We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Ernst & Young: Rates won't rise until 2014
Comments
-
Chaos_A.D. wrote: »:rotfl:
Not really, he attacked people that save, presumably because he's in debt and has no savings. I was just making the point that he would unlikely to be calling savers tight @rses if he had savings and zero debt, he just came across as bitter.
And all you've done is insult a lot of third-parties who had nothing at all to do with your argument.
I dont really understand whats behind all these arguments about 'debt monkeys' and to be honest, I'm not terribly interested, but I would like to say that it seems very silly to be tarring all people who have a mortgage with the same brush. I currently have a £270k mortgage and by the definition used on here, I'm a 'debt monkey'. however I also have £180k of equity, which means that I could be mortgage free in the sort of house that the people making the 'debt monkey' accusations probably live in. I fail to see why someone who choses to live in a more expensive house with a larger mortgage is a lesser person than someone who lives in a cheaper house with a smaller mortgage. It's their choice and it doesnt impact anyone else.
Sorry, about the lecture
. I'm just getting tired of all the back-biting, name calling and accusations on here. I came on MSE because I thought it was a community of like-minded people who are helping each other to gain financial knowledge and get on in life. What I find on many boards are small-minded people trying to get one up on each other. 0 -
You forgot this part
The Office for Budget Responsibility (OBR) has said that it expects rates to start to rise next year
The OBR also expects house prices will rise every year in the term of this parliament, and will be 20% higher by 2015.
But I don't see you quoting them on that one......“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 -
Chaos_A.D. wrote: »:rotfl:
Not really, he attacked people that save, presumably because he's in debt and has no savings. I was just making the point that he would unlikely to be calling savers tight @rses if he had savings and zero debt, he just came across as bitter.
pmsl....attacked,was merely a light hearetd attempt at countering the debt junkie tag from nn.
feel free to climb back into your're mortgage free ivory tower.Official MR B fan club,dont go............................0 -
the funny thing is that the very same posters trying to discredit this Ernst & Young report will be the first ones to start a new thread on the Ernst & Young report (out today) on economic growth which will probably be quite negative .HAMISH_MCTAVISH wrote: »The OBR also expects house prices will rise every year in the term of this parliament, and will be 20% higher by 2015.
But I don't see you quoting them on that one......0 -
Er, yeah. It's implicitly clear that this is what the government are gonna do to us.If rates don't rise soon we will have massive inflation and static incomes, meaning we'll be much worse off. Maybe that's what the government really wants - reduce us to a sweatshop economy while promoting Chinese levels of growth. Not sure if this approach will work - are people in this country seriously prepared to live like this?
People are asleep in this country after a big fat dose of delicious property inflation by way of a credit binge, and all mind-addled through celebrity gaseous excretions.
We'll get pushed to the point of demonstrations (which will be ignored) and then, perhaps riots (which will be quashed and its participants incriminated).
We. Are. Stuffed.Long live the faces of t'wunty.0 -
HAMISH_MCTAVISH wrote: »The OBR also expects house prices will rise every year in the term of this parliament, and will be 20% higher by 2015.
But I don't see you quoting them on that one......
Why quote them about that topic in this thread? This is about IR0 -
the funny thing is that the very same posters trying to discredit this Ernst & Young report will be the first ones to start a new thread on the Ernst & Young report (out today) on economic growth which will probably be quite negative .
Surprise, surprise. Hamish posts a reply and chucky is there right away like his little lap dog. Chucky just wants to be loved by Hamish.0 -
-
Think I'm a bit of a cynic here. I reckon that they're saying that interest rates are going to be kept low so that more and more people will take out bigger loans and mortgages when the goings good. Give it until the latter part of next year and then they'll up in the interest rates using some excuse or other and we'll all be sunk.
I'm probably entirely wrong though, so just shoot me.0
don't you like what i said...This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards