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Debate House Prices
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UK contraction worse than thought
Comments
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RenovationMan wrote: »So, in a nutshell, your saying that you hope interest rates go up in order to punish this group of people who you feel are over indebted?
Surely one would hope, that if interest rates go up, this 'group of people' would have had the common sense to factor higher interest rates into their personal or business plan, and would largely take such higher rates in their stride? :think:There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
RenovationMan wrote: »Spend money and pass the problem onto the next generation. It's the Socialist way.
Tory way too it seems with their 'plan'.
I wonder what it says on the paper Cameron has in his hand in Parliament...
Blame labour blame labour blame labour blame labour, screw the poorly paid and NHS, blame labour blame labour
and lastly, again, blame labour for everything under the sun :rotfl:Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
RenovationMan wrote: »So, in a nutshell, your saying that you hope interest rates go up in order to punish this group of people who you feel are over indebted?
<sigh> No, did you not read the post ?!? I want the issues I mentioned in the post, IF that means these people go down BECAUSE of the much bigger issues then so be it.
How naive are you ? Do you really think that the sole reason I have the opinions I have is so I can say 'I told you so' to some anonymous person on the internet. Get real, I've had the same opinions all the way through, when I was mortgaged, when I rented for a bit and now, when I own outright, and everyone who's been around here for last 2-3 years would testify to that.
My opinions and beliefs haven't changed one bit, and I've been through every single aspect of the housing market.Have owned outright since Sept 2009, however I'm of the firm belief that high prices are a cancer on society, they have sucked money out of the economy, handing it to banks who've squandered it.0 -
Bookies William Hill said the odds of a double-dip recession were now EVENS given the looming cuts - and the squeeze on families. :eek:0
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setmefree2 wrote: »Bookies William Hill said the odds of a double-dip recession were now EVENS given the looming cuts - and the squeeze on families. :eek:
It was obvious, I'd been saying for the last 2 years that the recovery was temporary, supported by Labour's idea that the way you get out of a debt hole is by taking on more debt, just at a cheaper rate.
The economy was bound to reverse, either when Labour run out money or when the Tories tried to dig us out. Labour lost the election, so it's the latter.Have owned outright since Sept 2009, however I'm of the firm belief that high prices are a cancer on society, they have sucked money out of the economy, handing it to banks who've squandered it.0 -
And yet the rest of the developed world is spending their way out of the whole quite successfully.0
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