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Debate House Prices
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Savers 'lose' £43bn, Mortgagees 'gain' £51bn.
Comments
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Kennyboy66 wrote: »Great for people like me that interest rates are so low, but I'd be the last to complain that the BBC are highlighting the fact that savers are getting crucified at the moment.
Or merely not repaying their mortgages.
People do seem to be hoarding cash for "in case of scenarios".0 -
Unfortunately, when you stick all your money into one asset class like a cash savings account you only have yourself to blame for poor returns.
People should have lumped 1/2 their money into the FTSE when it dipped below 4000 points like me and be quids in.
Harsh.
People only have themselves to blame if they haven't won the Lotto jackpot, they should have picked the winning numbers.
Returns on the FTSE are not guaranteed, and therefore many people will be averse to the risk involved. Yes, when the market drops, it is a good time to invest, but it's not just being risk averse, it's also the availability of money at the time that will determine if someone will invest in shares.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Returns on the FTSE are not guaranteed, and therefore many people will be averse to the risk involved. Yes, when the market drops, it is a good time to invest, but it's not just being risk averse, it's also the availability of money at the time that will determine if someone will invest in shares.
True enough but nowhere near the biggest factor I'd guess.
That would be lethargy.
The vast majority of the population change their bank account less often than they change their partner. Researching and choosing a new investment would be so far down their list of "priorities" that it just simply never gets done.0 -
Graham_Devon wrote: »Why unlikely? Under £687 a month for a house valued at 150k should be easily achieveable.
Maybe it depends where you rent.
In my VI area, you could possibly just squeeze into a rental property values at £150k for less than £687pcm.
The majority of properties however would not:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Graham_Devon wrote: »
Looks like on the high level base of this, that the current level of interest rates are justifiable:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Graham_Devon wrote: »Discuss
I dont understand your manfiesto Devon.
You own a property through a shared ownership. You are effectively a home owner.
Yet you thirst for house price falls like a wrinkled dry cactus in the desert thirsts for the Autumn rains.
Why?0 -
ruggedtoast wrote: »I dont understand your manfiesto Devon.
You own a property through a shared ownership. You are effectively a home owner.
Yet you thirst for house price falls like a wrinkled dry cactus in the desert thirsts for the Autumn rains.
Why?
I guess, he thinks he may be able to afford a full one if house prices drop, if that is the case I am not sure he has thought that through.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
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I will not let this lie. I will bump this thread until I get a reply to this from Devon. He has skirted the issue before,.0
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Bump.
.........0
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