We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
House Price Crash Discussion Thread
Options
Comments
-
EdInvestor wrote: »Interest rates to be cut 3 times next year.0
-
LisbonLaura wrote: »Ah yes
& some of those banks are close to 'moving on' terminally.
.............................................................................
But I mustn't say these things, so;
Everything is fine
It's just a blip
The great leader will overcome.
Which ones? NR yes, but their business model isn't like any of the major banks. Yes, barclays had issues but these havent been proven and even the talk of them going to the BoE for funds this month haven't been confirmed. Yes, the went last month twice but these are for very different reasons than the one NR went for. If you can tell me the others please do, I'd love to read up on that one.
I'm not saying all is fine and dandy or Mr Brown has got it spot on(great leader, I must admit, I nearly wet myself).. I'm just trying to say, things evolve. How credit is worked out and the limits given, change...0 -
Well Citi and Morgan Stanley seem to having the odd 'blip' (and non-banks Countrywide and Bear-Stearns), and... who knows? But I'm sure the UK banks are totaally immune...0
-
Some more pertinent articles from today's papers:
Bank's grim warning over UK economy
Rising inflation and weak house market over next year, says King
The governor of the Bank of England issued a stark warning yesterday of a looming economic slowdown as he signalled that the next year will be the toughest for Britain in a decade.
Putting investors on high alert for a sharp fall in share prices, Mervyn King said the period ahead would be marked by slower growth, rising inflation, a weakening housing market and a falling pound.
http://www.guardian.co.uk/business/2007/nov/15/economy1
http://www.guardian.co.uk/leaders/story/0,,2211075,00.html0 -
Also good article www.business.timesonline.co.uk click on title in RH column.
Also , pinched from www.housepricecrash.co.uk I know - but interesting thread about Southampton EA who is barely selling a thing. 2 as opposed to the normal 40 properties!!!:eek:0 -
EdInvestor wrote: »Interest rates to be cut 3 times next year.
http://www.thisismoney.co.uk/news/article.html?in_article_id=426320&in_page_id=2&ct=5
This is not good news at all!
This sort of news is not a very good Christmas present!
I would think there are lots of people who agree with me.
Who is it going to be good news for if anyone?
Lets hope for the next movement in rates to be up.0 -
Lower the IR, kill the currency, try to inflate the crisis away. Terrific
So the savers pay for the greed of the last few years.
If I ever become terminally ill, (ie know when I escape, more or less) I just might be tempted to cull one of these swines at the alleged 'top'.0 -
EdInvestor wrote: »Interest rates to be cut 3 times next year.
:money:0 -
LisbonLaura wrote: »So the savers pay for the greed of the last few years.
Who gains? well anyone who's paying much more in interest than it's costing them to live. Half a percent or so knocks 10% off your interest bill, but the increase in inflation could add more than that to your "basics" bills (food, power, transport etc).
Oh, and northern crock/BoE inc - their penalty rate also goes down.
Who loses? just about everyone else... good re-election strategy, maybe not.0 -
Also note govt are giving our money to councils to stop council tax rises, which is really a political party bribe which new labour don't pay for......so eveyone is a new labour member suddenly?? - honours for all?
Yep,it's election time.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 177K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards