Is it really quiet for new listings?

Sarah1Mitty2

jimbog said:

Sarah1Mitty2 said:

These deals only last for a few months though...... deals are aimed at people who can`t manage their money.

Not at all, take a look at Martin's article here and it can be for up to 23 months and it'll save you ££££££

https://www.moneysavingexpert.com/credit-cards/best-0-credit-cards/

 Interesting, will these deals stick around with higher interest rates though?

Sarah1Mitty2

housebuyer143 said:

Sarah1Mitty2 said:

housebuyer143 said:

Sarah1Mitty2 said:

MobileSaver said:

Sarah1Mitty2 said:

MobileSaver said:

I'm sure most are like me and put almost everything on a credit card but also like me I'm sure many pay the full balance off every month. Do you really think loads of people who are finding money is tight are still going out and spending £30 on lunch for two?!?!

I didn't take that much interest in the mezzanine traders but from memory the ones we did stop at were in the main being paid in actual paper cash...

There is absolutely no way to know how strangers in a dining area run their credit card, or how many times they go out to spend money,

Of course you can't actually know but you can make educated guesses based on freely available stats.

The majority of people (something like two thirds, 66%) do not pay any interest on their credit card, either because they pay it off in full every month or have a zero percent promotion.

lookstraightahead said:

MobileSaver said:

lookstraightahead said:

MobileSaver said:

Of course but what is pretty much certain is that neither the Ideal Home show, the trader's stalls or the garden centre restaurants are selling anything that is essential - the point is that it's almost all discretionary WIBNIF stuff and people are still buying it however they are paying for it... many people's financial situation is nowhere near as dire as you would like it to be.

I don't think you would get a doctorate with your research methods tbf 🤓.

I don't think you need a doctorate to work out that fully booked restaurants being indicative of "money is tight" is a rather flawed hypothesis!

It actually tells us nothing except that people who go to the ideal home exhibition eat their dinner in a restaurant. It's a massive case of selection bias. 

This was a continuation of earlier posts of my own recent personal experiences; not just one but numerous fully booked restaurants, fully booked hotels and standing-room-only off-peak trains.

If you and @Sarah1Mitty2 want to convince yourselves that such observations somehow demonstrate many of those people are finding money is tight then knock yourself out but for me it's one of the more bizarre theories I've seen on this site!

I think most people accept that money is tighter for more people than it was two years ago, I don`t see any point in trying to overturn that basic fact with examples of seeing people out and about on a sunny day, and the problem with zero % card deals is that most of the people using them will eventually be paying interest at some point, the people who run their card at full payments every month (I am one of them BTW) are fewer than you think. Why would someone need a 0% promotion if they already pay their card in full every month?

So they can max it out and put the money into a high interest account. I am currently doing that with my 3 cards. You get free money by taking advantage of the 0% deals.

These deals only last for a few months though, and there are charges for taking cash out at the ATM on a credit card, the "profit" on this is hardly worth all the hassle surely? Mostly these deals are aimed at people who can`t manage their money.

They are at least 18 months interest free and you don't take money out at the cash machine, you put all your spending onto it for everything until it's maxed out. Then that money you saved not using your debit card goes into the savings. At the end of the free period you pay it off and start again. I have been doing this the past 12 years and it works great.

Between my husband and I we are getting £100 month interest just from doing this. If you can manage your money then it's a great little earner.

With near zero rates as we have had you must be spending a lot to get that amount of interest?

housebuyer143

Sarah1Mitty2 said:

housebuyer143 said:

Sarah1Mitty2 said:

housebuyer143 said:

Sarah1Mitty2 said:

MobileSaver said:

Sarah1Mitty2 said:

MobileSaver said:

I'm sure most are like me and put almost everything on a credit card but also like me I'm sure many pay the full balance off every month. Do you really think loads of people who are finding money is tight are still going out and spending £30 on lunch for two?!?!

