BOE Rates hit 1.5%

Really2

Old_Slaphead wrote: »

That doesn't really address my question - how do lower interest rates really help?



If everyone goes bust then I'll still have my house (assuming, big assumption, that anarchy won't have broken out) but mortgage holders won't have theirs - or if they do, it won't belong to them and will be termed "social housing"!

If you cant understand how lower interest rates help UK business it is not worth wasting my breath is it.:rolleyes:

As for your house coment if evey one goes bust it would be a free for all so I would not imagine your house would be yours for long, would it?
Big dave want's it.:rotfl:

speedbird1973

carolt wrote: »

How can I have missed the boat? Is that the boat where I watched the value of my house drop month by month?

Oh no! I'm so sad I missed it!

It's a lovely sunny day here, thank you. Even turned warm now.

You may not have missed the boat - you HAVE missed the point however. I have a nice HOME, security, I can knock a wall down, redecorate do as I please in my property (well within reason!). It's not all about the investment, which will recover. One day. I invested £10k in a deposit on a flat 8 years ago. If I sold up and with a bit of luck by £10k is now £70k - and I have a home. Poor lil ole me!

You're also no closer to getting a mortgage Carolt - fewer and fewer people will lend you any money to buy a super cheap house! You started with nothing you still have nothing and for the next few years you'll still have nothing - ergo you are nothing!

WTF?_2

carolt wrote: »

That's OK chucky, I just joined in in the spirit of things as it appeared I had stumbled across the gloating thread.

How right I was.

Is Chucky trying to tell us he's really well off again?

Good to see his Polaris World misadventure hasn't stopped him becoming such a property magnate. LOL

mr.broderick

!!!!!!? wrote: »

Is Chucky trying to tell us he's really well off again?

Good to see his Polaris World misadventure hasn't stopped him becoming such a property magnate. LOL

To be honest you come up with some good stuff at times

chucky

!!!!!!? wrote: »

Is Chucky trying to tell us he's really well off again?

Good to see his Polaris World misadventure hasn't stopped him becoming such a property magnate. LOL

you sticking up for Carol all the time is getting quite creepy now... please stop...

Hacienda Riquelme sold 2006, before it was even built... flipped...

by the way !!!!!! I thought that in your ivory tower you never made things personal or attacked anyone personally... well you just have... oooops

mr.broderick

chucky wrote: »

Hacienda Riquelme sold 2006, before it was even built... flipped...

by the way !!!!!! I thought that in your ivory tower you never made things personal or attacked anyone personally... well you just have... oooops

Nice move chucky, well done.

Kenny4315

:beer: There's another £125 a month profit. Nice one Mr Clown & Hs Darling :beer: , pity there's only another 1.5% to go 'cos then your well and truly .DEKCUF

WTF?_2

speedbird1973 wrote: »

You may not have missed the boat - you HAVE missed the point however. I have a nice HOME, security, I can knock a wall down, redecorate do as I please in my property (well within reason!). It's not all about the investment, which will recover. One day. I invested £10k in a deposit on a flat 8 years ago. If I sold up and with a bit of luck by £10k is now £70k - and I have a home. Poor lil ole me!

So you bought in 2000 when prices were sensible, before the crazy HPI boom, and eight years later your property is worth more? Not exactly a shock there. Unfortunately, not everyone was in a position in their life where they were going to want to or be able to buy in 2000 or earlier.

You might want to spare some thought for the people suckered into buying in the later stages of the boom, especially those who bought in 2007.

Prices started to diverge from common sense around 2003 and it looks like they could well end up back there.

With mass unemployment threatening that means a lot of people in a very sticky financial situation. A large number of people face ruination for buying a house at the wrong time (not in 2000 when it was lucky for you) because of the greedy rush into property, fuelled by dodgy credit which is now unwinding to disastrous effect.

WTF?_2

Kenny4315 wrote: »

:beer: There's another £125 a month profit. Nice one Mr Clown & Hs Darling :beer: , pity there's only another 1.5% to go 'cos then your well and truly .DEKCUF

The real problem is the longer term effect of the low rates now. Once they shoot back up it's going to hammer people who are just about able to make ends meet at the current panic levels because they quite simply borrowed too much.

mr.broderick

!!!!!!? wrote: »

So you bought in 2000 when prices were sensible, before the crazy HPI boom, and eight years later your property is worth more? Not exactly a shock there. Unfortunately, not everyone was in a position in their life where they were going to want to or be able to buy in 2000 or earlier.

You might want to spare some thought for the people suckered into buying in the later stages of the boom, especially those who bought in 2007.

Prices started to diverge from common sense around 2003 and it looks like they could well end up back there.

With mass unemployment threatening that means a lot of people in a very sticky financial situation. A large number of people face ruination for buying a house at the wrong time (not in 2000 when it was lucky for you) because of the greedy rush into property, fuelled by dodgy credit which is now unwinding to disastrous effect.

Quite good however people who bought in 2007 hopefully had big deposits. anybody who purchased with less than 10% deposit will struggle to remortgage, having said that the svr is probably more attractive as long as rates stay low and i feel we have 12 more months of low rates which by that time should see property to rise again.