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Debate House Prices
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which party protected our homes more in recession?
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er, i think they'll be pretty up there. a severe hpc would impact on every area of the economy / society.
The UK has had a few severe hpcs in my lifetime.RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
Read the sticky on the House Buying, Renting & Selling board.0 -
i understand the issue with the CML - it's a bit of a political game with them as they are shouting about this because their member don't want the extra capital requirements that will be implemented. which as you say if they are implemented it will reduce the amount of money that they can lend.
the capital requirments are going to be watered down or implemented gradually and not at the level that are being shouted about otherwise it will freeze the money markets again. it's just not going to happen.
you've taken the worst case scenario and expecting it to happen without any other options.
It's actually two separate issues, refinancing the £300 billion in govt funding and the reduction in money to lend from the proposed increase in capital requirements.To the contrary young padawan. One might assume the government wants sterling to devalue.
Of course. But how far do they want it to devalue, to nothing? It's already lost 25% vs the dollar from the price in late 2008 and the outlook still looks bearish. It's lost even more vs the euro, in fact it's depreciated against every major currency except the Zimbabwean dollar.
A cheap pound is great for our manufacturers, but not great for many people's lifestyles, considering all the imported products we consume.0 -
MissMoneypenny wrote: »The UK has had a few severe hpcs in my lifetime.
No doubt we'll see it thru and weather the storm like previous events?Official MR B fan club,dont go............................0 -
Of course. But how far do they want it to devalue, to nothing? .
To 56.2316452% of its current value. Ask a silly question get a silly answer.
A cheap pound is great for our manufacturers, but not great for many people's lifestyles, considering all the imported products we consume.
The pain has to land somewhere. We are where we are.0 -
No doubt we'll see it thru and weather the storm like previous events?
Yes we will, but I get the feeling that it is going to be a lot harder this time.RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
Read the sticky on the House Buying, Renting & Selling board.0 -
People will decide who to vote for on the basis of the health service, jobs, education...not on the value of their home.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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A cheap pound is great for our manufacturers, but not great for many people's lifestyles, considering all the imported products we consume.
yeah well maybe we'll have to learn to live without so much cheap tat from china. not a bad thing.
i saw lord turner is suggesting a "carbon tax" on products from outside the eu. even better.
we've got to stop relying on cheap foreign labour to sustain our lifestyles anyway.
a bit of make do and mend wouldn't do us any harm. pretty mse too.Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron0
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