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Debate House Prices
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At last. A sane comment on house prices and the recent interest rate cut
Comments
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You really are a heartless
fill in the blanks.
Nearly all companies are the same. It is all about the bottom line.....
Having lived in more countries than I care to name, IMHO there may be some harsh lessons ahead for people in the "west".
My personal favourite from a person in SE Asia:
"No work - No Eat"In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0 -
Plenty of small caps are apparently trading for a lower mkt cap than the cash they have in the bank.
Apparently RHJ Holdings is one of those (DYOR, I have no conection and no position long or short at present).
Standard life has 3bn in cash on their balance sheet and a market cap of 5.7bn
Thats basically what I thought. We dont have a free market at the moment and government or brown handing out lectures is not good for business at home or internationally.rate cut and anti-repossession measures are a huge gift to people who took on large loans during the boom, and to those who can no longer afford them. But it won't do anything to promote a healthy, sensibly priced property market
I hope he understands he needs to reverse his big brother business ideas as soon as possible0 -
Low interest rates are a good thing I reckon. House prices a lot lower than a year ago, and money a lot cheaper to borrow. Its the 20% deposit that's a bit of bummer. Still, that could change soon when Broon gets on the banks' case. Its just a shame it took a financial meltdown to get to this point (where house prices are concerned, I mean).18 May 2007 (start of Mortgage):
Coventry Offset Mortgage £220800
Offset Savings: £0
Mortgage Balance: £220,800
14 Jan 08
Coventry Offest Mortgage: 219002
Offset Savings: 28200
Mortage Balance: £190802
And still chucking every spare penny into it!0
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