Quarter of mortagage 'SVR'

Max_Headroom_3

Riiiiight.

So house prices (that incidentally are loads down on where they were a year ago and being measured in small transactions) are THE only measure of economic success or failure now are they?

Listen, you're clearly not here to discuss this, your mind is made up so I'll leave you to your miraculous government created recovery and the rest of us will do our best in the real world.

Max_Headroom_3

HAMISH_MCTAVISH wrote: »

So you are denying that governments have the ability to influence the markets?

Interesting.:rolleyes:

You clearly know otherwise.

It's amazing these recessions ever happen given the governments power to switch them off when required isn't it?

Graham_Devon

HAMISH_MCTAVISH wrote: »

Really?

Perhaps you can show me the last 5 or 6 months of Nationwide price falls?

No?

If he showed you 7 I'm sure you'd get pretty upset.

Must ignore January, must ignore january....

Thrugelmir

HAMISH_MCTAVISH wrote: »

It the same reason that 50% falls across the board are impossible. It would cause every major bank to fail. It would put millions more deep into NE. It would cause insolvency of all the major homebuilders. Housebuilding industry would cease to exist, unemployment would skyrocket, etc, etc, etc.

It's the same reason that 500,000 repo's are impossible. That many homes being repo'd and sold would cause 50% price falls, which would cause the banks to fail, etc etc etc.

All of it, is the modern day economic equivalent of the old MAD nuclear deterance theory.

Therefore house prices cannot drop 50%. Repo numbers cannot reach hundreds of thousands.

Overseas bond holders cannot afford to have the UK enter a depression, and default on the existing debt. Therefore there will be no bond strike, and interest rates will not reach a high enough level to trigger any of the other tipping point events.

Sounds like desperation to me.

The fact is there is no money in the Governments coffers to support the market.

The international markets will assess the risk and charge the UK market an appropriate interest rate. No more cheap money.:eek:

We live in a global market economy.

What happens will happen.

The only guaranteed certainty is those in debt will be paying it off over a long period with no return. Including those sensible UK taxpayers who didn't speculate. Though who are least can make money while interest rates are high and inflation are low. Meaning that the period of austerity will at least be manageable.

HAMISH_MCTAVISH

:rolleyes:

Thrugelmir wrote: »

Sounds like desperation to me.

:rotfl:

Given that there was no desperation when prices were falling by a few percent a month, what on earth makes you think we'd be desperate now that prices are rising????

The fact is there is no money in the Governments coffers to support the market.

The international markets will assess the risk and charge the UK market an appropriate interest rate. No more cheap money.:eek:

Ah, like just now you mean. Where rates are at an all time low, and forecast to remain there for years.

We live in a global market economy.

What happens will happen.

We certainly do. And who, pray tell, do you think has the most to lose from the UK/USA defaulting on it's debt, or crashing the currency?

Hmmmmm, I wonder. Could it be those global investors who already hold much of the debt? Do you really think they will go on strike, and cause the very thing they fear the most?

Tell me, do you also believe in monsters under your bed?:rotfl:

The only guaranteed certainty is those in debt will be paying it off over a long period with no return.

Prices are up by 7.5% this year, and now forecast to be up this year, and next year. Perhaps you have a different definition of "no return" than the rest of us?

Including those sensible UK taxpayers who didn't speculate.

Ah, you mean those people who will lose out in the inflationary times to come. Oh wait, inflation screws savers, not debtors.

Never mind.;)

Though who are least can make money while interest rates are high and inflation are low. Meaning that the period of austerity will at least be manageable.

:rotfl:

It's the "Austeritehhhhhhh"

You have no respect for my Austeritehhhhhh......:D

The Tories are coming.

Party of shameless greed and capitalist values.

With Kirsty Alsopp as their housing advisor.:eek:

Let the good times roll........

b0rker

HAMISH_MCTAVISH wrote: »

:rotfl:

It's the "Austeritehhhhhhh"

You have no respect for my Austeritehhhhhh......:D

Calm down mate.

With lines that funny you're starting to make mewbie look humorous..

Max_Headroom_3

HAMISH_MCTAVISH wrote: »

:rolleyes:

:rotfl:

????






Hmmmmm, I wonder. Could it be those global investors who already hold much of the debt? Do you really think they will go on strike, and cause the very thing they fear the most?

Tell me, do you also believe in monsters under your bed?:rotfl:



Prices are up by 7.5% this year, and now forecast to be up this year, and next year. Perhaps you have a different definition of "no return" than the rest of us?



Ah, you mean those people who will lose out in the inflationary times to come. Oh wait, inflation screws savers, not debtors.

Never mind.;)




:rotfl:

It's the "Austeritehhhhhhh"

You have no respect for my Austeritehhhhhh......:D

The Tories are coming.

Party of shameless greed and capitalist values.

With Kirsty Alsopp as their housing advisor.:eek:

Let the good times roll........

When you're resorting to pseudo patronising crap like this, I think it's fair to say your argument (for what it was worth) is already lost.

You must really need this recovery bad...