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Interest rates set to rise again!
Comments
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This is fantastic news I told you, I told you, I told you, This baby is going to go big time, Just remember what goes up never crashes.:cool:
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You maybe worried that rates are going to go up. But look on the bright side since interest rates have been at an all time low for the last 7 years you must have paid off a big chunk of your mortgage. You may have been prudent and put some away for a rain day.:cool:
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I cant find my log in details the system is telling me it cant find my email address?:cool:
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I must have missed that, cos if China and India are in a recession then they won't half do well when the "world economy" takes an upturn.What Eddie George meant was that when the world economy went into a decline .....
Did you mean American economy? The one where there is now a housing crisis following irresponsible levels of lending :rolleyes:A house isn't a home without a cat.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.0 -
i wonder if this thread will get dragged up in a years time with all the other HPC threads to say, hmmm STILL waiting.
I don't mind there being a "crash", if my place goes up 20% in a year but goes down 20% i have not lost or gained, no biggy.0 -
i wonder if this thread will get dragged up in a years time with all the other HPC threads to say, hmmm STILL waiting.
I don't mind there being a "crash", if my place goes up 20% in a year but goes down 20% i have not lost or gained, no biggy.
Just remember that if it doubles it only has to fall back 50%
Goes up by 50% it has to go down 33% etc.
Also rememeber if there is a 'crash' your property may have 'worth' but no value, as no-one would want to buy it.
This happened the last time round, house may be worth 40k but there is no point in selling it as no-one is interested. Infact EAs may refuse to market it.
Lets have the house price crash. As I keep saying, capitalism is based on boom/bust so lets have the bust so we can have boom again. Lets all start making money again, not borrowing it to spend.0 -
You maybe worried that rates are going to go up. But look on the bright side since interest rates have been at an all time low for the last 7 years you must have paid off a big chunk of your mortgage. You may have been prudent and put some away for a rain day.
No they havent taken advantage of the rates to 'lower' their debt they have, made their debts bigger for some weird reason by mewing
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I think that this really means that the BoE would be willing to cut interest rates at the expense of price stability. I think that instead of being a selling signal on houses it's a buy for inflation linked bonds.0
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With todays inflation number running at 2.8%,expect a rise next month and another later on.0
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