House market final props could soon collapse

ukcarper

FTBFun wrote: »

So 2 more logins, all thanking each other. This is getting a bit ridiculous now.

As you say the number of Sockies bears and bulls (or should I say bear and bull) are increasing at a ridiculous rate and it’s getting very boring now.

RenovationMan

mcc100 wrote: »

Yes, I agree ...... however the government will have no control over interest rates charged by banks (as opposed to the base rate of 0.5%) as the fallout from the Eurozone crisis becomes apparent.

Then they will find some other means to maintain the status quo. Perhaps a reinstatement of MIRAS for working families. That would go down well as it's a benefit connected with tax relief and aimed at workers.

paulmapp8306

Dan: wrote: »

Thank you. In 2008 when house prices were falling monthly, I shouted (on here) that 0% interest rates would solve it - my god, I was called all the names under the sun and was told that no measures, not even cutting interest rates to 0 could 'prevent' the pending correction.

4 years on and......

Its still correcting itself - just slowly.

Ultimately theres no way interest rates can stay so low indefinately, particularly with inflation rising as it is. Eventually it will have to rise as well, and houses will get cheaper still.

Darthvader

paulmapp8306 wrote: »

Its still correcting itself - just slowly.

Ultimately theres no way interest rates can stay so low indefinately, particularly with inflation rising as it is. Eventually it will have to rise as well, and houses will get cheaper still.

Exactly, but why do so many on here ignor this fact? Some still think low rates will be here for several years which if were true then the problems caused in our ecconomy keeping rates too low for too long would be bigger than anything faced in the current crisis.

RenovationMan

Samson_brings_props_down wrote: »

In years going forward our government will have to cut back on everything. Everyone talks about the cuts we have had so far as painful but wait until the real big cuts all around are forced on the UK!

Makes no odds to me, I don't receive anything from the government now that CB has been removed for higher rate tax payers, so there is nothing left to cut.

JonnyBravo

RenovationMan wrote: »

Makes no odds to me, I don't receive anything from the government now that CB has been removed for higher rate tax payers, so there is nothing left to cut.

Same here




Oh hang on, youngest becomes uneligible in July 2012, and it's cut in January 2013.

You have to laugh don't you.... ermm well, I have to laugh don't I?

:rotfl:

FTBFun

Travelman45 wrote: »

You are in the lucky minority most people on here get other funds one way or another, but for how much longer is anyones guess????????

Do they?

From past discussions around this I would suspect most people who post in this particular forum pay more in tax than receive in any kind of benefit or subsidy. It's pretty hard to quantify though.

Linton

FTBFun wrote: »

Do they?

From past discussions around this I would suspect most people who post in this particular forum pay more in tax than receive in any kind of benefit or subsidy. It's pretty hard to quantify though.

Really? How do they have the time to post all day?

JonnyBravo

Linton wrote: »

Really? How do they have the time to post all day?

There's only so many times each winter one has to re-roof one's rental houses you know.

StevieJ

JonnyBravo wrote: »

Same here




Oh hang on, youngest becomes uneligible in July 2012, and it's cut in January 2013.

You have to laugh don't you.... ermm well, I have to laugh don't I?

:rotfl:

Hey JB unusual to catch you out on one of those, you are normally such a pedant (sorry couldn't resist)