We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Nationwide Oct: +0.6%
Comments
-
Graham_Devon wrote: »Aye, there will be very little in the way of problems if interest rates moved back to say 3%. It's all rosy....ahhhhh.
There's no way that's happening until the economy sorts itself properly, which could be a fair few years yet.0 -
So, is the upshot of all this beastliness that there hasnt been a house price crash this month?0
-
Graham_Devon wrote: »Just get's better doesn't it. No one buying today will be effected by higher interest rates, or will struggle in the future.
No one will ever loose their job. They will never have a baby and face one person working and all the extra costs kids bring. They will never lose any income. They will never have any problems, and will always have an excess of money left over each and every month just waiting to pay for a large increase in mortgage costs.
Brilliant.
Change the record,this cr8p always gets trotted out,people adapt and change.Official MR B fan club,dont go............................0 -
Graham_Devon wrote: »Aye, and this was said about all those on IO mortgages.
Now just look at the stories emerging.
Oh I know. Stories all over the place.
Just like that big glut of stories on margin calls. Remember them?0 -
JonnyBravo wrote: »Oh I know. Stories all over the place.
Just like that big glut of stories on margin calls. Remember them?
Remeber those. Not them.
You ignoramus.0 -
-
There's no way that's happening until the economy sorts itself properly, which could be a fair few years yet.
Interest won't rise above 3% this decade, never mind in the next few years. It would be detrimental to noughties mortgage borrowers and house prices, so the BoE and politicians will seek to avoid it at all costs.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Graham_Devon wrote: »It doesnt matter what the disconnect is, unless you are positive that the mortgage rate won't go up when base rates do.
Infact, the disconnect could make things even worse in the future.
I'm pretty sure that if the base rate, say, quadruples, mortgage rates won't do the same.0 -
I'm pretty sure that if the base rate, say, quadruples, mortgage rates won't do the same.
Yes, I'd agree.
I'm pretty sure if rates quadruple, mortgage rates will go up, though.
I've never said, or inferred that if base rates hit 2%, mortgage rates would hit 8% (or so), so I really don't see your point...other than to remove context to get a thanks from the fanboys.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards