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

debtistheft

shortchanged wrote: »

You obviously have no grasp of basic economics then.

I'm appalled by the lack of economic sense on here usually displayed by the Bulls, I guess if you have a decade of gaining free money for sitting on your backside, they all think they are financial geniuses and so don't need to learn anything. Idiots.

Poshbird

debtistheft wrote: »

I'm appalled by the lack of economic sense on here usually displayed by the Bulls, I guess if you have a decade of gaining free money for sitting on your backside, they all think they are financial geniuses and so don't need to learn anything. Idiots.

Are you talking about those on benefits, or those who used their house as a cash machine and kept borrowing more as houses went from undervalued to overvalued?

Now house`s in the UK are on their way from overvalued to undervalued its going to take years.

Percy1983

ess0two wrote: »

You sound more and more like that devon bloke.

Well he does make sense most of the time, so I will take that as a compliment!.

debtistheft

Poshbird wrote: »

Are you talking about those on benefits, or those who used their house as a cash machine and kept borrowing more as houses went from undervalued to overvalued?

Now house`s in the UK are on their way from overvalued to undervalued its going to take years.

I'm referring to the idiot home owners who withdraw equity from their homes in order to pay for a celebrity-style lifestyle that they can't afford. Virtually all home owners have dont this yet they are all reluctant to admit it. They will be in debt until theit dying day. Idiots.

chucky

debtistheft wrote: »

Virtually all home owners have dont this yet they are all reluctant to admit it.

do you have anthing to back this up or is this another empty untrue soundbite that 'virtually all home owners have" MEWed?

buglawton

Real interest rates for anyone taking out a new mortgage are currently highter than the deals on offer pre 2007. Plus larger deposits and arrangement fees are now demanded. So what is meant by "when interest rates go back to normal ?"

debtistheft

chucky wrote: »

do you have anthing to back this up or is this another empty untrue soundbite that 'virtually all home owners have" MEWed?

They are reluctant to admit it, so figures aren't reliable. To borrow from "The Bulls Method of Providing Evidence", I can categorically state that every home owner that I know has MEWed so it follows that every home owner also has. QED.

debtistheft

buglawton wrote: »

Real interest rates for anyone taking out a new mortgage are currently highter than the deals on offer pre 2007. Plus larger deposits and arrangement fees are now demanded. So what is meant by "when interest rates go back to normal ?"

Normal is 15%, not the cheap credit fuelled rate levels seen when Labour came to power or the credit crunch fuelled levels seen since they were thrown out.

Once we get rates back to a decent 15% level, house prices will fall like ninepins. Home owners are going to ate houses and that's a good thing. Idiots.

chucky

debtistheft wrote: »

They are reluctant to admit it, so figures aren't reliable. To borrow from "The Bulls Method of Providing Evidence", I can categorically state that every home owner that I know has MEWed so it follows that every home owner also has. QED.

the backwards and forwards posts about the interpretation of the English language is pointless and will probably last 8 pages. it's not worth it and quite boring really..

the remortgage figures don't back up your claim that "virtually all home owners have" MEWed, a large number did but not as many as virtually everyone, not even close. QED

debtistheft

chucky wrote: »

the backwards and forwards posts about the interpretation of the English language is pointless and will probably last 8 pages. it's not worth it and quite boring really..

the remortgage figures don't back up your claim that "virtually all home owners have" MEWed, a large number did but not as many as virtually everyone, not even close. QED

The remortgage figures have been manipulated by 'them' to undermine 'us'.