I didn't take that much interest in the mezzanine traders but from memory the ones we did stop at were in the main being paid in actual paper cash...

There is absolutely no way to know how strangers in a dining area run their credit card, or how many times they go out to spend money,

Of course you can't actually know but you can make educated guesses based on freely available stats.

The majority of people (something like two thirds, 66%) do not pay any interest on their credit card, either because they pay it off in full every month or have a zero percent promotion.

lookstraightahead said:

MobileSaver said:

lookstraightahead said:

MobileSaver said:

Of course but what is pretty much certain is that neither the Ideal Home show, the trader's stalls or the garden centre restaurants are selling anything that is essential - the point is that it's almost all discretionary WIBNIF stuff and people are still buying it however they are paying for it... many people's financial situation is nowhere near as dire as you would like it to be.

I don't think you would get a doctorate with your research methods tbf 🤓.

I don't think you need a doctorate to work out that fully booked restaurants being indicative of "money is tight" is a rather flawed hypothesis!

It actually tells us nothing except that people who go to the ideal home exhibition eat their dinner in a restaurant. It's a massive case of selection bias. 

This was a continuation of earlier posts of my own recent personal experiences; not just one but numerous fully booked restaurants, fully booked hotels and standing-room-only off-peak trains.

If you and @Sarah1Mitty2 want to convince yourselves that such observations somehow demonstrate many of those people are finding money is tight then knock yourself out but for me it's one of the more bizarre theories I've seen on this site!

I think most people accept that money is tighter for more people than it was two years ago, I don`t see any point in trying to overturn that basic fact with examples of seeing people out and about on a sunny day, and the problem with zero % card deals is that most of the people using them will eventually be paying interest at some point, the people who run their card at full payments every month (I am one of them BTW) are fewer than you think. Why would someone need a 0% promotion if they already pay their card in full every month?

So they can max it out and put the money into a high interest account. I am currently doing that with my 3 cards. You get free money by taking advantage of the 0% deals.

These deals only last for a few months though, and there are charges for taking cash out at the ATM on a credit card, the "profit" on this is hardly worth all the hassle surely? Mostly these deals are aimed at people who can`t manage their money.

They are at least 18 months interest free and you don't take money out at the cash machine, you put all your spending onto it for everything until it's maxed out. Then that money you saved not using your debit card goes into the savings. At the end of the free period you pay it off and start again. I have been doing this the past 12 years and it works great.

Between my husband and I we are getting £100 month interest just from doing this. If you can manage your money then it's a great little earner.

With near zero rates as we have had you must be spending a lot to get that amount of interest?

Granted it didn't pay £100 a month until the last year but previously we invested the money other places to make better then 0 returns. 

Now we are only borrowing about £30k from the credit card company to get that interest. It sounds a lot but it's not as it's completely risk free in that we pay the minimum and then pay it back in full at the end. 

housebuyer143

Sarah1Mitty2 said:

jimbog said:

Sarah1Mitty2 said:

These deals only last for a few months though...... deals are aimed at people who can`t manage their money.

Not at all, take a look at Martin's article here and it can be for up to 23 months and it'll save you ££££££

https://www.moneysavingexpert.com/credit-cards/best-0-credit-cards/

 Interesting, will these deals stick around with higher interest rates though?

Those deals have reduced quite a bit in recent months with increasing interest rates. There used to be a lot of credit card providers with very long 0% but just a handful now.

Sarah1Mitty2

housebuyer143 said:

Sarah1Mitty2 said:

housebuyer143 said:

Sarah1Mitty2 said:

housebuyer143 said:

Sarah1Mitty2 said:

MobileSaver said:

Sarah1Mitty2 said:

MobileSaver said:

I'm sure most are like me and put almost everything on a credit card but also like me I'm sure many pay the full balance off every month. Do you really think loads of people who are finding money is tight are still going out and spending £30 on lunch for two?!?!

