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Debate House Prices
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Interest rates 'may hit 8pc' in two years
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I agree, it just seems that a 70 year old who has put a bit away for their old age and is unlikely to be able to search the net for the best accounts or have a good idea of what to invest their savings in, should be seeing their capital eroded by inflation. It does seem to be punishing those that did "the right thing".
Possibly so. 'Tis life though, isn't it? I think if you have over £30k (or something like that) and can't use the internet then you go to a IFA and get them to invest on your behalf. Obviously you'd have to have some for of appetite for risk, and I fully understand that a 70 year old doesn't want all their money invested in some Global Emerging Markets fund.
If you're 70 and not getting a lot from your savings you probably saw your house go up in value by 3000% over the last 40 years. This money lark is all swings and roundabouts isn't it?0 -
That assumes you own a house.0
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That assumes you own a house.
So savers should somehow be compensated for neglecting to buy 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 -
HAMISH_MCTAVISH wrote: »So savers should somehow be compensated for neglecting to buy one?
Homeowners are currently being helped at the taxpayers expense for buying a house they couldn't really afford.
But you are all for that.
Not sure why you have such a dislike for savers Hamish?0 -
angrypirate wrote: »Dont tell me, your parents have always voted labour, and your parents parents have always voted labour and you dont really understand politics?
Why dont you have a look at the share of the vote and compare it to last time Liebor won - Liebor had a smaller share of the vote and yet a bigger commons majority....
Well I didn't vote Labour last time but next time?'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 -
angrypirate wrote: »Dont tell me, your parents have always voted labour, and your parents parents have always voted labour and you dont really understand politics?
Why dont you have a look at the share of the vote and compare it to last time Liebor won - Liebor had a smaller share of the vote and yet a bigger commons majority....
At the end of the day, I don't think the conservatives have reason to complain, because the first past the post system still gives them more MPs than they would get in a proportional system.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
That assumes you own a house.
No, it doesn't. I was more just making a general comment that this money lark was swings and roundabouts. You win some, you lose some. That type of thing.
I went to see my Dad this weekend, and he has just sold his house and moved in to rented (for personal reasons, not financial). So he has £400,000 to do something with, but he won't make much as interest rates are poor. But it's a nice problem to have, considering he bought the house he's just sold for £400,000 for less that £150,000. So as I say, you win some, you lose some. Whether it's stocks, houses, interest rates or anything else.0 -
It won't - now go back to sleep
If it happens, nearly half of nation will ask for council house. No govt. can allow this to happen. Simples.Happiness is buying an item and then not checking its price after a month to discover it was reduced further.0 -
HAMISH_MCTAVISH wrote: »So savers should somehow be compensated for neglecting to buy one?
Many never had the opportunity, despite working flat out all their lives.0 -
It won't - now go back to sleep
If it happens, nearly half of nation will ask for council house. No govt. can allow this to happen. Simples.
Seem to remember 10 or so years ago rates were around 7 or 8%, wasn't a complete disaster then. Most would get through it OK.
Anyone that didn't factor 8% into a house buying decision is an idiot and probably deserves to lose their home anyway.0
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