Debate House Prices


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Nationwide imposes sharp rise in fixed rates.

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Comments

  • Treadmill
    Treadmill Posts: 1,102 Forumite
    Rollerball wrote: »
    Yes, the BoE interest rate is going to stay at 0.5% for the next 25 years.:rolleyes:

    How long did interest rates stay at 0% in Japan ?
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Treadmill wrote: »
    How long did interest rates stay at 0% in Japan ?

    So you think they could stay at 0.5% for that long, in a country which has a completely different set of economic erm, things?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Treadmill wrote: »
    How long did interest rates stay at 0% in Japan ?

    Mortgage rates held steady at around 3.5%.
  • greggymagic
    greggymagic Posts: 172 Forumite
    Part of the Furniture 100 Posts
    Graham_Devon wrote: »
    So you think they could stay at 0.5% for that long, in a country which has a completely different set of economic erm, things?

    Quality -:rotfl: that made me chuckle at the end!
    I don't have to run faster than the bear.....I just need to run faster than you!
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    Japan has long struggled with deflation. In addition credit isnt easy to obtain and people are loath to buy things they cant buy outright.

    Pretty much the exact opposite of the UK. But then they havent had the advantage of a a financial genius in charge for the last decade like we have.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Treadmill wrote: »
    Double bad news considering that the £150,000 in your example buys you 2.2% less property than it did last month

    ouch - that's got to hurt. which means that i've made another £5000 again last month.
    happy days!!!
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    chucky wrote: »
    ouch - that's got to hurt. which means that i've made another £5000 again last month.
    happy days!!!

    The lord giveth, and the lord taketh away.;)
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