Ongoing Interest Rate rise speculation (latest)

Glen_Clark

Pincher wrote: »

All I see is good news.

Thats because you don't need to buy a house and are ignoring the Current Account Deficit :eek:

Pincher

Glen_Clark wrote: »

Thats because you don't need to buy a house and are ignoring the Current Account Deficit :eek:

Surely if I needed to buy a house, I would want interest rate to be low.

I suppose if interest rate went to 10%, which allows me to save a deposit quicker, and force existing mortgage holders into repossession, that will help. I would then need the interest rate to fall as soon as I buy, naturally.

Glen_Clark

Pincher wrote: »

Surely if I needed to buy a house, I would want interest rate to be low.

You would want the price to be affordable!!!
Which it won't be as long as Osborne is throwing taxpayers money at a housing market stoking up demand whilst the supply is severely restricted by planning constraints.
Putting planning decisions in the hands of Local Politicians is a recipe for corruption and Nimbyism.
This is not 'Free Market' or 'Capitalism'. More like Socialism for Landlords and Estate Agents.
There can never be a genuine recovery whilst half a young professionals salary is going on rent, and people cannot afford to move or even commute to where the jobs are.