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TheCountOfNowhere

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Everything posted by TheCountOfNowhere

  1. I dunno why we're worried about the BOE, they simply wont raise IRs. Mortgage rates on the hand, if term funding has been withdrawn, can easily spiral up. Thie housing market has been a scam since 1998, it's got progressively worse year on year to the point that Estate Agents remained open during, what we are told, was the most serious pandemic since the Spanish Flu. The total and utter insanity of this is there for all to see but still people pile in.
  2. https://www.theweek.co.uk/business/954717/interest-rates-why-the-long-era-of-ever-cheaper-finance-is-finally-over Interest rates: why the long era of ever-cheaper finance is finally over Bank of England is warning that hikes are ahead as inflation soars If anyone is reading these headlines ( doubt they are ) they would be slightly worried taking on a half million debt to buy a crap hole in Daventry
  3. https://www.independent.co.uk/money/average-fixed-mortgage-rates-creeping-up-b1953520.html Average fixed mortgage rates creeping up The typical two- and five-year fixed rates on the market have increased month on month for the first time since June 2021, according to Moneyfacts.
  4. Some more tales of good news. https://www.telegraph.co.uk/personal-banking/mortgages/older-borrowers-hardest-hit-mortgage-cost-increases/?utm_content=telegraph&utm_medium=Social&utm_campaign=Echobox&utm_source=Twitter#Echobox=1636442451 Older borrowers hardest hit by mortgage cost increases Those with large equity stakes now paying highest rates in eight years
  5. Dog prices are down about 75%, some people can't even give them away now
  6. You must have missed last week when most of the world raised interest rates and uk mortgage rates started rising.
  7. The boe now saying they'll raise rates is wages shoot up https://inews.co.uk/news/andrew-bailey-bank-of-england-interest-rates-inflation-wages-soar-rise-1290791?ITO=newsnow So, if prices shoot up, theyll leave rates but if wages shoot up to make things more affordable they'll act to stop the wage inflation. These people are seriously sick This, imho, has absolutely everything to do with house prices. Its shocking how evil these people are
  8. Nonsense, it's Housing Benefit that sets rent levels.
  9. Exactly. Some fair points on JL, but when they go down this path because they are headed by a banker then I am: 1) Suspicious 2) Fearful of their future.
  10. High quality Brand = high rents. I thought they were going to BTR for their staff to rent off of them ( pay cut/serfdom ).
  11. House prices detached from Supply and demand some time ago. https://positivemoney.org/2019/09/bank-of-england-confirms-positive-money-analysis-of-house-prices/ Are you sure ? https://www.johnlewisfinance.com/personal-loan.html
  12. There's a few mechanisms I can see: 1) Buying land the builders might have built on and sold properties 2) Setting rent levels for an area 3) If prices start falling they will then have little choice but to start build up properties to try and keep their investments up. John Lewis is maybe not a bad landlord to have but dont you think Lloyds buying up property at this time not a bit, well, criminal ?
  13. The general population dont see anything amiss with this. Interest rates will shoot up and the £ is collapsing/inflation is 30% There is no point sugar coating this, GET YOUR ****ING MONEY OUT THE BANK AND INTO SOMETHING THAT WILL RETAIN VALUE. If people think that's housing which are at all time unaffordable levels supported by 0% IRs then that's their call. Like anything you'd be mad to put all your egss in one basket
  14. Ex-banker takes a retail brand into the BTL/BTR market at the peak of an enormous housing bubble and you see that as a positive thing. It seems to me: 1) Bankers are all leading various companies that should have nothing to do with renting out houses into propping up the housing bubble and therefor pricing it's tenants out of home ownership 2) You will own nothing and you won be at all happy.
  15. https://www.independent.co.uk/money/mortgage-interest-rates-rise-fix-variable-cheap-remortgage-b1949708.html "Figures show the Office for Budget Responsibility – the public body responsible for ensuring independent economic forecasting and analysis of the public purse – expects the interest rate on UK mortgages to hit 14.8 per cent by the second quarter of 2023." Dont they mean 1.48% If that comes to pass, it's brown pants time for millions of idiots.
  16. https://www.bigissue.com/news/activism/million-mask-march-police-warn-violence-london-protest/ How long before the young people really turn on the establishment? Best thing they can do is get political and get a dozen young mps in parliament and try and shake things up a bit
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