What Interest Rates Percentage Are People Factoring In When Planning To Bu

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Well, I have! (or will have soon!)

JonnyBravo

geoffky wrote: »

When you are buying or planning to.What percentage of interest rates are you using to plan for future affordability... i would reckon if i was not paying cash i would be using around 8.5% at least.. or do some not even do it?

Well you would say that geoffky cos you reckon the sky is falling in every day.
The fix option clearly means you don't need to think about 8% for a long time.

Some clearer thinking is called for geoffrey. :wall:

Really2

I think 5-5.5% is the historical average even if you include the stupid highes of the 70's and 80's
Yes belive it or not the last 40 years interest rates have been abnormaly high not low like some like to make out on here.

Really2

Dooooooooooooooonut wrote: »

Different monetary systems, very hard to make a fair comparisons.

So you it is more global now so you could argue that the 70's and 80's are also irrelevent?

I thought it was still the £ and the BOE though.;)

Really2

Dooooooooooooooonut wrote: »

They are not irrelevant; just don't assume that we will repeat the past... there will be surprises in store.

So it is pointless budgeting you are saying then? Because the future is impossible to forsee.