I didn't take that much interest in the mezzanine traders but from memory the ones we did stop at were in the main being paid in actual paper cash...

There is absolutely no way to know how strangers in a dining area run their credit card, or how many times they go out to spend money,

Of course you can't actually know but you can make educated guesses based on freely available stats.

The majority of people (something like two thirds, 66%) do not pay any interest on their credit card, either because they pay it off in full every month or have a zero percent promotion.

lookstraightahead said:

MobileSaver said:

lookstraightahead said:

MobileSaver said:

Of course but what is pretty much certain is that neither the Ideal Home show, the trader's stalls or the garden centre restaurants are selling anything that is essential - the point is that it's almost all discretionary WIBNIF stuff and people are still buying it however they are paying for it... many people's financial situation is nowhere near as dire as you would like it to be.

I don't think you would get a doctorate with your research methods tbf 🤓.

I don't think you need a doctorate to work out that fully booked restaurants being indicative of "money is tight" is a rather flawed hypothesis!

It actually tells us nothing except that people who go to the ideal home exhibition eat their dinner in a restaurant. It's a massive case of selection bias. 

This was a continuation of earlier posts of my own recent personal experiences; not just one but numerous fully booked restaurants, fully booked hotels and standing-room-only off-peak trains.

If you and @Sarah1Mitty2 want to convince yourselves that such observations somehow demonstrate many of those people are finding money is tight then knock yourself out but for me it's one of the more bizarre theories I've seen on this site!

I think most people accept that money is tighter for more people than it was two years ago, I don`t see any point in trying to overturn that basic fact with examples of seeing people out and about on a sunny day, and the problem with zero % card deals is that most of the people using them will eventually be paying interest at some point, the people who run their card at full payments every month (I am one of them BTW) are fewer than you think. Why would someone need a 0% promotion if they already pay their card in full every month?

So they can max it out and put the money into a high interest account. I am currently doing that with my 3 cards. You get free money by taking advantage of the 0% deals.

These deals only last for a few months though, and there are charges for taking cash out at the ATM on a credit card, the "profit" on this is hardly worth all the hassle surely? Mostly these deals are aimed at people who can`t manage their money.

They are at least 18 months interest free and you don't take money out at the cash machine, you put all your spending onto it for everything until it's maxed out. Then that money you saved not using your debit card goes into the savings. At the end of the free period you pay it off and start again. I have been doing this the past 12 years and it works great.

Between my husband and I we are getting £100 month interest just from doing this. If you can manage your money then it's a great little earner.

With near zero rates as we have had you must be spending a lot to get that amount of interest?

Granted it didn't pay £100 a month until the last year but previously we invested the money other places to make better then 0 returns. 

Now we are only borrowing about £30k from the credit card company to get that interest. It sounds a lot but it's not as it's completely risk free in that we pay the minimum and then pay it back in full at the end. 

 They are definitely hoping that you won`t be able to pay back though, and then you are on the hook for a lot of debt? You would only need to not be able to pay back once and they will make a decent payment from you.

housebuyer143

Sarah1Mitty2 said:

housebuyer143 said:

Sarah1Mitty2 said:

housebuyer143 said:

Sarah1Mitty2 said:

housebuyer143 said:

Sarah1Mitty2 said:

MobileSaver said:

Sarah1Mitty2 said:

MobileSaver said:

I'm sure most are like me and put almost everything on a credit card but also like me I'm sure many pay the full balance off every month. Do you really think loads of people who are finding money is tight are still going out and spending £30 on lunch for two?!?!

I didn't take that much interest in the mezzanine traders but from memory the ones we did stop at were in the main being paid in actual paper cash...

There is absolutely no way to know how strangers in a dining area run their credit card, or how many times they go out to spend money,

Of course you can't actually know but you can make educated guesses based on freely available stats.

