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Debate House Prices


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Raise rate to get things moving again?

124

Comments

  • ILW
    ILW Posts: 18,333 Forumite
    ess0two wrote: »
    Its often raised in here as a valid reason for helping the indebted and pushing savers into poverty.

    From memory, BoE rate tended to be around the inflation figure most of the time.

    Low rates are fine as long as inflation is not being allowed to take off.

    It remains to be seen of the BoEs forecast that it will fall to below 2% over the next few months will come true.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    RenovationMan wrote: »
    You're over analysing it and I suspect trying to push a houseprice VI?

    Do you basically think that the UK economy will benefit (i.e. grow) because we have increased BoE interest rates? If so, why?

    More likely a big big BB savings balance VI :)
    '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 Thatcher
  • suburbanwifey
    suburbanwifey Posts: 1,642 Forumite
    Dan: wrote: »
    but if rates go up so will my mortgage. I prefer to have a 'next to nothing' mortgage every month then the price of bread going up a few pence.

    I agree, you can choose if you buy bread or not, you cannot choose to not pay your mortgage. High prices in the shops means we can not buy, you can't not pay your mortgage. Raising rates would be suicide for this country.
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    suburbanwifey wrote: »
    I agree, you can choose if you buy bread or not, you cannot choose to not pay your mortgage. High prices in the shops means we can not buy, you can't not pay your mortgage. Raising rates would be suicide for this country.

    And plus, with my mortgage so cheap, I can afford a 3 week holiday in Barbados this year instead of the usual 2.
  • ILW
    ILW Posts: 18,333 Forumite
    StevieJ wrote: »
    More likely a big big BB savings balance VI :)

    As I said, it all depends wheter you are in debt or not. Suppose everyone is some sort of VI.
  • suburbanwifey
    suburbanwifey Posts: 1,642 Forumite
    Dan: wrote: »
    And plus, with my mortgage so cheap, I can afford a 3 week holiday in Barbados this year instead of the usual 2.

    I prefer rural Scotland myself, too much sun is bad for you :p
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    suburbanwifey wrote: »
    I prefer rural Scotland myself, too much sun is bad for you :p

    I'll be okay, I be spending my days inside the bars.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    ILW wrote: »
    As I said, it all depends wheter you are in debt or not. Suppose everyone is some sort of VI.

    I thought so :)
    '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 Thatcher
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    suburbanwifey wrote: »
    I prefer rural Scotland myself, too much sun is bad for you :p

    I believe too little is as well :p
    '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 Thatcher
  • suburbanwifey
    suburbanwifey Posts: 1,642 Forumite
    StevieJ wrote: »
    I believe too little is as well :p

    You're right! I take Vitamin D tablets to combat that hehe. I'm used to no sun by now, sun in Scotland is on a Tuesday, once a year I think LOL
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