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.
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!
Moneyweek: Why this housing crash could be worse than the 1990s
Comments
-
Hamish Hamish, are you there? Go and change into dry kilt and come and join the thread.0
-
I think we can see why !!!!!! changed his ID
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Running_Horse wrote: »My memory of the 1990s crash was a lot worse than this...so far.
Same here.........but there are all these schemes (so people don't get repo'd) and bigger things going (like QE) on plus tax credits if your income falls.
I am really changing my mind at the moment on how things are going to move forward...thinking another mini bubble..then another mini bust in 2 or 3 years time. Like lot's of little zig zags.
I don't remember reading anything on here 2 years back forecasting 0.5% int rates...unless I missed it.:o0 -
Same here.........but there are all these schemes (so people don't get repo'd) and bigger things going (like QE) on plus tax credits if your income falls.
I am really changing my mind at the moment on how things are going to move forward...thinking another mini bubble..then another mini bust in 2 or 3 years time. Like lot's of little zig zags.
I don't remember reading anything on here 2 years back forecasting 0.5% int rates...unless I missed it.:o
It was the opposite, the bears were foaming at the mouth at the prospect of increasing rates and people coming off two year fixes and not being able to afford their mortgage.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Running_Horse wrote: »My memory of the 1990s crash was a lot worse than this...so far.
Because most of us have been largely protected from its impact .... but for how long will this be possible?
Holding back the proper correction to the economy is, IMO, likely to make it worse for everyone in the long run. The next generation, who haven't caused it, will have to pay!0 -
That means anyone who bought in the last two or three years could find their monthly payments almost doubling. :eek:
Priceless.
The doom mongers were just as wrong then as they are now.:DWhy do you think people here have been warning others not to buy????
Because misery loves company.:rotfl:
Thankfully, most people in Britain realised the likes of Moneyweek were spouting nonsense and just got on with things.
And well done to the thread necromancer...... :T
Good to see these pop up so we can all laugh at how wrong the bears were even then.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
I think we can see why !!!!!! changed his ID
Wonder how long before monkeyman has to change his? I mean, if you had been so consistently wrong, for so long, would you still show up to get laughed at?
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Because most of us have been largely protected from its impact .... but for how long will this be possible?
Holding back the proper correction to the economy is, IMO, likely to make it worse for everyone in the long run. The next generation, who haven't caused it, will have to pay!
:rotfl:
Alrighty then.....“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Rates doubling? Sure nearly did in the early 90`s. Then of course we weren`t playing fantasy economics. The recession happened and it was `orrible but happen it did. 12% IRs were scary enough but in a strange way IRs of 0.5% are way scarier. Just what are we trying to hide?0
-
Rates doubling? Sure nearly did in the early 90`s. Then of course we weren`t playing fantasy economics. The recession happened and it was `orrible but happen it did. 12% IRs were scary enough but in a strange way IRs of 0.5% are way scarier. Just what are we trying to hide?
Did anyone who was paying 12% rates in the early 90s borrow the money at 6% though?Prefer girls to money0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards