Debate House Prices


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Is property in a bubble?

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Comments

  • chucknorris
    chucknorris Posts: 10,793 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    padington wrote: »
    Carney just 'printed' 1.5 billion to lend to people that want mortgages. Price of mortgages just crashed to 2.39% for a TEN YEAR fix. House sales are still going through almost as fast as they were.

    What does that tell you ?

    What was the 10 year rate previously?
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    padington wrote: »
    Debt is moved nationally by devaluing currency or cutting costs and immigration is a key way you do that by importing wage deflation. So immigration is everything do with it.

    How is UK consumer debt going to be resolved by wage deflation? Post war economics has been based entirely on inflation. The political answer to not addressing the problem.

    There's a good book published a few years back. "How an Economy Grows and Why it Crashes" by Schiff and Schiff. A complex issue made startingly simple.
  • merlingrey
    merlingrey Posts: 398 Forumite
    chucknorris wrote: »
    No, that's not correct, I pay NI because it is not an option not to. That said though, I may start paying for private medical care, but that is because I have recently been fed up having to wait for ultrasound scans, physiotherapy sessions and MRI's on the NH.

    Well yeah but you said you pay car insurance, that's not optional either unless you like getting fined and banned from driving.
  • chucknorris
    chucknorris Posts: 10,793 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    merlingrey wrote: »
    Well yeah but you said you pay car insurance, that's not optional either unless you like getting fined and banned from driving.

    But you don't pay NI on your own accord if you are PAYE! It is deducted from your salary. Car insurance is entirely different, you choose who you insure with, and organise it yourself! So NI isn't something that I decide upon myself.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • Jack_Johnson_the_acorn
    Jack_Johnson_the_acorn Posts: 1,333 Forumite
    chucknorris wrote: »
    But you don't pay NI on your own accord if you are PAYE! It is deducted from your salary. Car insurance is entirely different, you choose who you insure with, and organise it yourself! So NI isn't something that I decide upon myself.

    This is painful Chuck... I bet you wish you hadn't responded now :shocked:
  • westernpromise
    westernpromise Posts: 4,833 Forumite
    chucknorris wrote: »
    What was the 10 year rate previously?

    Wasn't it 2.89%? I fixed at 3.89% but it's never been quite worth switching given the ERP.
  • padington
    padington Posts: 3,121 Forumite
    Thrugelmir wrote: »
    How is UK consumer debt going to be resolved by wage deflation? Post war economics has been based entirely on inflation. The political answer to not addressing the problem.

    There's a good book published a few years back. "How an Economy Grows and Why it Crashes" by Schiff and Schiff. A complex issue made startingly simple.

    Im not talking about consumer debt, I'm talking about national debt.
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • padington
    padington Posts: 3,121 Forumite
    Thrugelmir wrote: »
    How is UK consumer debt going to be resolved by wage deflation? Post war economics has been based entirely on inflation. The political answer to not addressing the problem.

    There's a good book published a few years back. "How an Economy Grows and Why it Crashes" by Schiff and Schiff. A complex issue made startingly simple.

    In that case just increase benefits, pay public sector workers more and let everyone go home an hour early, problem solved, not.
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    edited 7 July 2016 at 3:05PM
    padington wrote: »
    Im not talking about consumer debt, I'm talking about national debt.

    Debt is debt. Whatever form it takes. Debt is funded by the willingness of overseas investors to lend.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    padington wrote: »
    In that case just increase benefits, pay public sector workers more and let everyone go home an hour early, problem solved, not.

    Falling productivity levels are already posing a conundrum. While numbers in work increase.
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