Wednesday, Jul 14, 2010
Rates will Rise!
Daily Telegraph: There's trouble ahead if interest rates rise
This article hidden at the back of today's Torygraph. Bring it on!
Posted by billyboy @ 05:17 PM (385 views) Add Comment
1 Comment
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1. Eternal Sceptic said...
Perhaps the time has come to look seriously at the sort of help offered to those struggling to pay a mortgage.Paying interest by the state to help people during periods of unemployment is one thing, paying interest for the longterm unemployed or those on the equivalent of incapacity is another. I would suggest the coalition consider a sliding scale of ownership release from the owner to the government say after a 2 or 3 year period of taxpayer funding. Also make this retroactive to the start of the bust. Effectively as the government pays interest to the individual it also gains a percentage stake in the property, to be repaid on the eventual sale. Personally I do not like the idea of someone who has hardly ever worked, making money on property, due to the largesse of the state. Could even be a means to trigger the much needed rise in interest rates.