rate cut and the housing market ...

dannyboycey

codger wrote: »

Give up, danny. It's a lost cause.

We used to vote Tory because it had the guts to check the unbridled power of the trade unions. But then we stopped voting Tory when it lost the plot on everything from ERM to Poll Tax to fighting against the Minimum Wage. Plaingly, the Tories were total idiots.

So we voted New Labour. Plainly, we were total idiots.

We're now old and wise enough to realise that politics is too important for poiliticians.

And that whatever Party gets into power, it becomes a Government, at which point it becomes like all governments: it sets its own self-interest above that of the nation, and it devotes itself to mediocrity and mendacity to the exclusion of all else.

(And then, of course, there's New Labour. It manages to do the above and turn incompetence into an art form, too.)

Would the Tories be any different? The LibDems? Nah.

I can't argue with that... You are spot on.

nollag2006

I still find the original point, sneering at council house occupants to be utterly unforgiveable

Running_Horse

nollag2006 wrote: »

I still find the original point, sneering at council house occupants to be utterly unforgiveable

Live where I grew up for a while and then you can get all moral with me.

Funnily enough I recently visited the old place. Our house has been bought and now has a giant wooden cartwheel on the front wall! Wonder what they think of the gypsies next door who used to throw their empty bottles in our garden. Or the gangs of teenagers hanging around looking for someone to beat up.

And yes, there was rubbish in the front gardens, and satellite dishes on every roof.

smudge33

Are you sure you weren't driving down my street?! :-) We've got a few lovely tenants (council and private) and a lot of no-hopers and junkies (both council and private, whose rents are paid by council as they've a) sold all the council houses and b) they can't work while they are still addicted to the junk). A few lovely gardens, a lot of crap in the others... I don't understand it mysefl, as thirty years ago, our old street only had one crappy garden and the rest were all very well looked after.

Perhaps it's because all te ones who looked after their houses bought them and then moved on, like my parents? *sigh*.

Anyway, if Halifax are predicting 0% growth we really /are/ in poo for next year.

dannyboycey

Running_Horse wrote: »

satellite dishes on every roof.

The shame of it.

mr.broderick

nollag2006 wrote: »

Let's hope this cut is the first of many.

The market seems to have priced in another 50bps cut by mid-2008, according to the front page of the FT.

Wow, the mind boggles.

wolvoman

nollag2006 wrote: »

The market seems to have priced in another 50bps cut by mid-2008, according to the front page of the FT.

Which market has priced them in? Equities or Forex?

If it's the latter then this will ease some of the inflation fears of rate reductions.

CB1979_2

Running_Horse wrote: »

Live where I grew up for a while and then you can get all moral with me.

Funnily enough I recently visited the old place. Our house has been bought and now has a giant wooden cartwheel on the front wall! Wonder what they think of the gypsies next door who used to throw their empty bottles in our garden. Or the gangs of teenagers hanging around looking for someone to beat up.

And yes, there was rubbish in the front gardens, and satellite dishes on every roof.

or you just use to live in a p1key area, you may have moved away, you can take the p1key out of the area but you can't take the p1key out of the man.

remember you can't buy class matey.

Dylanwing

Why should savers - people who have been prudent with their money - suffer, rather than borrowers, many of whom have made idiotic decisions to buy property without any thought for the future?

Why buy? The social housing stock was all sold. Private renting is a joke in the UK, cowboy landlords, no security of tenure, no pets, no kids, no DIY, no painting etc. That's not a home. Raising interest rates means repossessions, homelessness, families splitting, drain on benefits, social consequences, and general misery. Surely avoiding that is worth losing a % or two on your savings?

Gorgeous_George

Dylanwing wrote: »

Private renting is a joke in the UK, cowboy landlords, no security of tenure, no pets, no kids, no DIY, no painting etc. That's not a home.

It doesn't need to be like that. My tenant can do pretty much whatever she wants providing she looks after the property. She knows that paying on time = security of tenure.

Dylanwing wrote: »

Raising interest rates means repossessions, homelessness, families splitting, drain on benefits, social consequences, and general misery. Surely avoiding that is worth losing a % or two on your savings?

Spot on.


GG