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Debate House Prices
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House Price Gains 'strongest in 6 years'
Comments
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well, these decisions should be political as one would prefer to live in a democracy rather than that decided by a unaccountable quango
Rather than being for sound economic reasons?
I suppose that was Hester's problem too."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »Rather than being for sound economic reasons?
I suppose that was Hester's problem too.
Major decisions in a democracy should be made by accountable politicians and not unaccountable quangos.
'Sound economic reasons' need to be made by people : which people do you wish to make them?0 -
Major decisions in a democracy should be made by accountable politicians and not unaccountable quangos.
'Sound economic reasons' need to be made by people : which people do you wish to make them?
Accountable politicians - interesting concept.
Perhaps people not making them with a view to remaining in office."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »Accountable politicians - interesting concept.
Perhaps people not making them with a view to remaining in office.
which form of government do you favour?0 -
which form of government do you favour?
An honest and truthful one devoid of warped ideology (edit) greed and self interest.
Guess I will be waiting a long time"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
IveSeenTheLight wrote: »Graham, you might find these links useful
UK business confidence 'at six-year high'
UK manufacturing growth at two-year high
Why would I find them interesting?
The employment figures are what should be looked at, including all those hundreds of thousands extra on part time instead of full time.
I don't wish to measure employment by a confidence survey when I can measure it with real figures. Why you carry on with this "they can just work more and spend less" malarky is beyond me.0 -
Graham_Devon wrote: »They will just work more hours. Didn't you know?
They will also cut back on buying anything in order to pay the rent.
Don't ask me where this extra employment is going to come from as everyone is cutting back from buying everything in order to pay housing costs. Apparently it just happens, people get by...employers will increase employment right at the point their incomes decrease.
There hasn't been an answer to this annoying little question. The only answer given is that asking such a question means you worry to much and are muddling the situation beyond the comprehension of half the forum.
I assume from the sarcasm that you think people wouldn't be able to either increase income or reduce spending if their mortgage rate increased.
One alternative therefore is that mortgage rates increasing by 1% will lead to 10% of mortgage holders not being able to fully pay their mortgages.
The other alternative is that you're plain wrong in your assessment of how bleak things are for that 10% of mortgage holders and have underestimated how high a priority it is for most people to maintain their mortgage payments.0 -
Ashingtonian wrote: »Impending rate rises? Four years at 0.5% and counting. Would the BOE after talking to the government dare raise them again before the next election when it could tip many over the edge?
It's not the government's decision. They can advise but not command the Bank of England with regard to interest rate decisions. The plain fact is that people are overcommitting themselves in order to to keep up with the Jones's and once interest rates rise, as they surely will, the market will fall like a lead balloon. Inflation cannot simply be ignored once it rises to 5% or thereabouts - this is the critical level at which the Bank would need to intervene.0 -
Major decisions in a democracy should be made by accountable politicians and not unaccountable quangos.
'Sound economic reasons' need to be made by people : which people do you wish to make them?
Democracy is a scam. At the end of the day, politicians are only accountable to the string pullers who finance them. Public opinion is manufactured by the press and the media in general, as well as by the educational system. Only a minority of intelligent and clear sighted people really know what goes on behind the scenes. Most people are motivated by greed, so politicians create misguided policies simply in order to win votes - one classic example was Thatcher's decision to sell off council houses in order to create the 'loadsmoney' culture and millions of potential Tory voters. It worked brilliantly.0 -
I assume from the sarcasm that you think people wouldn't be able to either increase income or reduce spending if their mortgage rate increased.
One alternative therefore is that mortgage rates increasing by 1% will lead to 10% of mortgage holders not being able to fully pay their mortgages.
The other alternative is that you're plain wrong in your assessment of how bleak things are for that 10% of mortgage holders and have underestimated how high a priority it is for most people to maintain their mortgage payments.
If things are not all that bleak for these people - howcome just a 1% rise would see them unable to service their mortgage? These were, of course, Mervyn kings words, not mine.0
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