Interest rates to hit 1.25% by year end

B_Blank

RenovationMan wrote: »

Actually, the person I was responding to believes that people will struggle, not me. I'm commenting on the fact that s/he cant wait for reposessions and misery for home owners, not about whether I think it will actually happen.

I'm finding that this part of the forum is becoming increasingly mean-spirited.

I dont really see this as mean spirited. Nobody wants to see people struggle, but repossesions and a fall in the housing market is necessary collatoral damage required to make this country 'fairer' for the young people who deserve a chance to own their own house (and have jobs for that matter).

I want interest rates up, I want repossesions and I want the house price fall that will come as a result. Too long have we protect the middle aged over-indebted people of this country in their lifestyles which are not sustainable anymore. If you didnt pay off your debts and went on holiday every year, and bought a new car and a new tv, bought your kids an xbox etc when you had a large mortgage because you thoguht the housing boom would go on forever then you deserve to go broke....

Get rates up...NOW....this artifical proping up of the housing market is wrong

B_Blank

Percy1983 wrote: »

As do the 'I'm unlucky I lost my job' brigade.

I and man born much later than me have to pay for more due to the year we where born, we are all told to get on with it.

Yet those who have lost jobs and haven't found another and have nothing in savings should be helped?

As I say despite my year of birth I will be buying well ahead of the average FTB age and going straight to a 3 bed semi, this maybe down to hardwork or luck, but I do believe you make your own luck to a point.

Right now I am winning so all it great, but not everybody can be a winner can they?

Damn right sir!

Good on you!

Funny this guy says you have to overcome this issue when he believes his little housing bubble should be protected because he is 'unlucky'.

I think anyone with half a brain can see that you are more unlucky being born into a bubble and into a country who seems hell bent on preserving the bubble at the expense of young people, than being someone stupid enough to buy a property when price to earning were at historic highs!

ILW

B_Blank wrote: »

Damn right sir!

Good on you!

Funny this guy says you have to overcome this issue when he believes his little housing bubble should be protected because he is 'unlucky'.

I think anyone with half a brain can see that you are more unlucky being born into a bubble and into a country who seems hell bent on preserving the bubble at the expense of young people, than being someone stupid enough to buy a property when price to earning were at historic highs!

If you had been born 60 or 70 years ago, hardly anybody bought their own houses, the vast majority rented. So stop whining.

ukcarper

B_Blank wrote: »

Damn right sir!

Good on you!

Funny this guy says you have to overcome this issue when he believes his little housing bubble should be protected because he is 'unlucky'.

I think anyone with half a brain can see that you are more unlucky being born into a bubble and into a country who seems hell bent on preserving the bubble at the expense of young people, than being someone stupid enough to buy a property when price to earning were at historic highs!

Not bothered about housing bubble have a paid for house, low interest rates cutting into my savings. But I don't wish to see people made homeless just to enable people to buy 3-bed semi as their first house. House prices can be bought down without mass forced sales. In fact in real terms they are coming down now and probably will continue to do so.

Percy1983

ukcarper wrote: »

Not bothered about housing bubble have a paid for house, low interest rates cutting into my savings. But I don't wish to see people made homeless just to enable people to buy 3-bed semi as their first house. House prices can be bought down without mass forced sales. In fact in real terms they are coming down now and probably will continue to do so.

I think you are missing my motivations here, I am going straight to a 3 bed semi if prices stay the same, not much can stop me and I don't need falls for it to happen, I am where i am due to hard work.

The reason I want rates up to normal may shake the market and a few will fall out, not sure if this will be enough to cause prices to drop or not, I don't want this to happen to lower prices but for another simple reason. I have worked very hard to get where I am (please don't go into the 'what is hardwork' debate again, yes I work in an office and get paid nicely for it). So why should I have to work so hard for something while those next door have been living the dream and over stretched themselves. If I have to work for something why should sombody else get it for nothing or for less?

ILW

Percy1983 wrote: »

I think you are missing my motivations here, I am going straight to a 3 bed semi if prices stay the same, not much can stop me and I don't need falls for it to happen, I am where i am due to hard work.

The reason I want rates up to normal may shake the market and a few will fall out, not sure if this will be enough to cause prices to drop or not, I don't want this to happen to lower prices but for another simple reason. I have worked very hard to get where I am (please don't go into the 'what is hardwork' debate again, yes I work in an office and get paid nicely for it). So why should I have to work so hard for something while those next door have been living the dream and over stretched themselves. If I have to work for something why should sombody else get it for nothing or for less?

Think it's called life.
Some are born luckier than others.

black_taxi_2

dont you mean base rate up 1.25%

most people are on rates above base rate

ukcarper

Percy1983 wrote: »

I think you are missing my motivations here, I am going straight to a 3 bed semi if prices stay the same, not much can stop me and I don't need falls for it to happen, I am where i am due to hard work.

The reason I want rates up to normal may shake the market and a few will fall out, not sure if this will be enough to cause prices to drop or not, I don't want this to happen to lower prices but for another simple reason. I have worked very hard to get where I am (please don't go into the 'what is hardwork' debate again, yes I work in an office and get paid nicely for it). So why should I have to work so hard for something while those next door have been living the dream and over stretched themselves. If I have to work for something why should sombody else get it for nothing or for less?

As ILW says some are luckier that others. Some kids are born to some uncaring mother with a drunk father in a sink housing estate, some are born to rich middle class parents who send them to good private schools and the others somewhere in between. That probably has a bigger effect on your life that what house prices are.

Percy1983

ILW wrote: »

Think it's called life.
Some are born luckier than others.

Exactly!

So those who have lost jobs or/and have overstretched themselves are unlucky and that is life, if things return to normal and they can no longer afford there home, thats life. Unlucky, get on with it.

Likewise if that causes fall and helps me on my way, thats life. Lucky bonus get on with it.

My point is the older generations have had some luck, so its the younger generations turn to have some... thats life.

ILW

Percy1983 wrote: »

Exactly!

So those who have lost jobs or/and have overstretched themselves are unlucky and that is life, if things return to normal and they can no longer afford there home, thats life. Unlucky, get on with it.

Likewise if that causes fall and helps me on my way, thats life. Lucky bonus get on with it.

My point is the older generations have had some luck, so its the younger generations turn to have some... thats life.

Depends what generation you are talking about, go back to those born 60-70 years ago and very few got to buy their own houses.