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Bank of England warns of tougher curbs on mortgage lending

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Comments

  • Yes, investing in property does seem to get people's goat on here for some reason. As far as I'm concerned it's as relevent as any other investment.

    it doesn't seem like any other investment, to me.

    If I have shares, premium bonds, building society accounts, all the rest of it, I don't have to run the company / bank / NS & I.

    It's more akin to running a business than passive investment.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    edited 1 October 2010 at 10:26PM
    Wookster wrote: »
    Reminds me of a quote I heard: Lord make me chaste, but just not yet.

    St. Augustine of Hippo, born in Africa about 4th century AD. Major early Church figure. He wrote it in his book Confessions, which is in Latin. I can't remember the Latin version, but he wrote:

    As a youth I prayed, "Give me chastity and continence, but not yet".
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ILW wrote: »
    Think you may have got a little caught up in the hype, most of the things you mention were not even invented 20 or 30 years ago.
    When I was a teenager (30 years ago) myself and all my friends all had cars. They did tend to be a little old and rubbish and cost about 50 quid but I truly cannot see that the standard of living is that much better now despite the amount of debt.

    In the 1970's the average home had 13 electrical appliances in total.

    Add up how many items you have today in yours......

    Times have changed.
  • Damaged
    Damaged Posts: 122 Forumite
    more warning from the BOE about the same thing over and over again.
    Just mortgage adivsors telling us to fix mortgages now because they are really low, yet the following month the banks lower them.

    I'm not sure why people bother reading this garbage anymore
  • Thrugelmir wrote: »
    In the 1970's the average home had 13 electrical appliances in total.

    Add up how many items you have today in yours......

    Times have changed.

    Not that many more, but I reckon we may have fewer than many people do. 16 here, I think.


    Kitchen - 5:

    fridge-freezer
    washer-dryer
    dishwasher
    kettle
    steamer

    Living room - 3:

    TV
    video
    DVD

    Bathrooms - none

    Bedrooms / studies - 8:

    computers x 2
    printer
    radios x 2
    mobiles x 2
    ipod
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • Damaged
    Damaged Posts: 122 Forumite
    Not that many more, but I reckon we may have fewer than many people do. 16 here, I think.


    Kitchen - 5:

    fridge-freezer
    washer-dryer
    dishwasher
    kettle
    steamer

    Living room - 3:

    TV
    video
    DVD

    Bathrooms - none

    Bedrooms / studies - 8:

    computers x 2
    printer
    radios x 2
    mobiles x 2
    ipod


    what about a toaster, oven, microwave, food processor, power tools.


    Even so, hardly a remarkable increasel, but then interesting to see what they had in the 70's
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Not that many more, but I reckon we may have fewer than many people do. 16 here, I think.


    Kitchen - 5:

    fridge-freezer
    washer-dryer
    dishwasher
    kettle
    steamer

    Living room - 3:

    TV
    video
    DVD

    Bathrooms - none

    Bedrooms / studies - 8:

    computers x 2
    printer
    radios x 2
    mobiles x 2
    ipod

    Only one TV?

    I say in jest. As many homes have one per room ......
  • Thrugelmir wrote: »
    Only one TV?

    I say in jest. As many homes have one per room ......

    Yes, one TV. Which we don't watch much, anyway.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • Damaged wrote: »
    what about a toaster, oven, microwave, food processor, power tools.


    Even so, hardly a remarkable increasel, but then interesting to see what they had in the 70's

    No toaster, microwave or power tools. I forgot the oven, because the hob is gas, but you are right, the oven is electric. And we do have a food processor. So that's 18, not 16 (-:
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Damaged wrote: »
    Just mortgage adivsors telling us to fix mortgages now because they are really low, yet the following month the banks lower them.

    By changing products mortgage advisors and banks earn fees.

    Far better to save the fees and just reduce the mortgage.
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