Halifax April 2014 - 0.2% MoM + 8.5% YoY

MrRee_2

chucky wrote: »

You just couldn't make it up...

Graham obviously doesn't get how it works...

That's because he is heavily involved in 'Devonomics' :rotfl:

Bantex_2

MrRee wrote: »

There is no way on earth that Interest Rates will ever get above 2% Base within 20 years.

As stated above, there is a generation who think that 0.5% IR's is normal .... and maybe it IS now!

I have seen 15% IR's and the suffering involved in that ... the fact is that money is, and will be for decades, extremely cheap.

I rest my case for a little "reminder".

ruggedtoast

Generali wrote: »

Within 12 months is my guess. It'll be a slow and erratic process I suspect.

I pretty much need interest rates to stay where they are so I will plan that thats what will happen.

MrRee_2

From a selfish point of view I would love 15% IR's ... I would sell all my properties (if I could at that point!) and sit on cash. I would do very nicely indeed without lifting a finger.

From the point of view of those who have just bought, indeed I have just helped my offspring to buy, it could be painful (obviously, I wouldn't allow it to hurt too much without removing the debt completely) .... but for others without a safety net it would be a disaster.

And that's why it will never happen - too many hopes, homes and futures tied to very low IR's.

observingthedebate

MrRee wrote: »

From a selfish point of view I would love 15% IR's ... I would sell all my properties (if I could at that point!) and sit on cash. I would do very nicely indeed without lifting a finger.

From the point of view of those who have just bought, indeed I have just helped my offspring to buy, it could be painful (obviously, I wouldn't allow it to hurt too much without removing the debt completely) .... but for others without a safety net it would be a disaster.

And that's why it will never happen - too many hopes, homes and futures tied to very low IR's.

With 15% IR I wouldn't expect cash would be a good strategy, inflation would be running wild at that point too.

Graham_Devon

MrRee wrote: »

That's because he is heavily involved in 'Devonomics' :rotfl:

Maybe you or chucky could explain what it all really means then?

The average house as measured by Halifax has fallen in value around £800 in the month. Or £26 a day on average as I believe you are fond of such numbers.

Now, I understand that to be a fall in values over the month. Maybe you could explain where I went wrong.

Otherwise. Good.

theEnd

With the money they've printed, inflation will run wild at some stage.

IRs will be high again. It won't be their choice.

wotsthat

Graham_Devon wrote: »

Maybe you or chucky could explain what it all really means then?

The average house as measured by Halifax has fallen in value around £800 in the month. Or £26 a day on average as I believe you are fond of such numbers.

Now, I understand that to be a fall in values over the month. Maybe you could explain where I went wrong.

Otherwise. Good.

Couple of fatties in our office who get irrationally excited about losing a pound at the weekly weight watchers meeting. I explain that the weekly weigh-in is just noise and as their trend is still towards increasing weight they'll likely be even fatter this time next year.

OK I didn't really say it out loud but if they could read my thoughts that's what they see.

If they took a single weekly loss and divided by 7 to demonstrate how much weight they'd lost each day I'd definitely mutter something under my breath.

EDIT: The monthly loss you're celebrating is only £348.

Conrad

Graham_Devon wrote: »

Now, I understand that to be a fall in values over the month. Maybe you could explain where I went wrong.

Common sense bypass?


Lets see where we are in 3 months (sounds familiar).


Round here people are paying whatever it takes. I said to you ages ago the London ripple would become a reality and you haughtily scoffed. I have clients across the nation saying prices are rocketing.

Graham_Devon

wotsthat wrote: »

Couple of fatties in our office who get irrationally excited about losing a pound at the weekly weight watchers meeting. I explain that the weekly weigh-in is just noise and as their trend is still towards increasing weight they'll likely be even fatter this time next year.

OK I didn't really say it out loud but if they could read my thoughts that's what they see.

If they took a single weekly loss and divided by 7 to demonstrate how much weight they'd lost each day I'd definitely mutter something under my breath.

What's this got to do with me not [apparently] understanding how it works?

Seems I'm told I don't understand how it works. When I therefore explain how it works you get the above suggesting you are "muttering something under your breath".

Appears the sole issue here is having a pop.....almost pointlessly.