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

wotsthat

Flight2quality wrote: »

All been to busy changing our fiat currency into real money gold and silver bullion in this lovely big price suppression

I keep hearing about a double dip. At first I thought people were talking about recession - turns out they were talking about silver in May and September.

Great news for you though.

There does seem to be a direct link between the success of the suppression and the number of sockies on this board. I'm going to have to search the gospel according to youtube to find the true meaning.

cotleigh

Flight2quality wrote: »

London is still propped up by the 2012 Games, after that next year demand will go down. The average house price for the UK will continue falling for years yet we are in a bear market.

How is the property market in any way "propped up" by a two week sporting event next summer?

I don't get this at all ..... people do not make long term decisions on buying a home on the basis that there will be a few hundred people running round an athletics track for 10 days next summer somewhere nearby.

cotleigh

Two or three more years of very low rates and we will have de-geared massively on our loans. It's great!

Flight2quality

cotleigh wrote: »

How is the property market in any way "propped up" by a two week sporting event next summer?

I don't get this at all ..... people do not make long term decisions on buying a home on the basis that there will be a few hundred people running round an athletics track for 10 days next summer somewhere nearby.

You would be suprised then. It seems some did go and buy in certain areas just because of this 2 week sporting event as you say. They will all try and sell soon after but will find the market flooded.

tartanterra

Graham_Devon wrote: »

The ignorance in your arguments is starting to bore.

julieq wrote: »

I think you have to be very careful calling someone ignorant when you've only a very shaky understanding of basics and very poor analytical skills. Just a thought.

Ooooffff!

I take my hat off to you, young lady.
Subtle, yet succinct and entertaining.

Best put down I've seen this year!:)

Flight2quality

cotleigh wrote: »

Two or three more years of very low rates and we will have de-geared massively on our loans. It's great!

2 or 3 more yrs of low interest rates and the speculators will make the global crisis a lot worse.

The bubble in fiat currency is getting far bigger than the tulip bubble ever was

Graham_Devon

julieq wrote: »

Yes you can have all three.

Divide them up and you can see why. You have a group with low net debts who are renting. You have a group of people moving from renting to ownership. And you have a group who already own and have highish net debt.

Righty-o.

So renters don't have debts. OK.

The renters moving to ownership don't see rental increases eating into their wages and therefore their ability to save a deposit. OK.

And the only people with debts are those with mortgages. Again. OK.

That's put me in my place!

Flight2quality

Graham_Devon wrote: »

So renters don't have debts. OK.

This is a good point, lots of talk about big deflation. Then all debts are going up compared to everything else, mortgages will be soaring renters will be happy

pwllbwdr

Samson_brings_props_down wrote: »

Even though base rate is 0.5% most people are paying several times that. If base rates go back to normal 7% then several times that will be huge!!!!!!!!!!

What a spectaclarly daft thing to say. Oh yes, base rates are 0.5% and a good low fixed rate is 3.5%. 7 times as much OMG!!eleventy. So if base rates go to 7% do you really think the fixes will be 49%?

wotsthat

pwllbwdr wrote: »

What a spectaclarly daft thing to say. Oh yes, base rates are 0.5% and a good low fixed rate is 3.5%. 7 times as much OMG!!eleventy. So if base rates go to 7% do you really think the fixes will be 49%?

Yes he does think that.