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Debate House Prices
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BBC blog - Politician says lowering prices is "politcal suicide"
Comments
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'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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Margins rose to cover the increase in risk, not to increase profits....
:rotfl::rotfl::rotfl::rotfl:
You are a funny one....
Margins rose to increase profits, due to a lck of competition in the market, and because with limited funds to lend the banks had to ration it somehow and price is as good a mechanism as any.
The average bank margin is now three times what it was in 2007.
Banks are lending a third as much.
Bank profits remain the same.
The consumer gets screwed, the banks win, and bizarrely some idiots on internet forums seem to think this is a good thing.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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