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Debate House Prices


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Mervyn King warns mortgage rates are likely to soar and tells banks to slash bonuses

13

Comments

  • Jack_Johnson_the_acorn
    Jack_Johnson_the_acorn Posts: 1,333 Forumite
    A cheaper house price will always be a cheaper house price.......

    C'mon Geneer, do keep up at the back. Do you have any more words of wisdom?

    :D
  • Sibley
    Sibley Posts: 1,557 Forumite
    Ninth Anniversary Combo Breaker
    Mortgage rates will be under 1% for at least 3 more years.
    I doubt we will ever see 5% again.
    We love Sarah O Grady
  • abaxas
    abaxas Posts: 4,141 Forumite
    Sibley wrote: »
    Mortgage rates will be under 1% for at least 3 more years.
    I doubt we will ever see 5% again.

    Not seeing too many mortgage rates under 1%. Can I borrow your glasses of mental illness?
  • Aberdeenangarse
    Aberdeenangarse Posts: 1,262 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Sibley wrote: »
    Mortgage rates will be under 1% for at least 3 more years.
    I doubt we will ever see 5% again.

    Priceless!
  • heathcote123
    heathcote123 Posts: 1,133 Forumite
    edited 6 December 2011 at 1:17PM
    geneer wrote: »
    :) Better than the bulls it seems.

    geneer.png


    .
  • Peelerfart
    Peelerfart Posts: 2,177 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    heathcote123 wrote: »
    I'd say you wholly eviscerated his logical fallacy with your deductive reasoning there my lettered acquaintance.

    Boom headshot those STR filth.


    yeah wot e sed innit
    Space available for rent
  • geneer
    geneer Posts: 4,220 Forumite
    edited 6 December 2011 at 2:03PM
    Jack_Johnson_the_acorn wrote: »
    A cheaper house price will always be a cheaper house price.......

    C'mon Geneer, do keep up at the back. Do you have any more words of wisdom?

    :D


    Well JJ, "affordability" is a spurious measure.
    It operates on only a short term basis, and becomes completely
    unviable when interest rates rise.

    Its a very silly boy indeed who would make reference to "affordability" in the wake of the bubble fueled by just such bogus assesments.

    Whereas, rather obviously I must say, buying a house at fair value better ensures that you can "afford" mortgage payments in the long term.

    Simple. Thanks for asking though.
  • geneer
    geneer Posts: 4,220 Forumite
    heathcote123 wrote: »
    geneer.png


    .

    Thats a nice picture dear. Would you like a cup of tea now?
  • heathcote123
    heathcote123 Posts: 1,133 Forumite
    geneer wrote: »
    Thats a nice picture dear. Would you like a cup of tea now?

    Zinger. Ka-pow,

    Busted.
  • Jack_Johnson_the_acorn
    Jack_Johnson_the_acorn Posts: 1,333 Forumite
    geneer wrote: »
    Well JJ, "affordability" is a spurious measure.
    It operates on only a short term basis, and becomes completely
    unviable when interest rates rise.

    Its a very silly boy indeed who would make reference to "affordability" in the wake of the bubble fueled by just such bogus assesments.

    Whereas, rather obviously I must say, buying a house at fair value better ensures that you can "afford" mortgage payments in the long term.
    Not if interest rates soar though Geneer......

    Simple. Thanks for asking though.

    Simples :rotfl::rotfl:
This discussion has been closed.
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