We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. 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!
Something fishy
Comments
-
AnotherJoe wrote: »LOL.
Previously you've stated that record low interest rates are propping up house prices and create a bubble.
Now you say record low interest rates reduce sales !
No, it is restricted lending that is reducing sales (read the other poster`s post) and low rates that are allowing people to hold on to property that they probably over-paid for. The facts are that we have low rates, reduced sales and reduced mortgage lending and we still have a bubble in many parts of the country, or are you saying that we have already had the crash?0 -
Crashy_Time wrote: »US is not basing it`s rate hikes on concerns about Brexit, Carney and Co. can say/do what they like but they won`t be lowering when the US is raising. You contradict yourself, record low rates are not helping people buy more, because as you say lending is being constrained, hence less sales but people not being in enough difficulty with their mortgage (or more likely 2nd mortgage) to cause forced sales.
Were not talking about the US... Guess what you can have different rates in different countries as they go through different economic cycles. Have a look what the Fed was doing when we dropped rates to 0.25% oh yeah they had raised rates.... "they won`t be lowering when the US is raising." really cause they did....
The rest of it I really have no idea what you are talking about. I think you need to reword it because it really makes no sense (Not that anything you normally say does)0 -
Crashy_Time wrote: »No, it is restricted lending that is reducing sales (read the other poster`s post) and low rates that are allowing people to hold on to property that they probably over-paid for. The facts are that we have low rates, reduced sales and reduced mortgage lending and we still have a bubble in many parts of the country, or are you saying that we have already had the crash?
Really, mortgage companies are starting to reduce their rates, only the other day principality lowered its BTL mortgage rates, they are trying to get business. I think its the lack of the right type of properties in the right areas that is the problem, some houses in my area stay on for ages (normally towards the higher end), where as some are sold within a day with huge demand.
How can you say we have a bubble, you really can't say it was a bubble without hindsight, is fuel price a bubble or is it just the lack of supply and the huge demand... Sorry I know you hate to talk about supply and demand as you don't believe in it but it is a huge factor.0 -
How can you say we have a bubble, you really can't say it was a bubble without hindsight, is fuel price a bubble or is it just the lack of supply and the huge demand... Sorry I know you hate to talk about supply and demand as you don't believe in it but it is a huge factor.
Its an article of faith with Crashy that its a bubble, thats how he can say it! He's like the cults that think the world ends on a specific date and when it doesn't, they just adjust the date a few more years out.
That's his entire worldview. Every piece of evidence, every headline, every fact is bent, cut and shaped to fit into that worldview in the desperate and self-deluding hope that his selling up 20 years ago was not a catastrophic financial decision, as was his refusal to buy when house prices did actually fall significantly a couple of times, he was still waiting for more falls (or perhaps he'd passed the point of no return when he couldn't afford anything because prices were still way above where he sold in the 90's. )0 -
Crashy_Time wrote: »
Do you even read the links you post? This is not about mortgages or housing its about people that need credit to live week to week... They are the poorest, those on benefits, it might hit the low end of BTL but more likely the social rented sector.... Are you back in your rented bedsit after spending the day with a placard that says "The end is nigh"0 -
If everyone stopped answering and quoting the fool crashy he would just sit in his rented property and lick his wounds.
Stop feeding the troll people.0 -
If everyone stopped answering and quoting the fool crashy he would just sit in his rented property and lick his wounds.
Stop feeding the troll people.
If only that were true, he has been plying his doom mongering for years, he should be challenged for the fool he is so people who dont frequent here often do not take him seriously.... To be fair some of his posts are actually useful, although most are his links he gets from housepricecrash.0 -
Do you even read the links you post? This is not about mortgages or housing its about people that need credit to live week to week... They are the poorest, those on benefits, it might hit the low end of BTL but more likely the social rented sector.... Are you back in your rented bedsit after spending the day with a placard that says "The end is nigh"
Ah...I see...so people who bought 600k London shoeboxes and similar won`t be affected? That will be a load off the minds of people with big mortgages up and down the land0 -
If only that were true, he has been plying his doom mongering for years, he should be challenged for the fool he is so people who dont frequent here often do not take him seriously.... To be fair some of his posts are actually useful, although most are his links he gets from housepricecrash.
Nearly all your posts are just trolling people who say the obvious facts - property is over-priced, and in big trouble when interest rates rise and if Brexit goes bad. I thought you were a millionaire? Be careful, too much Price Policing will have people thinking it is all on paper0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.9K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.1K Spending & Discounts
- 244.9K Work, Benefits & Business
- 600.5K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards