Interest Rates could hit 6% very soon!

Unknown1234_2

before_hollywood wrote: »

ea's wonder why no-one is buying

They shouldnt be as alot of people who can still are buying.

free4440273

...sorry if i digress. also, apologies in advance if that is considered insulting and not a compliment (it IS meant to be a compliment). ok, i'll get back to reading my Financial Times now...

sortofok

Regarding your avatar Melissa -

Inflation like that is bound to increase interest rates.

Romani_Ite_Domum

thesaint wrote: »

I did not say to move the 'Property price' section, just to add a sub board for like minded folk to congregate and analyze [STRIKE]tea leaves[/STRIKE] data.
My glass is half full, and look at it as an addition to these boards.

I don't see lots of media regarding the "crashing" housing market, but if either Melissa Porter , Sarah Beeny or Amanda Lamb (in preferred order), presented a programe about it, it would be no bad thing.

Saint, my glass is half full, also.

There is a division on the forum where some people think that the current boom has been a good thing. There are others that do not.
The good thing about this forum is that we get to air both views.

I would like to see that programme aired as well

lynzpower

Guy_Montag wrote: »

Rumour has it that HPI will get a shot in the arm from a re-introduction of MIRAS for FTBers at least for the first five years. This is going to be Gordon's coronation gift to the unwashed masses.

You heard it hear first!!

no I read it on HPC first |

sortofok

lynzpower wrote: »

no I read it on HPC first |

Careful lynz.

don't let that "other site" drag you down



p.s. spoken to baldrick today?

mystic_trev

lynzpower wrote: »

no I read it on HPC first |

You should try https://www.globalhousepricecrash.com for a more reasoned arguement. The problem with HPC is its got more than its fair share of nutters, and as for that guy Realistbear, he's a right dingbat!

prudryden

sortofok wrote: »

Inflation like that is bound to increase interest rates.

Good one! Woody Allen could have said that.

patrick0

I've got a mortgage in New Zealand where the base rate is 7.75% there and house prices continue to rise there. I'm sure the UK market can cope with a few more rises without crashing. I'm in the middle of buying a flat here, fortunately got a 2 year fixed 4.99% - just hope the purchase goes through.

Generali

patrick0 wrote: »

I've got a mortgage in New Zealand where the base rate is 7.75% there and house prices continue to rise there. I'm sure the UK market can cope with a few more rises without crashing. I'm in the middle of buying a flat here, fortunately got a 2 year fixed 4.99% - just hope the purchase goes through.

Isn't the difference between the NZ market and the UK one that BTL losses can be offset against income tax so you don't feel them nearly as keenly.

Anyway, the NZ market is completely !!!!ed long term. Who are the baby boomers going to sell to? All the 30-40 year olds with any get up and go, got up and went and are working in London and Sydney!