House Price Crash Part 2

Harry_Powell

JonnyBravo wrote: »

Oh I'd have a pound he's not new.

It was his best yet til his last post..... but that confirmed it for me.

:rolleyes:

Please don't say I'm another ad44downey sockie. That poor guy seems to be accused of being just about everyone (fatpig, pizza girl, others I can't remember).

JonnyBravo

Harry_Powell wrote: »

Please don't say I'm another ad44downey sockie. That poor guy seems to be accused of being just about everyone (fatpig, pizza girl, others I can't remember).

I wouldn't say that, because I don't think you are.

Jonbvn

Really2 wrote: »

Indeed, I don't want it as I am a home owner, but at least I thought it was the strongest possibility so I got a stupidly low tracker.

Our tracker is also so low it couldn't reach up to scratch a snakes belly;)
Even the pathetic savings rates on offer are significantly higher. However, our timing was fortuitous.:cool:

Really2

Jonbvn wrote: »

Our tracker is also so low it couldn't reach up to scratch a snakes belly;)
Even the pathetic savings rates on offer are significantly higher. However, our timing was fortuitous.:cool:

Indeed my offset account is making zip but at least it is all safe and working for me:)

kennyboy66_2

the_ash_and_the_oak wrote: »

got a point tbh. tho not really into the idea that inflation is going to come in as this saviour wiping away everyone's debt.

don't really see wage inflation on the horizon tbh. think we'll see fuel, food and taxes taking up larger proportions of salary imo

This might well be true - certainly the tax bit and probably the fuel bit, but why in the face of high unemployment (3 million plus in 2010 & 2011) and falling or static asset prices will there be 10% interest rates ?

I can see gilts buyers demanding a higher rate but 10% in a largely deflationary environment, with an economy that has plenty of capacity ?

I don't think so.

The doomsters want it all ways.

High unemployment
No wage Inflation
High interest rates.

You can have 2 out of 3, but not all three.

the_ash_and_the_oak

kennyboy66 wrote: »

This might well be true - certainly the tax bit and probably the fuel bit, but why in the face of high unemployment (3 million plus in 2010 & 2011) and falling or static asset prices will there be 10% interest rates ?

I can see gilts buyers demanding a higher rate but 10% in a largely deflationary environment, with an economy that has plenty of capacity ?

I don't think so.

The doomsters want it all ways.

High unemployment
No wage Inflation
High interest rates.

You can have 2 out of 3, but not all three.

see your point but not really sure which post of mine referring to high interest rates you're talking about imo

the_ash_and_the_oak

tho I suppose you could be conflating one persons opinion with another. thats happened to me before also tbf

though at a point in the future where rates might rise it'll be interesting to see what sectors of employment drive wage inflation and how successful they are. kinda feeling a great strength of organized labour in the past was the ability to drive wage inflation, and wondering how well a de-unionized and fragmented labour force will do at this in the future