic tax free allowance from 603L to 1000L would have helped a lot more people.FoxtonsRIP wrote: »Err..No. There's 6 times as many savers as borrowers so possibly 6 times as many people that are worse off rather than better off.
And even if there were an equal number of savers and borrowers, you want to encourage saving and not reckless borrowing for the long-term well-being of the economy
Savers could have saved.
Pensioners wouldn't have had their income decimated.
People in debt would have more in their hand.
People not in debt would have had spare money to spend, spend, spend.
People on the verge of thinking of working would be encouraged to get off benefits and go find a job.0 -
PasturesNew wrote: »He should have set the tax free allowance to something like £10k/year. Everybody would get it then. The interest rate drop gives people in debt an extra £2-3k/year. Increasing the basic tax free allowance from 603L to 1000L would have helped a lot more people.
Savers could have saved.
Pensioners wouldn't have had their income decimated.
People in debt would have more in their hand.
People not in debt would have had spare money to spend, spend, spend.
People on the verge of thinking of working would be encouraged to get off benefits and go find a job.
I thought OAP's received a fairly generous tax allowance (over 9k rising by more that RPI) subject to the earnings over 21.8k rule.'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
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