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

RenovationMan

wotsthat wrote: »

Yes he does think that.

Lots of the depressives (I'm using that instead of 'bear' as the whole Bull and Bear thing is now outmoded) do believe this it seems. Certainly they lack even the slightest grasp of economics, politics and very often plain good sense.

mcc100

RenovationMan wrote: »

Lots of the depressives (I'm using that instead of 'bear' as the whole Bull and Bear thing is now outmoded) do believe this it seems. Certainly they lack even the slightest grasp of economics, politics and very often plain good sense.

I think this also applies to some of the bulls ........

RenovationMan

mcc100 wrote: »

I think this also applies to some of the bulls ........

We're using the word 'optimists' instead of bulls. You're clearly a depressive and in the words of Sheryl Crow, "I wonder if mcc's ever had a day of fun in his whole life".

Cheer up misery, it's Christmas. :santa2:

nickj_2

can interest rates ever rise , we've had 1/2% for so long now , this has not lead to any substantial growth , if people are not having pay rises + the huge rise in the cost of living, can they afford an increase in interest rates .

Bigdeflationfirst

nickj wrote: »

can interest rates ever rise , we've had 1/2% for so long now , this has not lead to any substantial growth , if people are not having pay rises + the huge rise in the cost of living, can they afford an increase in interest rates .

Thats what many people are thinking and that is why they are not toow orried when they can only just afford their mortgage payments now before rates go back up.

RenovationMan

Bigdeflationfirst wrote: »

Thats what many people are thinking and that is why they are not toow orried when they can only just afford their mortgage payments now before rates go back up.

An yet they could afford their mortgage payments before rates went down. Strange.

Bigdeflationfirst

RenovationMan wrote: »

An yet they could afford their mortgage payments before rates went down. Strange.

Talking about many who have bought the last few years, who can only just afford repayments now.

RenovationMan

Bigdeflationfirst wrote: »

Talking about many who have bought the last few years, who can only just afford repayments now.

Are you talking about FTB or people who have moved house?

Bigdeflationfirst

I am talking about the fact that we will not see the real bottom of the housing crash until interest rates are back to normal, and there is a clear out of all the repossessions that are looming.

JonnyBravo

From signature -

Bigdeflationfirst wrote: »

Big deflation your debts are going up against everything else. I would not like to be a property owner with a big mortgage right now

I dont think there's much danger of that eh?
Best you concentrate on the 1oz of silver you buy each month instead.