Interest Rates going back up to normal levels again?

triathlon

Thrugelmir wrote: »

Then fortunately you sit the right side of the financial divide, which is widening. Easy to apply ones circumstances or views to a wider audience. Without actually knowing the entire story.

Hey hold on a minute, these poor victims you talk about made a choice to play the housing market hoping people who just wanted to home their families would burn.

As I type I am reading a thread yet again stated by bitter evil HPC's on Mumsnet again trying to cause dis harmony and families to lose their rented homes, all so they can pick over the bones later.

All you Guys brag about "I could have bought my own place if I wanted", well it would have been nearly paid off now if not already, you made your bed and so did the rest of you, you deserve the life you have now because you choose it.

PS I found the real meaning of the word Troll on HPC recently, it means a person who thinks houses are good investments and places of joy for their families.

Koldweather1

triathlon wrote: »

As I type I am reading a thread yet again stated by bitter evil HPC's on Mumsnet again trying to cause dis harmony and families to lose their rented homes, all so they can pick over the bones later.

It is pretty depressing to read. The sad thing for the long lasting members is they cannot now 'win'. I think most on there view it in that way, they can beat the system and be better off for it...except they haven't and some of them really are utterly bitter and twisted about their failures.

Here is an example, this is about an 87 year old gran:

"I'll take it on. I can make it really simple for her. I'll just go round there and shout "You're a f**king greedy tax-evading old bag and you're going down b*tch."

How bitter are these people?

In terms of interest rates, I see them steadily going up towards 3-4% over the next 4-5 years IF everything remains on an even keel. It will feel far higher for most who have either gotten used to 1-3% rates or that is all they have ever known BUT I suspect house price inflation will now be broadly pegged close to wage inflation (unless the govt think of another scheme to push prices up!) and thus with some forms of cut backs most will probably be fine to handle it.

Those expecting 15-20% interest rates are living in lala land, in the entire of history rates only briefly went that high twice and both times was in the 70s-90s time period. The world is far more inter-reliant back then and also moderate in terms of growth.

triathlon

Koldweather1 wrote: »

It is pretty depressing to read. The sad thing for the long lasting members is they cannot now 'win'. I think most on there view it in that way, they can beat the system and be better off for it...except they haven't and some of them really are utterly bitter and twisted about their failures.

Here is an example, this is about an 87 year old gran:

"I'll take it on. I can make it really simple for her. I'll just go round there and shout "You're a f**king greedy tax-evading old bag and you're going down b*tch."

How bitter are these people?

In terms of interest rates, I see them steadily going up towards 3-4% over the next 4-5 years IF everything remains on an even keel. It will feel far higher for most who have either gotten used to 1-3% rates or that is all they have ever known BUT I suspect house price inflation will now be broadly pegged close to wage inflation (unless the govt think of another scheme to push prices up!) and thus with some forms of cut backs most will probably be fine to handle it.

Those expecting 15-20% interest rates are living in lala land, in the entire of history rates only briefly went that high twice and both times was in the 70s-90s time period. The world is far more inter-reliant back then and also moderate in terms of growth.

Venger and that BearMcbeer and a few of that particular group I find disturbing, along with them and a little band of their evil hate filled friends I am not sure how far they would go given the chance.
Most of them are just misguided fools though who looked for help in the wrong place. Many of them remind me of money card games I once played, it all starts out as fun until the stakes get bigger and they have lost money. That's when you seem them turn, and they will do anything to get that money back, it's all or nothing, people losing houses in card games after witnessing that is un surprising to me now, they become un balanced

I see 4% max in the next 5 years, but that's an over estimate,

Crashy_Time

Oh Dear! Six or so people posting to an audience of....well about six people, about strangers on the internet...even in 1996 they couldn`t have imagined it would come to this level of tragedy..:rotfl: Back then they thought we would all be sitting in self-sustaining pods and working from home on nuclear powered handsets by now, Oh how wrong they were....internet sad cases are still internet sad cases, who would have thunk it....:money:


At least on HPC there are a few hundred people who might read your drivel....:rotfl:

51mm5

westernpromise wrote: »

Yes. I have previously posted links to Usenet conversations from 1996, 22 years ago, in which the Crashies of their day posted about how overpriced property was, how it would never go up again ever, etc.

That was 88% of a mortgage term ago.

The big error these clowns all make is failing to notice how fast you pay down a mortgage at these rates. Crashy's fear of being trapped in negative equity is based, ignorantly, on the early 90s, when at 17% mortgage rates you barely paid off the principal for years. He shudders at the idea that he actually has to live somewhere for 5 years because he's in negative equity. Today, at 3%, you pay off 15% in the first 5 years, 25% in the first 8, etc. Even if you bought with a 100% mortgage the day the market crashed 25% you'd still be clear inside 8 years - and if you don't want to stay somewhere for 8 years you shouldn't be buying.

