When interest rates to go back to normal many more distressed sellers?

Jimmy_31

Sibley wrote: »

5% rates will not worry anyone.
We are just enjoying the low period. When they rise we will pay it no problem.

Say that ten times a day every day and you might just convince yourself its true.

WE ?

Jimmy_31

mbga9pgf wrote: »

Anyone thinking 5% rates would be normal any time soon needs to do some research into basic economic theory. In particular, the velocity of money and have a bl00dy good look at the Bank of Englands M4 graph.

Whilst people hoard cash, money velocity will remain low. The only liquidity that we currently have is in the financial markets and in particular a flight to commodities, something raising base rate cannot solve. The Bank of England know this; their current job is to educate the masses that actually, a base rate rise is the last thing we want.

And to all those boomers whining about their savings rates, I say, "Suck it up". Maybe you are starting to see how it feels to have your future wealth taken away from you. All that is currently happening is a generational transfer in wealth from old to young that is well and truly overdue.

All you people saving a house deposit "suck it up":rotfl:

macaque_2

HAMISH_MCTAVISH wrote: »

Why does this site attract people with below average intelligence?

If you would just keep still for a minute so that I can fit the tracker collar, we will be able to find out.

debtistheft

Not long now and the house(s) of cards will come tumbling down. An economy built on debt is no economy at all.

"Now come and put a curse on these people, because they are too powerful for me. Perhaps then I will be able to defeat them and drive them out of the country. For I know that those you bless are blessed, and those you curse are cursed."

chucky

debtistheft wrote: »

Not long now and the house(s) of cards will come tumbling down.

you'll probably be on your 375,765,456th different user name by the time that could happen.

got to give it to you though, you do try to keep the dream alive...

debtistheft

Fear the crash brother Chucky, for your fall will be the greatest.

"And I saw an angel come down from heaven, having the key of the bottomless pit and a great chain in his hand. And he laid hold on the dragon, that old serpent, which is the Chucky, and bound him a thousand years, And cast him into the bottomless pit, and shut him up, and set a seal upon him, that he should deceive the nations no more, till the thousand years should be fulfilled: and after that he must be loosed a little season . . . And the Chucky that deceived them was cast into the lake of fire and brimstone, where the beast and the false prophet are, and shall be tormented day and night for ever and ever."

Revelation 20:1-3, 10 KJV

chucky

debtistheft wrote: »

Fear the crash brother Chucky, for your fall will be the greatest.

"And I saw an angel come down from heaven, having the key of the bottomless pit and a great chain in his hand. And he laid hold on the dragon, that old serpent, which is the Chucky, and bound him a thousand years, And cast him into the bottomless pit, and shut him up, and set a seal upon him, that he should deceive the nations no more, till the thousand years should be fulfilled: and after that he must be loosed a little season . . . And the Chucky that deceived them was cast into the lake of fire and brimstone, where the beast and the false prophet are, and shall be tormented day and night for ever and ever."

Revelation 20:1-3, 10 KJV

nice comeback, i like it :T

ess0two

debtistheft wrote: »

Not long now and the house(s) of cards will come tumbling down. An economy built on debt is no economy at all.

"Now come and put a curse on these people, because they are too powerful for me. Perhaps then I will be able to defeat them and drive them out of the country. For I know that those you bless are blessed, and those you curse are cursed."

Yawn boring [EMAIL="tw@t"]!!!!!![/EMAIL] alert

mbga9pgf

Jimmy_31 wrote: »

All you people saving a house deposit "suck it up":rotfl:

You can only compare inflation against the asset price you intend to purchase. In this case, the FTB is winning as the 30% extra real price drop I predicted from last year finally looks as if its about to happen.

tough sh&t if you are a boomer driving a chelsea tractor.

Poshbird

MrPThomas wrote: »

Its obvious when rates rise there will be more distressed sellers. The question is how many, if there is a lot of foreclosures then this will have a big effect on house prices.

Not obviously many more distressed sellers if wages and jobs go up a lot at the same time interest rates go up.

Yes OK thinking about it, obviously there will be many more distressed sellers when IRs go back up