Britons agree property is overvalued.

Graham_Devon

So now the discussion has changed to "a major reason why they fell"? (Do you mean "a" major reason? Or "the" major reason? For clarity?)

We were talking about why they are staying where they are now a minute ago....now were talking about why they fell?

I can't keep up with the goalposts.

Really2

Graham_Devon wrote: »

So now the discussion has changed to "a major reason why they fell"?
I can't keep up with the goalposts.

mm seem to be the discussion on the last few pages and you missed out the rest of the sentence that says.

Really2 wrote: »

I am stuggling to find out where he says home owners are a major reason rates fell and where they are now.

Why bother making such a statement, did you stop reading at that point?

shortchanged_2

You're spot on Graham. According to Mervyn King he does make a statement to the effect that an interest rate rise would hurt homeowners (and businesses) desperately in need of cheap credit.

As much as Really2 and chucky try the old red herring trick and try and spin things they are trying their usual tactics of twisting words.

Don't bother arguing with them Graham they're in a flap.

And of course the BoE is considering homeowners regarding interest rates because the more people spend on their mortgages, the less money they have to spend elsewhere in the economy.

Really2

lol, He also says it would damage the economy first.

Now what are the BOE remits, Economic stability and target inflation.

So which one of those dictates where rates are?

Can't remember the bit in the BOE remit stating they have to look after house owners, perhaps they hide it.
It is kept hidden with the lizzard people who run the banks etc.

So a major reason why rates are where they are for home owners as the BOE look out for them (new rule never knew that one). Why would anyone not be doing anything they can to own seen as you get protection from the central bank?

You would have to bee the biggest fool in the UK if you thought the central bank looked after you but you would not buy a house.

I am and have been planing for rates to go back up as I do not believe the BOE actually are there to save me and all owners, but are there as a central bank and to cover their remit.

shortchanged_2

Really2 wrote: »

lol, He also says it would damage the economy first.

Now what are the BOE remits, Economic stability and target inflation.

So which one of those dictates where rates are?

Cant remember the bit in the BOE remit stating they have to look after house owners, perhaps they hide it.
It is kept hidden with the lizzard people.

Difficult concept to grasp this one Really2.

Homeowners are funnily enough a part of the economy!

Really2

shortchanged wrote: »

Difficult concept to grasp this one Really2.

Homeowners are funnily enough a part of the economy!

apparently it was me saying this that caused the argument.

Really2 wrote: »

An operating construction an housing market will be part of GDP and part of an operating economy.

But I find the idea of the base rate being a major part of the base rate decision is one of the most disingenuous comments since Shaggy said " It Wasn't me"

So you mean in the boom they victimize home owners?????

But thanks for agreeing with my point the reason rates are where they are are not artificially low it is because of the economy not for owners.

Major reasons for rate decision and changes = inflation & economy (just the two)
If home owners have benefited it is because of the changes for the whole economy not because the interest of owners are major reason (to change hold rates).
Thanks:beer:

I knew someone would see it correctly in the end

shortchanged_2

Your welcome.

Graham_Devon

shortchanged wrote: »

Don't bother arguing with them Graham they're in a flap.

Well I would argue, but I can't actually understand what's being said now. What with all the goalposts moving, language rewriting and, well, just can't understand some of the sentences now!

chucky

shortchanged wrote: »

You're spot on Graham. According to Mervyn King he does make a statement to the effect that an interest rate rise would hurt homeowners (and businesses) desperately in need of cheap credit.

As much as Really2 and chucky try the old red herring trick and try and spin things they are trying their usual tactics of twisting words.

Don't bother arguing with them Graham they're in a flap.

And of course the BoE is considering homeowners regarding interest rates because the more people spend on their mortgages, the less money they have to spend elsewhere in the economy.

haha you fool. you completely missed the point yet again.

the reason for base rates being reduced is one thing and them not being increased now is another.

the Devon bloke has confused himself massively by trying to link the two when the reason they were reduced was being discussed by Really and Blueboy.
you trying to defend him has made you look a bit more pathetic than you usually do. keep it up...

nearlynew

Here we go again...

The graham, chucky and really show.

Pedantry, deception, semantic arguments, b1tching - it's got the lot.

I'm going over to that other site sibley told me about.
It's much better there.