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Interest Rates could hit 6% very soon!
Comments
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King_Of_Fools wrote: »It was reported that if interest rates hit 7.5% then that would equal the ratio of mortgage to wages that was reached during the last crash when interest rates hit 15%.
So rates of 6% this time would be equivalent to rates of 12% in the last crash.
...thank you: this brings some much needed sensible comment(s) to this debate. you've hit the nail on the head here and articulated it well. i think this is what many have been attempting to say here. we don't need 12-15 per cent rates for this to go belly-up. rates, life everything else, are relative...
BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!
THE KILLERS :cool:
THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:0 -
meanmachine wrote: »*sigh*
No, the CML figures refer to SINGLE incomes.
I literally give up.
Okay, you're right, I'm wrong! I'm quite happy on the property ladder, and so are my friends, thank you!Errors of opinion may be tolerated where reason is left free to combat it. - Jefferson0 -
Melissa relax..
Dont take everything personally..
Meanmachine has good points as always...
Got anymore pics by the way?0 -
I'm hot and bothered (it's 85F outside) and have a short fuse.
Pics of what, Mr B?Errors of opinion may be tolerated where reason is left free to combat it. - Jefferson0 -
you ... you got a bikini on?0
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Me? Oh don't wear clothes on the whole, not when at the computer anyway :rolleyes:Errors of opinion may be tolerated where reason is left free to combat it. - Jefferson0
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I know...sortof told me....0
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Are you two the same person?Errors of opinion may be tolerated where reason is left free to combat it. - Jefferson0
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No i swear on the holy bible we are not....0
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" Although the Bank of England's main interest rate is now at a six-year high, at 5.5 per cent, interest rates today are a far cry from the 15 per cent peak in 1990.
But the difference now is the far larger amount of debt. In 1990, household debt as a proportion of post-tax household income was 90 per cent; last year it was 144 per cent.
Lower interest rates have made borrowing cheap but low inflation and high house prices mean that debts will not shrink quickly"
http://www.ft.com/cms/s/e782f9a8-0d80-11dc-937a-000b5df10621.html0
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