The majority of people (something like two thirds, 66%) do not pay any interest on their credit card, either because they pay it off in full every month or have a zero percent promotion.

lookstraightahead said:

MobileSaver said:

lookstraightahead said:

MobileSaver said:

Of course but what is pretty much certain is that neither the Ideal Home show, the trader's stalls or the garden centre restaurants are selling anything that is essential - the point is that it's almost all discretionary WIBNIF stuff and people are still buying it however they are paying for it... many people's financial situation is nowhere near as dire as you would like it to be.

I don't think you would get a doctorate with your research methods tbf 🤓.

I don't think you need a doctorate to work out that fully booked restaurants being indicative of "money is tight" is a rather flawed hypothesis!

It actually tells us nothing except that people who go to the ideal home exhibition eat their dinner in a restaurant. It's a massive case of selection bias. 

This was a continuation of earlier posts of my own recent personal experiences; not just one but numerous fully booked restaurants, fully booked hotels and standing-room-only off-peak trains.

If you and @Sarah1Mitty2 want to convince yourselves that such observations somehow demonstrate many of those people are finding money is tight then knock yourself out but for me it's one of the more bizarre theories I've seen on this site!

I think most people accept that money is tighter for more people than it was two years ago, I don`t see any point in trying to overturn that basic fact with examples of seeing people out and about on a sunny day, and the problem with zero % card deals is that most of the people using them will eventually be paying interest at some point, the people who run their card at full payments every month (I am one of them BTW) are fewer than you think. Why would someone need a 0% promotion if they already pay their card in full every month?

So they can max it out and put the money into a high interest account. I am currently doing that with my 3 cards. You get free money by taking advantage of the 0% deals.

These deals only last for a few months though, and there are charges for taking cash out at the ATM on a credit card, the "profit" on this is hardly worth all the hassle surely? Mostly these deals are aimed at people who can`t manage their money.

They are at least 18 months interest free and you don't take money out at the cash machine, you put all your spending onto it for everything until it's maxed out. Then that money you saved not using your debit card goes into the savings. At the end of the free period you pay it off and start again. I have been doing this the past 12 years and it works great.

Between my husband and I we are getting £100 month interest just from doing this. If you can manage your money then it's a great little earner.

With near zero rates as we have had you must be spending a lot to get that amount of interest?

Granted it didn't pay £100 a month until the last year but previously we invested the money other places to make better then 0 returns. 

Now we are only borrowing about £30k from the credit card company to get that interest. It sounds a lot but it's not as it's completely risk free in that we pay the minimum and then pay it back in full at the end. 

 They are definitely hoping that you won`t be able to pay back though, and then you are on the hook for a lot of debt? You would only need to not be able to pay back once and they will make a decent payment from you.

Of course they hope that, but they have been and will continue to be disappointed 😂😂 I wouldn't do it if there were any chance at all I wouldn't be able to pay it back or if I felt uneasy doing it. 
I have real savings in addition to the credit card debt so for me personally I feel no risk as I would never spend the money borrowed from the card. 
Not everyone should do this though as you can easily get into trouble if not managed properly. 

newsgroupmonkey_

I've used 0% cards a couple of times instead of personal loans when we wanted to do some extended family holidays.
Never paid a penny on interest.

I will point out that I could have afforded to pay them off in full at any time too, but it's cheaper to use a 0% card than take the money out of my company shares because I lose dividends and matching shares.

Sarah1Mitty2

housebuyer143 said:

Sarah1Mitty2 said:

housebuyer143 said:

Sarah1Mitty2 said:

housebuyer143 said:

Sarah1Mitty2 said:

housebuyer143 said:

Sarah1Mitty2 said:

MobileSaver said:

Sarah1Mitty2 said:

MobileSaver said:

I'm sure most are like me and put almost everything on a credit card but also like me I'm sure many pay the full balance off every month. Do you really think loads of people who are finding money is tight are still going out and spending £30 on lunch for two?!?!

