Apathy?

Thrugelmir

Graham_Devon wrote: »

I was wondering whether this was a wider scenario, with people adjusting to paying lower mortgages and maybe making commitments based on current outgoings?

For the majority its a question of adjusting to lower income rather than lower mortgage rates.

Luck divides those on exceptionally low interest rates and those at more normal levels.

Emy1501

Harry_Powell wrote: »

I find it difficult to believe that your brother's uncle's sister's boyfriend (or whoever it is this time) is basing her decision to reduce her working hours purely because her mortgage rate has fallen.

Good try though Graham.

Why? I know people who have gone out and bought new cars etc based on the fact their mortgages are lot lower and they now have extra free cash. There will be those who believe that these low mortgages are here to stay now and are adjusting their lifestyle accordingly.

The question is, is it just a few or is it a trend.

Harry_Powell

Emy1501 wrote: »

Why? I know people who have gone out and bought new cars etc based on the fact their mortgages are lot lower and they now have extra free cash. There will be those who believe that these low mortgages are here to stay now and are adjusting their lifestyle accordingly.

The question is, is it just a few or is it a trend.

I believe that OP was about reducing hours/giving up work mainly due to lower mortgage rates. Do you know anyone who has reduced their hours or given up their jobs just because their mortgages are lower?

drc

Lucky her. My mum is having to work more hours at 72 because the interest on her savings has dropped so low.

Pete111

Apathy?

Meh.

Graham_Devon

Harry_Powell wrote: »

I believe that OP was about reducing hours/giving up work mainly due to lower mortgage rates. Do you know anyone who has reduced their hours or given up their jobs just because their mortgages are lower?

Your belief was wrong.

I asked:

Is this something that others are finding, or is it just a one off case? Are people literally adjusting more permanently to lower mortgage costs?

I didn't ask whether people were redcuing hours or quitting work per se. I said adjusting. That can be less hours, more holidays, new car, more commitments and so on.

Open your mind, etc.

System

I had an extra holiday last year, I don't think that's adjusting though as it's not a permanent change.

If I had booked non-refundable holidays for the next 15 years, then yeah.

purch

Your belief was wrong

Open your mind, etc

Harry...you should know by now that reading/understanding a post on Devonomics requires you to take some mind altering substances.

My half brothers wife has just reduced her hours from 5 days a week to 3 days a week. She wants to spend more time at home now that outgoings are not as high.

This clearly means that the OP has NOTHING to do with

about reducing hours/giving up work mainly due to lower mortgage rates

:eek:

Harry_Powell

purch wrote: »

Harry...you should know by now that reading/understanding a post on Devonomics requires you to take some mind altering substances.



This clearly means that the OP has NOTHING to do with



:eek:

LOL, thanks Purch. I keep falling for his devious Devonomics!! Iforget that you have to remember that he types one thing, yet expects you to mindread and understand that he means something completely different!

I went to the pub last week and had a Port at the end of the evening. Normally I wouldn't be so expansive but my mortgage is so cheap that I decided to splurge. I'm now worried that my over exuberance will put my home at risk! Can anyone advise me what I should do?

Emy1501

Harry_Powell wrote: »

I believe that OP was about reducing hours/giving up work mainly due to lower mortgage rates. Do you know anyone who has reduced their hours or given up their jobs just because their mortgages are lower?

Principles are the same. What the OP is simply asking is are people with low interest rates getting used to them as being normal and adjusting to them. Many women with kids work because they have to therefore if one believes the lets say £600 savings a month are here to stay in the longterm then maybe some will reduce hourse etc.