Interest rates to be slashed again.

Really2

geneer wrote: »

Nice.
Thanks for that Hamish.
Excellent news for bears who chose to dive in after the crash.

Is that the IR bit or the Free loaf of bread.

Sibley

Or the one that never or will never happen.

I've really fired the HPC gang up today. Haha.

Look on the comments section.

DervProf

Sibley wrote: »

It's not just the 600 quid saving.

If rates drop again that means it will take even longer to rise to say 5%.
I'm all behind these low rates. It's made my life great and I don't mind admitting it.

I don't mind being broke in Rangsit either. Any man with money in the bank in Thailand must be a failure with all the girls available here.

"If rates drop again that means it will take even longer to rise to say 5%." - Really ? Will it make that much difference ? Oh, well, if it makes you feel better.........

"I don't mind being broke in Rangsit either. Any man with money in the bank in Thailand must be a failure with all the girls available here." - I think that pretty well explains why the first quote seems so badly thought out. Not exactly much going upstairs today, eh Sibley ?

DervProf

Forest_12 wrote: »

£240k mortgages to be exact. Given that the average mortgage is just above £130k, I doubt that 0.25% would make much of a difference.

I know. I wonder how many people really do have mortgages >£200K ? Is it really "millions" ? I suspect it might be more than a million, but not much more. I'm sure the stats are out there, I'll have a look......

Joe_Bloggs

If the cover price of the Daily Express is just 10p then surely it is just a matter of time before it is given away or perhaps sold as a fly swatter or kindling.

The Beano remains a more credible Fleet Street publication at 99p.

J_B.

Pimperne1

Joe_Bloggs wrote: »

If the cover price of the Daily Express is just 10p then surely it is just a matter of time before it is given away or perhaps sold as a fly swatter or kindling.

The Beano remains a more credible Fleet Street publication at 99p.

J_B.

What gives you the impression the cover price is just 10p?

Pimperne1

Sibley wrote: »

Front page of the Express today.

I can't believe it. It's like christmas has come early. Wish I had more houses rented out.

I know the Housepricecrash guys like to post "Nothing to see here, move along" when this kind of headline appears but the fact that their thread has had nearly 5k views today kind of undermines that relaxed air. The Rightmove thread which reports a drop in asking price is much less visited over the same period.

Love it when they are forced to read your comments on the newspaper website after they thought they had censored you. :rotfl:

Thrugelmir

tod123 wrote: »

How long have they been low like this in Japan for? its like 10 years or something

The bubble formed was formed from 1986 to 1991,

When the Japanese gorged themselves on cheap credit thereby over inflating asset prices.

Sound familiar?

Gorgeous_George

It is only the Daily Express trying to sell newspapers again.

I think the base rate will be 0.5% still come 2015. It is a great time to have a mortgage but we all must make the best of the situation for our families.

For people hoping to buy, bide your time. There will be a house price crash (a proper one this time). When we enter a depression, benefits are slashed and immigrants return home there will be tens of thousands of empty homes crying out for a buyer.

GG

Pimperne1

Gorgeous_George wrote: »

It is only the Daily Express trying to sell newspapers again.

I think the base rate will be 0.5% still come 2015. It is a great time to have a mortgage but we all must make the best of the situation for our families.

For people hoping to buy, bide your time. There will be a house price crash (a proper one this time). When we enter a depression, benefits are slashed and immigrants return home there will be tens of thousands of empty homes crying out for a buyer.

GG

Unfortunately George that was the advice being doled out in 2004 and many people who took it have now been paying someone else's mortgage for seven years, are seven years less into paying their own mortgage, have missed some of the best interest deals ever available on mortgages and are receiving little in the way of interest on their savings.

As for your tens of thousands of empty homes crying out for a buyer, they already exist its just that the people who want homes don't want to live where the empty houses are (and unfortunately there aren't many long term empty homes in decent areas in London and the South East).