I didn't take that much interest in the mezzanine traders but from memory the ones we did stop at were in the main being paid in actual paper cash...

There is absolutely no way to know how strangers in a dining area run their credit card, or how many times they go out to spend money,

Of course you can't actually know but you can make educated guesses based on freely available stats.

The majority of people (something like two thirds, 66%) do not pay any interest on their credit card, either because they pay it off in full every month or have a zero percent promotion.

lookstraightahead said:

MobileSaver said:

lookstraightahead said:

MobileSaver said:

Of course but what is pretty much certain is that neither the Ideal Home show, the trader's stalls or the garden centre restaurants are selling anything that is essential - the point is that it's almost all discretionary WIBNIF stuff and people are still buying it however they are paying for it... many people's financial situation is nowhere near as dire as you would like it to be.

I don't think you would get a doctorate with your research methods tbf 🤓.

I don't think you need a doctorate to work out that fully booked restaurants being indicative of "money is tight" is a rather flawed hypothesis!

It actually tells us nothing except that people who go to the ideal home exhibition eat their dinner in a restaurant. It's a massive case of selection bias. 

This was a continuation of earlier posts of my own recent personal experiences; not just one but numerous fully booked restaurants, fully booked hotels and standing-room-only off-peak trains.

If you and @Sarah1Mitty2 want to convince yourselves that such observations somehow demonstrate many of those people are finding money is tight then knock yourself out but for me it's one of the more bizarre theories I've seen on this site!

I think most people accept that money is tighter for more people than it was two years ago, I don`t see any point in trying to overturn that basic fact with examples of seeing people out and about on a sunny day, and the problem with zero % card deals is that most of the people using them will eventually be paying interest at some point, the people who run their card at full payments every month (I am one of them BTW) are fewer than you think. Why would someone need a 0% promotion if they already pay their card in full every month?

So they can max it out and put the money into a high interest account. I am currently doing that with my 3 cards. You get free money by taking advantage of the 0% deals.

These deals only last for a few months though, and there are charges for taking cash out at the ATM on a credit card, the "profit" on this is hardly worth all the hassle surely? Mostly these deals are aimed at people who can`t manage their money.

They are at least 18 months interest free and you don't take money out at the cash machine, you put all your spending onto it for everything until it's maxed out. Then that money you saved not using your debit card goes into the savings. At the end of the free period you pay it off and start again. I have been doing this the past 12 years and it works great.

Between my husband and I we are getting £100 month interest just from doing this. If you can manage your money then it's a great little earner.

With near zero rates as we have had you must be spending a lot to get that amount of interest?

Granted it didn't pay £100 a month until the last year but previously we invested the money other places to make better then 0 returns. 

Now we are only borrowing about £30k from the credit card company to get that interest. It sounds a lot but it's not as it's completely risk free in that we pay the minimum and then pay it back in full at the end. 

 They are definitely hoping that you won`t be able to pay back though, and then you are on the hook for a lot of debt? You would only need to not be able to pay back once and they will make a decent payment from you.

Of course they hope that, but they have been and will continue to be disappointed 😂😂 I wouldn't do it if there were any chance at all I wouldn't be able to pay it back or if I felt uneasy doing it. 
I have real savings in addition to the credit card debt so for me personally I feel no risk as I would never spend the money borrowed from the card. 
Not everyone should do this though as you can easily get into trouble if not managed properly. 

Fair enough, my experience is that a lot of people who used to do this didn`t have any savings and basically lived on debt.

Sarah1Mitty2

On the actual topic.......I don`t think it is particularly quiet for new listings?

ManuelG

Sarah1Mitty2 said:

On the actual topic.......I don`t think it is particularly quiet for new listings?

Has upped a little bit around me, but still feels quiet. I've left my alerts on despite having an offer accepted as if it breaks down for any reason I need to know what's out there and what prices are doing, and there's still not much in the areas we were looking.

Or maybe I just like unpopular areas, of course(!)