House Price Crash Discussion Thread

Turnbull2000

free4440273 wrote: »

BofE keeps on spewing out 'managed' CPI and inflation figures anyhow; and as long as they continue doing this, they will just keep on cutting rates (aggressively) in 2008. It's poor old Savers who I worry about ....

Well, the media are up to their same old game;

The Times - More rate pressure as new mortgage figures plunge

The Bank of England came under mounting pressure to cut interest rates as early as next month today as official figures from Britain's high street banks showed that new mortgage lending dropped by 43.5 per cent last month compared with last November.

What a joke this whole country has become.

nelly_2

Turnbull2000 wrote: »

Well, the media are up to their same old game;

The Times - More rate pressure as new mortgage figures plunge

What a joke this whole country has become.

But not a funny joke a sick repulsive joke

dolce_vita

pickledpink wrote: »

I'm not going to elaborate for your benefit! You're in that little club run my Turnbull, Walter & co...............a bunch of have-nots!

I never actually said HPI was a good thing (but we all know it it is don't we:p ) - I just said HOUSE PRICES INCREASE IN THE LONG TERM! D'oh?

Anyway, rather than worrying yourselves about something you'll never have, why don't you go and get a paper-round or something; you might be able to save up for a tent.

And a happy new year to you picklebrain.





(was that polite enough?)

ManAtHome

The Times also had a "don't panic, inflation isn't structural" article last week - apparently food, warmth, and shelter aren't regarded as "core" any more....

If this carries on, they'll be dropping cheese from the Cheese and Plasma Index next!

Paul_N_4

Turnbull2000 wrote: »

Well, the media are up to their same old game;

The Times - More rate pressure as new mortgage figures plunge

What a joke this whole country has become.

Since when has it been the BofE's responsibility to encourage the take up of mortgages. Unbelievable :huh:

All this fiddling of the inflation rate, surely it really doesn't matter. People will start feeling the pinch of the rising bills and be forced to quit spending. An artificial inflation rate isn't going to stop actual inflation.

merlinthehappypig

Two interesting articles in the FT today about price falls in commercial and rental properties:

http://www.ft.com/cms/s/0/73e94806-b4bc-11dc-990a-0000779fd2ac.html

http://www.ft.com/cms/s/0/67416f6e-b4b9-11dc-990a-0000779fd2ac.html

hearts

Snow_Dog wrote: »

It would be funny if it wasnt peoples livelyhoods and houses staked.

You can just imagine GB and Darling desperate for ideas like raising the stamp thresholds but fearing what the resultant reduction in HMCE takings would do to their borrowing figures. So be prepared for an increase in the number of empty rhetoric about how they are promoting, "share", "key-worker", "joint ownership" schemes in the spring time.

Perhaps we shall see another extension of the GB defined fiscal cycle, to maybe 2019 :cool:

Whichever way there is not going to be stagnation, name me two consecutive trading days on the ftse that have ended up not moving by a single point (and no I dont mean the close value).

There may not be 2 days the same but I think the 100 was close to 6000 at close of business last year and we are near enough the same now ;-)

cafenervosa_2

Paul_N wrote: »

Since when has it been the BofE's responsibility to encourage the take up of mortgages. Unbelievable :huh:

The Bank of England have had control over us all for a very long time, they are in the same team as the Federal Reserve of the USA. These banks are private and control us all with one purpose in mind and thats to make money. Even the government don't have control over what the Banks do, they rule us all. They want us all to get massive mortgages so that we become debt slaves and they can control us for life, that way they get to make a lot of money from us!

Tassotti

Never Gonna Happen...stop Wishing

beingjdc

cafenervosa wrote: »

The Bank of England have had control over us all for a very long time, they are in the same team as the Federal Reserve of the USA. These banks are private and control us all with one purpose in mind and thats to make money. Even the government don't have control over what the Banks do,

This seems a good time to remind everyone that, despite what you hear on the internet, the Bank of England was nationalised in 1948, it has one shareholder, and that shareholder is the Treasury Solicitor, ex officio.