Crashy is now in his 22nd year of renting. He needs prices to fall 130% from present levels for hos decision to short the market 22 years ago to look now like a good one. Prices of course cannot fall 130%, or even 100%, nor have they often fallen 30% (and not for long). So who's trapped?

Sad Crashy has given up on this part of the forum and spends his time on the Housing Buying and Selling section trying to derail any thread with irrelevant doom-mongering links (usually the same links that are currently in flavour that day on the hpc forum) where unknowing posters are looking for advice. Maybe he is trying to single handedly create a crash in the uk by changing "sentiment" :rotfl:

Thrugelmir

westernpromise wrote: »

The big error these clowns all make is failing to notice how fast you pay down a mortgage at these rates. Crashy's fear of being trapped in negative equity is based, ignorantly, on the early 90s, when at 17% mortgage rates you barely paid off the principal for years. He shudders at the idea that he actually has to live somewhere for 5 years because he's in negative equity. Today, at 3%, you pay off 15% in the first 5 years, 25% in the first 8, etc. Even if you bought with a 100% mortgage the day the market crashed 25% you'd still be clear inside 8 years - and if you don't want to stay somewhere for 8 years you shouldn't be buying.

The big error that people make is to compare different eras using the same criteria. At 17% interest rates people borrowed far far less.

At least pay rises were real in those high interest era's. Unlike today's below inflation increases.

triathlon

Crashy_Time wrote: »

Oh Dear! Six or so people posting to an audience of....well about six people, about strangers on the internet...even in 1996 they couldn`t have imagined it would come to this level of tragedy..:rotfl: Back then they thought we would all be sitting in self-sustaining pods and working from home on nuclear powered handsets by now, Oh how wrong they were....internet sad cases are still internet sad cases, who would have thunk it....:money:


At least on HPC there are a few hundred people who might read your drivel....:rotfl:

It is so sad when people do not get it, and honestly crashy, because you are willing to post on here I will not dis respect you, mainly because you post your complete drivel to a critical public, and no that is not disrespect.

The HPC lot are so entrenched in a now generational views that counting your losses, excepting you was wrong and moving on is no longer a viable route, it is now way to late for most of them,

But as long as "100's" of them can keep bellowing out mantras you are OK with that.
They are like those sad old Japanese soldiers willing to die for their country and cause 30 years after the war has finished and they are unaware living on an Island and everyone else has moved on.

Please give us the chance to challenge HPC in debate, but they are too cowardly. They just moved around the web, even on MSE making up posts of disillusioned homeowners, tenats and landlords hoping it will spark a revolution, they have lost the debate and are resorting to fake news, pathetic.

_CC_

Crashy_Time wrote: »

Oh Dear! Six or so people posting to an audience of....well about six people, about strangers on the internet...even in 1996 they couldn`t have imagined it would come to this level of tragedy..:rotfl: Back then they thought we would all be sitting in self-sustaining pods and working from home on nuclear powered handsets by now, Oh how wrong they were....internet sad cases are still internet sad cases, who would have thunk it....:money:


At least on HPC there are a few hundred people who might read your drivel....:rotfl:

Still can't answer the basic questions put to you.

Do you have any investments, Crashy? I'm interested to know where you've invested money given your views over the past decade. Equities? Bonds? Commodities? Gold? Saving accounts? Under your bedside mattress? Bitcoin? ... Or are you broke?

triathlon

_CC_ wrote: »

Still can't answer the basic questions put to you.

Do you have any investments, Crashy? I'm interested to know where you've invested money given your views over the past decade. Equities? Bonds? Commodities? Gold? Saving accounts? Under your bedside mattress? Bitcoin? ... Or are you broke?

I know what I am charging for very average housing to people with OK jobs, there is no chance they have much left over, I cannot see how they have anything leftover to save

chucknorris

_CC_ wrote: »

Still can't answer the basic questions put to you.

Do you have any investments, Crashy? I'm interested to know where you've invested money given your views over the past decade. Equities? Bonds? Commodities? Gold? Saving accounts? Under your bedside mattress? Bitcoin? ... Or are you broke?

Crashy is far from broke, You only have to read ALL (that emphasis was meant for others, not you) his posts clearly show that he has worldwide equity trackers (so very sensible). He just has a problem with property. I more or less know what that is, but it just isn't my place to speculate on an individuals personal finances.