100,000 could lose their homes if mortgages rise £20 a month

Sampong

The-Joker wrote: »

Its a good question. And what happens if their food bills go up more than that along with utilities and everything else at the same time wages are falling in real terms and unemplyment continues to go up.

All this at the same time as interest rates going back up and an end to cheap easy mortgages?

Lol, there can only be one result to that;

pain...........

The-Joker

Sampong wrote: »

Lol, there can only be one result to that;

pain...........

Well its loooking very likely. Its only pain for those greedy propbulls who thought property would be a safe haven in this perfect economic storm.

Turns out property will be going down like everything else, well except gold and silver obviously.

Niv

I am glad I book marked this thread for ‘later hilarity’, you delivered for me chucky, thanks.

RenovationMan

The-Joker wrote: »

Turns out property will be going down like everything else, well except gold and silver obviously.

Quite. Though it goes without saying, surely? :cool:

Oh, hold on though, let's have a look at Gold and Silver prices over the last 1 month and 6 months:

Gold - Down 3.08% over last 30 days. Down 7.74% over last 6 months.

Silver - Down 9.32% over last 30 days. Down 11.47% over last 6 months.

Jeeze, I can't imagine what a frenzy the property bears would be in if we saw drops like that in the property market! :eek:

The-Joker

RenovationMan wrote: »

Quite. Though it goes without saying, surely? :cool:

Oh, hold on though, let's have a look at Gold and Silver prices over the last 1 month and 6 months:

Gold - Down 3.08% over last 30 days. Down 7.74% over last 6 months.

Silver - Down 9.32% over last 30 days. Down 11.47% over last 6 months.

Jeeze, I can't imagine what a frenzy the property bears would be in if we saw drops like that in the property market! :eek:

Lovely big dips for us dip buyers

I was buying silver £5 per ounce in early 2009, and will continue to buy in every big dip.

chucknorris

The-Joker wrote: »

Well its loooking very likely. Its only pain for those greedy propbulls who thought property would be a safe haven in this perfect economic storm.

Turns out property will be going down like everything else, well except gold and silver obviously.

Property is a long term investment so what is important is the price when you sell rather than while you hold. But what is important right now is that it is extremely profitable, it is the most profitable it has been for me since I first invested 21 years ago.

I'll sell when the market suits me to, that might be anything from 10-20 years, it really doesn't matter when.

RenovationMan

The-Joker wrote: »

Lovely big dips for us dip buyers

The-Joker

chucknorris wrote: »

Property is a long term investment so what is important is the price when you sell rather than while you hold. But what is important right now is that it is extremely profitable, it is the most profitable it has been for me since I first invested 21 years ago.

I'll sell when the market suits me to, that might be anything from 10-20 years, it really doesn't matter when.

Monetary precious metal is a long term investment so what is important is the price when you sell rather than while you hold. But what is important right now is that it is extremely profitable, it is the most profitable it has been for me since I first invested 8 years ago.

I'll sell when the market suits me to, that might be anything from 10-20 years, it really doesn't matter when.

chucknorris

The-Joker wrote: »

Monetary precious metal is a long term investment so what is important is the price when you sell rather than while you hold. But what is important right now is that it is extremely profitable, it is the most profitable it has been for me since I first invested 8 years ago.

I'll sell when the market suits me to, that might be anything from 10-20 years, it really doesn't matter when.

But I didn't say anything about PM, whereas you did about property. I have absolutely no interest whatsoever in PM.

Although you attempted to copy and apply my post to your situation, I am afraid that you have not fully understood. I am realising real rental profits at the moment, whereas your PM will not produce a profit until you actually sell it.

robmatic

The-Joker wrote: »

Lovely big dips for us dip buyers

I was buying silver £5 per ounce in early 2009, and will continue to buy in every big dip.

What's your average price? Silver has taken an absolute spanking over the last year.

With the VAT effect and the difficulties selling it, it has surely proved to be an awful investment for some.