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Debate House Prices


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BOE Base = 2%

12357…15

Comments

  • Kez100
    Kez100 Posts: 2,236 Forumite
    StevieJ wrote: »
    Yeh, but could have had a job running a B&B :D

    They are struggling! I think BB in areas where the americans and japanese visit are going good gongs but they don't tend to venture South West of Cheltenham and Stonehenge.

    Just seen your post Stevie about the stockmarket - indeed - lets hope the didn't STR and put it all into shares. Different story.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Cannon_Fodder wrote: »
    Who would have thought we'd be seeing a graph with a steeper fall than house prices?


    _45267046_5a2c227d-1aba-4a14-a151-244ead3b5c1e.gif


    Doesn't smack of panic, much.
    It'd be interesting to see that on a 100-year scale.
  • Lotus-eater
    Lotus-eater Posts: 10,789 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    Halifax are pretty good at delivering the Coup de grace on rates day, if there were any members opposing the 1%, the house figures saw them off :D
    Any member opposing the rate drop would probably have had a very big man in a smart suit standing opposite him and looking very intently at said member.
    Freedom is not worth having if it does not include the freedom to make mistakes.
  • pickles110564
    pickles110564 Posts: 2,374 Forumite
    PasturesNew wrote: »
    I was cooking beans on toast when it was announced.
    I scraped the beans back into the can .... can't be having such extravagences now!
    :)

    PN you cant take your money with you, dont feel guilty about having the odd decent meal or two. I bet gordy is not feeling guilty that he has screwed up treasury.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    PasturesNew wrote: »
    It'd be interesting to see that on a 100-year scale.

    Or even back to 1694 :D
    '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 Thatcher
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    PasturesNew wrote: »
    Totally out of the question. Most people think that but the house would have needed a lot of investment - and you can't really run a B&B on your own, it takes a couple. Also, I don't communicate well with people, and it's a people-centric business.

    It's also VERY seasonal .... in an area where tourism's probably just dropped off a cliff.

    Ahh PN you look at the problems not the solutions :p Only kidding :D
    '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 Thatcher
  • kaya
    kaya Posts: 2,465 Forumite
    Part of the Furniture Combo Breaker
    im not complaining, my mortgage payments have just dropped by £130pm, yipeeeeeeeeeeee
  • pickles110564
    pickles110564 Posts: 2,374 Forumite
    kaya wrote: »
    im not complaining, my mortgage payments have just dropped by £130pm, yipeeeeeeeeeeee

    Kaya, make sure you use the money very wisely.
    Just remember how fast and deep they have cut the rates because you can bank on the fact that if Gordy gets re-elected they will have to rise even higher than the 5.75 peak a very short time ago.
  • Cannon_Fodder
    Cannon_Fodder Posts: 3,980 Forumite
    StevieJ wrote: »
    Who do you expect BOE action to show results in minutes? this is designed to provide economic stimulus over the next two years. This is not about the housing market!



    Totally agree.

    So what would be so wrong about waiting for the previous 0.5% and 1.5% reductions to have some time to take effect?
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Cannon_Fodder wrote: »
    Totally agree.

    So what would be so wrong about waiting for the previous 0.5% and 1.5% reductions to have some time to take effect?

    Because the reductions are based on what they can "get away with" if we did 2.5% last month the markets would have thought we were mad.

    Get over it CF rates need to come down. Am I off "ignore" again.;)
This discussion has been closed.
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