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Investec 3 Year Base Rate Plus Issue 2


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#1 Democorruptcy

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Posted 28 November 2011 - 03:25 PM

What's the best 3 year rate without the uplift if rates rise?

Is it worth hoping rates might rise?

http://www.investec....us_Issue_1.html

Democorruptcy
If you say "Democorruptcy" quickly, it sounds a bit like "Democracy". In a "Democracy" people vote for politicians who represent their interests. In the UK's "Democorruptcy" people can only vote for expense fiddling thieving MPs who are in the hip pocket of big business and the finance sector.

 

Governbankment
A "Governbankment" is a Government like ours, that has no line between itself and banks. It diverts public money (our taxes) to private companies (banks). George Osborne's Help to Buy Bail Banks, promises our taxes will go to bankers, to cover their losses on mortgages that default.

 

The more houses cost, the more hours you have to work to buy one. The more hours you work, the more taxes you have to pay the Governbankment. The more debt you take on and the longer the mortgage term, the more interest you have to pay bankers, so the more hours you also have to work for them. 

 

House were cheap when people did mortgages at 3x main income for a whole house. Now banks encourage them to do 4.5x joint income, often for only a share of a house, the houses cost a lot more. House prices are all about people's appetite for lending. 

 

If it is asserted that civilization is a real advance in the condition of man -- and I think that it is, though only the wise improve their advantages -- it must be shown that it has produced better dwellings without making them more costly; and the cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.

http://classiclit.ab...en-Part-2_4.htm

 


#2 Democorruptcy

Democorruptcy

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Posted 01 December 2011 - 01:13 PM

What's the best 3 year rate without the uplift if rates rise?

Is it worth hoping rates might rise?

http://www.investec....us_Issue_1.html


Might be a sucker account if rates edged up a little. They may not increase their interest rate and just leave it at 3.75% because it would still be base rate + 1%. Then if other accounts edged their interest rates on this one could be poor by comparison and no withdrawals.

Democorruptcy
If you say "Democorruptcy" quickly, it sounds a bit like "Democracy". In a "Democracy" people vote for politicians who represent their interests. In the UK's "Democorruptcy" people can only vote for expense fiddling thieving MPs who are in the hip pocket of big business and the finance sector.

 

Governbankment
A "Governbankment" is a Government like ours, that has no line between itself and banks. It diverts public money (our taxes) to private companies (banks). George Osborne's Help to Buy Bail Banks, promises our taxes will go to bankers, to cover their losses on mortgages that default.

 

The more houses cost, the more hours you have to work to buy one. The more hours you work, the more taxes you have to pay the Governbankment. The more debt you take on and the longer the mortgage term, the more interest you have to pay bankers, so the more hours you also have to work for them. 

 

House were cheap when people did mortgages at 3x main income for a whole house. Now banks encourage them to do 4.5x joint income, often for only a share of a house, the houses cost a lot more. House prices are all about people's appetite for lending. 

 

If it is asserted that civilization is a real advance in the condition of man -- and I think that it is, though only the wise improve their advantages -- it must be shown that it has produced better dwellings without making them more costly; and the cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.

http://classiclit.ab...en-Part-2_4.htm

 





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