Three-quarters of homebuyers fear interest rate hike that could 'push them over the e

wymondham

llubdlog wrote: »

But why was there not carnage for all those years that rates were 7% and more?

Well for one thing, I was paying a mortgage on £36k back then rather than £150k+ as it would be now ..... House prices have gone up silly amounts since the last spate of high interest rates.

ukcarper

I think there is a big difference between people saying they would have to cut back on regular spending or cut down on savings and people not being able to pay mortgage and what some people now call basics are not when compared to keeping a roof over your head.

wotsthat

llubdlog wrote: »

The masses of people who will default on their mortgages when interest rates are back around 7% will still be smoking and drinking. Even as they are being forced to move as the bank auctions their house.

It's going to be a long long time until we find out if you are correct.

Percy1983

ukcarper wrote: »

Should that headline read 75% of mortgage holders would not be able to live in the manner they have become accustomed to if rates rise. God forbid they would have to cancel SKY.

Funny thing is if you go over to the debt free wannabe section you will see much evidence that many would rather default on there mortgage than get rid of sky/smoking/iphones/fast cars etc.

wotsthat

llubdlog wrote: »

If interest rates stay this low for a long time like Japan tried then the crash is going to be far worse than anyone expects.

The crash of what? House prices? GDP? Stock markets? Gold? The world as we know it?

HAMISH_MCTAVISH

goldbull wrote: »

They will not have a choice when interest rates are back up..

Now why would a goldbull possibly be trying to spread misleading propaganda about interest rates..... Hmmmm, I wonder?

BY the way, you do realise what will happen to the price of gold once rates rise, don't you? :rotfl:

robmatic

HAMISH_MCTAVISH wrote: »

Now why would a goldbull possibly be trying to spread misleading propaganda about interest rates..... Hmmmm, I wonder?

BY the way, you do realise what will happen to the price of gold once rates rise, don't you? :rotfl:

It only ever goes up, silly.

Percy1983

llubdlog wrote: »

They will not have a choice when interest rates are back up.

They will have a choice, cutback or bury there heads in the sand, many will bury there heads in the ground until the poo hits the fan.

geneer

wotsthat wrote: »

I've missed the OP today.

Of course you did. Part and parcel with the grazy eyed obsession thing you guys have going.

wotsthat wrote: »

I think he's had to have stitches in his a**e where julieq caned him yesterday.

Too right. The way she ghosted away from the discussion just as it was getting interesting certainly taught me a lesson.

TedButler

HAMISH_MCTAVISH wrote: »

Now why would a goldbull possibly be trying to spread misleading propaganda about interest rates..... Hmmmm, I wonder?

BY the way, you do realise what will happen to the price of gold once rates rise, don't you? :rotfl:

So on the one hand you are saying interest rates will not go up for years yet, and on the other you are saying they will soon and this will make your prediction true that gold and silver were going to crash 100% guaranteed?

By the way gold and silver are going to keep going up until the end of this bull run. Interest rates have nothing to do with it.